Southern Asia: Endless Machinery Band Market 2024

Endless Machinery Band Market Size in Southern Asia

The South Asian endless machinery band market fell slightly to $X in 2023, waning by X% against the previous year. Over the period under review, consumption, however, saw a pronounced slump. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2023, consumption remained at a lower figure.

Endless Machinery Band Production in Southern Asia

In value terms, endless machinery band production rose slightly to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2019 with an increase of X%. The level of production peaked at $X in 2021; however, from 2022 to 2023, production remained at a lower figure.

Endless Machinery Band Exports

Exports in Southern Asia

For the third year in a row, Southern Asia recorded decline in shipments abroad of endless bands for machinery, of stainless steel, which decreased by X% to X square meters in 2023. Over the period under review, exports, however, enjoyed a tangible increase. The most prominent rate of growth was recorded in 2018 when exports increased by X%. As a result, the exports reached the peak of X square meters. From 2019 to 2023, the growth of the exports remained at a lower figure.

In value terms, endless machinery band exports reached $X in 2023. Total exports indicated a tangible increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2017 indices. The pace of growth appeared the most rapid in 2015 when exports increased by X%. As a result, the exports attained the peak of $X. From 2016 to 2023, the growth of the exports remained at a somewhat lower figure.

Exports by Country

India dominates exports structure, amounting to X square meters, which was near X% of total exports in 2023. Sri Lanka (X square meters) followed a long way behind the leaders.

From 2012 to 2023, average annual rates of growth with regard to endless machinery band exports from India stood at X%. At the same time, Sri Lanka (X%) displayed positive paces of growth. Moreover, Sri Lanka emerged as the fastest-growing exporter exported in Southern Asia, with a CAGR of X% from 2012-2023. While the share of India (X p.p.) and Sri Lanka (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) remains the largest endless machinery band supplier in Southern Asia, comprising X% of total exports. The second position in the ranking was taken by Sri Lanka ($X), with a X% share of total exports.

In India, endless machinery band exports increased at an average annual rate of X% over the period from 2012-2023.

Export Prices by Country

The export price in Southern Asia stood at $X per square meter in 2023, remaining stable against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the export price increased by X%. The level of export peaked at $X per square meter in 2013; however, from 2014 to 2023, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was India ($X per square meter), while Sri Lanka stood at $X per square meter.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by India (X%).

Endless Machinery Band Imports

Imports in Southern Asia

In 2023, approx. X square meters of endless bands for machinery, of stainless steel were imported in Southern Asia; with an increase of X% against 2022 figures. In general, imports, however, saw a abrupt contraction. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. The volume of import peaked at X square meters in 2012; however, from 2013 to 2023, imports remained at a lower figure.

In value terms, endless machinery band imports reached $X in 2023. Over the period under review, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when imports increased by X%. As a result, imports reached the peak of $X. From 2020 to 2023, the growth of imports remained at a lower figure.

Imports by Country

Pakistan (X square meters) and India (X square meters) represented roughly X% of total imports in 2023. Maldives (X square meters) ranks next in terms of the total imports with a X% share, followed by Bangladesh (X%), Bhutan (X%) and Nepal (X%). Sri Lanka (X square meters) followed a long way behind the leaders.

From 2012 to 2023, the biggest increases were recorded for Maldives (with a CAGR of X%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, India ($X) constitutes the largest market for imported endless bands for machinery, of stainless steel in Southern Asia, comprising X% of total imports. The second position in the ranking was held by Bangladesh ($X), with a X% share of total imports. It was followed by Pakistan, with an X% share.

From 2012 to 2023, the average annual growth rate of value in India amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: Bangladesh (X% per year) and Pakistan (X% per year).

Import Prices by Country

In 2023, the import price in Southern Asia amounted to $X per square meter, falling by X% against the previous year. In general, the import price, however, enjoyed a resilient expansion. The pace of growth appeared the most rapid in 2018 when the import price increased by X%. The level of import peaked at $X per square meter in 2020; however, from 2021 to 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Sri Lanka ($X per square meter), while Maldives ($X per square meter) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Bhutan (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform