Southern Asia: Endless Machinery Band Market 2024

Endless Machinery Band Market Size in Southern Asia

The South Asian endless machinery band market contracted to $X in 2022, with a decrease of X% against the previous year. In general, consumption saw a perceptible contraction. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market remained at a lower figure.

Endless Machinery Band Production in Southern Asia

In value terms, endless machinery band production declined slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The growth pace was the most rapid in 2019 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X; afterwards, it flattened through to 2022.

Endless Machinery Band Exports

Exports in Southern Asia

Endless machinery band exports surged to X square meters in 2022, jumping by X% compared with the previous year. Over the period under review, exports enjoyed a moderate increase. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at X square meters in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, endless machinery band exports rose significantly to $X in 2022. Total exports indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2017 indices. The pace of growth appeared the most rapid in 2015 with an increase of X%. As a result, the exports reached the peak of $X. From 2016 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

India prevails in exports structure, finishing at X square meters, which was approx. X% of total exports in 2022. It was distantly followed by Sri Lanka (X square meters), comprising a X% share of total exports.

From 2012 to 2022, 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 2012-2022. From 2012 to 2022, the share of India and Sri Lanka increased by X and X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

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

In India, endless machinery band exports expanded at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

The export price in Southern Asia stood at $X per square meter in 2022, with a decrease of X% against the previous year. In general, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when the export price increased by X%. The level of export peaked at $X per square meter in 2021, and then declined slightly in the following year.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was India ($X per square meter), while Sri Lanka amounted to $X per square meter.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sri Lanka (X%).

Endless Machinery Band Imports

Imports in Southern Asia

In 2022, endless machinery band imports in Southern Asia declined to X square meters, reducing by X% on the previous year. Over the period under review, imports recorded a abrupt setback. The pace of growth appeared the most rapid in 2019 when imports increased by X%. Over the period under review, imports attained the peak figure at X square meters in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, endless machinery band imports declined to $X in 2022. In general, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2019 with an increase of X%. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports remained at a lower figure.

Imports by Country

India (X square meters) and Pakistan (X square meters) were the main importers of endless bands for machinery, of stainless steel in 2022, recording near X% and X% of total imports, respectively. Bangladesh (X square meters) ranks next in terms of the total imports with a X% share, followed by Nepal (X%) and Bhutan (X%). Sri Lanka (X square meters) held a relatively small share of total imports.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of X%), while purchases for the other leaders experienced a decline in the imports figures.

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

From 2012 to 2022, the average annual growth rate of value in India totaled X%. In the other countries, the average annual rates were as follows: Bangladesh (X% per year) and Pakistan (X% per year).

Import Prices by Country

In 2022, the import price in Southern Asia amounted to $X per square meter, approximately mirroring the previous year. In general, the import price enjoyed a prominent increase. The growth pace was the most rapid in 2014 when the import price increased by X% against the previous year. The level of import peaked at $X per square meter in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, 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

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