India: Multi-Station Transfer Machine Market 2024

Multi-Station Transfer Machine Market Size in India

The Indian multi-station transfer machine market reduced remarkably to $X in 2023, waning by X% against the previous year. In general, consumption, however, recorded a buoyant expansion. Multi-station transfer machine consumption peaked at $X in 2022, and then reduced notably in the following year.

Multi-Station Transfer Machine Production in India

In value terms, multi-station transfer machine production shrank markedly to $X in 2023 estimated in export price. In general, production, however, saw a prominent increase. The growth pace was the most rapid in 2015 with an increase of X%. As a result, production reached the peak level of $X. From 2016 to 2023, production growth remained at a somewhat lower figure.

Multi-Station Transfer Machine Exports

Exports from India

In 2023, shipments abroad of multi-station transfer machines for working metal was finally on the rise to reach X units for the first time since 2017, thus ending a five-year declining trend. Over the period under review, exports saw a prominent increase. Over the period under review, the exports attained the maximum at X units in 2017; however, from 2018 to 2023, the exports remained at a lower figure.

In value terms, multi-station transfer machine exports contracted notably to $X in 2023. Overall, exports, however, recorded a abrupt shrinkage. The pace of growth appeared the most rapid in 2022 with an increase of X%. Over the period under review, the exports attained the peak figure at $X in 2015; however, from 2016 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Thailand (X units) was the main destination for multi-station transfer machine exports from India, with a X% share of total exports. Moreover, multi-station transfer machine exports to Thailand exceeded the volume sent to the second major destination, Uganda (X units), fourfold. The third position in this ranking was held by Nepal (X units), with an X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume to Thailand totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uganda (X% per year) and Nepal (X% per year).

In value terms, the largest markets for multi-station transfer machine exported from India were Thailand ($X), Uganda ($X) and Kenya ($X), together comprising X% of total exports.

Uganda, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average multi-station transfer machine export price stood at $X per unit in 2023, falling by X% against the previous year. Over the period under review, the export price continues to indicate a deep reduction. The most prominent rate of growth was recorded in 2022 when the average export price increased by X%. As a result, the export price reached the peak level of $X per unit, and then fell rapidly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Kenya ($X per unit), while the average price for exports to Thailand ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Uganda (X%), while the prices for the other major destinations experienced more modest paces of growth.

Multi-Station Transfer Machine Imports

Imports into India

In 2023, after two years of growth, there was significant decline in purchases abroad of multi-station transfer machines for working metal, when their volume decreased by X% to X units. Over the period under review, imports, however, recorded prominent growth. The most prominent rate of growth was recorded in 2022 when imports increased by X%. As a result, imports attained the peak of X units, and then shrank sharply in the following year.

In value terms, multi-station transfer machine imports declined modestly to $X in 2023. Overall, imports saw a pronounced descent. The most prominent rate of growth was recorded in 2018 when imports increased by X%. Imports peaked at $X in 2013; however, from 2014 to 2023, imports failed to regain momentum.

Imports by Country

In 2023, South Korea (X units) constituted the largest supplier of multi-station transfer machine to India, accounting for a X% share of total imports. Moreover, multi-station transfer machine imports from South Korea exceeded the figures recorded by the second-largest supplier, Italy (X units), fivefold. Japan (X units) ranked third in terms of total imports with an X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume from South Korea totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and Japan (X% per year).

In value terms, South Korea ($X) constituted the largest supplier of multi-station transfer machines for working metal to India, comprising X% of total imports. The second position in the ranking was held by Japan ($X), with a X% share of total imports. It was followed by China, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value from South Korea totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (X% per year) and China (X% per year).

Import Prices by Country

In 2023, the average multi-station transfer machine import price amounted to $X per unit, increasing by X% against the previous year. In general, the import price, however, faced a abrupt decrease. The growth pace was the most rapid in 2013 an increase of X% against the previous year. As a result, import price attained the peak level of $X per unit. From 2014 to 2023, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per unit), while the price for Italy ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform