India: Off-Highway Dumper Market 2024

Off-Highway Dumper Market Size in India

The Indian off-highway dumper market shrank to $X,407.8B in 2022, with a decrease of X% against the previous year. Overall, consumption enjoyed a prominent expansion. As a result, consumption reached the peak level of $X,224.1B. From 2020 to 2022, the growth of the market failed to regain momentum.

Off-Highway Dumper Production in India

In value terms, off-highway dumper production contracted modestly to $X,080.1B in 2022 estimated in export price. Over the period under review, production recorded a prominent increase. The most prominent rate of growth was recorded in 2019 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X,720.7B. From 2020 to 2022, production growth failed to regain momentum.

Off-Highway Dumper Exports

Exports from India

In 2022, overseas shipments of dumpers for off-highway use increased by X% to X units, rising for the second consecutive year after three years of decline. In general, exports, however, saw a pronounced reduction. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, off-highway dumper exports surged to $X in 2022. Overall, exports, however, showed a slight descent. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Indonesia (X units) was the main destination for off-highway dumper exports from India, with a X% share of total exports. Moreover, off-highway dumper exports to Indonesia exceeded the volume sent to the second major destination, South Africa (X units), threefold. The third position in this ranking was held by Belgium (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Indonesia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Africa (X% per year) and Belgium (X% per year).

In value terms, Indonesia ($X) remains the key foreign market for dumpers for off-highway use exports from India, comprising X% of total exports. The second position in the ranking was taken by South Africa ($X), with a X% share of total exports. It was followed by Belgium, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Indonesia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Africa (X% per year) and Belgium (X% per year).

Export Prices by Country

In 2022, the average off-highway dumper export price amounted to $X per unit, rising by X% against the previous year. Overall, the export price continues to indicate temperate growth. The growth pace was the most rapid in 2018 when the average export price increased by X%. Over the period under review, the average export prices reached the peak figure at $X per unit in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Tanzania (X%), while the prices for the other major destinations experienced more modest paces of growth.

Off-Highway Dumper Imports

Imports into India

In 2022, approx. X units of dumpers for off-highway use were imported into India; with a decrease of X% against the previous year's figure. Over the period under review, imports, however, saw a prominent increase. The pace of growth was the most pronounced in 2020 when imports increased by X% against the previous year. As a result, imports attained the peak of X units. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, off-highway dumper imports contracted notably to $X in 2022. In general, imports, however, showed resilient growth. The most prominent rate of growth was recorded in 2020 when imports increased by X%. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest off-highway dumper supplier to India, with a X% share of total imports. Moreover, off-highway dumper imports from China exceeded the figures recorded by the second-largest supplier, Finland (X units), threefold. The third position in this ranking was held by Thailand (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Finland (X% per year) and Thailand (X% per year).

In value terms, the largest off-highway dumper suppliers to India were Thailand ($X), China ($X) and Finland ($X), with a combined X% share of total imports.

Thailand, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average off-highway dumper import price amounted to $X per unit, with a decrease of X% against the previous year. Overall, the import price showed a perceptible slump. The most prominent rate of growth was recorded in 2016 when the average import price increased by X%. Over the period under review, average import prices reached the maximum at $X per unit in 2021, and then fell remarkably in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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