Southern Asia: Market for Machinery for Liquefying Air or Gases 2024

Market Size for Machinery for Liquefying Air or Gases in Southern Asia

The South Asian air or gas liquefier market surged to $X in 2023, jumping by X% against the previous year. The total consumption indicated a notable 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, consumption decreased by X% against 2021 indices. Over the period under review, the market attained the peak level at $X in 2021; however, from 2022 to 2023, consumption failed to regain momentum.

Production of Machinery for Liquefying Air or Gases in Southern Asia

In value terms, air or gas liquefier production amounted to $X in 2023 estimated in export price. The total production indicated prominent growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2021 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2022 to 2023, production growth failed to regain momentum.

Exports of Machinery for Liquefying Air or Gases

Exports in Southern Asia

In 2023, after two years of growth, there was significant decline in overseas shipments of machinery for liquefying air or gases, when their volume decreased by X% to X units. Overall, exports, however, showed significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports reached the peak figure at X units in 2022, and then declined significantly in the following year.

In value terms, air or gas liquefier exports dropped notably to $X in 2023. In general, exports, however, saw a significant increase. The pace of growth was the most pronounced in 2021 when exports increased by X%. The level of export peaked at $X in 2022, and then fell remarkably in the following year.

Exports by Country

The biggest shipments were from India (X units), together resulting at X% of total export.

India was also the fastest-growing in terms of the machinery for liquefying air or gases exports, with a CAGR of X% from 2012 to 2023. From 2012 to 2023, the share of India increased by X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest air or gas liquefier supplier in Southern Asia.

In India, air or gas liquefier exports increased at an average annual rate of X% over the period from 2012-2023.

Export Prices by Country

In 2023, the export price in Southern Asia amounted to $X per unit, which is down by X% against the previous year. In general, the export price showed a perceptible slump. The most prominent rate of growth was recorded in 2019 an increase of X%. As a result, the export price reached the peak level of $X per unit. From 2020 to 2023, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for India.

From 2012 to 2023, the rate of growth in terms of prices for India amounted to X% per year.

Imports of Machinery for Liquefying Air or Gases

Imports in Southern Asia

For the third consecutive year, Southern Asia recorded growth in overseas purchases of machinery for liquefying air or gases, which increased by X% to X units in 2023. In general, imports showed a buoyant increase. The most prominent rate of growth was recorded in 2021 when imports increased by X%. The volume of import peaked in 2023 and is likely to see gradual growth in the near future.

In value terms, air or gas liquefier imports surged to $X in 2023. Over the period under review, imports showed a temperate increase. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2023 and are expected to retain growth in the near future.

Imports by Country

In 2023, India (X units) represented the largest importer of machinery for liquefying air or gases, making up X% of total imports. It was distantly followed by Bangladesh (X units), mixing up a X% share of total imports. Bhutan (X units) took a minor share of total imports.

From 2012 to 2023, average annual rates of growth with regard to air or gas liquefier imports into India stood at X%. At the same time, Bhutan (X%) and Bangladesh (X%) displayed positive paces of growth. Moreover, Bhutan emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of X% from 2012-2023. While the share of India (X p.p.) and Bhutan (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Bangladesh (X p.p.) displayed negative dynamics.

In value terms, India ($X) constitutes the largest market for imported machinery for liquefying air or gases in Southern Asia, comprising X% of total imports. The second position in the ranking was held by Bangladesh ($X), with an X% share of total imports.

In India, air or gas liquefier imports increased at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Bangladesh (X% per year) and Bhutan (X% per year).

Import Prices by Country

In 2023, the import price in Southern Asia amounted to $X per unit, shrinking by X% against the previous year. In general, the import price showed a abrupt slump. The pace of growth appeared the most rapid in 2018 an increase of X% against the previous year. Over the period under review, import prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was India ($X per unit), while Bhutan ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Bangladesh (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform