Price for Vehicles; Mobile Drilling Derricks in India - 2023

Contents:

1. Price for Vehicles; Mobile Drilling Derricks in India (FOB) - 2023
2. Price for Vehicles; Mobile Drilling Derricks in India (CIF) - 2022
3. Exports of Vehicles; Mobile Drilling Derricks in India
4. Imports of Vehicles; Mobile Drilling Derricks in India

Price for Vehicles; Mobile Drilling Derricks in India (FOB) - 2023

In September 2023, the average vehicles; mobile drilling derricks export price amounted to $130K per unit, approximately mirroring the previous month. In general, the export price showed a remarkable increase. The growth pace was the most rapid in April 2023 an increase of 102% month-to-month. The export price peaked at $130K per unit in July 2023; afterwards, it flattened through to September 2023.

Prices varied noticeably by the country of destination: the country with the highest price was Somalia ($189K per unit), while the average price for exports to Ghana ($88,647 per unit) was amongst the lowest.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Cote d'Ivoire (+11.0%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Vehicles; Mobile Drilling Derricks in India (CIF) - 2022

In 2022, the average vehicles; mobile drilling derricks import price amounted to $91,231 per unit, dropping by -31.7% against the previous year. Over the period under review, the import price, however, showed temperate growth. The pace of growth appeared the most rapid in 2021 when the average import price increased by 284%. As a result, import price reached the peak level of $133,670 per unit, and then fell markedly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($204,833 per unit), while the price for Singapore ($12,721 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+13.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Vehicles; Mobile Drilling Derricks in India

After three years of growth, overseas shipments of vehicles; mobile drilling derrickses decreased by -44.1% to 52 units in 2022. Over the period under review, exports, however, showed resilient growth. The pace of growth was the most pronounced in 2021 when exports increased by 138% against the previous year. As a result, the exports reached the peak of 93 units, and then shrank sharply in the following year.

In value terms, vehicles; mobile drilling derricks exports declined notably to $2.8M in 2022. In general, exports, however, continue to indicate significant growth. The pace of growth appeared the most rapid in 2021 when exports increased by 319% against the previous year. As a result, the exports reached the peak of $5.2M, and then reduced sharply in the following year.

Top Export Markets for Vehicles; Mobile Drilling Derricks from India in 2022:

1. Ghana (17.0 units)
2. Zambia (8.0 units)
3. Senegal (5.0 units)
4. Cameroon (5.0 units)
5. Guinea (3.0 units)
6. Cote d'Ivoire (3.0 units)
7. Algeria (2.0 units)
8. Burkina Faso (2.0 units)
9. Liberia (1.0 units)
10. Oman (1.0 units)
11. South Sudan (1.0 units)
12. Mali (1.0 units)
13. Kenya (1.0 units)

Imports of Vehicles; Mobile Drilling Derricks in India

Vehicles; mobile drilling derricks imports into India was estimated at 5 units in 2022, approximately equating the previous year's figure. In general, imports showed a abrupt descent. The smallest decline of -22.2% was in 2020. Over the period under review, imports attained the peak figure at 9 units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, vehicles; mobile drilling derricks imports shrank remarkably to $456K in 2022. Overall, imports continue to indicate a drastic downturn. The pace of growth was the most pronounced in 2021 with an increase of 174% against the previous year. Imports peaked at $862K in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Top Suppliers of Vehicles; Mobile Drilling Derricks to India in 2022:

1. United States (1.0 units)
2. United Arab Emirates (1.0 units)
3. France (1.0 units)
4. China (1.0 units)
5. Singapore (1.0 units)

Source: IndexBox Market Intelligence Platform