India - Spades And Shovels - Market Analysis, Forecast, Size, Trends And Insights
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View PricingSpades and Shovels Price in India - 2023
Contents:
- Spades and Shovels Price in India (FOB) - 2023
- Spades and Shovels Price in India (CIF) - 2023
- Spades and Shovels Exports in India
- Spades and Shovels Imports in India
Spades and Shovels Price in India (FOB) - 2023
The average spades and shovels export price stood at $1,990 per ton in July 2023, declining by -4.4% against the previous month. Overall, the export price showed a perceptible descent. The pace of growth appeared the most rapid in April 2023 when the average export price increased by 29% m-o-m. As a result, the export price attained the peak level of $3,068 per ton. From May 2023 to July 2023, the the average export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was the United States ($3,847 per ton), while the average price for exports to Bangladesh ($508 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+0.9%), while the prices for the other major destinations experienced mixed trend patterns.
Spades and Shovels Price in India (CIF) - 2023
In July 2023, the average spades and shovels import price amounted to $1,186 per ton, reducing by -80.1% against the previous month. Over the period under review, the import price continues to indicate a deep downturn. The most prominent rate of growth was recorded in June 2023 when the average import price increased by 383% against the previous month. As a result, import price attained the peak level of $5,960 per ton, and then dropped dramatically in the following month.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($2,202 per ton), while the price for China amounted to $1,132 per ton.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by the United States (-7.2%).
Spades and Shovels Exports in India
In 2022, the amount of spades and shovels exported from India shrank significantly to 5.5K tons, with a decrease of -19.3% on the previous year's figure. Over the period under review, total exports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +8.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +29.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 61%. As a result, the exports attained the peak of 6.8K tons, and then reduced dramatically in the following year.
In value terms, spades and shovels exports shrank to $14M in 2022. In general, total exports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +14.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +58.7% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 67%. As a result, the exports reached the peak of $15M, and then dropped in the following year.
Export of Spades and Shovels in India (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United Kingdom | 6.5 | 6.0 | 10.9 | 10.2 | 16.2% |
Netherlands | 0.4 | 0.2 | 0.7 | 0.7 | 20.5% |
United States | 0.4 | 0.6 | 0.7 | 0.6 | 14.5% |
Bangladesh | 0.3 | 0.5 | 0.6 | 0.6 | 26.0% |
Canada | 0.7 | 0.5 | 0.5 | 0.5 | -10.6% |
Others | 1.1 | 0.9 | 1.3 | 1.3 | 5.7% |
Total | 9.3 | 8.8 | 14.7 | 13.9 | 14.3% |
Top Export Markets for Spades and Shovels from India in 2022:
- United Kingdom (3472.4 tons)
- Bangladesh (959.4 tons)
- Netherlands (216.6 tons)
- United States (188.3 tons)
- Canada (152.8 tons)
Spades and Shovels Imports in India
In 2022, supplies from abroad of spades and shovels decreased by -96.5% to 45 tons, falling for the second consecutive year after two years of growth. Over the period under review, imports faced a significant decline. The pace of growth appeared the most rapid in 2020 with an increase of 87% against the previous year. As a result, imports reached the peak of 1.7K tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, spades and shovels imports shrank significantly to $86K in 2022. In general, imports recorded a sharp reduction. The most prominent rate of growth was recorded in 2020 with an increase of 67% against the previous year.
Import of Spades and Shovels in India (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 1.2 | 2.0 | 2.3 | 0.1 | -56.3% |
Others | N/A | N/A | 0.1 | N/A | 0% |
Total | 1.2 | 2.1 | 2.4 | 0.1 | -56.3% |
Top Suppliers of Spades and Shovels to India in 2022:
- China (44.2 tons)
This report provides an in-depth analysis of the spades and shovels market in India. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 25731010 - Spades and shovels
Country coverage:
- India
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in India
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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