India: Electric Soldering Iron Market 2024

Electric Soldering Iron Market Size in India

The Indian electric soldering iron market fell to $X in 2022, which is down by X% against the previous year. Overall, consumption showed a abrupt shrinkage. Electric soldering iron consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Electric Soldering Iron Production in India

In value terms, electric soldering iron production totaled $X in 2022 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. Over the period under review, production reached the peak level in 2022 and is likely to continue growth in the immediate term.

Electric Soldering Iron Exports

Exports from India

In 2022, exports of electric soldering irons and guns from India skyrocketed to X units, with an increase of X% on 2021 figures. In general, exports posted significant growth. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, electric soldering iron exports skyrocketed to $X in 2022. Over the period under review, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2017 when exports increased by X%. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

China (X units) was the main destination for electric soldering iron exports from India, accounting for a X% share of total exports. Moreover, electric soldering iron exports to China exceeded the volume sent to the second major destination, Nigeria (X units), twofold. The United Arab Emirates (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to China stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nigeria (X% per year) and the United Arab Emirates (X% per year).

In value terms, China ($X) emerged as the key foreign market for electric soldering irons and guns exports from India, comprising X% of total exports. The second position in the ranking was taken by Kenya ($X), with a X% share of total exports. It was followed by the United Arab Emirates, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to China amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kenya (X% per year) and the United Arab Emirates (X% per year).

Export Prices by Country

The average electric soldering iron export price stood at $X per unit in 2022, dropping by X% against the previous year. Over the period under review, the export price faced a abrupt decrease. The pace of growth was the most pronounced in 2014 when the average export price increased by X%. Over the period under review, the average export prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Mexico ($X per unit), while the average price for exports to Jordan ($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 Mexico (X.9%), while the prices for the other major destinations experienced more modest paces of growth.

Electric Soldering Iron Imports

Imports into India

In 2022, supplies from abroad of electric soldering irons and guns increased by X% to X units, rising for the third year in a row after two years of decline. Over the period under review, imports recorded buoyant growth. The pace of growth appeared the most rapid in 2017 when imports increased by X% against the previous year. As a result, imports attained the peak of X units. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, electric soldering iron imports soared to $X in 2022. Overall, imports posted a resilient increase. The pace of growth was the most pronounced in 2017 when imports increased by X%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, Japan (X units) constituted the largest supplier of electric soldering iron to India, accounting for a X% share of total imports. Moreover, electric soldering iron imports from Japan exceeded the figures recorded by the second-largest supplier, China (X units), twofold. The third position in this ranking was held by the Netherlands (X units), with a X% share.

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

In value terms, the largest electric soldering iron suppliers to India were China ($X), the Netherlands ($X) and Spain ($X), together comprising X% of total imports.

The Netherlands, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of 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 electric soldering iron import price amounted to $X per unit, rising by X% against the previous year. Overall, the import price posted perceptible growth. The growth pace was the most rapid in 2019 an increase of X%. As a result, import price attained the peak level of $X per unit. From 2020 to 2022, the average import prices remained at a somewhat lower figure.

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 Spain ($X per unit), while the price for Singapore ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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