India: Market for Electronic Instruments And Machines For Measuring Geometrical Quantities 2024

Market Size for Electronic Instruments And Machines For Measuring Geometrical Quantities in India

In 2022, the Indian geometrical quantities electronic measurer market increased by 8% to $X for the first time since 2017, thus ending a four-year declining trend. Overall, consumption, however, continues to indicate a noticeable curtailment. Over the period under review, the market reached the peak level at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Production of Electronic Instruments And Machines For Measuring Geometrical Quantities in India

In value terms, geometrical quantities electronic measurer production reached $X in 2022 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of 29% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

Exports of Electronic Instruments And Machines For Measuring Geometrical Quantities

Exports from India

In 2022, overseas shipments of electronic instruments and machines for measuring geometrical quantities increased by 8.8% to X units, rising for the second consecutive year after two years of decline. In general, total exports indicated a remarkable increase from 2012 to 2022: its volume increased at an average annual rate of +7.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +60.1% against 2020 indices. The pace of growth was the most pronounced in 2021 when exports increased by 47%. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, geometrical quantities electronic measurer exports reached $X in 2022. Overall, exports enjoyed a resilient increase. The most prominent rate of growth was recorded in 2013 when exports increased by 46% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

The United States (X units), the United Arab Emirates (X units) and Germany (X units) were the main destinations of geometrical quantities electronic measurer exports from India, with a combined 37% share of total exports. Hong Kong SAR, China, Taiwan (Chinese), Singapore, Israel, Japan, the UK, Oman, South Korea and Bangladesh lagged somewhat behind, together accounting for a further 34%.

From 2012 to 2022, the biggest increases were recorded for Taiwan (Chinese) (with a CAGR of +22.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for electronic instruments and machines for measuring geometrical quantities exports from India, comprising 19% of total exports. The second position in the ranking was held by Germany ($X), with a 9.3% share of total exports. It was followed by Hong Kong SAR, with a 7.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States stood at +10.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+3.3% per year) and Hong Kong SAR (+8.0% per year).

Export Prices by Country

In 2022, the average geometrical quantities electronic measurer export price amounted to $X per unit, with a decrease of -7.6% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.9%. The pace of growth was the most pronounced in 2015 when the average export price increased by 14% against the previous year. Over the period under review, the average export prices reached the maximum at $X per unit in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per unit), while the average price for exports to Oman ($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 Taiwan (Chinese) (+2.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Electronic Instruments And Machines For Measuring Geometrical Quantities

Imports into India

In 2022, approx. X units of electronic instruments and machines for measuring geometrical quantities were imported into India; surging by 1.5% on the previous year. Over the period under review, imports enjoyed buoyant growth. The pace of growth appeared the most rapid in 2018 when imports increased by 38%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, geometrical quantities electronic measurer imports expanded sharply to $X in 2022. In general, total imports indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +11.9% against 2020 indices. The most prominent rate of growth was recorded in 2018 with an increase of 32% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.

Imports by Country

China (X units), Germany (X units) and Japan (X units) were the main suppliers of geometrical quantities electronic measurer imports to India, with a combined 47% share of total imports. The United States, South Korea, Vietnam, Italy, Singapore, the UK, Switzerland, Taiwan (Chinese), Austria and France lagged somewhat behind, together comprising a further 38%.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of +64.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest geometrical quantities electronic measurer suppliers to India were China ($X), Germany ($X) and Japan ($X), together comprising 49% of total imports. The United States, South Korea, Italy, Singapore, the UK, Switzerland, Taiwan (Chinese), Austria, France and Vietnam lagged somewhat behind, together comprising a further 37%.

In terms of the main suppliers, Vietnam, with a CAGR of +41.0%, recorded the highest rates of growth with regard to the value of imports, 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 geometrical quantities electronic measurer import price amounted to $X per unit, with an increase of 6.4% against the previous year. In general, the import price, however, recorded a perceptible decline. Over the period under review, average import prices reached the maximum at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 Taiwan (Chinese) ($X per unit), while the price for Vietnam ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (-3.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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