India: Laser Market 2024

Laser Market Size in India

In 2021, the Indian laser market decreased by -5.9% to $X for the first time since 2016, thus ending a four-year rising trend. The market value increased at an average annual rate of +1.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Laser consumption peaked at $X in 2020, and then fell in the following year.

Laser Production in India

In value terms, laser production fell slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.1% over the period from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when the production volume increased by 12% against the previous year. Over the period under review, production reached the peak level at $X in 2020, and then shrank modestly in the following year.

Laser Exports

Exports from India

For the sixth year in a row, India recorded growth in shipments abroad of lasers, other than laser diodes, which increased by 154% to X units in 2021. Overall, exports enjoyed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, laser exports skyrocketed to $X in 2021. Over the period under review, exports showed a buoyant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X units), Vietnam (X units) and the United Arab Emirates (X units) were the main destinations of laser exports from India, with a combined 63% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Vietnam (with a CAGR of +165.1%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for laser exported from India were the United States ($X), Germany ($X) and Vietnam ($X), together comprising 61% of total exports. These countries were followed by China, the United Arab Emirates, South Africa and Bangladesh, which together accounted for a further 13%.

China, with a CAGR of +103.5%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average laser export price stood at $X per unit in 2021, falling by -21.6% against the previous year. Over the period under review, the export price showed a abrupt decline. The pace of growth was the most pronounced in 2015 when the average export price increased by 38%. As a result, the export price attained the peak level of $X per unit. From 2016 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Germany ($X per unit), while the average price for exports to Bangladesh ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to China (-0.7%), while the prices for the other major destinations experienced a decline.

Laser Imports

Imports into India

For the third year in a row, India recorded growth in overseas purchases of lasers, other than laser diodes, which increased by 56% to X units in 2021. In general, imports showed a significant expansion. The pace of growth appeared the most rapid in 2017 when imports increased by 162% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are likely to see steady growth in years to come.

In value terms, laser imports surged to $X in 2021. Over the period under review, imports recorded a resilient increase. The pace of growth was the most pronounced in 2017 when imports increased by 60%. Over the period under review, imports hit record highs in 2021 and are likely to see gradual growth in the near future.

Imports by Country

China (X units), Russia (X units) and Germany (X units) were the main suppliers of laser imports to India, together accounting for 61% of total imports.

From 2012 to 2021, the biggest increases were in Russia (with a CAGR of +117.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the United States ($X) and China ($X) were the largest laser suppliers to India, together comprising 71% of total imports. These countries were followed by Russia, the UK, Thailand, Singapore and France, which together accounted for a further 18%.

Among the main suppliers, Russia, with a CAGR of +65.0%, recorded the highest growth rate of 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

The average laser import price stood at $X per unit in 2021, dropping by -24.4% against the previous year. Overall, the import price recorded a abrupt decline. The most prominent rate of growth was recorded in 2015 when the average import price increased by 17%. As a result, import price attained the peak level of $X per unit. From 2016 to 2021, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Germany ($X per unit), while the price for the UK ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (-5.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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