India: Electronic Lamp Machine Market 2024

Electronic Lamp Machine Market Size in India

The Indian electronic lamp machine market expanded modestly to $X in 2021, surging by 2% against the previous year. The market value increased at an average annual rate of +1.3% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. Over the period under review, the market hit record highs in 2021 and is likely to see gradual growth in years to come.

Electronic Lamp Machine Production in India

In value terms, electronic lamp machine production rose 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; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 when the production volume increased by 3.3% against the previous year. Electronic lamp machine production peaked at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Electronic Lamp Machine Exports

Exports from India

In 2021, approx. X units of machines for electric or electronic lamps, tubes, valves or flashbulbs were exported from India; picking up by 10% on 2020 figures. In general, exports, however, saw a precipitous shrinkage. The most prominent rate of growth was recorded in 2015 when exports increased by 1,540%. The exports peaked at X units in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, electronic lamp machine exports skyrocketed to $X in 2021. Overall, exports, however, showed a precipitous curtailment. The pace of growth was the most pronounced in 2018 with an increase of 279%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

The United Arab Emirates (X units) was the main destination for electronic lamp machine exports from India, accounting for a 55% share of total exports. Moreover, electronic lamp machine exports to the United Arab Emirates exceeded the volume sent to the second major destination, Bhutan (X units), threefold. Nepal (X units) ranked third in terms of total exports with an 18% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United Arab Emirates amounted to +4.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bhutan (0.0% per year) and Nepal (0.0% per year).

In value terms, Nepal ($X) remains the key foreign market for electronic lamp machine exports from India, comprising 69% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 22% share of total exports. It was followed by the United States, with a 5.5% share.

From 2012 to 2021, the average annual growth rate of value to Nepal stood at -1.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+24.2% per year) and the United States (-31.7% per year).

Export Prices by Country

In 2021, the average electronic lamp machine export price amounted to $X per unit, increasing by 104% against the previous year. In general, the export price showed a significant expansion. The pace of growth was the most pronounced in 2017 when the average export price increased by 4,281% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2018 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Nepal ($X per unit), while the average price for exports to Bhutan ($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 Bangladesh (+20.1%), while the prices for the other major destinations experienced more modest paces of growth.

Electronic Lamp Machine Imports

Imports into India

In 2021, supplies from abroad of machines for electric or electronic lamps, tubes, valves or flashbulbs increased by 29% to X units, rising for the second year in a row after two years of decline. Overall, imports, however, recorded a dramatic downturn. The pace of growth was the most pronounced in 2017 when imports increased by 62% against the previous year. Imports peaked at X units in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, electronic lamp machine imports soared to $X in 2021. Over the period under review, imports, however, continue to indicate a deep setback. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Italy (X units), China (X units) and the United Arab Emirates (X units) were the main suppliers of electronic lamp machine imports to India, together accounting for 87% of total imports. These countries were followed by Taiwan (Chinese), the UK and Hong Kong SAR, which together accounted for a further 11%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the UK (with a CAGR of +100.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X) constituted the largest supplier of electronic lamp machine to India, comprising 69% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 6.9% share of total imports. It was followed by China, with a 4.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Italy totaled +30.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (0.0% per year) and China (-24.9% per year).

Import Prices by Country

The average electronic lamp machine import price stood at $X per unit in 2021, growing by 80% against the previous year. In general, the import price continues to indicate a resilient increase. The most prominent rate of growth was recorded in 2013 an increase of 947% against the previous year. As a result, import price reached the peak level of $X per unit. From 2014 to 2021, the average import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Italy ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+9.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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