India: Magnetic Media Market 2024

Magnetic Media Market Size in India

After two years of growth, the Indian magnetic media market decreased by -30% to $X in 2021. Over the period under review, consumption, however, saw a deep setback. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Magnetic Media Production in India

In value terms, magnetic media production reached $X in 2021 estimated in export price. In general, the total production indicated temperate growth from 2012 to 2021: its value increased at an average annual rate of +3.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -8.7% against 2019 indices. The pace of growth was the most pronounced in 2017 with an increase of 38% against the previous year. Magnetic media production peaked at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Magnetic Media Exports

Exports from India

In 2021, shipments abroad of magnetic media, not recorded, except cards with a magnetic stripe decreased by -29.2% to X units, falling for the third year in a row after two years of growth. Overall, exports recorded a dramatic shrinkage. The pace of growth appeared the most rapid in 2017 when exports increased by 88%. The exports peaked at X units in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, magnetic media exports reduced dramatically to $X in 2021. In general, exports continue to indicate a sharp shrinkage. The growth pace was the most rapid in 2017 when exports increased by 53%. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

China (X units), Singapore (X units) and France (X units) were the main destinations of magnetic media exports from India, together comprising 46% 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 China (with a CAGR of +119.1%), while the other leaders experienced more modest paces of growth.

In value terms, China ($X) emerged as the key foreign market for magnetic media, not recorded, except cards with a magnetic stripe exports from India, comprising 32% of total exports. The second position in the ranking was taken by Vietnam ($X), with a 12% share of total exports. It was followed by the United States, with a 12% share.

From 2012 to 2021, the average annual growth rate of value to China stood at +91.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (+99.0% per year) and the United States (-9.9% per year).

Export Prices by Country

In 2021, the average magnetic media export price amounted to $X per unit, falling by -33.1% against the previous year. Overall, the export price faced a abrupt contraction. The pace of growth was the most pronounced in 2020 when the average export price increased by 57%. Over the period under review, the average export prices attained the peak figure at $X per unit in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per unit), while the average price for exports to Nepal ($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 Vietnam (+4.5%), while the prices for the other major destinations experienced a decline.

Magnetic Media Imports

Imports into India

In 2021, purchases abroad of magnetic media, not recorded, except cards with a magnetic stripe was finally on the rise to reach X units after six years of decline. Overall, imports, however, faced a sharp downturn. The most prominent rate of growth was recorded in 2014 with an increase of 24%. Over the period under review, imports reached the maximum at X units in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, magnetic media imports declined to $X in 2021. Over the period under review, imports, however, showed a deep slump. The pace of growth was the most pronounced in 2017 with an increase of 4.6% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Japan (X units) constituted the largest supplier of magnetic media to India, with a 55% share of total imports. Moreover, magnetic media imports from Japan exceeded the figures recorded by the second-largest supplier, the United States (X units), threefold. Hong Kong SAR (X units) ranked third in terms of total imports with an 8.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Japan stood at -27.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+19.7% per year) and Hong Kong SAR (+27.3% per year).

In value terms, the largest magnetic media suppliers to India were the United States ($X), Japan ($X) and Hong Kong SAR ($X), with a combined 68% share of total imports.

In terms of the main suppliers, Hong Kong SAR, with a CAGR of +24.6%, 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 magnetic media import price stood at $X per unit in 2021, with a decrease of -24.4% against the previous year. Overall, the import price, however, posted buoyant growth. The most prominent rate of growth was recorded in 2018 an increase of 81%. The import price peaked at $X per unit in 2020, and then dropped remarkably in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Mexico ($X per unit), while the price for Japan ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+7.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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