India: Network Communications Equipment Market 2024

Network Communications Equipment Market Size in India

After two years of decline, the Indian network communications equipment market increased by 13% to $X in 2022. Over the period under review, consumption enjoyed a buoyant increase. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Network Communications Equipment Exports

Exports from India

In 2022, approx. X units of network communications equipment were exported from India; declining by -11.2% compared with the year before. Overall, exports faced a abrupt decrease. The most prominent rate of growth was recorded in 2021 when exports increased by 61%. Over the period under review, the exports hit record highs at X units in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, network communications equipment exports soared to $X in 2022. Over the period under review, exports saw a abrupt downturn. The most prominent rate of growth was recorded in 2019 with an increase of 100%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X units) was the main destination for network communications equipment exports from India, accounting for a 46% share of total exports. Moreover, network communications equipment exports to the United States exceeded the volume sent to the second major destination, Singapore (X units), threefold. The UK (X units) ranked third in terms of total exports with a 5.9% share.

From 2012 to 2022, the average annual growth rate of volume to the United States stood at -15.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (+14.4% per year) and the UK (-27.5% per year).

In value terms, Singapore ($X), the United States ($X) and Israel ($X) constituted the largest markets for network communications equipment exported from India worldwide, with a combined 52% share of total exports. The Netherlands, Hong Kong SAR, Japan, the UK, Malaysia, China and Australia lagged somewhat behind, together accounting for a further 19%.

In terms of the main countries of destination, the Netherlands, with a CAGR of +74.5%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average network communications equipment export price stood at $X per unit in 2022, rising by 33% against the previous year. Overall, the export price enjoyed buoyant growth. The pace of growth appeared the most rapid in 2019 an increase of 148% against the previous year. Over the period under review, the average export prices reached the peak figure 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 external markets. In 2022, amid the top suppliers, the country with the highest price was Israel ($X per unit), while the average price for exports to Australia ($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 Hong Kong SAR (+19.9%), while the prices for the other major destinations experienced more modest paces of growth.

Network Communications Equipment Imports

Imports into India

After two years of decline, purchases abroad of network communications equipment increased by 11% to X units in 2022. Over the period under review, imports saw a strong expansion. The pace of growth appeared the most rapid in 2018 when imports increased by 75% against the previous year. Imports peaked at X units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, network communications equipment imports rose rapidly to $X in 2022. Overall, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2019 when imports increased by 19% against the previous year. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

China (X units), the United States (X units) and Singapore (X units) were the main suppliers of network communications equipment imports to India, with a combined 87% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United States (with a CAGR of +33.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of network communications equipment to India, comprising 35% of total imports. The second position in the ranking was taken by China ($X), with an 18% share of total imports. It was followed by Singapore, with a 17% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States stood at +10.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+5.5% per year) and Singapore (-3.2% per year).

Import Prices by Country

The average network communications equipment import price stood at $X per unit in 2022, with an increase of 2.1% against the previous year. In general, the import price, however, faced a deep reduction. The growth pace was the most rapid in 2020 when the average import price increased by 9.1% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a 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 Taiwan (Chinese) ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+5.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :