India: Photo Camera Market 2025

Photo Camera Market Size in India

The Indian photo camera market surged to $X in 2022, growing by 50% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption enjoyed a tangible increase. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market remained at a somewhat lower figure.

Photo Camera Exports

Exports from India

In 2022, exports of photographic (other than cinematographic) cameras from India contracted slightly to X units, falling by -1.6% compared with the year before. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 when exports increased by 434% against the previous year. The exports peaked at X units in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, photo camera exports expanded remarkably to $X in 2022. In general, exports saw a abrupt contraction. The pace of growth was the most pronounced in 2013 with an increase of 211%. Over the period under review, the exports attained the maximum at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United Arab Emirates (X units) was the main destination for photo camera exports from India, accounting for a 59% share of total exports. Moreover, photo camera exports to the United Arab Emirates exceeded the volume sent to the second major destination, Singapore (X units), threefold. Hong Kong SAR (X units) ranked third in terms of total exports with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United Arab Emirates stood at +64.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (+2.6% per year) and Hong Kong SAR (-1.8% per year).

In value terms, the United Arab Emirates ($X) emerged as the key foreign market for photographic (other than cinematographic) cameras exports from India, comprising 33% of total exports. The second position in the ranking was held by the United States ($X), with a 16% share of total exports. It was followed by Singapore, with a 14% share.

From 2012 to 2022, the average annual growth rate of value to the United Arab Emirates stood at +41.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+8.4% per year) and Singapore (-13.1% per year).

Export Prices by Country

In 2022, the average photo camera export price amounted to $X per unit, surging by 15% against the previous year. Over the period under review, the export price, however, showed a abrupt shrinkage. The pace of growth appeared the most rapid in 2019 an increase of 198% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2016; however, from 2017 to 2022, 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 Germany ($X per unit), while the average price for exports to Thailand ($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 Germany (+42.8%), while the prices for the other major destinations experienced mixed trend patterns.

Photo Camera Imports

Imports into India

Photo camera imports into India skyrocketed to X units in 2022, surging by 39% against 2021 figures. Over the period under review, imports showed a remarkable increase. The pace of growth appeared the most rapid in 2019 when imports increased by 957% against the previous year. As a result, imports attained the peak of X units. From 2020 to 2022, the growth of imports failed to regain momentum.

In value terms, photo camera imports soared to $X in 2022. In general, imports, however, showed a mild contraction. The growth pace was the most rapid in 2019 when imports increased by 483% 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

In 2022, Hong Kong SAR (X units) constituted the largest photo camera supplier to India, with a 49% share of total imports. Moreover, photo camera imports from Hong Kong SAR exceeded the figures recorded by the second-largest supplier, China (X units), twofold. Thailand (X units) ranked third in terms of total imports with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Hong Kong SAR stood at +39.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+24.1% per year) and Thailand (+42.4% per year).

In value terms, the largest photo camera suppliers to India were China ($X), Thailand ($X) and South Korea ($X), with a combined 52% share of total imports. Hong Kong SAR, the Philippines and the United Arab Emirates lagged somewhat behind, together accounting for a further 18%.

In terms of the main suppliers, the Philippines, with a CAGR of +73.3%, saw 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

The average photo camera import price stood at $X per unit in 2022, with an increase of 21% against the previous year. In general, the import price, however, recorded a deep slump. The pace of growth appeared the most rapid in 2017 when the average import price increased by 176%. Over the period under review, average import prices attained 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 South Korea ($X per unit), while the price for Hong Kong SAR ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+66.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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