India: Telephone Apparatus Market 2024

Telephone Apparatus Market Size in India

In 2022, the Indian telephone apparatus market decreased by -1.2% to $X, falling for the fifth year in a row after six years of growth. Over the period under review, consumption saw a perceptible expansion. Telephone apparatus consumption peaked at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Telephone Apparatus Production in India

In value terms, telephone apparatus production expanded to $X in 2022 estimated in export price. Over the period under review, production showed resilient growth. The most prominent rate of growth was recorded in 2016 with an increase of 144% against the previous year. Telephone apparatus production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Telephone Apparatus Exports

Exports from India

In 2022, exports of telephone apparatus from India surged to X tons, picking up by 15% compared with the year before. Overall, exports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of 164% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, telephone apparatus exports skyrocketed to $X in 2022. In general, exports showed prominent growth. The most prominent rate of growth was recorded in 2019 with an increase of 110%. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the immediate term.

Exports by Country

The United States (X tons), China (X tons) and the United Arab Emirates (X tons) were the main destinations of telephone apparatus exports from India, together comprising 20% of total exports. The Netherlands, the UK, Hong Kong SAR, the Czech Republic, Russia, Vietnam, Germany, France, Japan and Saudi Arabia lagged somewhat behind, together accounting for a further 9.2%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Japan (with a CAGR of +35.5%), while the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X) remains the key foreign market for telephone apparatus exports from India, comprising 30% of total exports. The second position in the ranking was held by China ($X), with a 9.3% share of total exports. It was followed by the United States, with a 9.2% share.

From 2012 to 2021, the average annual growth rate of value to the United Arab Emirates totaled +17.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+16.7% per year) and the United States (+10.1% per year).

Export Prices by Country

The average telephone apparatus export price stood at $X per ton in 2021, surging by 12% against the previous year. Overall, the export price recorded a strong increase. The most prominent rate of growth was recorded in 2015 an increase of 221% against the previous year. The export price peaked at $X per ton in 2016; however, from 2017 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 Russia ($X per ton), while the average price for exports to the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+29.9%), while the prices for the other major destinations experienced more modest paces of growth.

Telephone Apparatus Imports

Imports into India

In 2022, overseas purchases of telephone apparatus were finally on the rise to reach X tons after three years of decline. Overall, imports, however, saw a perceptible contraction. The growth pace was the most rapid in 2017 when imports increased by 163%. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, telephone apparatus imports skyrocketed to $X in 2022. Over the period under review, total imports indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +24.8% against 2020 indices. The pace of growth appeared the most rapid in 2017 with an increase of 40%. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of telephone apparatus to India, with a 43% share of total imports. Moreover, telephone apparatus imports from China exceeded the figures recorded by the second-largest supplier, Hong Kong SAR (X tons), threefold. The third position in this ranking was taken by Vietnam (X tons), with a 7.6% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +7.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Hong Kong SAR (+45.9% per year) and Vietnam (+16.7% per year).

In value terms, China ($X) constituted the largest supplier of telephone apparatus to India, comprising 50% of total imports. The second position in the ranking was held by Hong Kong SAR ($X), with an 18% share of total imports. It was followed by Vietnam, with a 9.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +2.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Hong Kong SAR (+35.0% per year) and Vietnam (+12.5% per year).

Import Prices by Country

In 2021, the average telephone apparatus import price amounted to $X per ton, growing by 63% against the previous year. Overall, the import price saw buoyant growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+15.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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