India: Timer Market 2025

Timer Market Size in India

The Indian timer market fell to $X in 2022, reducing by -5.5% against the previous year. Over the period under review, consumption continues to indicate a pronounced downturn. The most prominent rate of growth was recorded in 2021 when the market value increased by 9.7%. Timer consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Timer Production in India

In value terms, timer production dropped to $X in 2022 estimated in export price. Overall, production saw a pronounced setback. The growth pace was the most rapid in 2021 when the production volume increased by 6.8% against the previous year. Timer production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Timer Exports

Exports from India

In 2022, after two years of growth, there was significant decline in shipments abroad of timers, when their volume decreased by -37.5% to X units. In general, exports, however, enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2014 with an increase of 1,064% against the previous year. As a result, the exports attained the peak of X units. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, timer exports declined dramatically to $X in 2022. Over the period under review, exports, however, showed a tangible expansion. The pace of growth was the most pronounced in 2014 when exports increased by 576% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United States (X units), Eritrea (X units) and Tanzania (X units) were the main destinations of timer exports from India, together comprising 63% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of +44.4%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), the UK ($X) and the Netherlands ($X) constituted the largest markets for timer exported from India worldwide, with a combined 67% share of total exports.

Among the main countries of destination, the United States, with a CAGR of +36.4%, 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 timer export price stood at $X per unit in 2022, dropping by -16.3% against the previous year. In general, the export price continues to indicate a pronounced downturn. The most prominent rate of growth was recorded in 2016 an increase of 372% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per unit), while the average price for exports to Eritrea ($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 Tanzania (+2.1%), while the prices for the other major destinations experienced mixed trend patterns.

Timer Imports

Imports into India

Timer imports into India dropped notably to X units in 2022, which is down by -70.2% on the year before. In general, imports recorded a perceptible curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 287%. As a result, imports reached the peak of X units, and then fell dramatically in the following year.

In value terms, timer imports fell significantly to $X in 2022. Overall, imports continue to indicate a pronounced downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 345% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest timer supplier to India, with a 73% share of total imports. Moreover, timer imports from China exceeded the figures recorded by the second-largest supplier, the Netherlands (X units), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled -6.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+65.4% per year) and South Korea (-14.8% per year).

In value terms, the Netherlands ($X), China ($X) and South Korea ($X) were the largest timer suppliers to India, with a combined 90% share of total imports.

In terms of the main suppliers, the Netherlands, with a CAGR of +25.7%, 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 a decline.

Import Prices by Country

In 2022, the average timer import price amounted to $X per unit, jumping by 75% against the previous year. Overall, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2015 an increase of 138%. As a result, import price attained the peak level of $X per unit. From 2016 to 2022, the average 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 South Korea ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+3.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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