India: Transmission Apparatus Market 2025

Transmission Apparatus Market Size in India

The Indian transmission apparatus market fell to $X in 2021, declining by -9% against the previous year. The market value increased at an average annual rate of +1.8% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2020, and then shrank in the following year.

Transmission Apparatus Production in India

In value terms, transmission apparatus production declined to $X in 2021 estimated in export price. In general, production showed a remarkable increase. The pace of growth appeared the most rapid in 2015 when the production volume increased by 55%. Transmission apparatus production peaked at $X in 2020, and then dropped in the following year.

Transmission Apparatus Exports

Exports from India

Transmission apparatus exports from India skyrocketed to X tons in 2021, with an increase of 60% on 2020 figures. Over the period under review, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 634%. The exports peaked in 2021 and are expected to retain growth in years to come.

In value terms, transmission apparatus exports surged to $X in 2021. In general, exports posted a buoyant expansion. The most prominent rate of growth was recorded in 2018 with an increase of 684%. Over the period under review, the exports attained the peak figure in 2021 and are likely to continue growth in years to come.

Exports by Country

The United Arab Emirates (X tons) was the main destination for transmission apparatus exports from India, accounting for a 69% share of total exports. Moreover, transmission apparatus exports to the United Arab Emirates exceeded the volume sent to the second major destination, the UK (X tons), more than tenfold. The third position in this ranking was taken by Russia (X tons), with a 4.2% share.

From 2012 to 2021, the average annual growth rate of volume to the United Arab Emirates totaled +2.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+14.3% per year) and Russia (+1.5% per year).

In value terms, the United Arab Emirates ($X) remains the key foreign market for transmission apparatus incorporating reception apparatus exports from India, comprising 47% of total exports. The second position in the ranking was held by the UK ($X), with a 7.4% share of total exports. It was followed by Russia, with a 6.8% share.

From 2012 to 2021, the average annual growth rate of value to the United Arab Emirates stood at +12.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+22.1% per year) and Russia (+7.6% per year).

Export Prices by Country

In 2021, the average transmission apparatus export price amounted to $X per ton, picking up by 2% against the previous year. Over the last nine years, it increased at an average annual rate of +6.1%. The most prominent rate of growth was recorded in 2013 an increase of 51%. The export price peaked in 2021 and is likely to continue growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to the United Arab Emirates ($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 Japan (+15.7%), while the prices for the other major destinations experienced more modest paces of growth.

Transmission Apparatus Imports

Imports into India

In 2021, approx. X tons of transmission apparatus incorporating reception apparatus were imported into India; declining by -36% against 2020 figures. In general, imports recorded a deep reduction. The most prominent rate of growth was recorded in 2020 when imports increased by 106% against the previous year. Imports peaked at X tons in 2015; however, from 2016 to 2021, imports failed to regain momentum.

In value terms, transmission apparatus imports contracted dramatically to $X in 2021. Over the period under review, imports showed a abrupt slump. The pace of growth was the most pronounced in 2020 with an increase of 142% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), the United Arab Emirates (X tons) and Vietnam (X tons) were the main suppliers of transmission apparatus imports to India, with a combined 87% share of total imports.

From 2012 to 2021, the biggest increases were recorded for the United Arab Emirates (with a CAGR of -3.0%), while purchases for the other leaders experienced a decline.

In value terms, China ($X) constituted the largest supplier of transmission apparatus incorporating reception apparatus to India, comprising 46% of total imports. The second position in the ranking was held by Vietnam ($X), with a 21% share of total imports. It was followed by the United Arab Emirates, with an 18% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at -15.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (-1.5% per year) and the United Arab Emirates (+10.3% per year).

Import Prices by Country

In 2021, the average transmission apparatus import price amounted to $X per ton, growing by 11% against the previous year. Overall, import price indicated a prominent increase from 2012 to 2021: its price increased at an average annual rate of +7.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, transmission apparatus import price increased by +44.7% against 2016 indices. The most prominent rate of growth was recorded in 2013 an increase of 27%. Over the period under review, average import prices reached the peak figure in 2021 and is likely to see gradual growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+13.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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