India: Video Monitor Market 2024

Video Monitor Market Size in India

The Indian video monitor market skyrocketed to $X in 2021, with an increase of 29% against the previous year. Over the period under review, the total consumption indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +5.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +82.2% against 2013 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Video Monitor Production in India

In value terms, video monitor production contracted to $X in 2021 estimated in export price. Over the period under review, production continues to indicate buoyant growth. The most prominent rate of growth was recorded in 2014 when the production volume increased by 19% against the previous year. Video monitor production peaked at $X in 2020, and then dropped in the following year.

Video Monitor Exports

Exports from India

After two years of decline, overseas shipments of video monitors increased by 33% to X units in 2021. In general, exports posted a slight expansion. The most prominent rate of growth was recorded in 2018 when exports increased by 218% against the previous year. As a result, the exports attained the peak of X units. From 2019 to 2021, the growth of the exports failed to regain momentum.

In value terms, video monitor exports surged to $X in 2021. The total export value increased at an average annual rate of +1.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 when exports increased by 31%. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

The Netherlands (X units), Nepal (X units) and Bangladesh (X units) were the main destinations of video monitor exports from India, together accounting for 53% of total exports. Bhutan, Sri Lanka, the United Arab Emirates, Russia, China, Thailand, Taiwan (Chinese), Singapore, Malaysia and Qatar lagged somewhat behind, together comprising a further 35%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Russia (with a CAGR of +123.8%), while the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Singapore ($X) and Bangladesh ($X) were the largest markets for video monitor exported from India worldwide, together comprising 38% of total exports. Russia, Bhutan, China, Nepal, Thailand, Taiwan (Chinese), Sri Lanka, the United Arab Emirates, Qatar and Malaysia lagged somewhat behind, together accounting for a further 30%.

Bhutan, with a CAGR of +73.8%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average video monitor export price amounted to $X per unit, declining by -2.5% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 an increase of 66%. Over the period under review, the average export prices reached the maximum at $X per unit in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Singapore ($X per unit), while the average price for exports to Nepal ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+14.6%), while the prices for the other major destinations experienced more modest paces of growth.

Video Monitor Imports

Imports into India

In 2021, supplies from abroad of video monitors was finally on the rise to reach X units after two years of decline. Over the period under review, imports, however, continue to indicate a pronounced decline. Over the period under review, imports attained the maximum at X units in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, video monitor imports soared to $X in 2021. In general, imports, however, continue to indicate a relatively flat trend pattern. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X units) constituted the largest video monitor supplier to India, accounting for a 72% share of total imports. Moreover, video monitor imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X units), sixfold. The third position in this ranking was held by Hong Kong SAR (X units), with a 6.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at -4.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+35.6% per year) and Hong Kong SAR (+18.6% per year).

In value terms, China ($X) constituted the largest supplier of video monitors to India, comprising 56% of total imports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 13% share of total imports. It was followed by Vietnam, with a 6.7% share.

From 2012 to 2021, the average annual growth rate of value from China amounted to -2.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+28.8% per year) and Vietnam (+71.9% per year).

Import Prices by Country

In 2021, the average video monitor import price amounted to $X per unit, rising by 15% against the previous year. Over the last nine years, it increased at an average annual rate of +2.9%. The growth pace was the most rapid in 2014 an increase of 23%. Over the period under review, average import prices reached the peak figure in 2021 and is likely to see gradual growth in the near future.

Prices varied noticeably country of origin: the country with the highest price was Indonesia ($X per unit), while the price for Thailand ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+29.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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