Report Update: Apr 1, 2024

India - Mobile Phones - Market Analysis, Forecast, Size, Trends And Insights

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Mobile Phone Price in India - 2023

Mobile Phone Price in India (FOB) - 2023

In July 2023, the average mobile phone export price amounted to $290 per unit, with a decrease of -9.8% against the previous month. Over the last ten-month period, it increased at an average monthly rate of +2.6%. The pace of growth was the most pronounced in December 2022 when the average export price increased by 21% against the previous month. The export price peaked at $322 per unit in June 2023, and then shrank in the following month.

Prices varied noticeably by the country of destination: the country with the highest price was the Czech Republic ($473 per unit), while the average price for exports to Spain ($180 per unit) was amongst the lowest.

From September 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+5.2%), while the prices for the other major destinations experienced more modest paces of growth.

Mobile Phone Price in India (CIF) - 2022

The average mobile phone import price stood at $393 per unit in 2022, picking up by 39% against the previous year. Overall, the import price showed a significant expansion. The pace of growth appeared the most rapid in 2021 when the average import price increased by 137% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($989 per unit), while the price for Hong Kong SAR ($77 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+33.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Mobile Phone Exports in India

Mobile phone exports from India skyrocketed to 50M units in 2022, growing by 29% on the previous year's figure. Overall, total exports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +8.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +93.1% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 49%. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the near future.

In value terms, mobile phone exports surged to $7.4B in 2022. Over the period under review, exports showed a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 63% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to see steady growth in years to come.

Export of Mobile Phone in India (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United Arab Emirates	2,162	1,334	2,302	1,895	-4.3%
United States	24.0	139	106	1,024	249.4%
Netherlands	105	150	320	691	87.4%
United Kingdom	30.1	160	364	609	172.5%
Austria	N/A	N/A	N/A	529	0%
Italy	17.9	116	128	527	208.8%
Czech Republic	2.9	69.1	38.5	447	436.2%
Germany	61.3	220	289	372	82.4%
Saudi Arabia	2.7	N/A	2.1	207	324.8%
Kazakhstan	51.4	45.0	52.3	207	59.1%
France	18.5	75.1	108	193	118.5%
Spain	2.9	70.9	85.7	146	269.2%
South Africa	147	89.2	108	138	-2.1%
Others	780	521	968	380	-21.3%
Total	3,406	2,989	4,872	7,365	29.3%

Top Export Markets for Mobile Phone from India in 2022:

United States (16.0M units)
United Arab Emirates (13.2M units)
South Africa (2.8M units)
Austria (2.7M units)
Netherlands (2.0M units)
Italy (2.0M units)
United Kingdom (1.8M units)
Germany (1.8M units)
Kazakhstan (1.3M units)
France (1.1M units)
Saudi Arabia (1.0M units)
Czech Republic (1.0M units)
Spain (0.9M units)

Mobile Phone Imports in India

In 2022, supplies from abroad of mobile phones decreased by -42.8% to 3.1M units, falling for the second consecutive year after two years of growth. Overall, imports recorded a precipitous contraction. The most prominent rate of growth was recorded in 2020 when imports increased by 105% against the previous year. As a result, imports attained the peak of 18M units. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, mobile phone imports declined notably to $1.2B in 2022. Over the period under review, imports, however, continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 149% against the previous year. As a result, imports attained the peak of $2.2B. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Import of Mobile Phone in India (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	509	1,243	721	647	8.3%
Vietnam	N/A	393	321	303	-12.2%
South Korea	18.8	57.3	173	259	139.7%
Hong Kong SAR	49.1	269	9.3	3.6	-58.1%
Thailand	24.6	N/A	N/A	N/A	0%
United Arab Emirates	169	164	275	N/A	27.6%
Others	94.2	29.2	33.0	3.9	-65.4%
Total	864	2,156	1,532	1,216	12.1%

Top Suppliers of Mobile Phone to India in 2022:

United Arab Emirates (undefinedK units)
Thailand (undefinedK units)
China (1592.7K units)
Vietnam (1183.5K units)
South Korea (261.3K units)
Hong Kong SAR (47.0K units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the mobile phone market in India. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 26302200 - Telephones for cellular networks or for other wireless networks

Country coverage:

India

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in India
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023