Price for Sound Recording or Reproducing Apparatus; Turntables (Record-Decks) in India - 2023

Contents:

1. Price for Sound Recording or Reproducing Apparatus; Turntables (Record-Decks) in India (CIF) - 2022
2. Price for Sound Recording or Reproducing Apparatus; Turntables (Record-Decks) in India (FOB) - 2022
3. Imports of Sound Recording or Reproducing Apparatus; Turntables (Record-Decks) in India
4. Exports of Sound Recording or Reproducing Apparatus; Turntables (Record-Decks) in India

Price for Sound Recording or Reproducing Apparatus; Turntables (Record-Decks) in India (CIF) - 2022

In 2022, the average import price for sound recording or reproducing apparatus; turntables (record-decks)s amounted to $64 per unit, surging by 1.5% against the previous year. In general, the import price, however, recorded a slight contraction. The pace of growth appeared the most rapid in 2015 an increase of 250% against the previous year. The import price peaked at $153 per unit in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

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 Germany ($354 per unit), while the price for the Netherlands ($16 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+5.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Sound Recording or Reproducing Apparatus; Turntables (Record-Decks) in India (FOB) - 2022

The average export price for sound recording or reproducing apparatus; turntables (record-decks)s stood at $102 per unit in 2022, picking up by 35% against the previous year. Over the period under review, the export price posted a remarkable increase. The most prominent rate of growth was recorded in 2017 when the average export price increased by 1,137% against the previous year. The export price peaked in 2022 and is likely to see steady growth in the near future.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Mexico ($268 per unit), while the average price for exports to Italy ($12 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 Mexico (+23.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Sound Recording or Reproducing Apparatus; Turntables (Record-Decks) in India

In 2022, approx. 8.3K units of sound recording or reproducing apparatus; turntables (record-decks)s were imported into India; growing by 42% on 2021 figures. In general, imports showed a resilient 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, imports of hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, imports of sound recording or reproducing apparatus; turntables (record-decks)s skyrocketed to $528K in 2022. Overall, imports enjoyed a significant expansion. The growth pace was the most rapid in 2021 with an increase of 87%. Over the period under review, imports of attained the maximum in 2022 and are likely to see gradual growth in the near future.

Top Suppliers of Sound Recording or Reproducing Apparatus; Turntables (Record-Decks) to India in 2022:

1. China (4234.0 units)
2. United Kingdom (879.0 units)
3. United States (819.0 units)
4. Netherlands (700.0 units)
5. Hong Kong SAR (650.0 units)
6. Austria (407.0 units)
7. Malaysia (140.0 units)
8. Singapore (99.0 units)

Exports of Sound Recording or Reproducing Apparatus; Turntables (Record-Decks) in India

In 2022, approx. 262 units of sound recording or reproducing apparatus; turntables (record-decks)s were exported from India; jumping by 170% on the year before. Over the period under review, exports saw a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of sound recording or reproducing apparatus; turntables (record-decks)s soared to $27K in 2022. Overall, exports posted a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Sound Recording or Reproducing Apparatus; Turntables (Record-Decks) from India in 2022:

1. Italy (44.0 units)
2. Spain (34.0 units)
3. Turkey (28.0 units)
4. United States (23.0 units)
5. United Kingdom (22.0 units)
6. Brazil (13.0 units)
7. Lebanon (11.0 units)
8. Mexico (10.0 units)
9. Germany (10.0 units)
10. Australia (7.0 units)
11. Nepal (6.0 units)
12. Netherlands (4.0 units)
13. France (4.0 units)

Source: IndexBox Market Intelligence Platform