Report Update: Apr 1, 2024

India - Printed Circuits - Market Analysis, Forecast, Size, Trends and Insights

Single report

Sent by email within 24h (Mon-Fri)

$599 Basic Edition

$2095 Professional Edition

What's the difference?

Subscription

Online access and download

from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing

Printed Circuit Price in India - 2022

Printed Circuit Price in India (CIF) - 2022

In 2022, the average printed circuit import price amounted to $1 per unit, increasing by 18% against the previous year. Over the period under review, the import price posted a buoyant increase. The growth pace was the most rapid in 2017 an increase of 115% against the previous year. The import price peaked in 2022 and is likely to see steady growth in years to come.

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 Taiwan (Chinese) ($2.2 per unit), while the price for South Korea ($0.2 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+22.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Printed Circuit Price in India (FOB) - 2022

In 2022, the average printed circuit export price amounted to $1.5 per unit, rising by 12% against the previous year. In general, the export price posted resilient growth. The most prominent rate of growth was recorded in 2017 an increase of 55%. The export price peaked in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Singapore ($3 per unit), while the average price for exports to Bangladesh (less than $0.1 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 Singapore (+23.5%), while the prices for the other major destinations experienced more modest paces of growth.

Printed Circuit Imports in India

Printed circuit imports into India expanded to 1.1B units in 2022, increasing by 4.5% compared with 2021. In general, imports saw a modest increase. The most prominent rate of growth was recorded in 2021 when imports increased by 21%. Over the period under review, imports attained the peak figure in 2022 and are likely to see steady growth in the immediate term.

In value terms, printed circuit imports skyrocketed to $1.1B in 2022. Overall, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +18.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +75.3% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 42%. Imports peaked in 2022 and are expected to retain growth in years to come.

Import of Printed Circuit in India (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	295	254	387	496	18.9%
Hong Kong SAR	195	191	256	285	13.5%
South Korea	62.0	56.0	60.3	69.4	3.8%
Taiwan (Chinese)	14.8	29.6	53.7	65.5	64.2%
Ireland	N/A	0.1	9.8	40.7	1917.4%
Vietnam	16.7	26.5	29.4	36.9	30.2%
Thailand	18.4	17.1	26.0	26.6	13.1%
Others	48.6	48.5	63.3	72.8	14.4%
Total	651	623	886	1,092	18.8%

Top Suppliers of Printed Circuit to India in 2022:

South Korea (314.7M units)
China (267.3M units)
Hong Kong SAR (252.1M units)
Thailand (113.0M units)
Vietnam (54.4M units)
Taiwan (Chinese) (30.0M units)
Ireland (22.9M units)

Printed Circuit Exports in India

In 2022, approx. 88M units of printed circuits were exported from India; which is down by -4.1% against the previous year's figure. Overall, exports recorded a abrupt curtailment. The pace of growth was the most pronounced in 2021 when exports increased by 0.9%. The exports peaked at 124M units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, printed circuit exports rose notably to $133M in 2022. Over the period under review, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 12%. Over the period under review, the exports attained the peak figure at $136M in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Export of Printed Circuit in India (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Austria	49.5	43.5	56.1	62.8	8.3%
United States	26.9	22.5	26.1	29.5	3.1%
Germany	13.1	6.7	7.6	8.6	-13.1%
China	6.1	3.6	6.8	5.8	-1.7%
Mexico	6.5	5.6	6.5	5.1	-7.8%
France	13.9	8.3	5.3	3.8	-35.1%
Israel	3.6	2.0	3.1	2.9	-7.0%
Italy	2.5	2.0	2.4	2.6	1.3%
Netherlands	2.5	2.6	0.8	1.3	-19.6%
Nepal	0.3	0.2	0.5	0.4	10.1%
United Arab Emirates	0.1	0.3	0.3	0.3	44.2%
Turkey	0.1	N/A	N/A	0.1	0.0%
Bangladesh	0.1	0.1	0.2	0.1	0.0%
Others	11.2	13.7	8.9	10.0	-3.7%
Total	136	111	124	133	-0.7%

Top Export Markets for Printed Circuit from India in 2022:

Austria (41.0M units)
United States (14.5M units)
Germany (5.0M units)
Mexico (4.1M units)
China (3.3M units)
United Arab Emirates (2.9M units)
Turkey (2.3M units)
Bangladesh (1.8M units)
Netherlands (1.6M units)
Israel (1.5M units)
Italy (1.4M units)
Nepal (1.4M units)
France (1.1M units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the printed circuit 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 26121020 - Bare multilayer printed circuit boards
Prodcom 26121050 - Bare printed circuit boards other than multilayer
Prodcom 26121080 - Passive networks (including networks of resistors and/or capacitors) (excluding resistor chip arrays, capacitor chip arrays, boards containing active components, hybrids)

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