Report Update: May 1, 2024

India - Instruments And Apparatus For Measuring Or Checking Pressure Of Liquids Or Gasses - Market Analysis, Forecast, Size, Trends and Insights

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Test and Measurement Price in India - 2023

Test and Measurement Price in India (CIF) - 2023

In July 2023, the average test and measurement import price amounted to $6.3 per unit, dropping by -5.9% against the previous month. Over the period from July 2022 to July 2023, it increased at an average monthly rate of +1.3%. The most prominent rate of growth was recorded in August 2022 an increase of 31% m-o-m. Over the period under review, average import prices hit record highs at $8.4 per unit in January 2023; however, from February 2023 to July 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was Singapore ($13.4 per unit), while the price for China ($2.4 per unit) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Germany (+7.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Test and Measurement Price in India (FOB) - 2022

The average test and measurement export price stood at $24 per unit in 2022, growing by 39% against the previous year. In general, the export price, however, saw a mild contraction. The export price peaked at $33 per unit in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

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 Germany ($167 per unit), while the average price for exports to Mexico ($6.5 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 Germany (+24.6%), while the prices for the other major destinations experienced more modest paces of growth.

Test and Measurement Imports in India

In 2022, supplies from abroad of instruments and apparatus for measuring or checking pressure of liquids or gasses decreased by -1.4% to 4.6M units for the first time since 2018, thus ending a three-year rising trend. In general, total imports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +17.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +60.4% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 58% against the previous year. As a result, imports reached the peak of 4.6M units, and then shrank in the following year.

In value terms, test and measurement imports skyrocketed to $124M in 2022. Over the period under review, imports, however, posted a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 35%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the near future.

Import of Test and Measurement in India (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	12.0	10.8	23.7	26.0	29.4%
Germany	10.5	13.3	21.7	25.9	35.1%
United States	9.3	8.4	10.3	22.6	34.4%
Japan	6.4	5.8	9.0	6.9	2.5%
United Kingdom	6.7	1.8	2.2	5.2	-8.1%
South Korea	2.5	5.6	4.5	4.9	25.1%
Malaysia	0.9	2.5	3.8	4.1	65.8%
Singapore	2.7	3.4	3.0	3.3	6.9%
France	3.0	3.2	3.0	3.3	3.2%
Mexico	2.1	1.1	0.9	0.4	-42.5%
Others	11.6	15.2	14.1	21.1	22.1%
Total	67.8	71.1	96.1	124	22.3%

Top Suppliers of Test and Measurement to India in 2022:

Germany (1142.9K units)
United States (855.3K units)
Japan (570.8K units)
Malaysia (450.2K units)
South Korea (430.7K units)
China (215.3K units)
United Kingdom (171.1K units)
Singapore (166.0K units)
France (142.4K units)
Mexico (110.0K units)

Test and Measurement Exports in India

In 2022, shipments abroad of instruments and apparatus for measuring or checking pressure of liquids or gasses decreased by -18.8% to 3M units for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, continue to indicate a resilient expansion. The growth pace was the most rapid in 2021 with an increase of 70% against the previous year. As a result, the exports attained the peak of 3.7M units, and then fell significantly in the following year.

In value terms, test and measurement exports rose notably to $73M in 2022. The total export value increased at an average annual rate of +5.2% over the period from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Export of Test and Measurement in India (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	6.0	6.1	9.2	11.9	25.6%
Germany	8.8	9.7	10.5	9.4	2.2%
United Arab Emirates	4.9	7.1	7.1	6.5	9.9%
China	2.2	3.3	2.5	2.4	2.9%
Mexico	1.0	0.6	1.7	1.9	23.9%
Italy	1.2	1.2	1.4	1.4	5.3%
South Korea	0.3	0.3	1.2	1.1	54.2%
Canada	0.6	2.1	1.2	0.8	10.1%
Bangladesh	0.8	0.5	0.8	0.7	-4.4%
United Kingdom	0.4	0.2	0.4	0.7	20.5%
Brazil	0.1	N/A	0.1	0.6	81.7%
Others	36.1	30.9	28.6	35.4	-0.7%
Total	62.4	61.9	64.6	72.7	5.2%

Top Export Markets for Test and Measurement from India in 2022:

United States (1500.2K units)
Mexico (288.0K units)
South Korea (134.3K units)
United Arab Emirates (131.2K units)
Italy (105.3K units)
United Kingdom (92.4K units)
China (57.5K units)
Germany (56.2K units)
Canada (52.7K units)
Bangladesh (52.6K units)
Brazil (51.4K units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the test and measurement 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 26515271 - Electronic pressure gauges, sensors, indicators and transmitters
Prodcom 26515274 - Non-electronic spiral or metal diaphragm type pressure gauges
Prodcom 26515279 - Other instruments for measuring or checking pressure: others

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