India: Laser Market 2024

Laser Market Size in India

The Indian laser market fell slightly to $X in 2022, therefore, remained relatively stable against the previous year. Over the period under review, consumption continues to indicate a mild shrinkage. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market failed to regain momentum.

Laser Production in India

In value terms, laser production amounted to $X in 2022 estimated in export price. In general, production, however, recorded modest growth. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Laser Exports

Exports from India

In 2022, the amount of lasers, other than laser diodes exported from India dropped slightly to X units, waning by X% against the year before. Overall, exports, however, continue to indicate buoyant growth. The growth pace was the most rapid in 2021 when exports increased by X%. As a result, the exports reached the peak of X units, and then dropped in the following year.

In value terms, laser exports fell remarkably to $X in 2022. Over the period under review, exports, however, saw a strong increase. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X, and then declined dramatically in the following year.

Exports by Country

The United States (X units), Mexico (X units) and China (X units) were the main destinations of laser exports from India, with a combined X% share of total exports. Germany, the United Arab Emirates, Indonesia, Thailand, Singapore, Brazil, Spain, Egypt, Denmark and Russia lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for lasers, other than laser diodes exports from India, comprising X% of total exports. The second position in the ranking was taken by China ($X), with a X% share of total exports. It was followed by Germany, with a X% share.

From 2012 to 2022, the average annual growth rate of value to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (X% per year) and Germany (X% per year).

Export Prices by Country

In 2022, the average laser export price amounted to $X per unit, dropping by X% against the previous year. In general, the export price continues to indicate a pronounced contraction. The growth pace was the most rapid in 2020 an increase of X% against the previous year. Over the period under review, the average export prices reached the maximum at $X per unit in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($X per unit), while the average price for exports to Thailand ($X 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 Indonesia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Laser Imports

Imports into India

For the fourth year in a row, India recorded growth in overseas purchases of lasers, other than laser diodes, which increased by X% to X units in 2022. In general, imports enjoyed a significant increase. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, laser imports expanded to $X in 2022. Overall, imports continue to indicate a strong increase. The growth pace was the most rapid in 2017 when imports increased by X%. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, China (X units) constituted the largest laser supplier to India, with a X% share of total imports. Moreover, laser imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), more than tenfold. The third position in this ranking was taken by Germany (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Germany (X% per year).

In value terms, Germany ($X), China ($X) and the United States ($X) were the largest laser suppliers to India, together comprising X% of total imports.

In terms of the main suppliers, China, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average laser import price stood at $X per unit in 2022, with a decrease of X% against the previous year. Overall, the import price faced a sharp slump. The most prominent rate of growth was recorded in 2015 an increase of X%. As a result, import price attained the peak level of $X per unit. From 2016 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :