Price for Electronic Integrated Circuits and Microassemblies in India - 2023
Contents:
- Price for Electronic Integrated Circuits and Microassemblies in India (CIF) - 2022
- Price for Electronic Integrated Circuits and Microassemblies in India (FOB) - 2022
- Imports of Electronic Integrated Circuits and Microassemblies in India
- Exports of Electronic Integrated Circuits and Microassemblies in India
Price for Electronic Integrated Circuits and Microassemblies in India (CIF) - 2022
In 2021, the average import price for electronic integrated circuits and microassemblieses amounted to $84 per unit, surging by 15% against the previous year. In general, the import price, however, continues to indicate a dramatic downturn. The pace of growth was the most pronounced in 2016 when the average import price increased by 226,869,008% against the previous year. As a result, import price attained the peak level of $92,543,706 per unit. From 2017 to 2021, 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 China ($1.3 per unit), while the price for the United Arab Emirates ($0.2 per unit) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+18.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Electronic Integrated Circuits and Microassemblies in India (FOB) - 2022
In 2021, the average export price for electronic integrated circuits and microassemblieses amounted to $4.4 per unit, declining by -93.2% against the previous year. In general, the export price faced a precipitous slump. The pace of growth appeared the most rapid in 2015 an increase of 160%. Over the period under review, the average export prices attained the maximum at $7,083 per unit in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Lithuania ($1.5 per unit), while the average price for exports to the United Arab Emirates ($0.3 per unit) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Lithuania (+8.0%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Electronic Integrated Circuits and Microassemblies in India
Electronic integrated circuits and microassemblies imports into India reached 163M units in 2022, surging by 11% on 2021. The total import volume increased at an average annual rate of +2.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 28% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the immediate term.
In value terms, electronic integrated circuits and microassemblies imports soared to $16.1B in 2022. Overall, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +16.6% 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 +91.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 47% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.
| Import of Electronic Integrated Circuits and Microassemblies in India (Billion USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| China | 3.6 | 2.9 | 4.5 | 11.8% | |
| Hong Kong SAR | 3.5 | 2.6 | 3.6 | 1.4% | |
| Singapore | 0.9 | 0.9 | 1.2 | 15.5% | |
| South Korea | 1.5 | 0.9 | 1.2 | -10.6% | |
| Taiwan (Chinese) | 0.1 | 0.4 | 0.6 | 144.9% | |
| United States | 0.2 | 0.1 | 0.3 | 22.5% | |
| United Arab Emirates | N/A | N/A | 0.1 | 0% | |
| Others | 0.4 | 0.6 | 1.0 | 58.1% | |
| Total | 10.2 | 8.4 | 12.4 | 10.3% | |
Top Suppliers of Electronic Integrated Circuits and Microassemblies to India in 2022:
- China (3.5B units)
- Hong Kong SAR (3.0B units)
- Singapore (1.3B units)
- South Korea (0.9B units)
- Taiwan (Chinese) (0.4B units)
- United Arab Emirates (0.2B units)
- United States (0.2B units)
Exports of Electronic Integrated Circuits and Microassemblies in India
In 2022, shipments abroad of electronic integrated circuits and microassemblieses decreased by -84.6% to 13M units for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, posted a significant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 2,020%. As a result, the exports reached the peak of 87M units, and then plummeted in the following year.
In value terms, electronic integrated circuits and microassemblies exports surged to $476M in 2022. In general, exports, however, posted a significant increase. The growth pace was the most rapid in 2021 with an increase of 43%. Over the period under review, the exports reached the maximum in 2022 and are likely to see gradual growth in the near future.
| Export of Electronic Integrated Circuits and Microassemblies in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| Lithuania | 0.1 | 16.9 | 97.3 | 3019.3% | |
| Hong Kong SAR | 71.0 | 86.6 | 64.0 | -5.1% | |
| Vietnam | 15.3 | 51.3 | 63.2 | 103.2% | |
| United Arab Emirates | 5.2 | 0.3 | 49.1 | 207.3% | |
| China | 11.6 | 30.2 | 27.2 | 53.1% | |
| Israel | 63.8 | 2.1 | 12.5 | -55.7% | |
| United States | 14.9 | 26.9 | 8.4 | -24.9% | |
| Singapore | 11.7 | 11.9 | 7.9 | -17.8% | |
| Others | 54.3 | 39.1 | 51.0 | -3.1% | |
| Total | 248 | 265 | 380 | 23.8% | |
Top Export Markets for Electronic Integrated Circuits and Microassemblies from India in 2022:
- United Arab Emirates (183.1M units)
- Hong Kong SAR (76.7M units)
- Lithuania (64.2M units)
- Vietnam (61.9M units)
- China (44.2M units)
- Israel (10.2M units)
- Singapore (8.3M units)
- United States (7.2M units)
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