India - Cards Incorporating A Magnetic Stripe - Market Analysis, Forecast, Size, Trends And Insights
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View PricingMagnetic Card Price in India - 2023
Contents:
- Magnetic Card Price in India (FOB) - 2022
- Magnetic Card Price in India (CIF) - 2022
- Magnetic Card Exports in India
- Magnetic Card Imports in India
Magnetic Card Price in India (FOB) - 2022
The average magnetic card export price stood at $0.3 per unit in 2022, with an increase of 15% against the previous year. Over the period under review, the export price continues to indicate a resilient increase. The pace of growth appeared the most rapid in 2018 an increase of 87% against the previous year. The export price peaked at $0.3 per unit in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($0.7 per unit), while the average price for exports to South Africa ($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 Turkey (+31.7%), while the prices for the other major destinations experienced more modest paces of growth.
Magnetic Card Price in India (CIF) - 2022
The average magnetic card import price stood at $0.1 per unit in 2022, which is down by -43.4% against the previous year. Over the period under review, the import price, however, recorded notable growth. The pace of growth appeared the most rapid in 2015 an increase of 56% against the previous year. The import price peaked at $0.3 per unit in 2020; however, from 2021 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 Singapore ($2.6 per unit), while the price for Italy ($0.1 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+26.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Magnetic Card Exports in India
In 2022, approx. 2.3M units of cards incorporating a magnetic stripe were exported from India; with a decrease of -61.6% on 2021. In general, exports recorded a sharp contraction. The most prominent rate of growth was recorded in 2021 with an increase of 56%. Over the period under review, the exports reached the maximum at 9.6M units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, magnetic card exports dropped sharply to $659K in 2022. Over the period under review, exports recorded a sharp setback. The pace of growth appeared the most rapid in 2021 with an increase of 17% against the previous year. The exports peaked at $1.9M in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
Export of Magnetic Card in India (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
South Korea | N/A | N/A | N/A | 279 | 0% |
United States | 10.6 | 23.3 | 530 | 90.0 | 104.0% |
United Arab Emirates | 28.2 | 28.1 | 67.4 | 75.5 | 38.9% |
South Africa | 296 | 83.0 | 135 | 37.2 | -49.9% |
Afghanistan | 100 | 65.8 | 36.5 | 33.3 | -30.7% |
Singapore | 24.3 | 0.3 | 5.0 | 26.1 | 2.4% |
Ethiopia | 124 | 0.4 | 118 | 26.0 | -40.6% |
China | 8.2 | N/A | N/A | 19.9 | 34.4% |
Sudan | 0.1 | N/A | N/A | 11.7 | 389.1% |
Bangladesh | 0.5 | 1.2 | 0.2 | 10.8 | 178.5% |
Sri Lanka | 658 | 461 | 385 | 10.0 | -75.2% |
Guatemala | 19.8 | 14.3 | 21.2 | 8.2 | -25.5% |
Egypt | 81.9 | N/A | 2.1 | N/A | -84.0% |
Others | 525 | 594 | 191 | 31.2 | -61.0% |
Total | 1,876 | 1,272 | 1,491 | 659 | -29.4% |
Top Export Markets for Magnetic Card from India in 2022:
- South Africa (550.0K units)
- South Korea (506.0K units)
- United Arab Emirates (234.6K units)
- Afghanistan (129.9K units)
- United States (125.5K units)
- Sri Lanka (113.3K units)
- Sudan (110.0K units)
- Guatemala (99.0K units)
- Ethiopia (92.6K units)
- Bangladesh (90.1K units)
- China (77.0K units)
- Singapore (47.3K units)
Magnetic Card Imports in India
In 2022, purchases abroad of cards incorporating a magnetic stripe increased by 407% to 14M units for the first time since 2019, thus ending a two-year declining trend. Overall, imports continue to indicate a remarkable increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, magnetic card imports surged to $1.9M in 2022. Over the period under review, imports saw a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.
Import of Magnetic Card in India (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 362 | 167 | 44.9 | 813 | 31.0% |
United States | 428 | 287 | 277 | 232 | -18.5% |
United Kingdom | 79.6 | 21.2 | 100 | 57.0 | -10.5% |
Taiwan (Chinese) | 13.6 | N/A | 4.9 | 39.6 | 42.8% |
Italy | 6.3 | 2.8 | 1.5 | 34.6 | 76.4% |
Hong Kong SAR | 668 | 1.4 | 25.5 | 17.3 | -70.4% |
Others | 334 | 444 | 222 | 745 | 30.7% |
Total | 1,892 | 923 | 676 | 1,939 | 0.8% |
Top Suppliers of Magnetic Card to India in 2022:
- Hong Kong SAR (undefinedM units)
- China (11.2M units)
- United Kingdom (0.9M units)
- Italy (0.6M units)
- Taiwan (Chinese) (0.5M units)
- United States (0.4M units)
This report provides an in-depth analysis of the magnetic card 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 26801400 - Cards incorporating a magnetic stripe
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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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Explore the top import markets for smart cards in 2023 based on the latest data. Discover which countries lead in smart card imports and the factors driving their demand.
In 2016, the global smart card imports amounted to X tons, coming up by X% against the previous year figure. In general, smart card imports continue to indicate a abrupt slump. The most prominent...
In 2016, the global smart card imports amounted to X tons, coming up by X% against the previous year figure. In general, smart card imports continue to indicate a abrupt slump. The most prominent...
With a huge surge in exports in 2014, China continued its dominance in the global cards incorporating an electronic integrated circuit trade. In 2014, China exported X thousand tons of cards incorporating an electronic integrated circuit totaling X
Discover the top import markets for magnetic media, including Thailand, China, and the Philippines. Explore key statistics and numbers for these markets.
Explore the top import markets for smart cards in 2023 based on the latest data. Discover which countries lead in smart card imports and the factors driving their demand.
In 2016, the global smart card imports amounted to X tons, coming up by X% against the previous year figure. In general, smart card imports continue to indicate a abrupt slump. The most prominent...
In 2016, the global smart card imports amounted to X tons, coming up by X% against the previous year figure. In general, smart card imports continue to indicate a abrupt slump. The most prominent...
With a huge surge in exports in 2014, China continued its dominance in the global cards incorporating an electronic integrated circuit trade. In 2014, China exported X thousand tons of cards incorporating an electronic integrated circuit totaling X
Discover the top import markets for magnetic media, including Thailand, China, and the Philippines. Explore key statistics and numbers for these markets.