Asia-Pacific: Smart Card Market 2025

Smart Card Market Size in Asia-Pacific

The Asia-Pacific smart card market reached $X in 2022, surging by 2.4% against the previous year. Over the period under review, consumption saw resilient growth. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Smart Card Production in Asia-Pacific

In value terms, smart card production contracted modestly to $X in 2022 estimated in export price. In general, production posted resilient growth. The growth pace was the most rapid in 2018 with an increase of 38% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Smart Card Exports

Exports in Asia-Pacific

In 2022, exports of cards incorporating an electronic integrated circuit (smart card) in Asia-Pacific stood at X units, increasing by 3.4% against the previous year. Overall, exports showed a strong expansion. The pace of growth appeared the most rapid in 2018 when exports increased by 38% against the previous year. The volume of export peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, smart card exports soared to $X in 2022. The total export value increased at an average annual rate of +4.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

China was the main exporting country with an export of about X units, which resulted at 69% of total exports. It was distantly followed by Hong Kong SAR (X units), mixing up a 24% share of total exports. India (X units) followed a long way behind the leaders.

Exports from China increased at an average annual rate of +16.3% from 2012 to 2022. At the same time, Hong Kong SAR (+29.4%) and India (+7.7%) displayed positive paces of growth. Moreover, Hong Kong SAR emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +29.4% from 2012-2022. From 2012 to 2022, the share of Hong Kong SAR and China increased by +17 and +4.7 percentage points, respectively.

In value terms, China ($X) remains the largest smart card supplier in Asia-Pacific, comprising 59% of total exports. The second position in the ranking was held by Hong Kong SAR ($X), with a 13% share of total exports.

From 2012 to 2022, the average annual growth rate of value in China stood at +7.0%. In the other countries, the average annual rates were as follows: Hong Kong SAR (+9.4% per year) and India (+5.5% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per unit in 2022, picking up by 16% against the previous year. Over the period under review, the export price, however, showed a deep downturn. Over the period under review, the export prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was India ($X per unit), while Hong Kong SAR ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (-2.1%), while the other leaders experienced a decline in the export price figures.

Smart Card Imports

Imports in Asia-Pacific

For the eleventh consecutive year, Asia-Pacific recorded growth in overseas purchases of cards incorporating an electronic integrated circuit (smart card), which increased by 3.8% to X units in 2022. Over the period under review, imports enjoyed a prominent increase. The growth pace was the most rapid in 2020 when imports increased by 63% against the previous year. The volume of import peaked in 2022 and is expected to retain growth in the near future.

In value terms, smart card imports rose rapidly to $X in 2022. In general, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by 18%. The level of import peaked at $X in 2015; however, from 2016 to 2022, imports failed to regain momentum.

Imports by Country

China was the main importing country with an import of about X units, which resulted at 58% of total imports. Vietnam (X units) took a 14% share (based on physical terms) of total imports, which put it in second place, followed by Hong Kong SAR (11%) and Bangladesh (6.4%). Singapore (X units) and India (X units) followed a long way behind the leaders.

Imports into China increased at an average annual rate of +23.1% from 2012 to 2022. At the same time, Bangladesh (+70.0%), Vietnam (+36.7%), Singapore (+21.7%) and Hong Kong SAR (+9.1%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of +70.0% from 2012-2022. By contrast, India (-8.2%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China, Vietnam and Bangladesh increased by +22, +11 and +6.3 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), India ($X) and Hong Kong SAR ($X) appeared to be the countries with the highest levels of imports in 2022, together accounting for 49% of total imports. Singapore, Vietnam and Bangladesh lagged somewhat behind, together comprising a further 16%.

In terms of the main importing countries, Bangladesh, with a CAGR of +47.8%, recorded the highest growth rate of 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

In 2022, the import price in Asia-Pacific amounted to $X per unit, rising by 6.9% against the previous year. Over the period under review, the import price, however, saw a abrupt descent. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was India ($X per unit), while China (less than $X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+9.3%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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