Asia-Pacific: Telephone Apparatus Market 2022

Telephone Apparatus Market Size in Asia-Pacific

In 2021, the Asia-Pacific telephone apparatus market decreased by -24.2% to $X, falling for the second consecutive year after five years of growth. Over the period under review, consumption continues to indicate a relatively flat trend pattern. The level of consumption peaked at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Telephone Apparatus Production in Asia-Pacific

In value terms, telephone apparatus production stood at $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2018 when the production volume increased by 13% against the previous year. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Telephone Apparatus Exports

Exports in Asia-Pacific

In 2021, exports of telephone apparatus in Asia-Pacific rose rapidly to X tons, increasing by 14% on 2020 figures. Total exports indicated a resilient increase from 2012 to 2021: its volume increased at an average annual rate of +6.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +52.5% against 2019 indices. The pace of growth was the most pronounced in 2020 with an increase of 33%. Over the period under review, the exports hit record highs in 2021 and are likely to see steady growth in the immediate term.

In value terms, telephone apparatus exports totaled $X in 2021. The total export value increased at an average annual rate of +5.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 with an increase of 16% against the previous year. The level of export peaked in 2021 and is likely to see gradual growth in the near future.

Exports by Country

China was the key exporter of telephone apparatus in Asia-Pacific, with the volume of exports resulting at X tons, which was near 71% of total exports in 2021. It was distantly followed by Hong Kong SAR (X tons) and Vietnam (X tons), together generating a 17% share of total exports. South Korea (X tons), Taiwan (Chinese) (X tons) and Thailand (X tons) took a relatively small share of total exports.

Exports from China increased at an average annual rate of +9.9% from 2012 to 2021. At the same time, Vietnam (+15.3%), Thailand (+14.0%) and Taiwan (Chinese) (+3.2%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +15.3% from 2012-2021. By contrast, Hong Kong SAR (-2.3%) and South Korea (-4.6%) illustrated a downward trend over the same period. While the share of China (+20 p.p.) and Vietnam (+2.9 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of South Korea (-4.5 p.p.) and Hong Kong SAR (-12.1 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest telephone apparatus supplier in Asia-Pacific, comprising 55% of total exports. The second position in the ranking was taken by Hong Kong SAR ($X), with a 16% share of total exports. It was followed by Vietnam, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value in China amounted to +5.8%. The remaining exporting countries recorded the following average annual rates of exports growth: Hong Kong SAR (+4.2% per year) and Vietnam (+19.9% per year).

Export Prices by Country

In 2021, the export price in Asia-Pacific amounted to $X per ton, flattening at the previous year. Overall, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the export price increased by 19% against the previous year. Over the period under review, the export prices reached the peak figure at $X per ton in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Vietnam ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+6.7%), while the other leaders experienced more modest paces of growth.

Telephone Apparatus Imports

Imports in Asia-Pacific

In 2021, supplies from abroad of telephone apparatus increased by 16% to X tons, rising for the second consecutive year after two years of decline. The total import volume increased at an average annual rate of +4.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 with an increase of 24%. As a result, imports reached the peak of X tons. From 2018 to 2021, the growth of imports failed to regain momentum.

In value terms, telephone apparatus imports soared to $X in 2021. The total import value increased at an average annual rate of +5.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Hong Kong SAR (X tons), distantly followed by South Korea (X tons), India (X tons), China (X tons), Japan (X tons), Vietnam (X tons), Indonesia (X tons) and Thailand (X tons) represented the major importers of telephone apparatus, together constituting 80% of total imports. Singapore (X tons) and the Philippines (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to telephone apparatus imports into Hong Kong SAR stood at +1.1%. At the same time, the Philippines (+19.4%), Vietnam (+15.1%), Thailand (+14.2%), South Korea (+10.7%), India (+9.0%), China (+6.4%), Singapore (+4.0%) and Indonesia (+2.6%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of +19.4% from 2012-2021. By contrast, Japan (-2.9%) illustrated a downward trend over the same period. From 2012 to 2021, the share of South Korea, Vietnam, India, Thailand and the Philippines increased by +4.3, +3.8, +3.1, +2.6 and +2.3 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Hong Kong SAR ($X), China ($X) and Japan ($X) constituted the countries with the highest levels of imports in 2021, together accounting for 62% of total imports. These countries were followed by Vietnam, South Korea, India, Singapore, Thailand, Indonesia and the Philippines, which together accounted for a further 28%.

Vietnam, with a CAGR of +14.0%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Asia-Pacific amounted to $X per ton, with an increase of 6.2% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of 13%. The level of import peaked in 2021 and is likely to see steady growth in years to come.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was China ($X per ton), while the Philippines ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+6.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :