Asia: Telecommunications Instrument Market 2024

Telecommunications Instrument Market Size in Asia

In 2021, the Asian telecommunications instrument market decreased by -13.5% to $X, falling for the second consecutive year after two years of growth. In general, consumption saw a relatively flat trend pattern. The level of consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Telecommunications Instrument Production in Asia

In value terms, telecommunications instrument production fell to $X in 2021 estimated in export price. The total production indicated pronounced growth from 2012 to 2021: its value increased at an average annual rate of +4.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +72.4% against 2015 indices. The pace of growth was the most pronounced in 2018 with an increase of 36%. Over the period under review, production reached the maximum level at $X in 2020, and then fell in the following year.

Telecommunications Instrument Exports

Exports in Asia

In 2021, telecommunications instrument exports in Asia skyrocketed to X units, rising by 21% against the previous year. Total exports indicated a modest increase from 2012 to 2021: its volume increased at an average annual rate of +1.1% 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 +78.7% against 2016 indices. The pace of growth was the most pronounced in 2018 with an increase of 28%. Over the period under review, the exports reached the maximum in 2021 and are likely to see steady growth in the immediate term.

In value terms, telecommunications instrument exports skyrocketed to $X in 2021. Total exports indicated a moderate expansion from 2012 to 2021: its value increased at an average annual rate of +2.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +82.0% against 2016 indices. The pace of growth appeared the most rapid in 2018 when exports increased by 37% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the immediate term.

Exports by Country

In 2021, Malaysia (X units) was the major exporter of telecommunications instruments, committing 41% of total exports. China (X units) ranks second in terms of the total exports with a 23% share, followed by Hong Kong SAR (12%), Taiwan (Chinese) (8%), Singapore (6%) and South Korea (5.5%). Japan (X units) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by China (with a CAGR of +19.3%), while the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X) remains the largest telecommunications instrument supplier in Asia, comprising 50% of total exports. The second position in the ranking was held by Hong Kong SAR ($X), with a 17% share of total exports. It was followed by China, with a 9.4% share.

From 2012 to 2021, the average annual growth rate of value in Malaysia stood at +5.9%. In the other countries, the average annual rates were as follows: Hong Kong SAR (-5.4% per year) and China (+9.1% per year).

Export Prices by Country

In 2021, the export price in Asia amounted to $X per unit, flattening at the previous year. Over the last nine-year period, it increased at an average annual rate of +1.3%. The most prominent rate of growth was recorded in 2019 an increase of 9.5%. As a result, the export price reached the peak level of $X per unit. From 2020 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Japan ($X per unit), while South Korea ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+13.4%), while the other leaders experienced more modest paces of growth.

Telecommunications Instrument Imports

Imports in Asia

In 2021, overseas purchases of telecommunications instruments decreased by -1.4% to X units, falling for the second year in a row after two years of growth. In general, imports saw a deep reduction. The most prominent rate of growth was recorded in 2018 when imports increased by 8.6%. The volume of import peaked at X units in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, telecommunications instrument imports reduced to $X in 2021. Overall, imports continue to indicate a pronounced shrinkage. The pace of growth was the most pronounced in 2019 when imports increased by 16% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X units), distantly followed by Hong Kong SAR (X units), India (X units), South Korea (X units), Indonesia (X units), Singapore (X units), Taiwan (Chinese) (X units), Vietnam (X units) and Malaysia (X units) represented the key importers of telecommunications instruments, together making up 86% of total imports.

From 2012 to 2021, the biggest increases were recorded for Vietnam (with a CAGR of +31.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constitutes the largest market for imported telecommunications instruments in Asia, comprising 34% of total imports. The second position in the ranking was held by Hong Kong SAR ($X), with a 12% share of total imports. It was followed by South Korea, with a 9.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value in China stood at -8.6%. The remaining importing countries recorded the following average annual rates of imports growth: Hong Kong SAR (-10.5% per year) and South Korea (+0.2% per year).

Import Prices by Country

In 2021, the import price in Asia amounted to $X per unit, which is down by -4.4% against the previous year. Over the last nine years, it increased at an average annual rate of +3.6%. The growth pace was the most rapid in 2020 an increase of 22%. As a result, import price attained the peak level of $X per unit, and then reduced in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+16.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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