Asia: Telephone Apparatus Market 2022

Telephone Apparatus Market Size in Asia

In 2021, the Asian telephone apparatus market decreased by -27.2% to $X, falling for the second consecutive year after five years of growth. Over the period under review, consumption recorded a relatively flat trend pattern. The level of consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Telephone Apparatus Production in Asia

In value terms, telephone apparatus production totaled $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 appeared the most rapid in 2018 when the production volume increased by 13% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Telephone Apparatus Exports

Exports in Asia

In 2021, exports of telephone apparatus in Asia soared to X tons, picking up by 19% on the previous year's figure. Total exports indicated a prominent increase from 2012 to 2021: its volume increased at an average annual rate of +6.4% 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 +58.5% against 2019 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 33% against the previous year. The volume of export peaked in 2021 and is likely to see gradual growth in years to come.

In value terms, telephone apparatus exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +6.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

China was the key exporter of telephone apparatus in Asia, with the volume of exports finishing at X tons, which was approx. 68% of total exports in 2021. Hong Kong SAR (X tons) held an 11% share (based on physical terms) of total exports, which put it in second place, followed by Vietnam (5.3%). The United Arab Emirates (X tons), South Korea (X tons) and Taiwan (Chinese) (X tons) held a relatively small share of total exports.

From 2012 to 2021, average annual rates of growth with regard to telephone apparatus exports from China stood at +9.9%. At the same time, the United Arab Emirates (+34.2%), Vietnam (+15.3%) and Taiwan (Chinese) (+3.2%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing exporter exported in Asia, with a CAGR of +34.2% from 2012-2021. By contrast, Hong Kong SAR (-2.3%) and South Korea (-4.6%) illustrated a downward trend over the same period. China (+17 p.p.), the United Arab Emirates (+3.8 p.p.) and Vietnam (+2.7 p.p.) significantly strengthened its position in terms of the total exports, while South Korea and Hong Kong SAR saw its share reduced by -4.5% and -12.3% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest telephone apparatus supplier in Asia, comprising 52% of total exports. The second position in the ranking was held by Hong Kong SAR ($X), with a 16% share of total exports. It was followed by Vietnam, with a 12% share.

From 2012 to 2021, the average annual growth rate of value in China amounted to +5.8%. In the other countries, the average annual rates were as follows: Hong Kong SAR (+4.2% per year) and Vietnam (+19.9% per year).

Export Prices by Country

The export price in Asia stood at $X per ton in 2021, almost unchanged from the previous year. In general, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 19% against the previous year. The level of export peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

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

In 2021, overseas purchases of telephone apparatus increased by 18% to X tons, rising for the second year in a row 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 growth pace was the most rapid in 2017 with an increase of 26%. The volume of import peaked in 2021 and is likely to see gradual growth in the immediate term.

In value terms, telephone apparatus imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +5.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached 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), the United Arab Emirates (X tons), India (X tons), China (X tons), Japan (X tons) and Vietnam (X tons) represented the largest importers of telephone apparatus, together comprising 68% of total imports. The following importers - Indonesia (X tons), Thailand (X tons), Singapore (X tons), the Philippines (X tons), Malaysia (X tons) and Taiwan (Chinese) (X tons) - together made up 20% of total imports.

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%), Malaysia (+7.5%), the United Arab Emirates (+6.6%), China (+6.4%), Taiwan (Chinese) (+6.0%), Singapore (+4.0%) and Indonesia (+2.6%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest-growing importer imported in Asia, with a CAGR of +19.4% from 2012-2021. By contrast, Japan (-2.9%) illustrated a downward trend over the same period. South Korea (+3.7 p.p.), Vietnam (+3.2 p.p.), India (+2.7 p.p.), Thailand (+2.2 p.p.) and the Philippines (+2 p.p.) significantly strengthened its position in terms of the total imports, while Japan and Hong Kong SAR saw its share reduced by -5.9% and -7.7% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest telephone apparatus importing markets in Asia were Hong Kong SAR ($X), China ($X) and Japan ($X), with a combined 54% share of total imports. These countries were followed by the United Arab Emirates, Vietnam, South Korea, India, Singapore, Thailand, Indonesia, Taiwan (Chinese), Malaysia and the Philippines, which together accounted for a further 35%.

In terms of the main importing countries, Vietnam, with a CAGR of +14.0%, recorded the highest rates of growth with regard to 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

The import price in Asia stood at $X per ton in 2021, rising by 5.1% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.1%. The most prominent rate of growth was recorded in 2018 when the import price increased by 11% against the previous year. Over the period under review, import prices hit record highs in 2021 and is expected to retain growth in the near future.

Prices varied noticeably country of destination: 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

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