China: Telephone Apparatus Market 2024

Telephone Apparatus Market Size in China

In 2022, the Chinese telephone apparatus market decreased by -76.4% to $X, falling for the third consecutive year after two years of growth. Over the period under review, consumption saw a abrupt descent. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Telephone Apparatus Production in China

In value terms, telephone apparatus production totaled $X in 2022 estimated in export price. Over the period under review, the total production indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -1.2% against 2020 indices. The pace of growth was the most pronounced in 2019 with an increase of 53% against the previous year. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Telephone Apparatus Exports

Exports from China

In 2022, exports of telephone apparatus from China soared to X tons, surging by 26% against the previous year's figure. In general, exports saw strong growth. The growth pace was the most rapid in 2018 with an increase of 64% against the previous year. The exports peaked in 2022 and are likely to continue growth in years to come.

In value terms, telephone apparatus exports reached $X in 2022. The total export value increased at an average annual rate of +5.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 15% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Hong Kong SAR (X tons) was the main destination for telephone apparatus exports from China, accounting for a 3.5% share of total exports. Moreover, telephone apparatus exports to Hong Kong SAR exceeded the volume sent to the second major destination, the United States (X tons), twofold. The United Arab Emirates (X tons) ranked third in terms of total exports with a 0.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Hong Kong SAR totaled +9.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+1.3% per year) and the United Arab Emirates (-6.9% per year).

In value terms, the largest markets for telephone apparatus exported from China were the United States ($X), Hong Kong SAR ($X) and the Netherlands ($X), together comprising 32% of total exports. Japan, the UK, Russia, the United Arab Emirates, Mexico, Thailand, Indonesia, Vietnam, South Korea and the Philippines lagged somewhat behind, together accounting for a further 12%.

The Philippines, with a CAGR of +22.4%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average telephone apparatus export price amounted to $X per ton, with an increase of 9.9% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 an increase of 84%. The export price peaked at $X per ton in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to the Philippines ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+11.6%), while the prices for the other major destinations experienced more modest paces of growth.

Telephone Apparatus Imports

Imports into China

In 2022, telephone apparatus imports into China skyrocketed to X tons, surging by 23% on 2021 figures. Overall, imports enjoyed significant growth. The pace of growth appeared the most rapid in 2013 with an increase of 736%. Over the period under review, imports reached the peak figure at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, telephone apparatus imports expanded modestly to $X in 2022. In general, imports enjoyed a buoyant increase. The pace of growth was the most pronounced in 2017 when imports increased by 35% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to see gradual growth in the near future.

Imports by Country

In 2021, Vietnam (X tons) constituted the largest supplier of telephone apparatus to China, with a 0.2% share of total imports. Moreover, telephone apparatus imports from Vietnam exceeded the figures recorded by the second-largest supplier, Thailand (X tons), threefold. Malaysia (X tons) ranked third in terms of total imports with less than 0.1% share.

From 2012 to 2021, the average annual growth rate of volume from Vietnam amounted to +54.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+216.0% per year) and Malaysia (-14.9% per year).

In value terms, Vietnam ($X) constituted the largest supplier of telephone apparatus to China, comprising 2% of total imports. The second position in the ranking was taken by Thailand ($X), with a 0.2% share of total imports. It was followed by Malaysia, with a 0.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Vietnam totaled +122.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+209.6% per year) and Malaysia (-9.7% per year).

Import Prices by Country

In 2021, the average telephone apparatus import price amounted to $X per ton, surging by 84% against the previous year. Overall, the import price, however, saw a abrupt curtailment. The most prominent rate of growth was recorded in 2014 an increase of 179%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Vietnam ($X per ton), while the price for Mexico ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+44.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :