China: Telephonic Switching Apparatus Market 2025

Telephonic Switching Apparatus Market Size in China

The Chinese telephonic switching apparatus market skyrocketed to $X in 2022, surging by 24% against the previous year. Overall, consumption continues to indicate a abrupt slump. Telephonic switching apparatus consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Telephonic Switching Apparatus Production in China

In value terms, telephonic switching apparatus production expanded sharply to $X in 2022 estimated in export price. Over the period under review, production recorded a strong expansion. The most prominent rate of growth was recorded in 2020 when the production volume increased by 34%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Telephonic Switching Apparatus Exports

Exports from China

For the ninth year in a row, China recorded growth in shipments abroad of telephonic or telegraphic switching apparatus, which increased by 65% to X units in 2022. Over the period under review, exports posted prominent growth. The pace of growth was the most pronounced in 2020 with an increase of 188% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, telephonic switching apparatus exports expanded to $X in 2022. In general, exports saw a resilient increase. The growth pace was the most rapid in 2018 with an increase of 17%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Exports by Country

The United States (X units), Hong Kong SAR (X units) and the Netherlands (X units) were the main destinations of telephonic switching apparatus exports from China, together comprising 15% of total exports. Japan, the UK, Germany, South Korea, Italy, the United Arab Emirates, India, Australia, Canada and Mexico lagged somewhat behind, together comprising a further 9.6%.

From 2012 to 2021, the biggest increases were recorded for Canada (with a CAGR of +17.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Hong Kong SAR ($X) and the Netherlands ($X) were the largest markets for telephonic switching apparatus exported from China worldwide, with a combined 46% share of total exports. Japan, the UK, Germany, India, South Korea, Mexico, Italy, Australia, the United Arab Emirates and Canada lagged somewhat behind, together comprising a further 25%.

In terms of the main countries of destination, South Korea, with a CAGR of +19.2%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average telephonic switching apparatus export price stood at $X per unit in 2021, approximately mirroring the previous year. Over the period under review, the export price, however, recorded a deep contraction. The pace of growth appeared the most rapid in 2013 an increase of 41%. The export price peaked at $X per unit in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

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 Hong Kong SAR ($X per unit), while the average price for exports to the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (+6.1%), while the prices for the other major destinations experienced more modest paces of growth.

Telephonic Switching Apparatus Imports

Imports into China

In 2022, imports of telephonic or telegraphic switching apparatus into China stood at X units, increasing by 2.9% on the previous year's figure. Over the period under review, imports posted a measured increase. The pace of growth was the most pronounced in 2021 with an increase of 75% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, telephonic switching apparatus imports soared to $X in 2022. Overall, imports showed strong growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Vietnam (X units) constituted the largest telephonic switching apparatus supplier to China, with a 17% share of total imports. Moreover, telephonic switching apparatus imports from Vietnam exceeded the figures recorded by the second-largest supplier, Thailand (X units), twofold. Malaysia (X units) ranked third in terms of total imports with a 6.6% share.

From 2012 to 2021, the average annual growth rate of volume from Vietnam amounted to +63.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+5.0% per year) and Malaysia (+1.5% per year).

In value terms, Vietnam ($X), Taiwan (Chinese) ($X) and South Korea ($X) constituted the largest telephonic switching apparatus suppliers to China, together comprising 54% of total imports.

Vietnam, with a CAGR of +61.7%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average telephonic switching apparatus import price stood at $X per unit in 2021, shrinking by -6.9% against the previous year. Overall, import price indicated prominent growth from 2012 to 2021: its price increased at an average annual rate of +9.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, telephonic switching apparatus import price increased by +123.2% against 2012 indices. The most prominent rate of growth was recorded in 2013 an increase of 70% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2020, and then dropped in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the Czech Republic ($X per unit), while the price for Thailand ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Czech Republic (+14.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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