Eastern Asia: Telephone Apparatus Market 2024

Telephone Apparatus Market Size in Eastern Asia

In 2022, the East Asian telephone apparatus market decreased by -41% to $X, falling for the fourth year in a row after two years of growth. Over the period under review, consumption recorded a abrupt curtailment. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Telephone Apparatus Production in Eastern Asia

In value terms, telephone apparatus production totaled $X in 2022 estimated in export price. The total production indicated mild growth from 2012 to 2022: its value increased at an average annual rate of +1.8% 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 -0.5% against 2020 indices. The most prominent rate of growth was recorded in 2014 when the production volume increased by 47% against the previous year. Over the period under review, production attained the maximum level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Telephone Apparatus Exports

Exports in Eastern Asia

In 2022, approx. X tons of telephone apparatus were exported in Eastern Asia; increasing by 20% compared with the previous year's figure. In general, exports posted a prominent expansion. The pace of growth was the most pronounced in 2020 with an increase of 43% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to see steady 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 +4.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when exports increased by 15%. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Exports by Country

China was the major exporter of telephone apparatus in Eastern Asia, with the volume of exports accounting for X tons, which was near 80% of total exports in 2022. It was distantly followed by Hong Kong SAR (X tons), generating a 15% share of total exports. The following exporters - Taiwan (Chinese) (X tons) and South Korea (X tons) - together made up 5% of total exports.

China was also the fastest-growing in terms of the telephone apparatus exports, with a CAGR of +7.2% from 2012 to 2022. At the same time, Taiwan (Chinese) (+4.5%) and Hong Kong SAR (+1.3%) displayed positive paces of growth. By contrast, South Korea (-5.4%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China increased by +12 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest telephone apparatus supplier in Eastern Asia, comprising 69% of total exports. The second position in the ranking was held by Hong Kong SAR ($X), with a 22% share of total exports. It was followed by South Korea, with a 5.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value in China totaled +5.4%. In the other countries, the average annual rates were as follows: Hong Kong SAR (+4.5% per year) and South Korea (-2.6% per year).

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2022, which is down by -16.2% against the previous year. Overall, the export price recorded a mild slump. The most prominent rate of growth was recorded in 2016 when the export price increased by 48%. Over the period under review, the export prices reached the maximum at $X per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was South Korea ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+3.1%), while the other leaders experienced mixed trends in the export price figures.

Telephone Apparatus Imports

Imports in Eastern Asia

In 2022, overseas purchases of telephone apparatus decreased by -11.8% to X tons, falling for the fourth year in a row after two years of growth. Overall, imports, however, saw a noticeable expansion. The most prominent rate of growth was recorded in 2013 with an increase of 216% against the previous year. The volume of import peaked at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, telephone apparatus imports fell notably to $X in 2022. Over the period under review, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 21%. As a result, imports reached the peak of $X, and then fell notably in the following year.

Imports by Country

China (X tons) and Hong Kong SAR (X tons) prevails in imports structure, together making up 79% of total imports. South Korea (X tons) took the next position in the ranking, followed by Japan (X tons). All these countries together took approx. 17% share of total imports. Taiwan (Chinese) (X tons) took a minor share of total imports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +20.1%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, China ($X), Hong Kong SAR ($X) and South Korea ($X) were the countries with the highest levels of imports in 2022, together comprising 84% of total imports.

Among the main importing countries, China, with a CAGR of +8.5%, recorded the highest growth rate of 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 Eastern Asia stood at $X per ton in 2022, reducing by -26.2% against the previous year. Overall, the import price continues to indicate a perceptible curtailment. The pace of growth was the most pronounced in 2014 when the import price increased by 88% against the previous year. Over the period under review, import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Japan ($X per ton), while Hong Kong SAR ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+0.0%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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