Eastern Asia: Telephone Market 2024

Telephone Market Size in Eastern Asia

The East Asian telephone market contracted modestly to $X in 2022, which is down by -2% against the previous year. In general, consumption recorded a abrupt decline. The growth pace was the most rapid in 2021 when the market value increased by 1.8%. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Telephone Production in Eastern Asia

In value terms, telephone production shrank modestly to $X in 2022 estimated in export price. Over the period under review, production showed a deep reduction. The pace of growth was the most pronounced in 2016 when the production volume increased by 35%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Telephone Exports

Exports in Eastern Asia

In 2022, telephone exports in Eastern Asia reduced to X units, with a decrease of -10.5% compared with the previous year's figure. Overall, exports continue to indicate a abrupt contraction. The smallest decline of -0.4% was in 2021. Over the period under review, the exports attained the peak figure at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, telephone exports skyrocketed to $X in 2022. Over the period under review, exports showed a deep downturn. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

China was the largest exporter of telephones and videophones in Eastern Asia, with the volume of exports accounting for X units, which was near 76% of total exports in 2022. It was distantly followed by Hong Kong SAR (X units), constituting a 19% share of total exports. The following exporters - South Korea (X units) and Taiwan (Chinese) (X units) - each resulted at a 4.2% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to telephone exports from China stood at -10.4%. At the same time, South Korea (+21.0%) and Taiwan (Chinese) (+3.2%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of +21.0% from 2012-2022. By contrast, Hong Kong SAR (-13.2%) illustrated a downward trend over the same period. South Korea (+2.3 p.p.) and China (+2.3 p.p.) significantly strengthened its position in terms of the total exports, while Hong Kong SAR saw its share reduced by -6.2% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest telephone supplier in Eastern Asia, comprising 61% of total exports. The second position in the ranking was taken by Hong Kong SAR ($X), with a 17% share of total exports. It was followed by South Korea, with a 14% share.

In China, telephone exports plunged by an average annual rate of -8.1% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Hong Kong SAR (-12.7% per year) and South Korea (+22.6% per year).

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per unit, with an increase of 38% against the previous year. Export price indicated a pronounced expansion from 2012 to 2022: its price increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, telephone export price increased by +68.7% against 2018 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was South Korea ($X per unit), while China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+2.6%), while the other leaders experienced more modest paces of growth.

Telephone Imports

Imports in Eastern Asia

In 2022, approx. X units of telephones and videophones were imported in Eastern Asia; which is down by -33.8% compared with 2021. In general, imports saw a abrupt curtailment. The smallest decline of -5.2% was in 2021. The volume of import peaked at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, telephone imports shrank rapidly to $X in 2022. Overall, imports showed a abrupt curtailment. The most prominent rate of growth was recorded in 2013 with an increase of 2% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Hong Kong SAR represented the largest importer of telephones and videophones in Eastern Asia, with the volume of imports finishing at X units, which was approx. 51% of total imports in 2022. It was distantly followed by Japan (X units), Taiwan (Chinese) (X units) and South Korea (X units), together comprising a 48% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Japan (with a CAGR of -2.9%), while purchases for the other leaders experienced a decline in the imports figures.

In value terms, Japan ($X), Hong Kong SAR ($X) and Taiwan (Chinese) ($X) constituted the countries with the highest levels of imports in 2022, together comprising 83% of total imports.

In terms of the main importing countries, Japan, with a CAGR of -4.2%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per unit, increasing by 28% against the previous year. Import price indicated prominent growth from 2012 to 2022: its price increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, telephone import price increased by +76.3% against 2016 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was South Korea ($X per unit), while Hong Kong SAR ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+4.0%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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