Eastern Asia: Mobile Phone Market 2024

Mobile Phone Market Size in Eastern Asia

For the third year in a row, the East Asian mobile phone market recorded growth in sales value, which increased by 41% to $X in 2022. The total consumption indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +7.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +119.6% against 2016 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Mobile Phone Production in Eastern Asia

In value terms, mobile phone production surged to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.4% over the period from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Mobile Phone Exports

Exports in Eastern Asia

Mobile phone exports declined rapidly to X units in 2022, dropping by -18.8% on 2021. Overall, exports recorded a noticeable reduction. The pace of growth was the most pronounced in 2018 with an increase of 28%. Over the period under review, the exports reached the peak figure at X units in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, mobile phone exports dropped modestly to $X in 2022. The total export value increased at an average annual rate of +4.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 when exports increased by 18% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2021, and then declined slightly in the following year.

Exports by Country

In 2022, China (X units) represented the major exporter of mobile phones, achieving 81% of total exports. It was distantly followed by Hong Kong SAR (X units), creating a 17% share of total exports.

China was also the fastest-growing in terms of the mobile phones exports, with a CAGR of -1.9% from 2012 to 2022. Hong Kong SAR (-2.8%) illustrated a downward trend over the same period. China (+7.1 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest mobile phone supplier in Eastern Asia, comprising 82% of total exports. The second position in the ranking was held by Hong Kong SAR ($X), with a 16% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in China amounted to +5.8%.

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per unit, jumping by 17% against the previous year. Export price indicated a strong increase from 2012 to 2022: its price increased at an average annual rate of +7.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, mobile phone export price increased by +46.0% against 2018 indices. The growth pace was the most rapid in 2016 an increase of 42%. The level of export peaked in 2022 and is likely to see steady growth in years to come.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was China ($X per unit), while Hong Kong SAR stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+12.8%).

Mobile Phone Imports

Imports in Eastern Asia

In 2022, after two years of growth, there was significant decline in purchases abroad of mobile phones, when their volume decreased by -21.1% to X units. Over the period under review, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when imports increased by 26% against the previous year. Over the period under review, imports reached the peak figure at X units in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, mobile phone imports fell rapidly to $X in 2022. Total imports indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +7.1% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 26% against the previous year. As a result, imports attained the peak of $X, and then dropped significantly in the following year.

Imports by Country

Hong Kong SAR dominates imports structure, accounting for X units, which was approx. 81% of total imports in 2022. It was distantly followed by Japan (X units), constituting an 8.7% share of total imports. The following importers - South Korea (X units) and China (X units) - each reached an 8.3% share of total imports.

Hong Kong SAR experienced a relatively flat trend pattern with regard to volume of imports of mobile phones. At the same time, South Korea (+9.9%), China (+7.9%) and Japan (+1.7%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of +9.9% from 2012-2022. From 2012 to 2022, the share of South Korea and China increased by +2.7 and +2.1 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Hong Kong SAR ($X) constitutes the largest market for imported mobile phones in Eastern Asia, comprising 58% of total imports. The second position in the ranking was taken by Japan ($X), with a 27% share of total imports. It was followed by South Korea, with a 7.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Hong Kong SAR amounted to +5.3%. The remaining importing countries recorded the following average annual rates of imports growth: Japan (+2.1% per year) and South Korea (+16.7% per year).

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per unit, increasing by 6.6% against the previous year. Import price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, mobile phone import price increased by +88.8% against 2016 indices. The most prominent rate of growth was recorded in 2021 an increase of 24% against the previous year. The level of import peaked in 2022 and is likely to continue growth in years to come.

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 Japan ($X per unit), while Hong Kong SAR ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+6.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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