Hong Kong SAR, China: Line Telephone Market 2025

Line Telephone Market Size in Hong Kong SAR, China

In 2022, after three years of growth, there was decline in the Hong Kong line telephone market, when its value decreased by -1.1% to $X. Over the period under review, consumption, however, recorded a resilient increase. As a result, consumption reached the peak level of $X, and then shrank modestly in the following year.

Line Telephone Production in Hong Kong SAR, China

In value terms, line telephone production dropped slightly to $X in 2022 estimated in export price. Over the period under review, production, however, showed prominent growth. The pace of growth appeared the most rapid in 2019 when the production volume increased by 66% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2022, production growth failed to regain momentum.

Line Telephone Exports

Exports from Hong Kong SAR, China

In 2022, the amount of line telephone sets with cordless handsets exported from Hong Kong SAR declined rapidly to X units, waning by -20.3% against the year before. Over the period under review, exports faced a deep setback. The pace of growth was the most pronounced in 2019 with an increase of 4.1% against the previous year. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, line telephone exports reduced modestly to $X in 2022. Overall, exports faced a deep contraction. The pace of growth appeared the most rapid in 2021 when exports increased by 10%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X units) was the main destination for line telephone exports from Hong Kong SAR, accounting for a 28% share of total exports. Moreover, line telephone exports to the United States exceeded the volume sent to the second major destination, the Netherlands (X units), threefold. The third position in this ranking was held by Sweden (X units), with a 9.6% share.

From 2012 to 2022, the average annual growth rate of volume to the United States amounted to -13.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (-1.4% per year) and Sweden (+2.2% per year).

In value terms, the largest markets for line telephone exported from Hong Kong SAR were the United States ($X), the Netherlands ($X) and Sweden ($X), together accounting for 46% of total exports. France, Japan, Germany, China, the UK, South Korea, Spain, Italy, Malaysia and Mexico lagged somewhat behind, together comprising a further 40%.

South Korea, with a CAGR of +43.5%, 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

The average line telephone export price stood at $X per unit in 2022, growing by 20% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 26% against the previous year. The export price peaked in 2022 and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per unit), while the average price for exports to Malaysia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+2.9%), while the prices for the other major destinations experienced more modest paces of growth.

Line Telephone Imports

Imports into Hong Kong SAR, China

For the tenth year in a row, Hong Kong SAR recorded decline in overseas purchases of line telephone sets with cordless handsets, which decreased by -40.4% to X units in 2022. Overall, imports continue to indicate a deep setback. The smallest decline of -5.4% was in 2021. Over the period under review, imports hit record highs at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, line telephone imports shrank markedly to $X in 2022. Over the period under review, imports saw a deep contraction. The most prominent rate of growth was recorded in 2021 with an increase of 12%. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of line telephone to Hong Kong SAR, with a 87% share of total imports. Moreover, line telephone imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from China amounted to -19.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-5.6% per year) and Malaysia (+4.9% per year).

In value terms, China ($X) constituted the largest supplier of line telephone sets with cordless handsets to Hong Kong SAR, comprising 84% of total imports. The second position in the ranking was held by the United States ($X), with a 9.7% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China amounted to -17.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-5.4% per year) and Malaysia (+6.3% per year).

Import Prices by Country

The average line telephone import price stood at $X per unit in 2022, picking up by 23% against the previous year. Over the last decade, it increased at an average annual rate of +3.0%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per unit), while the price for Malaysia ($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 (+2.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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