Hong Kong SAR, China: Telephone Apparatus Market 2024

Telephone Apparatus Market Size in Hong Kong SAR, China

In 2022, the Hong Kong telephone apparatus market decreased by -7% to $X, falling for the fourth year in a row after two years of growth. Overall, consumption recorded a prominent expansion. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Telephone Apparatus Production in Hong Kong SAR, China

In value terms, telephone apparatus production amounted to less than $X in 2022 estimated in export price. In general, production recorded a relatively flat trend pattern.

Telephone Apparatus Exports

Exports from Hong Kong SAR, China

In 2022, overseas shipments of telephone apparatus increased by 7.6% to X tons, rising for the third consecutive year after four years of decline. Overall, total exports indicated a slight expansion from 2012 to 2022: its volume increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +21.1% against 2019 indices. The most prominent rate of growth was recorded in 2014 with an increase of 129% against the previous year. The exports peaked at X tons in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, telephone apparatus exports rose notably to $X in 2022. The total export value increased at an average annual rate of +4.5% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2013 when exports increased by 22%. The exports peaked in 2022 and are likely to see steady growth in the near future.

Exports by Country

China (X tons) was the main destination for telephone apparatus exports from Hong Kong SAR, with a 13% share of total exports. Moreover, telephone apparatus exports to China exceeded the volume sent to the second major destination, India (X tons), threefold. The United States (X tons) ranked third in terms of total exports with a 3.3% share.

From 2012 to 2021, the average annual growth rate of volume to China stood at -4.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+7.1% per year) and the United States (-7.3% per year).

In value terms, China ($X) remains the key foreign market for telephone apparatus exports from Hong Kong SAR, comprising 30% of total exports. The second position in the ranking was held by the United States ($X), with an 8% share of total exports. It was followed by the Netherlands, with a 5.3% share.

From 2012 to 2021, the average annual growth rate of value to China was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+1.9% per year) and the Netherlands (+8.6% per year).

Export Prices by Country

In 2021, the average telephone apparatus export price amounted to $X per ton, surging by 6.4% against the previous year. Overall, the export price recorded a perceptible increase. The most prominent rate of growth was recorded in 2013 when the average export price increased by 128% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the average 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 Russia ($X per ton), while the average price for exports to Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+13.7%), while the prices for the other major destinations experienced more modest paces of growth.

Telephone Apparatus Imports

Imports into Hong Kong SAR, China

In 2022, purchases abroad of telephone apparatus decreased by -34.3% to X tons, falling for the fourth year in a row after two years of growth. In general, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of 184%. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, telephone apparatus imports fell markedly to $X in 2022. Overall, imports continue to indicate a pronounced decline. The pace of growth was the most pronounced in 2021 with an increase of 18%. As a result, imports attained the peak of $X, and then fell significantly in the following year.

Imports by Country

In 2021, China (X tons) constituted the largest telephone apparatus supplier to Hong Kong SAR, accounting for a 24% share of total imports. Moreover, telephone apparatus imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), more than tenfold. Taiwan (Chinese) (X tons) ranked third in terms of total imports with a 0.8% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +2.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-0.1% per year) and Taiwan (Chinese) (-3.8% per year).

In value terms, China ($X) constituted the largest supplier of telephone apparatus to Hong Kong SAR, comprising 81% of total imports. The second position in the ranking was taken by the United States ($X), with a 5.2% share of total imports. It was followed by Japan, with a 3.7% share.

From 2012 to 2021, the average annual growth rate of value from China stood at +5.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+7.1% per year) and Japan (+4.9% per year).

Import Prices by Country

The average telephone apparatus import price stood at $X per ton in 2021, jumping by 52% against the previous year. In general, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average import price increased by 77% against the previous year. Over the period under review, average import prices reached the maximum in 2021 and is likely to continue growth in the immediate term.

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 United States ($X per ton), while the price for Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+7.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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