Singapore: Telephone Apparatus Market 2024

Telephone Apparatus Market Size in Singapore

In 2022, the Singaporean telephone apparatus market was finally on the rise to reach $X after two years of decline. Overall, consumption, however, showed a pronounced setback. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Telephone Apparatus Production in Singapore

In value terms, telephone apparatus production amounted to less than $X in 2022 estimated in export price. Over the period under review, production recorded a significant expansion. The most prominent rate of growth was recorded in 2016 with an increase of 946%. As a result, production attained the peak level of $X. From 2017 to 2022, production growth remained at a lower figure.

Telephone Apparatus Exports

Exports from Singapore

In 2022, after two years of growth, there was significant decline in overseas shipments of telephone apparatus, when their volume decreased by -12.6% to X tons. Over the period under review, exports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by 48% against the previous year. As a result, the exports reached the peak of X tons, and then dropped in the following year.

In value terms, telephone apparatus exports rose rapidly to $X in 2022. In general, total exports indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +5.7% 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 +54.2% against 2017 indices. The growth pace was the most rapid in 2015 when exports increased by 20%. Over the period under review, the exports attained the peak figure in 2022 and are likely to see steady growth in the near future.

Exports by Country

Indonesia (X tons), the United States (X tons) and Malaysia (X tons) were the main destinations of telephone apparatus exports from Singapore, with a combined 12% share of total exports. Vietnam, the United Arab Emirates, China, the Philippines, Hong Kong SAR, the Netherlands, Thailand, Japan, Taiwan (Chinese) and India lagged somewhat behind, together accounting for a further 15%.

From 2012 to 2021, the biggest increases were recorded for the United Arab Emirates (with a CAGR of +44.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X), Malaysia ($X) and the United States ($X) constituted the largest markets for telephone apparatus exported from Singapore worldwide, with a combined 34% share of total exports. Vietnam, the Philippines, China, Hong Kong SAR, the United Arab Emirates, the Netherlands, Thailand, Taiwan (Chinese), Japan and India lagged somewhat behind, together comprising a further 36%.

Among the main countries of destination, the United Arab Emirates, with a CAGR of +49.9%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average telephone apparatus export price amounted to $X per ton, waning by -20.2% against the previous year. Over the period under review, export price indicated pronounced growth from 2012 to 2021: its price increased at an average annual rate of +3.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, telephone apparatus export price decreased by -36.5% against 2019 indices. The pace of growth appeared the most rapid in 2013 when the average export price increased by 30% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2019; however, from 2020 to 2021, the export prices stood at a somewhat 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 Malaysia ($X per ton), while the average price for exports to the United Arab Emirates ($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 the Netherlands (+12.9%), while the prices for the other major destinations experienced more modest paces of growth.

Telephone Apparatus Imports

Imports into Singapore

In 2022, purchases abroad of telephone apparatus was finally on the rise to reach X tons after three years of decline. Over the period under review, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when imports increased by 56%. As a result, imports reached the peak of X tons. From 2019 to 2022, the growth of imports failed to regain momentum.

In value terms, telephone apparatus imports contracted notably to $X in 2022. In general, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2019 with an increase of 13%. Over the period under review, imports hit record highs at $X in 2021, and then shrank markedly in the following year.

Imports by Country

In 2021, China (X tons) constituted the largest telephone apparatus supplier to Singapore, with a 23% share of total imports. Moreover, telephone apparatus imports from China exceeded the figures recorded by the second-largest supplier, Malaysia (X tons), fivefold. Indonesia (X tons) ranked third in terms of total imports with a 2.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +8.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+5.5% per year) and Indonesia (+25.4% per year).

In value terms, China ($X) constituted the largest supplier of telephone apparatus to Singapore, comprising 65% of total imports. The second position in the ranking was taken by Malaysia ($X), with a 9.6% share of total imports. It was followed by Indonesia, with a 4.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +14.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+8.1% per year) and Indonesia (+33.9% per year).

Import Prices by Country

In 2021, the average telephone apparatus import price amounted to $X per ton, jumping by 48% against the previous year. In general, import price indicated measured growth from 2012 to 2021: its price increased at an average annual rate of +2.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, telephone apparatus import price increased by +102.5% against 2018 indices. 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 2021, amid the top importers, the country with the highest price was Vietnam ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+9.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :