Singapore: Telephone Market 2025

Telephone Market Size in Singapore

The Singaporean telephone market skyrocketed to $X in 2022, increasing by 503% against the previous year. Over the period under review, consumption saw a strong expansion. Telephone consumption peaked at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Telephone Production in Singapore

In value terms, telephone production surged to $X in 2022 estimated in export price. In general, production, however, faced a dramatic descent. The most prominent rate of growth was recorded in 2015 when the production volume increased by 147%. Telephone production peaked at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.

Telephone Exports

Exports from Singapore

In 2022, overseas shipments of telephones and videophones decreased by -16.4% to X units for the first time since 2019, thus ending a two-year rising trend. In general, exports recorded a abrupt downturn. The pace of growth appeared the most rapid in 2020 when exports increased by 50%. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, telephone exports shrank significantly to $X in 2022. Over the period under review, exports showed a deep slump. The growth pace was the most rapid in 2021 when exports increased by 52%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X units) was the main destination for telephone exports from Singapore, accounting for a 41% share of total exports. Moreover, telephone exports to the United States exceeded the volume sent to the second major destination, Japan (X units), twofold. The third position in this ranking was held by the United Arab Emirates (X units), with an 8.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States totaled +17.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+10.9% per year) and the United Arab Emirates (+54.8% per year).

In value terms, the United Arab Emirates ($X), the United States ($X) and Japan ($X) were the largest markets for telephone exported from Singapore worldwide, together accounting for 49% of total exports.

The United Arab Emirates, with a CAGR of +58.9%, saw the highest growth rate of the value of exports, among 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

In 2022, the average telephone export price amounted to $X per unit, approximately mirroring the previous year. Over the last decade, it increased at an average annual rate of +1.8%. The most prominent rate of growth was recorded in 2019 when the average export price increased by 18% against the previous year. The export price peaked in 2022 and is likely to continue growth in the near future.

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 Indonesia ($X per unit), while the average price for exports to Israel ($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 Indonesia (+25.6%), while the prices for the other major destinations experienced more modest paces of growth.

Telephone Imports

Imports into Singapore

Telephone imports into Singapore shrank to X units in 2022, declining by -13.7% on 2021. Overall, imports recorded a abrupt setback. The pace of growth appeared the most rapid in 2017 with an increase of 89%. Over the period under review, imports hit record highs at X units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, telephone imports soared to $X in 2022. In general, imports recorded a deep setback. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Malaysia (X units) constituted the largest telephone supplier to Singapore, accounting for a 60% share of total imports. Moreover, telephone imports from Malaysia exceeded the figures recorded by the second-largest supplier, China (X units), threefold. The third position in this ranking was held by Indonesia (X units), with a 7.7% share.

From 2012 to 2022, the average annual growth rate of volume from Malaysia stood at -9.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-15.8% per year) and Indonesia (+16.8% per year).

In value terms, China ($X), Malaysia ($X) and Indonesia ($X) were the largest telephone suppliers to Singapore, with a combined 83% share of total imports.

In terms of the main suppliers, Indonesia, with a CAGR of +9.2%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2022, the average telephone import price amounted to $X per unit, growing by 45% against the previous year. Overall, the import price, however, continues to indicate a pronounced downturn. The pace of growth was the most pronounced in 2016 when the average import price increased by 51%. As a result, import price attained the peak level of $X per unit. From 2017 to 2022, the average import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+0.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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