U.S.: Telephone Apparatus Market 2022

Telephone Apparatus Market Size in the U.S.

In 2021, the U.S. telephone apparatus market increased by 204% to $X, rising for the third consecutive year after three years of decline. In general, consumption recorded a resilient expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Telephone Apparatus Production in the U.S.

In value terms, telephone apparatus production contracted to $X in 2021. Overall, production, however, recorded a pronounced shrinkage. The pace of growth was the most pronounced in 2013 when the production volume increased by 5.1%. As a result, production attained the peak level of $X. From 2014 to 2021, production growth failed to regain momentum.

Telephone Apparatus Exports

Exports from the U.S.

For the tenth year in a row, the United States recorded growth in shipments abroad of telephone apparatus, which increased by 0.4% to X tons in 2021. In general, exports saw a resilient expansion. The pace of growth was the most pronounced in 2017 with an increase of 17% against the previous year. The exports peaked in 2021 and are likely to see gradual growth in the near future.

In value terms, telephone apparatus exports expanded remarkably to $X in 2021. The total export value increased at an average annual rate of +1.1% from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

Exports by Country

Mexico (X tons), the Netherlands (X tons) and Hong Kong SAR (X tons) were the main destinations of telephone apparatus exports from the United States, together accounting for 45% of total exports. These countries were followed by Canada, China, Brazil, Singapore, Japan, the United Arab Emirates, the UK, Thailand, India and South Korea, which together accounted for a further 32%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United Arab Emirates (with a CAGR of +29.6%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for telephone apparatus exported from the United States were Hong Kong SAR ($X), Canada ($X) and Mexico ($X), with a combined 36% share of total exports. These countries were followed by the United Arab Emirates, the Netherlands, the UK, China, Japan, Singapore, Brazil, Thailand, India and South Korea, which together accounted for a further 29%.

Among the main countries of destination, the United Arab Emirates, with a CAGR of +35.3%, recorded the highest growth rate of 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, rising by 13% against the previous year. Overall, the export price, however, saw a deep slump. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Mexico ($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 United Arab Emirates (+4.4%), while the prices for the other major destinations experienced a decline.

Telephone Apparatus Imports

Imports into the U.S.

In 2021, telephone apparatus imports into the United States soared to X tons, increasing by 32% on 2020 figures. Over the period under review, imports recorded a prominent expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, telephone apparatus imports surged to $X in 2021. The total import value increased at an average annual rate of +3.4% over the period from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. Imports peaked at $X in 2017; however, from 2018 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of telephone apparatus to the United States, accounting for a 40% share of total imports. Moreover, telephone apparatus imports from China exceeded the figures recorded by the second-largest supplier, Vietnam (X tons), twofold. Mexico (X tons) ranked third in terms of total imports with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +8.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+45.7% per year) and Mexico (+12.6% per year).

In value terms, China ($X) constituted the largest supplier of telephone apparatus to the United States, comprising 55% of total imports. The second position in the ranking was taken by Vietnam ($X), with a 16% share of total imports. It was followed by Mexico, with a 7.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +2.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+49.8% per year) and Mexico (-1.4% per year).

Import Prices by Country

The average telephone apparatus import price stood at $X per ton in 2021, reducing by -11% against the previous year. Overall, the import price recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2014 when the average import price increased by 9.4% against the previous year. As a result, import price reached the peak level of $X per ton. From 2015 to 2021, the average import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was China ($X per ton), while the price for Mexico ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+2.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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