Vietnam: Telephone Apparatus Market 2024

Telephone Apparatus Market Size in Vietnam

The Vietnamese telephone apparatus market was finally on the rise to reach $X in 2022, after three years of decline. In general, consumption, however, saw a perceptible shrinkage. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Telephone Apparatus Production in Vietnam

In value terms, telephone apparatus production stood at less than $X in 2022 estimated in export price. In general, production, however, saw a abrupt curtailment. The pace of growth was the most pronounced in 2016 with an increase of 161%. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Telephone Apparatus Exports

Exports from Vietnam

In 2022, shipments abroad of telephone apparatus decreased by -24.6% to X tons for the first time since 2016, thus ending a five-year rising trend. Over the period under review, exports, however, saw a prominent expansion. The most prominent rate of growth was recorded in 2013 when exports increased by 96%. Over the period under review, the exports attained the peak figure at X tons in 2021, and then contracted remarkably in the following year.

In value terms, telephone apparatus exports dropped to $X in 2022. Overall, exports, however, continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2013 with an increase of 122%. The exports peaked at $X in 2021, and then declined in the following year.

Exports by Country

The United States (X tons), India (X tons) and South Korea (X tons) were the main destinations of telephone apparatus exports from Vietnam, with a combined 14% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by South Korea (with a CAGR of +59.6%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for telephone apparatus exported from Vietnam were China ($X), the United States ($X) and South Korea ($X), together comprising 43% of total exports.

In terms of the main countries of destination, China, with a CAGR of +77.1%, recorded 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

The average telephone apparatus export price stood at $X per ton in 2021, falling by -15% against the previous year. In general, export price indicated a perceptible expansion from 2012 to 2021: its price increased at an average annual rate of +2.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, telephone apparatus export price decreased by -38.5% against 2018 indices. The pace of growth was the most pronounced in 2017 when the average export price increased by 26% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to India ($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 China (+18.5%), while the prices for the other major destinations experienced more modest paces of growth.

Telephone Apparatus Imports

Imports into Vietnam

In 2022, approx. X tons of telephone apparatus were imported into Vietnam; increasing by 19% against the year before. Overall, imports continue to indicate a significant expansion. The growth pace was the most rapid in 2013 with an increase of 1,292% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, telephone apparatus imports reduced markedly to $X in 2022. Over the period under review, imports recorded buoyant growth. The pace of growth appeared the most rapid in 2013 with an increase of 59%. Imports peaked at $X in 2021, and then reduced rapidly in the following year.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of telephone apparatus to Vietnam, accounting for a 17% share of total imports. Moreover, telephone apparatus imports from China exceeded the figures recorded by the second-largest supplier, South Korea (X tons), eightfold. Hong Kong SAR (X tons) ranked third in terms of total imports with a 1.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +18.6%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+3.3% per year) and Hong Kong SAR (+31.6% per year).

In value terms, the largest telephone apparatus suppliers to Vietnam were South Korea ($X), China ($X) and Hong Kong SAR ($X), together comprising 65% of total imports.

Hong Kong SAR, with a CAGR of +33.0%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average telephone apparatus import price amounted to $X per ton, picking up by 87% against the previous year. Over the period under review, the import price, however, showed a deep slump. The most prominent rate of growth was recorded in 2014 when the average import price increased by 199%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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 South Korea ($X per ton), while the price for Hong Kong SAR ($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 (+18.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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