Vietnam: Telephonic Switching Apparatus Market 2024

Telephonic Switching Apparatus Market Size in Vietnam

The Vietnamese telephonic switching apparatus market soared to $X in 2022, rising by 22% against the previous year. Overall, the total consumption indicated notable growth from 2012 to 2022: its value increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -6.8% against 2020 indices. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Telephonic Switching Apparatus Production in Vietnam

In value terms, telephonic switching apparatus production surged to $X in 2022 estimated in export price. Overall, production, however, showed strong growth. The pace of growth was the most pronounced in 2020 when the production volume increased by 100%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Telephonic Switching Apparatus Exports

Exports from Vietnam

After seven years of growth, shipments abroad of telephonic or telegraphic switching apparatus decreased by -29.5% to X units in 2022. Overall, exports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 144% against the previous year. As a result, the exports reached the peak of X units, and then contracted markedly in the following year.

In value terms, telephonic switching apparatus exports declined dramatically to $X in 2022. Over the period under review, exports, however, showed a significant expansion. The growth pace was the most rapid in 2020 when exports increased by 119% against the previous year. Over the period under review, the exports reached the maximum at $X in 2021, and then contracted rapidly in the following year.

Exports by Country

The United States (X units) was the main destination for telephonic switching apparatus exports from Vietnam, with a 8.7% share of total exports. Moreover, telephonic switching apparatus exports to the United States exceeded the volume sent to the second major destination, the Netherlands (X units), more than tenfold. The third position in this ranking was held by South Korea (X units), with a 0.4% share.

From 2012 to 2021, the average annual growth rate of volume to the United States stood at +38.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+9.4% per year) and South Korea (+66.5% per year).

In value terms, the United States ($X) remains the key foreign market for telephonic or telegraphic switching apparatus exports from Vietnam, comprising 28% of total exports. The second position in the ranking was held by South Korea ($X), with a 1.3% share of total exports. It was followed by Germany, with a 1.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States amounted to +35.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (+86.1% per year) and Germany (+114.2% per year).

Export Prices by Country

In 2021, the average telephonic switching apparatus export price amounted to $X per unit, which is down by -28% against the previous year. Overall, export price indicated a strong expansion from 2012 to 2021: its price increased at an average annual rate of +8.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when the average export price increased by 62% against the previous year. The export price peaked at $X per unit in 2020, and then shrank dramatically in the following year.

Average prices varied somewhat for the major foreign markets. In 2021, amid the top suppliers, the highest price was recorded for prices to Italy ($X per unit) and the United States ($X per unit), while the average price for exports to the UK ($X per unit) and the Netherlands ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+12.3%), while the prices for the other major destinations experienced more modest paces of growth.

Telephonic Switching Apparatus Imports

Imports into Vietnam

In 2022, after three years of growth, there was decline in supplies from abroad of telephonic or telegraphic switching apparatus, when their volume decreased by -2.4% to X units. Overall, imports, however, saw resilient growth. The pace of growth appeared the most rapid in 2014 when imports increased by 77% against the previous year. Imports peaked at X units in 2021, and then declined modestly in the following year.

In value terms, telephonic switching apparatus imports shrank slightly to $X in 2022. Over the period under review, imports, however, posted resilient growth. The growth pace was the most rapid in 2014 with an increase of 84% against the previous year. Over the period under review, imports attained the peak figure at $X in 2021, and then declined modestly in the following year.

Imports by Country

In 2021, China (X units) constituted the largest telephonic switching apparatus supplier to Vietnam, with a 36% share of total imports. Moreover, telephonic switching apparatus imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), more than tenfold. Malaysia (X units) ranked third in terms of total imports with a 1.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +21.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+2.2% per year) and Malaysia (+11.8% per year).

In value terms, China ($X) constituted the largest supplier of telephonic or telegraphic switching apparatus to Vietnam, comprising 61% of total imports. The second position in the ranking was held by the United States ($X), with a 3.9% share of total imports. It was followed by Malaysia, with a 3.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +19.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+7.8% per year) and Malaysia (+11.5% per year).

Import Prices by Country

The average telephonic switching apparatus import price stood at $X per unit in 2021, rising by 1.6% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 8.7%. The import price peaked at $X per unit 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 Mexico ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+8.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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