Global Network Communications Equipment Market 2024

Network Communications Equipment Market Size

The global network communications equipment market soared to $X in 2022, with an increase of 18% against the previous year. Over the period under review, the total consumption indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +24.0% against 2020 indices. Over the period under review, the global market reached the maximum level in 2022 and is likely to continue growth in years to come.

Network Communications Equipment Production

In value terms, network communications equipment production amounted to $X in 2022 estimated in export price. In general, the total production indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +2.4% against 2019 indices. The growth pace was the most rapid in 2016 when the production volume increased by 30% against the previous year. Over the period under review, global production attained the maximum level at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Network Communications Equipment Exports

Exports

In 2022, after six years of growth, there was significant decline in overseas shipments of network communications equipment, when their volume decreased by -8.7% to X units. The total export volume increased at an average annual rate of +2.4% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 13%. As a result, the exports reached the peak of X units, and then reduced in the following year.

In value terms, network communications equipment exports rose slightly to $X in 2022. In general, exports, however, enjoyed strong growth. The growth pace was the most rapid in 2021 with an increase of 25% against the previous year. The global exports peaked in 2022 and are likely to see gradual growth in the near future.

Exports by Country

China represented the main exporting country with an export of around X units, which accounted for 45% of total exports. Hong Kong SAR (X units) ranks second in terms of the total exports with an 11% share, followed by Taiwan (Chinese) (7.5%) and Vietnam (6.8%). Mexico (X units), Malaysia (X units), Singapore (X units), Germany (X units), the United States (X units), the Czech Republic (X units), the Netherlands (X units) and Poland (X units) followed a long way behind the leaders.

China experienced a relatively flat trend pattern with regard to volume of exports of network communications equipment. At the same time, Vietnam (+48.0%), Poland (+24.2%), Mexico (+14.9%), Taiwan (Chinese) (+9.4%), Singapore (+9.3%), Germany (+8.4%), Malaysia (+7.7%) and the Czech Republic (+3.4%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in the world, with a CAGR of +48.0% from 2012-2022. The United States and Hong Kong SAR experienced a relatively flat trend pattern. By contrast, the Netherlands (-5.6%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Vietnam, Taiwan (Chinese), Mexico, Poland, Malaysia and Singapore increased by +6.6, +3.6, +3, +1.7, +1.6 and +1.5 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Hong Kong SAR ($X), China ($X) and the United States ($X) appeared to be the countries with the highest levels of exports in 2022, together comprising 64% of global exports. Malaysia, the Netherlands, Mexico, Taiwan (Chinese), Germany, Singapore, the Czech Republic, Vietnam and Poland lagged somewhat behind, together comprising a further 28%.

In terms of the main exporting countries, Vietnam, with a CAGR of +50.1%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average network communications equipment export price amounted to $X per unit, growing by 12% against the previous year. Over the last decade, it increased at an average annual rate of +4.8%. The growth pace was the most rapid in 2016 when the average export price increased by 14% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United States ($X per unit), while Vietnam ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+21.1%), while the other global leaders experienced more modest paces of growth.

Network Communications Equipment Imports

Imports

For the third year in a row, the global market recorded growth in purchases abroad of network communications equipment, which increased by 8.8% to X units in 2022. Over the period under review, total imports indicated a remarkable increase from 2012 to 2022: its volume increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +73.5% against 2016 indices. The growth pace was the most rapid in 2021 when imports increased by 18%. Global imports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, network communications equipment imports rose rapidly to $X in 2022. In general, imports posted resilient growth. The most prominent rate of growth was recorded in 2021 when imports increased by 34%. Global imports peaked in 2022 and are likely to see steady growth in years to come.

Imports by Country

In 2022, the United States (X units), distantly followed by Germany (X units), Taiwan (Chinese) (X units), Hong Kong SAR (X units), Mexico (X units) and China (X units) represented the major importers of network communications equipment, together comprising 63% of total imports. The Netherlands (X units), the Czech Republic (X units), the UK (X units), Poland (X units), Malaysia (X units), Singapore (X units) and Russia (X units) followed a long way behind the leaders.

Imports into the United States increased at an average annual rate of +4.3% from 2012 to 2022. At the same time, Taiwan (Chinese) (+25.6%), China (+18.5%), Germany (+13.5%), Malaysia (+12.8%), Singapore (+12.6%), Poland (+12.4%), Russia (+11.7%), the Czech Republic (+6.9%), Mexico (+5.5%) and the UK (+2.7%) displayed positive paces of growth. Moreover, Taiwan (Chinese) emerged as the fastest-growing importer imported in the world, with a CAGR of +25.6% from 2012-2022. By contrast, the Netherlands (-3.2%) and Hong Kong SAR (-3.9%) illustrated a downward trend over the same period. Germany (+6.1 p.p.), Taiwan (Chinese) (+6 p.p.) and China (+3.4 p.p.) significantly strengthened its position in terms of the global imports, while the United States, the Netherlands and Hong Kong SAR saw its share reduced by -2%, -3.8% and -10.2% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Hong Kong SAR ($X), China ($X) and the United States ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined 47% share of global imports. Germany, the Netherlands, Taiwan (Chinese), Mexico, the Czech Republic, Singapore, the UK, Poland, Russia and Malaysia lagged somewhat behind, together comprising a further 31%.

Taiwan (Chinese), with a CAGR of +37.1%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average network communications equipment import price amounted to $X per unit, increasing by 5.4% against the previous year. Over the last decade, it increased at an average annual rate of +3.9%. The most prominent rate of growth was recorded in 2021 when the average import price increased by 14% against the previous year. Global import price peaked in 2022 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was China ($X per unit), while Malaysia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+15.0%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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