Telephone Apparatus Market

The global telephone apparatus market is projected to experience steady growth from 2022 to 2030, with an anticipated increase in both volume and value. Consumption, production, and exports are all expected to rise, with key players such as China, the United States, and the United Arab Emirates leading the market. Mobile phones and telephonic switching apparatus are the dominant products in the market, with varying price trends across different countries.

Market Forecast

Driven by increasing demand for telephone apparatus worldwide, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +2.6% for the period from 2022 to 2030, which is projected to bring the market volume to 3.7B units by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +4.8% for the period from 2022 to 2030, which is projected to bring the market value to $581.1B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Telephone Apparatus

In 2022, the amount of telephone apparatus consumed worldwide was estimated at 3B units, with an increase of 2.8% compared with the year before. The total consumption volume increased at an average annual rate of +2.9% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. Global consumption peaked in 2022 and is expected to retain growth in years to come.

The global telephone apparatus market revenue expanded to $400.3B in 2022, with an increase of 2.4% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +2.6% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 when the market value increased by 9.5%. Over the period under review, the global market attained the peak level in 2022 and is expected to retain growth in years to come.

Consumption By Country

China (632M units) constituted the country with the largest volume of telephone apparatus consumption, accounting for 21% of total volume. Moreover, telephone apparatus consumption in China exceeded the figures recorded by the second-largest consumer, the United Arab Emirates (301M units), twofold. The United States (277M units) ranked third in terms of total consumption with a 9.2% share.

In China, telephone apparatus consumption increased at an average annual rate of +4.5% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the United Arab Emirates (+18.6% per year) and the United States (+1.8% per year).

In value terms, the United States ($78.4B) led the market, alone. The second position in the ranking was taken by the United Arab Emirates ($29.3B). It was followed by Japan.

In the United States, the telephone apparatus market expanded at an average annual rate of +4.0% over the period from 2012-2022. The remaining consuming countries recorded the following average annual rates of market growth: the United Arab Emirates (+15.0% per year) and Japan (-0.9% per year).

In 2022, the highest levels of telephone apparatus per capita consumption was registered in the United Arab Emirates (30 units per person), followed by Canada (1.4 units per person), the UK (1.1 units per person) and the United States (0.8 units per person), while the world average per capita consumption of telephone apparatus was estimated at less than 0.1 units per person.

From 2012 to 2022, the average annual growth rate of the telephone apparatus per capita consumption in the United Arab Emirates stood at +17.5%. The remaining consuming countries recorded the following average annual rates of per capita consumption growth: Canada (+4.2% per year) and the UK (+2.3% per year).

Production

World Production of Telephone Apparatus

In 2022, approx. 3.7B units of telephone apparatus were produced worldwide; which is down by -2.8% compared with the previous year. The total output volume increased at an average annual rate of +2.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 when the production volume increased by 30%. Global production peaked at 3.8B units in 2021, and then reduced in the following year.

In value terms, telephone apparatus production fell modestly to $294B in 2022 estimated in export price. The total output value increased at an average annual rate of +2.5% over the period from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2013 with an increase of 10% against the previous year. Over the period under review, global production reached the peak level at $303.4B in 2019; however, from 2020 to 2022, production remained at a lower figure.

Production By Country

China (2.9B units) remains the largest telephone apparatus producing country worldwide, comprising approx. 79% of total volume. Moreover, telephone apparatus production in China exceeded the figures recorded by the second-largest producer, Vietnam (169M units), more than tenfold. India (156M units) ranked third in terms of total production with a 4.2% share.

From 2012 to 2022, the average annual growth rate of volume in China amounted to +2.7%. In the other countries, the average annual rates were as follows: Vietnam (+3.8% per year) and India (+10.6% per year).

Imports

World Imports of Telephone Apparatus

In 2022, overseas purchases of telephone apparatus increased by 1.5% to 4.2B units, rising for the third year in a row after two years of decline. The total import volume increased at an average annual rate of +4.5% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 17% against the previous year. Over the period under review, global imports attained the peak figure in 2022 and are likely to see steady growth in years to come.

In value terms, telephone apparatus imports rose to $552.2B in 2022. The total import value increased at an average annual rate of +4.8% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 15%. Global imports peaked in 2022 and are expected to retain growth in years to come.

Imports By Country

In 2022, Hong Kong SAR (611M units), China (604M units), the United Arab Emirates (412M units) and the United States (409M units) was the largest importer of telephone apparatus in the world, creating 49% of total import. India (166M units), Singapore (133M units), Mexico (131M units), Japan (124M units), the Netherlands (104M units), Germany (94M units), the UK (85M units), Russia (84M units) and Malaysia (68M units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by China (with a CAGR of +25.6%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, the United States ($120.1B) constitutes the largest market for imported telephone apparatus worldwide, comprising 22% of global imports. The second position in the ranking was taken by Hong Kong SAR ($46.6B), with an 8.4% share of global imports. It was followed by the United Arab Emirates, with a 5.4% share.

In the United States, telephone apparatus imports expanded at an average annual rate of +4.7% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Hong Kong SAR (+4.3% per year) and the United Arab Emirates (+12.2% per year).

Imports By Type

In 2022, telephonic or telegraphic switching apparatus (2.3B units) represented the largest type of telephone apparatus, comprising 61% of total imports. It was distantly followed by mobile phones (1.3B units), committing a 33% share of total imports. Communication apparatus (excluding telephone sets or base stations); machines for the transmission or reception of voice, images or other data (including wired/wireless networks), n.e.c. in item no. 8517.6 (111M units) and telephone sets n.e.c. in item no. 8517.1 (78M units) held a minor share of total imports.

From 2012 to 2022, the biggest increases were recorded for telephonic or telegraphic switching apparatus (with a CAGR of +11.7%), while purchases for the other products experienced mixed trends in the imports figures.

In value terms, mobile phones ($308.2B), telephonic or telegraphic switching apparatus ($218.7B) and communication apparatus (excluding telephone sets or base stations); machines for the transmission or reception of voice, images or other data (including wired/wireless networks), n.e.c. in item no. 8517.6 ($9.4B) appeared to be the products with the highest levels of imports in 2022, together comprising 98% of global imports.

Telephonic or telegraphic switching apparatus, with a CAGR of +7.5%, saw the highest rates of growth with regard to the value of imports, in terms of the main imported products over the period under review, while purchases for the other products experienced more modest paces of growth.

Import Prices By Type

The average telephone apparatus import price stood at $132 per unit in 2022, therefore, remained relatively stable against the previous year. Overall, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the average import price increased by 10% against the previous year. Over the period under review, average import prices attained the peak figure at $143 per unit in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

Prices varied noticeably by the product type; the product with the highest price was base stations ($370 per unit), while the price for line telephone sets with cordless handsets ($32 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by mobile phone (+7.1%), while the other products experienced more modest paces of growth.

Import Prices By Country

The average telephone apparatus import price stood at $132 per unit in 2022, remaining relatively unchanged against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 10%. Global import price peaked at $143 per unit in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the United States ($294 per unit), while China ($20 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 (+4.0%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Telephone Apparatus

In 2022, after five years of growth, there was decline in overseas shipments of telephone apparatus, when their volume decreased by -2.5% to 4.9B units. The total export volume increased at an average annual rate of +3.8% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2018 with an increase of 21% against the previous year. Over the period under review, the global exports reached the peak figure at 5B units in 2021, and then dropped in the following year.

In value terms, telephone apparatus exports stood at $521.6B in 2022. Over the period under review, total exports indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +5.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +77.7% against 2012 indices. The growth pace was the most rapid in 2013 when exports increased by 13%. The global exports peaked in 2022 and are likely to continue growth in years to come.

Exports By Country

China dominates exports structure, recording 2.9B units, which was near 59% of total exports in 2022. It was distantly followed by Hong Kong SAR (484M units), achieving a 10% share of total exports. Vietnam (171M units), the United States (157M units), Taiwan (Chinese) (143M units), Singapore (138M units), Malaysia (128M units), the United Arab Emirates (111M units), the Netherlands (92M units) and India (82M units) held a little share of total exports.

Exports from China increased at an average annual rate of +4.3% from 2012 to 2022. At the same time, the United Arab Emirates (+22.4%), Malaysia (+14.6%), Vietnam (+9.3%), Taiwan (Chinese) (+7.3%), Singapore (+6.5%), India (+4.8%), the Netherlands (+4.7%), the United States (+1.4%) and Hong Kong SAR (+1.4%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing exporter exported in the world, with a CAGR of +22.4% from 2012-2022. China (+3 p.p.), the United Arab Emirates (+1.8 p.p.) and Malaysia (+1.7 p.p.) significantly strengthened its position in terms of the global exports, while Hong Kong SAR saw its share reduced by -2.6% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($200.3B) remains the largest telephone apparatus supplier worldwide, comprising 38% of global exports. The second position in the ranking was held by Vietnam ($52.4B), with a 10% share of global exports. It was followed by Hong Kong SAR, with an 8.2% share.

In China, telephone apparatus exports expanded at an average annual rate of +5.8% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Vietnam (+17.1% per year) and Hong Kong SAR (+4.9% per year).

Exports By Type

Telephonic or telegraphic switching apparatus was the largest type of telephone apparatus in the world, with the volume of exports recording 3.1B units, which was approx. 65% of total exports in 2022. It was distantly followed by mobile phones (1.4B units), creating a 29% share of total exports. Communication apparatus (excluding telephone sets or base stations); machines for the transmission or reception of voice, images or other data (including wired/wireless networks), n.e.c. in item no. 8517.6 (125M units) followed a long way behind the leaders.

Telephonic or telegraphic switching apparatus was also the fastest-growing in terms of exports, with a CAGR of +9.4% from 2012 to 2022. At the same time, communication apparatus (excluding telephone sets or base stations); machines for the transmission or reception of voice, images or other data (including wired/wireless networks), n.e.c. in item no. 8517.6 (+6.6%) displayed positive paces of growth. By contrast, mobile phones (-2.9%) illustrated a downward trend over the same period. From 2012 to 2022, the share of telephonic or telegraphic switching apparatus increased by +28 percentage points. The shares of the other products remained relatively stable throughout the analyzed period.

In value terms, the largest types of exported telephone apparatus were mobile phones ($271.9B), telephonic or telegraphic switching apparatus ($206.3B) and communication apparatus (excluding telephone sets or base stations); machines for the transmission or reception of voice, images or other data (including wired/wireless networks), n.e.c. in item no. 8517.6 ($9.8B), together accounting for 98% of global exports.

Telephonic or telegraphic switching apparatus, with a CAGR of +7.7%, recorded the highest rates of growth with regard to the value of exports, among the main exported products over the period under review, while shipments for the other products experienced more modest paces of growth.

Export Prices By Type

In 2022, the average telephone apparatus export price amounted to $107 per unit, picking up by 7.7% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.1%. The pace of growth appeared the most rapid in 2015 an increase of 19% against the previous year. The global export price peaked at $116 per unit in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by the product type; the product with the highest price was base stations ($547 per unit), while the average price for exports of line telephone sets with cordless handsets ($34 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by mobile phone (+7.5%), while the other products experienced more modest paces of growth.

Export Prices By Country

The average telephone apparatus export price stood at $107 per unit in 2022, increasing by 7.7% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.1%. The pace of growth was the most pronounced in 2015 when the average export price increased by 19% against the previous year. The global export price peaked at $116 per unit in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Vietnam ($307 per unit), while Malaysia ($59 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+7.2%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform