Singapore - Mobile Phones - Market Analysis, Forecast, Size, Trends And Insights
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View PricingMobile Phone Price in Singapore - 2022
Contents:
- Mobile Phone Price in Singapore (FOB) - 2022
- Mobile Phone Price in Singapore (CIF) - 2022
- Mobile Phone Exports in Singapore
- Mobile Phone Imports in Singapore
Mobile Phone Price in Singapore (FOB) - 2022
The average mobile phone export price stood at $475 per unit in September 2022, rising by 11% against the previous month. Overall, the export price continues to indicate a prominent expansion. The pace of growth was the most pronounced in October 2021 an increase of 187% against the previous month. Over the period under review, the average export prices attained the peak figure at $504 per unit in June 2022; however, from July 2022 to September 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was the Philippines ($948 per unit), while the average price for exports to Malaysia ($316 per unit) was amongst the lowest.
From September 2021 to September 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+17.2%), while the prices for the other major destinations experienced more modest paces of growth.
Mobile Phone Price in Singapore (CIF) - 2022
The average mobile phone import price stood at $368 per unit in 2022, rising by 21% against the previous year. In general, the import price posted a prominent expansion. The growth pace was the most rapid in 2020 when the average import price increased by 40%. The import price peaked in 2022 and is likely to see steady growth in years to come.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($406 per unit), while the price for Indonesia ($55 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 (+18.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Mobile Phone Exports in Singapore
Mobile phone exports from Singapore shrank to 16M units in 2022, falling by -5.1% on 2021 figures. Over the period under review, exports saw a pronounced shrinkage. The pace of growth appeared the most rapid in 2021 with an increase of 18% against the previous year. The exports peaked at 17M units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, mobile phone exports contracted to $5B in 2022. The total export value increased at an average annual rate of +2.3% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 34% against the previous year. As a result, the exports reached the peak of $5.3B, and then reduced in the following year.
Export of Mobile Phone in Singapore (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Indonesia | 498 | 871 | 1,322 | 1,659 | 49.4% |
Malaysia | 1,298 | 909 | 1,359 | 1,158 | -3.7% |
Philippines | 616 | 379 | 671 | 783 | 8.3% |
United Arab Emirates | 0.1 | 1.9 | 5.2 | 472 | 1577.4% |
Thailand | 218 | 233 | 234 | 286 | 9.5% |
United States | 316 | 403 | 273 | 156 | -21.0% |
Hong Kong SAR | 372 | 266 | 259 | 156 | -25.1% |
Vietnam | 582 | 419 | 785 | 17.9 | -68.7% |
India | 162 | 29.1 | 25.9 | 7.1 | -64.7% |
Others | 630 | 461 | 381 | 335 | -19.0% |
Total | 4,693 | 3,972 | 5,315 | 5,029 | 2.3% |
Top Export Markets for Mobile Phone from Singapore in 2022:
- India (undefinedM units)
- Vietnam (undefinedM units)
- Malaysia (6.2M units)
- Indonesia (4.0M units)
- United Arab Emirates (1.6M units)
- Philippines (1.0M units)
- United States (0.8M units)
- Hong Kong SAR (0.6M units)
- Thailand (0.4M units)
Mobile Phone Imports in Singapore
For the third year in a row, Singapore recorded decline in overseas purchases of mobile phones, which decreased by -18.8% to 13M units in 2022. Over the period under review, imports faced a sharp slump. The smallest decline of -15.6% was in 2021. Over the period under review, imports hit record highs at 30M units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, mobile phone imports declined to $4.8B in 2022. Overall, imports showed a mild slump. The growth pace was the most rapid in 2021 with an increase of 10%. Over the period under review, imports attained the maximum at $5B in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
Import of Mobile Phone in Singapore (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 4,194 | 3,851 | 4,233 | 4,188 | -0.0% |
Vietnam | 292 | 258 | 317 | 351 | 6.3% |
Hong Kong SAR | 136 | 132 | 172 | 149 | 3.1% |
Malaysia | 27.4 | 35.2 | 34.1 | 53.8 | 25.2% |
Indonesia | 239 | 108 | 106 | 30.4 | -49.7% |
Others | 132 | 107 | 79.3 | 64.7 | -21.2% |
Total | 5,021 | 4,492 | 4,942 | 4,836 | -1.2% |
Top Suppliers of Mobile Phone to Singapore in 2022:
- China (10.3M units)
- Vietnam (1.0M units)
- Hong Kong SAR (0.7M units)
- Indonesia (0.6M units)
- Malaysia (0.2M units)
This report provides an in-depth analysis of the mobile phone market in Singapore. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 26302200 - Telephones for cellular networks or for other wireless networks
Country coverage:
- Singapore
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Singapore
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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