Global Mobile Phone Market 2024

Mobile Phone Market Size

In 2023, the global mobile phone market decreased by X% to $X for the first time since 2019, thus ending a three-year rising trend. The market value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. Over the period under review, the global market reached the peak level at $X in 2022, and then shrank in the following year.

Mobile Phone Production

In value terms, mobile phone production stood at $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2023, global production growth remained at a lower figure.

Mobile Phone Exports

Exports

In 2023, approx. X units of mobile phones were exported worldwide; stabilizing at 2022 figures. In general, exports continue to indicate a perceptible slump. The growth pace was the most rapid in 2018 with an increase of X%. Over the period under review, the global exports reached the maximum at X units in 2014; however, from 2015 to 2023, the exports failed to regain momentum.

In value terms, mobile phone exports expanded to $X in 2023. The total export value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when exports increased by X%. The global exports peaked at $X in 2021; however, from 2022 to 2023, the exports failed to regain momentum.

Exports by Country

China was the major exporting country with an export of about X units, which amounted to X% of total exports. Vietnam (X units) took an X% share (based on physical terms) of total exports, which put it in second place, followed by Hong Kong SAR (X%) and India (X%). The following exporters - the United States (X units) and the Netherlands (X units) - together made up X% of total exports.

From 2012 to 2023, average annual rates of growth with regard to mobile phone exports from China stood at X%. At the same time, the Netherlands (X%), Vietnam (X%) and India (X%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2012-2023. The United States experienced a relatively flat trend pattern. By contrast, Hong Kong SAR (X%) illustrated a downward trend over the same period. Vietnam (X p.p.), China (X p.p.), the Netherlands (X p.p.) and India (X p.p.) significantly strengthened its position in terms of the global exports, while Hong Kong SAR saw its share reduced by X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest mobile phone supplier worldwide, comprising X% of global exports. The second position in the ranking was taken by Vietnam ($X), with a X% share of global exports. It was followed by Hong Kong SAR, with a X% share.

From 2012 to 2023, the average annual growth rate of value in China stood at X%. In the other countries, the average annual rates were as follows: Vietnam (X% per year) and Hong Kong SAR (X% per year).

Export Prices by Country

The average mobile phone export price stood at $X per unit in 2023, picking up by X% against the previous year. In general, export price indicated resilient growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, mobile phone export price increased by X% against 2018 indices. The pace of growth appeared the most rapid in 2015 when the average export price increased by X%. The global export price peaked in 2023 and is likely to see gradual growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per unit), while the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (X%), while the other global leaders experienced more modest paces of growth.

Mobile Phone Imports

Imports

In 2023, the amount of mobile phones imported worldwide dropped slightly to X units, approximately equating the year before. In general, imports continue to indicate a pronounced shrinkage. The pace of growth was the most pronounced in 2013 with an increase of X%. Global imports peaked at X units in 2014; however, from 2015 to 2023, imports stood at a somewhat lower figure.

In value terms, mobile phone imports stood at $X in 2023. The total import value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by X%. As a result, imports attained the peak of $X. From 2022 to 2023, the growth of global imports remained at a somewhat lower figure.

Imports by Country

The countries with the highest levels of mobile phone imports in 2023 were the United States (X units), Hong Kong SAR (X units) and the United Arab Emirates (X units), together reaching X% of total import. Russia (X units), Germany (X units), Iraq (X units), France (X units), Japan (X units), Mexico (X units), Bangladesh (X units), the Netherlands (X units), Austria (X units) and the UK (X units) followed a long way behind the leaders.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Austria (with a CAGR of X%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, the largest mobile phone importing markets worldwide were the United States ($X), Hong Kong SAR ($X) and the United Arab Emirates ($X), with a combined X% share of global imports. Japan, Germany, the UK, the Netherlands, Russia, Mexico, Austria, Iraq, France and Bangladesh lagged somewhat behind, together accounting for a further X%.

Austria, with a CAGR of X%, recorded the highest growth rate of the value of imports, among 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 2023, the average mobile phone import price amounted to $X per unit, rising by X% against the previous year. Over the period under review, the import price showed a prominent increase. The pace of growth was the most pronounced in 2022 an increase of X%. Over the period under review, average import prices hit record highs in 2023 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Japan ($X per unit), while Bangladesh ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (X%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform