Telephonic Switching Apparatus Market

The global market for telephonic or telegraphic switching apparatus is on a positive growth trajectory, with an anticipated CAGR of +5.2% in volume and +3.6% in value from 2022 to 2030. Consumption, production, imports, and exports have all seen increases in recent years, with China being a dominant player in both production and exports. Key consuming countries include India, Mexico, and the United Arab Emirates, while the United States, the Netherlands, and China are major players in exports. The market is expected to continue its growth pattern in the coming years.

Market Forecast

Driven by increasing demand for telephonic or telegraphic switching apparatus worldwide, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +5.2% for the period from 2022 to 2030, which is projected to bring the market volume to 1.7B units by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +3.6% for the period from 2022 to 2030, which is projected to bring the market value to $817.8B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Telephonic Or Telegraphic Switching Apparatus

In 2022, consumption of telephonic or telegraphic switching apparatus increased by 3.9% to 1.1B units, rising for the third year in a row after three years of decline. Over the period under review, the total consumption indicated a buoyant expansion from 2012 to 2022: its volume increased at an average annual rate of +8.0% 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 +17.3% against 2019 indices. As a result, consumption attained the peak volume of 1.2B units. From 2017 to 2022, the growth of the global consumption failed to regain momentum.

The global telephonic switching apparatus market value skyrocketed to $614.3B in 2022, growing by 18% 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). In general, consumption saw a buoyant increase. As a result, consumption attained the peak level of $663.2B. From 2021 to 2022, the growth of the global market remained at a lower figure.

Consumption By Country

The countries with the highest volumes of consumption in 2022 were India (135M units), Mexico (69M units) and the United Arab Emirates (65M units), together accounting for 24% of global consumption.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of +28.7%), while consumption for the other global leaders experienced more modest paces of growth.

In value terms, the largest telephonic switching apparatus markets worldwide were the United States ($23B), Indonesia ($22.9B) and Germany ($10.9B), together accounting for 9.2% of the global market. The UK, the United Arab Emirates, France, India, Mexico, Japan, Russia, Thailand, China and Brazil lagged somewhat behind, together comprising a further 7.7%.

In terms of the main consuming countries, the United Arab Emirates, with a CAGR of +24.6%, saw the highest growth rate of market size over the period under review, while market for the other global leaders experienced more modest paces of growth.

In 2022, the highest levels of telephonic switching apparatus per capita consumption was registered in the United Arab Emirates (6,462 units per 1000 persons), followed by the UK (729 units per 1000 persons), Thailand (557 units per 1000 persons) and Mexico (523 units per 1000 persons), while the world average per capita consumption of telephonic switching apparatus was estimated at 1.9 units per 1000 persons.

In the United Arab Emirates, telephonic switching apparatus per capita consumption expanded at an average annual rate of +26.8% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the UK (+12.8% per year) and Thailand (+23.8% per year).

Production

World Production of Telephonic Or Telegraphic Switching Apparatus

For the fifth consecutive year, the global market recorded growth in production of telephonic or telegraphic switching apparatus, which increased by 2.3% to 1.8B units in 2022. Over the period under review, the total production indicated a resilient increase from 2012 to 2022: its volume increased at an average annual rate of +6.3% 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 +84.6% against 2012 indices. The most prominent rate of growth was recorded in 2016 with an increase of 13% against the previous year. Over the period under review, global production reached the maximum volume in 2022 and is expected to retain growth in years to come.

In value terms, telephonic switching apparatus production skyrocketed to $441.3B in 2022 estimated in export price. In general, production saw prominent growth. The pace of growth appeared the most rapid in 2020 with an increase of 133% against the previous year. As a result, production attained the peak level of $512.1B. From 2021 to 2022, global production growth failed to regain momentum.

Production By Country

The country with the largest volume of telephonic switching apparatus production was China (1.4B units), accounting for 77% of total volume. Moreover, telephonic switching apparatus production in China exceeded the figures recorded by the second-largest producer, Taiwan (Chinese) (79M units), more than tenfold. The third position in this ranking was held by Malaysia (72M units), with a 3.9% share.

In China, telephonic switching apparatus production increased at an average annual rate of +6.6% over the period from 2012-2022. The remaining producing countries recorded the following average annual rates of production growth: Taiwan (Chinese) (+26.3% per year) and Malaysia (+18.9% per year).

Imports

World Imports of Telephonic Or Telegraphic Switching Apparatus

In 2022, overseas purchases of telephonic or telegraphic switching apparatus increased by 2.3% to 2.3B units, rising for the third year in a row after two years of decline. In general, imports posted a buoyant increase. The most prominent rate of growth was recorded in 2020 with an increase of 28% against the previous year. Over the period under review, global imports reached the peak figure in 2022 and are likely to see gradual growth in the immediate term.

In value terms, telephonic switching apparatus imports expanded sharply to $218.7B in 2022. Overall, total imports indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +7.5% 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 +106.1% against 2012 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports By Country

In 2022, China (590M units), distantly followed by Hong Kong SAR (281M units), the United States (148M units), India (141M units), Mexico (127M units) and Singapore (108M units) represented the key importers of telephonic or telegraphic switching apparatus, together constituting 60% of total imports. Japan (83M units), the Netherlands (74M units), the United Arab Emirates (69M units), Malaysia (62M units), Brazil (55M units), Taiwan (Chinese) (53M units) and the UK (52M units) held a relatively small share of total imports.

From 2012 to 2022, average annual rates of growth with regard to telephonic switching apparatus imports into China stood at +27.6%. At the same time, Malaysia (+31.4%), India (+29.1%), the United Arab Emirates (+28.4%), Taiwan (Chinese) (+18.3%), Mexico (+13.3%), the UK (+11.5%), the United States (+10.2%), Singapore (+9.5%), the Netherlands (+5.8%), Japan (+4.6%), Brazil (+4.6%) and Hong Kong SAR (+2.7%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing importer imported in the world, with a CAGR of +31.4% from 2012-2022. From 2012 to 2022, the share of China, India, the United Arab Emirates and Malaysia increased by +19, +4.6, +2.2 and +2.1 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($50.6B) constitutes the largest market for imported telephonic or telegraphic switching apparatus worldwide, comprising 23% of global imports. The second position in the ranking was held by the Netherlands ($21.2B), with a 9.7% share of global imports. It was followed by China, with a 4.6% share.

In the United States, telephonic switching apparatus imports increased at an average annual rate of +6.2% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: the Netherlands (+8.7% per year) and China (+16.3% per year).

Import Prices By Country

The average telephonic switching apparatus import price stood at $93 per unit in 2022, surging by 11% against the previous year. Over the period under review, the import price, however, saw a pronounced decline. The most prominent rate of growth was recorded in 2018 when the average import price increased by 12%. Global import price peaked at $138 per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the United States ($342 per unit), while China ($17 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+2.7%), while the other global leaders experienced mixed trends in the import price figures.

Exports

World Exports of Telephonic Or Telegraphic Switching Apparatus

In 2022, global exports of telephonic or telegraphic switching apparatus rose to 3.1B units, with an increase of 1.7% on the year before. Over the period under review, exports posted a resilient expansion. The growth pace was the most rapid in 2021 when exports increased by 19%. The global exports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, telephonic switching apparatus exports stood at $206.3B in 2022. In general, total exports indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +7.7% 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 +110.4% against 2012 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports By Country

China dominates exports structure, accounting for 1.9B units, which was approx. 63% of total exports in 2022. It was distantly followed by Hong Kong SAR (287M units), comprising a 9.3% share of total exports. The following exporters - Taiwan (Chinese) (132M units), Singapore (116M units), Malaysia (113M units), the United States (85M units), the Netherlands (72M units) and Mexico (58M units) - together made up 19% of total exports.

Exports from China increased at an average annual rate of +10.0% from 2012 to 2022. At the same time, Malaysia (+35.1%), Taiwan (Chinese) (+22.3%), Singapore (+12.1%), Mexico (+11.0%), Hong Kong SAR (+7.6%), the Netherlands (+5.6%) and the United States (+2.2%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing exporter exported in the world, with a CAGR of +35.1% from 2012-2022. From 2012 to 2022, the share of China, Malaysia and Taiwan (Chinese) increased by +3.5, +3.2 and +2.9 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($52.9B) remains the largest telephonic switching apparatus supplier worldwide, comprising 26% of global exports. The second position in the ranking was held by the Netherlands ($20.3B), with a 9.8% share of global exports. It was followed by the United States, with an 8.7% share.

In China, telephonic switching apparatus exports expanded at an average annual rate of +7.1% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: the Netherlands (+8.9% per year) and the United States (+1.3% per year).

Export Prices By Country

In 2022, the average telephonic switching apparatus export price amounted to $67 per unit, growing by 10% against the previous year. Over the period under review, the export price, however, continues to indicate a slight shrinkage. The global export price peaked at $81 per unit in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($280 per unit), while China ($27 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+3.2%), while the other global leaders experienced mixed trends in the export price figures.

Source: IndexBox Market Intelligence Platform