American Mobile Phone Imports Accelerate
IndexBox has just published a new report: 'U.S. - Wireless Phones - Market Analysis, Forecast, Size, Trends and Insights'. Here is a summary of the report's key findings.
In the first seven months of 2021, American mobile phone imports reached $29B, which was +21% higher than the figures of the same period of 2020. The U.S. constitutes the world's leading importer of mobile phones. Last year, American imports dropped by -9.5% y-o-y to $49.5B. China remains the largest exporter of mobile phones to the U.S., supplying 79% of American imports in value terms. in the first half of 2021, Chinese exports to America grew by +45% to $20.5B compared to $14.1B recorded in the same period of 2020. The average mobile phone import price rose by +3.9% to $273 per unit in 2020.
American Wireless Phone Imports
In the first seven months of 2021, the U.S. imported wireless phones worth $29B against $24B in the same period of the last year. America leads in global imports of wireless phones, with a 17%-share of the total volume.
American mobile phone imports saw a significant drop in the previous year, declining from $54.7B in 2019 to $49.5B (IndexBox estimates) in 2020. in physical terms, imports of wireless phones into the U.S. shrank to 181M units, declining by -12.9% against 2019 figures.
In value terms, China ($39.1B) constituted the largest supplier of mobile phone to the U.S., comprising 79% of total imports in 2020. Viet Nam ($8.1B) occupied the second position in the ranking, with a 16% share of total imports. It was followed by South Korea, with a 2.7% share. in the first half of 2021, Chinese wireless phone exports to the U.S. grew to $20.5B against $14.1B recorded in the same period of 2020.
In physical terms, China (134M units) constituted the largest mobile phone supplier to the U.S., with a 74% share of total imports in 2020. Moreover, mobile phone imports from China exceeded the figures recorded by the second-largest supplier, Viet Nam (37M units), fourfold. The third position in this ranking was occupied by India (3.6M units), with a 2% share.
In 2020, the average mobile phone import price amounted to $273 per unit, growing by +3.9% against the previous year. There were significant differences in the average prices amongst the major supplying countries. in 2020, the country with the highest price was South Korea ($488 per unit), while the price for India ($127 per unit) was amongst the lowest. in 2020, the most notable rate of growth in terms of prices was attained by India, while the prices for the other major suppliers experienced mixed trend patterns.
Source: IndexBox Platform
This report provides an in-depth analysis of the mobile phone market in the U.S.. 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 2025.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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