Which Country Imports the Most Smart Cards in the World?
Electronic Components And Boards May 28, 2018
IndexBox has just published a new report "World: Cards Incorporating An Electronic Integrated Circuit (Smart Card) - Market Report. Analysis and Forecast to 2025". Here is a summary of the report's key findings.
In 2016, the global smart card imports amounted to 670K tonnes, coming up by 9% against the previous year figure. In general, smart card imports continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2016, when it surged by 9% year-to-year. Global smart card import peaked of 1.3M tonnes in 2007- however, from 2008 to 2016, it failed to regain its strength.
In value terms, smart card imports amounted to $54B in 2016. In general, smart card imports continue to indicate a slight descent. Global smart card import peaked of $62B in 2008- however, from 2009 to 2016, it stood at a somewhat lower level.
Top Smart Card Importing Countries in the World
1. China (5.2 billion USD)
2. Germany (3.5 billion USD)
3. United Kingdom (2.6 billion USD)
4. Netherlands (2.0 billion USD)
5. France (1.8 billion USD)
6. Japan (1.6 billion USD)
7. Poland (1.6 billion USD)
8. Austria (1.0 billion USD)
9. South Korea (0.9 billion USD)
10. Spain (0.9 billion USD)
11. Italy (0.8 billion USD)
12. Brazil (0.2 billion USD)
Smart Card Imports By Country
In 2016, China (96K tonnes), Austria (82K tonnes), Poland (57K tonnes), the UK (49K tonnes), Germany (45K tonnes), France (40K tonnes), South Korea (37K tonnes), Japan (30K tonnes), the Netherlands (28K tonnes), Spain (23K tonnes), Brazil (17K tonnes), and Italy (12K tonnes) were the major importers of smart card in the world, comprising 77% of total import.
From 2007 to 2016, the most notable growth rate of smart card imports, among the main importing countries, was attained by the Netherlands (+21.8% per year), while the other global leaders experienced more modest paces of growth.
In value terms, the largest smart card markets worldwide were China ($5.2B), Germany ($3.5B) and the UK ($2.6B), with a combined 21% share of global imports.The Netherlands, France, Japan, Poland, Austria, South Korea, Spain, Italy and Brazil lagged somewhat behind, together comprising a further 20%.
Poland (+12.1% per year) had the highest growth rate of smart card imports, in terms of the main importing countries, over the last 9 years, while the other global leaders experienced a decline in the imports figures.
Smart Card Import Prices By Country
The average smart card import price stood at $81 per kg in 2016, declining by -6.8% against the previous year. Overall, it indicated a prominent growth from 2007 to 2016: the import price value increased at an average annual rate of +6.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on the result of 2016, smart card import price decreased by -7.4% against its level of 2014. The pace of growth appeared the most rapid in 2014, when it surged by 19% from the previous year level. In that year, average smart card import price attained its maximum level of $87 per kg. From 2015 to 2016, growth of average smart card import price failed to regain its strength.
There were significant differences in the average import prices amongst major importing countries. In 2016, the country with the highest import prices was Germany ($78 per kg), while Brazil ($10 per kg) was among the lowest.
From 2007 to 2016, the most notable growth rate of smart card import prices was attained by the UK (+11.8% per year), while the other global leaders experienced more modest paces of growth.
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- smart card market share
- smart card prices
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- smart card sales
- smart card import
- smart card export
- smart card market forecast
- smart card price forecast
- key smart card producers
All data provided in this article covers the following product: HS Code 8523 - Discs, tapes, solid-state non-volatile storage devices, smart cards and other media for the recording of sound or of other phenomena, whether or not recorded, including matrices and masters for the production of discs, excluding products of Chapter 37.
