Hong Kong SAR, China - Mobile Phones - Market Analysis, Forecast, Size, Trends And Insights
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View PricingMobile Phone Price in Hong Kong SAR - 2023
Contents:
- Mobile Phone Price in Hong Kong SAR (CIF) - 2023
- Mobile Phone Price in Hong Kong SAR (FOB) - 2022
- Mobile Phone Imports in Hong Kong SAR
- Mobile Phone Exports in Hong Kong SAR
Mobile Phone Price in Hong Kong SAR (CIF) - 2023
In August 2023, the average mobile phone import price amounted to $316 per unit, remaining stable against the previous month. Over the last eleven-month period, it increased at an average monthly rate of +1.1%. The most prominent rate of growth was recorded in July 2023 when the average import price increased by 12% against the previous month. Over the period under review, average import prices attained the peak figure in August 2023.
Average prices varied noticeably amongst the major supplying countries. In August 2023, the countries with the highest prices were Vietnam ($319 per unit) and Japan ($319 per unit), while the price for China ($315 per unit) and the United States ($319 per unit) were amongst the lowest.
From September 2022 to August 2023, the most notable rate of growth in terms of prices was attained by the United States (+1.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Mobile Phone Price in Hong Kong SAR (FOB) - 2022
The average mobile phone export price stood at $154 per unit in 2022, picking up by 35% against the previous year. Overall, the export price posted a remarkable increase. The most prominent rate of growth was recorded in 2018 when the average export price increased by 35%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in years to come.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($295 per unit), while the average price for exports to South Africa ($59 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+15.8%), while the prices for the other major destinations experienced more modest paces of growth.
Mobile Phone Imports in Hong Kong SAR
For the third year in a row, Hong Kong SAR recorded decline in overseas purchases of mobile phones, which decreased by -22.7% to 322M units in 2022. Overall, imports saw a deep reduction. The smallest decline of -1.4% was in 2021. Over the period under review, imports attained the maximum at 431M units in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, mobile phone imports fell significantly to $36.8B in 2022. In general, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by 25%. As a result, imports reached the peak of $45.6B, and then fell markedly in the following year.
| Import of Mobile Phone in Hong Kong SAR (Billion USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 32.0 | 32.0 | 39.1 | 30.1 | -2.0% |
| United States | 3.2 | 2.6 | 3.7 | 4.0 | 7.7% |
| Japan | 0.5 | 0.7 | 1.5 | 1.4 | 40.9% |
| Others | 1.4 | 1.3 | 1.4 | 1.2 | -5.0% |
| Total | 37.0 | 36.6 | 45.6 | 36.8 | -0.2% |
Top Suppliers of Mobile Phone to Hong Kong SAR in 2022:
- China (295.7M units)
- United States (14.4M units)
- Japan (5.1M units)
Mobile Phone Exports in Hong Kong SAR
In 2022, mobile phone exports from Hong Kong SAR declined remarkably to 179M units, reducing by -36.4% compared with 2021 figures. Overall, exports showed a abrupt shrinkage. The smallest decline of -0.9% was in 2021. The exports peaked at 338M units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, mobile phone exports reduced to $27.7B in 2022. Over the period under review, exports saw a pronounced decrease. The growth pace was the most rapid in 2021 with an increase of 17% against the previous year. As a result, the exports reached the peak of $32.2B, and then dropped in the following year.
| Export of Mobile Phone in Hong Kong SAR (Billion USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | N/A | N/A | N/A | 7.4 | 0% |
| United States | 3.3 | 3.1 | 4.1 | 3.1 | -2.1% |
| Netherlands | 1.2 | 1.2 | 1.7 | 1.0 | -5.9% |
| Japan | 0.6 | 0.4 | 1.0 | 1.0 | 18.6% |
| Mexico | 1.2 | 0.5 | 1.7 | 0.9 | -9.1% |
| Italy | 0.8 | 0.8 | 1.1 | 0.7 | -4.4% |
| Russia | 1.7 | 1.7 | 2.1 | 0.7 | -25.6% |
| France | 1.0 | 1.0 | 1.3 | 0.6 | -15.7% |
| Thailand | 1.7 | 1.2 | 0.9 | 0.6 | -29.3% |
| China | 0.4 | 0.2 | 0.4 | 0.5 | 7.7% |
| Nigeria | 0.7 | 0.7 | 0.8 | 0.5 | -10.6% |
| Togo | 0.5 | 0.6 | 0.7 | 0.4 | -7.2% |
| South Africa | 0.6 | 0.4 | 0.4 | 0.2 | -30.7% |
| Others | 17.1 | 15.7 | 16.2 | 10.1 | -16.1% |
| Total | 30.7 | 27.5 | 32.2 | 27.7 | -3.4% |
Top Export Markets for Mobile Phone from Hong Kong SAR in 2022:
- United States (29.9M units)
- United Arab Emirates (25.0M units)
- Mexico (7.0M units)
- Nigeria (5.9M units)
- Togo (5.2M units)
- France (5.1M units)
- Italy (5.0M units)
- Russia (4.9M units)
- China (4.6M units)
- Thailand (4.5M units)
- Netherlands (3.5M units)
- Japan (3.5M units)
- South Africa (3.3M units)
This report provides an in-depth analysis of the mobile phone market in Hong Kong SAR, China. 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:
- Hong Kong SAR
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Hong Kong SAR, China
- 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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