Report Update: May 1, 2024

Vietnam - Mobile Phones - Market Analysis, Forecast, Size, Trends And Insights

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Mobile Phone Price in Vietnam - 2022

Mobile Phone Price in Vietnam (FOB) - 2022

In 2022, the average mobile phone export price amounted to $250 per unit, increasing by 6.5% against the previous year. Over the last decade, it increased at an average annual rate of +4.4%. The most prominent rate of growth was recorded in 2016 when the average export price increased by 22% against the previous year. The export price peaked in 2022 and is expected to retain growth in the near future.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Australia ($250 per unit) and Thailand ($250 per unit), while the average price for exports to the UK ($250 per unit) and Canada ($250 per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+4.4%), while the prices for the other major destinations experienced more modest paces of growth.

Mobile Phone Price in Vietnam (CIF) - 2022

The average mobile phone import price stood at $293 per unit in 2022, rising by 23% against the previous year. Over the period under review, import price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of +6.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, mobile phone import price increased by +29.1% against 2018 indices. The most prominent rate of growth was recorded in 2018 an increase of 23%. The import price peaked in 2022 and is likely to see gradual growth in years to come.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was South Korea ($293 per unit), while the price for China stood at $293 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+6.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Mobile Phone Exports in Vietnam

In 2022, approx. 133M units of mobile phones were exported from Vietnam; waning by -6.9% against the previous year. Overall, exports continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2021 with an increase of 10% against the previous year. Over the period under review, the exports hit record highs at 167M units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, mobile phone exports reduced slightly to $33.3B in 2022. Over the period under review, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 8.1% against the previous year. Over the period under review, the exports reached the maximum at $34.2B in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Export of Mobile Phone in Vietnam (Billion USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	8.2	8.2	8.7	11.1	10.6%
United Arab Emirates	4.5	3.3	4.4	2.1	-22.4%
South Korea	1.0	1.0	1.3	1.8	21.6%
Austria	2.6	2.2	2.2	1.7	-13.2%
United Kingdom	1.9	1.3	1.3	1.1	-16.7%
Germany	1.6	1.4	1.1	1.1	-11.7%
Canada	0.6	0.8	0.7	0.9	14.5%
Japan	0.7	0.8	0.7	0.9	8.7%
Thailand	1.0	0.5	0.8	0.9	-3.5%
China	0.2	0.5	0.6	0.8	58.7%
Australia	0.6	0.6	0.6	0.7	5.3%
Mexico	0.5	0.5	0.5	0.7	11.9%
Chile	0.4	0.4	0.7	0.7	20.5%
Others	10.5	9.4	9.9	8.7	-6.1%
Total	34.2	31.1	33.6	33.3	-0.9%

Top Export Markets for Mobile Phone from Vietnam in 2022:

United States (44.3M units)
United Arab Emirates (8.5M units)
South Korea (7.4M units)
Austria (7.0M units)
Germany (4.6M units)
United Kingdom (4.5M units)
Japan (3.7M units)
Canada (3.6M units)
Thailand (3.6M units)
China (3.2M units)
Australia (2.9M units)
Chile (2.8M units)
Mexico (2.7M units)

Mobile Phone Imports in Vietnam

In 2022, approx. 9.8M units of mobile phones were imported into Vietnam; falling by -10.3% compared with 2021. Over the period under review, total imports indicated a notable expansion from 2019 to 2022: its volume increased at an average annual rate of +3.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +45.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 62% against the previous year. As a result, imports attained the peak of 11M units, and then declined in the following year.

In value terms, mobile phone imports rose remarkably to $2.9B in 2022. In general, imports, however, saw a buoyant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 73% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.

Import of Mobile Phone in Vietnam (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	1,383	1,220	2,043	2,691	24.8%
South Korea	88.4	93.6	140	168	23.9%
United Arab Emirates	286	179	396	N/A	17.7%
Others	3.5	6.2	10.0	6.8	24.8%
Total	1,761	1,499	2,590	2,866	17.6%

Top Suppliers of Mobile Phone to Vietnam in 2022:

China (9.2M units)
South Korea (0.6M units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the mobile phone market in Vietnam. 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:

Vietnam

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Vietnam
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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023