Asia: Smart Card Market 2024

Smart Card Market Size in Asia

The Asian smart card market rose to $X in 2022, picking up by X% against the previous year. Over the period under review, consumption, however, saw a strong increase. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market remained at a somewhat lower figure.

Smart Card Production in Asia

In value terms, smart card production fell slightly to $X in 2022 estimated in export price. In general, production continues to indicate strong growth. The pace of growth was the most pronounced in 2014 with an increase of X%. The level of production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

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Smart Card Exports

Exports in Asia

In 2022, exports of cards incorporating an electronic integrated circuit (smart card) in Asia rose notably to X units, growing by X% against the year before. In general, exports showed a resilient expansion. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. The volume of export peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, smart card exports soared to $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

China represented the largest exporter of cards incorporating an electronic integrated circuit (smart card) in Asia, with the volume of exports amounting to X units, which was approx. X% of total exports in 2022. Hong Kong SAR (X units) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Malaysia (X%). India (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to smart card exports from China stood at X%. At the same time, Malaysia (X%), Hong Kong SAR (X%) and India (X%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing exporter exported in Asia, with a CAGR of X% from 2012-2022. Hong Kong SAR (X p.p.) and Malaysia (X p.p.) significantly strengthened its position in terms of the total exports, while India and China saw its share reduced by X% and X% from 2012 to 2022, respectively.

In value terms, China ($X) remains the largest smart card supplier in Asia, comprising X% of total exports. The second position in the ranking was held by Hong Kong SAR ($X), with a X% share of total exports. It was followed by India, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in China totaled X%. In the other countries, the average annual rates were as follows: Hong Kong SAR (X% per year) and India (X% per year).

Export Prices by Country

In 2022, the export price in Asia amounted to $X per unit, picking up by X% against the previous year. Overall, the export price, however, continues to indicate a abrupt curtailment. The level of export peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was India ($X per unit), while Malaysia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (X%), while the other leaders experienced a decline in the export price figures.

Smart Card Imports

Imports in Asia

In 2022, supplies from abroad of cards incorporating an electronic integrated circuit (smart card) decreased by X% to X units for the first time since 2011, thus ending a ten-year rising trend. In general, imports, however, posted a strong expansion. The pace of growth appeared the most rapid in 2021 when imports increased by X%. As a result, imports reached the peak of X units, and then shrank in the following year.

In value terms, smart card imports expanded notably to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

China was the key importer of cards incorporating an electronic integrated circuit (smart card) in Asia, with the volume of imports accounting for X units, which was approx. X% of total imports in 2022. It was distantly followed by Hong Kong SAR (X units), Turkey (X units) and Singapore (X units), together making up a X% share of total imports. India (X units), Japan (X units), Vietnam (X units) and Indonesia (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to smart card imports into China stood at X%. At the same time, Turkey (X%), Singapore (X%), Vietnam (X%), Indonesia (X%), Hong Kong SAR (X%) and Japan (X%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing importer imported in Asia, with a CAGR of X% from 2012-2022. By contrast, India (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China, Turkey and Singapore increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest smart card importing markets in Asia were China ($X), India ($X) and Hong Kong SAR ($X), with a combined X% share of total imports. Turkey, Japan, Vietnam, Singapore and Indonesia lagged somewhat behind, together accounting for a further X%.

Vietnam, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Asia stood at $X per unit in 2022, picking up by X% against the previous year. In general, the import price, however, continues to indicate a abrupt contraction. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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