Line Telephone Market

Global line telephone market is expected to experience a slight increase in performance from 2022 to 2030, with a projected market volume of 147M units and a value of $10.9B by 2030. China is the leading consumer and producer of line telephones, with India and the United States following closely behind. Global consumption, production, import, and export trends are analyzed for the period from 2012 to 2022, with varying rates of growth and decline observed across different countries.

Market Forecast

Driven by rising demand for line telephone worldwide, the market is expected to start an upward consumption trend over the next eight-year period. The performance of the market is forecast to increase slightly, with an anticipated CAGR of +0.1% for the period from 2022 to 2030, which is projected to bring the market volume to 147M units by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +2.3% for the period from 2022 to 2030, which is projected to bring the market value to $10.9B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Line Telephone Sets With Cordless Handsets

In 2022, approx. 146M units of line telephone sets with cordless handsets were consumed worldwide; which is down by -4.5% against 2021. In general, consumption recorded a abrupt curtailment. As a result, consumption reached the peak volume of 260M units. From 2015 to 2022, the growth of the global consumption remained at a lower figure.

The global line telephone market size reached $9B in 2022, approximately mirroring the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption continues to indicate a abrupt decline. The growth pace was the most rapid in 2020 with an increase of 3.7%. Global consumption peaked at $15.6B in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Consumption By Country

China (49M units) constituted the country with the largest volume of line telephone consumption, accounting for 34% of total volume. Moreover, line telephone consumption in China exceeded the figures recorded by the second-largest consumer, India (18M units), threefold. The third position in this ranking was taken by Russia (6.8M units), with a 4.7% share.

From 2012 to 2022, the average annual growth rate of volume in China stood at -2.8%. The remaining consuming countries recorded the following average annual rates of consumption growth: India (-4.7% per year) and Russia (-7.8% per year).

In value terms, China ($1.1B), India ($991M) and Russia ($302M) constituted the countries with the highest levels of market value in 2022, together accounting for 27% of the global market.

In terms of the main consuming countries, China, with a CAGR of -2.7%, recorded the highest rates of growth with regard to market size over the period under review, while market for the other global leaders experienced a decline in the market figures.

The countries with the highest levels of line telephone per capita consumption in 2022 were Germany (47 units per 1000 persons), Thailand (37 units per 1000 persons) and Mexico (36 units per 1000 persons).

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of -3.1%), while consumption for the other global leaders experienced a decline in the per capita consumption figures.

Production

World Production of Line Telephone Sets With Cordless Handsets

Global line telephone production was estimated at 158M units in 2022, flattening at 2021. Overall, production, however, recorded a perceptible shrinkage. The pace of growth was the most pronounced in 2020 with an increase of 2.7% against the previous year. Global production peaked at 253M units in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

In value terms, line telephone production amounted to $9.3B in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a pronounced reduction. The pace of growth appeared the most rapid in 2019 when the production volume increased by 13% against the previous year. Over the period under review, global production reached the peak level at $15.1B in 2013; however, from 2014 to 2022, production remained at a lower figure.

Production By Country

The country with the largest volume of line telephone production was China (61M units), accounting for 39% of total volume. Moreover, line telephone production in China exceeded the figures recorded by the second-largest producer, India (20M units), threefold. The United States (8.8M units) ranked third in terms of total production with a 5.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume in China stood at -6.2%. In the other countries, the average annual rates were as follows: India (-3.3% per year) and the United States (+17.0% per year).

Imports

World Imports of Line Telephone Sets With Cordless Handsets

In 2022, purchases abroad of line telephone sets with cordless handsets was finally on the rise to reach 45M units after nine years of decline. In general, imports, however, continue to indicate a abrupt curtailment. Over the period under review, global imports reached the maximum at 117M units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, line telephone imports surged to $1.4B in 2022. Over the period under review, imports, however, recorded a abrupt downturn. Global imports peaked at $3.2B in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports By Country

In 2022, India (8.3M units), distantly followed by the United States (4.4M units), France (2.9M units), the UK (2.9M units), Hong Kong SAR (2.8M units) and Germany (2.2M units) represented the major importers of line telephone sets with cordless handsets, together achieving 52% of total imports. The United Arab Emirates (1.6M units), Italy (1.4M units), Spain (1.3M units), the Netherlands (1.2M units), Japan (1M units), Denmark (1M units) and Venezuela (0.9M units) took a minor share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Venezuela (with a CAGR of +22.5%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, the largest line telephone importing markets worldwide were France ($132M), the United States ($111M) and Denmark ($96M), with a combined 24% share of global imports. The Netherlands, Germany, the UK, India, Venezuela, Hong Kong SAR, Spain, Japan, Italy and the United Arab Emirates lagged somewhat behind, together comprising a further 44%.

Venezuela, with a CAGR of +29.5%, recorded 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 global leaders experienced more modest paces of growth.

Import Prices By Country

The average line telephone import price stood at $32 per unit in 2022, with an increase of 3.4% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.6%. The most prominent rate of growth was recorded in 2018 when the average import price increased by 7.9% against the previous year. Global import price peaked in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Denmark ($99 per unit), while India ($8.6 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+10.7%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Line Telephone Sets With Cordless Handsets

In 2022, shipments abroad of line telephone sets with cordless handsets was finally on the rise to reach 57M units for the first time since 2012, thus ending a nine-year declining trend. In general, exports, however, showed a abrupt curtailment. Over the period under review, the global exports reached the peak figure at 113M units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, line telephone exports surged to $1.9B in 2022. Overall, exports, however, recorded a pronounced curtailment. Over the period under review, the global exports attained the maximum at $3.2B in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports By Country

China (12M units) and India (9.9M units) represented the main exporters of line telephone sets with cordless handsets in 2022, finishing at near 20% and 17% of total exports, respectively. The United States (6.4M units) held the next position in the ranking, followed by Hong Kong SAR (5.9M units), Germany (5M units) and Malaysia (4.8M units). All these countries together took approx. 39% share of total exports. The following exporters - the Netherlands (1.6M units), Vietnam (1.2M units), the UK (1.2M units) and Singapore (1M units) - together made up 8.8% of total exports.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of +26.1%), while shipments for the other global leaders experienced mixed trends in the exports figures.

In value terms, the United States ($343M), China ($309M) and Germany ($169M) constituted the countries with the highest levels of exports in 2022, with a combined 42% share of global exports.

The United States, with a CAGR of +11.9%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices By Country

The average line telephone export price stood at $34 per unit in 2022, rising by 6.1% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.0%. The growth pace was the most rapid in 2015 when the average export price increased by 12%. Over the period under review, the average export prices reached the peak figure in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the UK ($104 per unit), while India ($12 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+9.2%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform