U.S. - Mobile Phones - Market Analysis, Forecast, Size, Trends And Insights
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View PricingMobile Phone Price in the United States - 2023
Contents:
- Mobile Phone Price in the United States (CIF) - 2023
- Mobile Phone Price in the United States (FOB) - 2023
- Mobile Phone Imports in the United States
- Mobile Phone Exports in the United States
Mobile Phone Price in the United States (CIF) - 2023
In August 2023, the average mobile phone import price amounted to $294 per unit, which is down by -13.4% against the previous month. Over the period under review, the import price saw a pronounced reduction. The most prominent rate of growth was recorded in December 2022 when the average import price increased by 24% against the previous month. Over the period under review, average import prices reached the peak figure at $411 per unit in September 2022; however, from October 2022 to August 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was Vietnam ($451 per unit), while the price for China ($257 per unit) was amongst the lowest.
From September 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Vietnam (+1.6%), while the prices for the other major suppliers experienced mixed trend patterns.
Mobile Phone Price in the United States (FOB) - 2023
In August 2023, the average mobile phone export price amounted to $239 per unit, surging by 2% against the previous month. Overall, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in October 2022 an increase of 8.4% m-o-m. The export price peaked at $264 per unit in January 2023; however, from February 2023 to August 2023, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Canada ($581 per unit), while the average price for exports to China ($106 per unit) was amongst the lowest.
From September 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to France (+1.4%), while the prices for the other major destinations experienced more modest paces of growth.
Mobile Phone Imports in the United States
In 2022, the amount of mobile phones imported into the United States expanded remarkably to 226M units, surging by 8.3% against the year before. The total import volume increased at an average annual rate of +2.7% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 15% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, mobile phone imports skyrocketed to $71.7B in 2022. The total import value increased at an average annual rate of +9.5% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 25%. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Mobile Phone in the United States (Billion USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 35.1 | 32.8 | 36.5 | 42.9 | 6.9% |
| Vietnam | 9.6 | 8.6 | 8.4 | 11.1 | 5.0% |
| Hong Kong SAR | 3.4 | 2.7 | 3.1 | 3.1 | -3.0% |
| India | N/A | 0.2 | 0.1 | 1.0 | 123.6% |
| South Korea | 3.7 | 2.3 | 2.0 | 0.6 | -45.5% |
| Others | 2.8 | 2.1 | 10.5 | 13.0 | 66.8% |
| Total | 54.7 | 48.6 | 60.7 | 71.7 | 9.4% |
Top Suppliers of Mobile Phone to the United States in 2022:
- China (106.4M units)
- Vietnam (39.2M units)
- Hong Kong SAR (29.2M units)
- India (9.2M units)
- South Korea (1.9M units)
Mobile Phone Exports in the United States
In 2022, approx. 49M units of mobile phones were exported from the United States; falling by -6.1% on the year before. In general, exports saw a perceptible curtailment. The most prominent rate of growth was recorded in 2021 when exports increased by 123%. The exports peaked at 52M units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, mobile phone exports dropped to $11.7B in 2022. Overall, exports, however, enjoyed perceptible growth. The pace of growth was the most pronounced in 2021 with an increase of 206% against the previous year. As a result, the exports attained the peak of $12.6B, and then shrank in the following year.
| Export of Mobile Phone in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hong Kong SAR | 3,660 | 1,263 | 4,257 | 3,559 | -0.9% |
| United Arab Emirates | 1,279 | 606 | 1,842 | 1,888 | 13.9% |
| Canada | 940 | 391 | 1,050 | 1,180 | 7.9% |
| Paraguay | 996 | 282 | 935 | 943 | -1.8% |
| Vietnam | 342 | 165 | 648 | 830 | 34.4% |
| Mexico | 247 | 123 | 411 | 407 | 18.1% |
| China | 281 | 109 | 262 | 267 | -1.7% |
| Netherlands | 97.6 | 94.9 | 316 | 245 | 35.9% |
| Venezuela | 42.8 | 44.0 | 120 | 140 | 48.4% |
| Dominican Republic | 162 | 72.6 | 109 | 132 | -6.6% |
| Chile | 167 | 58.7 | 215 | 129 | -8.2% |
| Nicaragua | 24.7 | 28.1 | 102 | 125 | 71.7% |
| Colombia | 211 | 94.0 | 178 | 104 | -21.0% |
| Others | 1,693 | 798 | 2,198 | 1,768 | 1.5% |
| Total | 10,143 | 4,130 | 12,642 | 11,716 | 4.9% |
Top Export Markets for Mobile Phone from the United States in 2022:
- Hong Kong SAR (16.6M units)
- United Arab Emirates (6.3M units)
- Paraguay (4.0M units)
- Mexico (2.2M units)
- Canada (2.1M units)
- China (2.1M units)
- Vietnam (1.8M units)
- Dominican Republic (1.5M units)
- Nicaragua (1.1M units)
- Venezuela (0.9M units)
- Netherlands (0.8M units)
- Colombia (0.8M units)
- Chile (0.6M units)
This report provides an in-depth analysis of the mobile phone market in the U.S.. 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:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- 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
- 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
-
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
-
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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