U.S. cellphone imports accelerate
IndexBox has just published a new report: ‘United States Wireless Phones Market Analysis, Forecast, Size, Trends and Information‘. Here is a summary of the main findings of the report.
In the first seven months of 2021, US cellphone imports reached $ 29 billion, up 21% from the same period of 2020. The United States is the world’s largest importer of cellphones . Last year, U.S. imports fell 9.5% year-on-year to $ 49.5 billion. China remains the largest exporter of mobile phones to the United States, supplying 79% of US imports in terms of value. In the first half of 2021, Chinese exports to America increased by + 45% to 20.5 billion dollars against 14.1 billion dollars recorded during the same period of 2020. The average price of mobile phone imports rose + 3.9% to $ 273 per unit in 2020.
U.S. imports of cordless telephones
In the first seven months of 2021, the United States imported wireless phones worth $ 29 billion compared to $ 24 billion in the same period last year. America leads the world in wireless phone imports, with a 17% share of the total volume.
U.S. imports of mobile phones fell significantly the previous year, dropping from $ 54.7 billion in 2019 to $ 49.5 billion (IndexBox estimates) in 2020. In physical terms, U.S. cordless phone imports declined to 181 million units, down -12.9% from 2019 figures.
In terms of value, China ($ 39.1 billion) was the largest supplier of cellphones to the United States, accounting for 79% of total imports in 2020. Viet Nam ($ 8.1 billion) was in the top spot. second in the ranking, with a share of 16% of the total. imports. It was followed by South Korea, with a share of 2.7%. In the first half of 2021, Chinese wireless phone exports to the United States reached $ 20.5 billion compared to $ 14.1 billion recorded in the same period of 2020.
In physical terms, China (134 million units) was the largest supplier of cellphones to the United States, with a 74% share of total imports in 2020. In addition, cellphone imports from China exceeded the figures recorded by the second supplier, Viet Nam. (37M units), quadruple. The third position in this ranking is occupied by India (3.6M units), with a share of 2%.
In 2020, the average price of mobile phone imports was $ 273 per unit, up 3.9% from the previous year. There were significant differences in average prices between the major supplier countries. In 2020, the country with the highest price was South Korea ($ 488 per unit), while India’s price ($ 127 per unit) was among the lowest. In 2020, the most notable price growth rate was achieved by India, while the prices of other major suppliers saw mixed trends.
Source: IndexBox platform