Canalys’ Post

African #smartphone market grew by 6% The African smartphone market experienced a 6% year-on-year growth in shipments, reaching 17.8 million units in Q2 2024, continuing its recovery over the past three quarters despite macroeconomic volatility. In a statement from Canalys, the analyst firm noted that the North African market led the growth on the continent, with Algeria seeing shipments double (52%). Egypt faced import challenges but still recorded a 27% growth, driven by local currency stability and the government's push for local manufacturing, attracting vendors like Xiaomi, vivo, and Samsung. In Sub-Saharan Africa, South Africa experienced a subdued growth rate of 13%, influenced by the post-election environment that has reshaped its political landscape. Meanwhile, Nigeria remained the leading market in terms of volume in the region but only saw a modest 5% growth. This was attributed to ongoing inflationary pressures, currency risks, sluggish GDP growth, and shrinking disposable income. Kenya stood out with a significant decline of 22% due to political tensions. Transsion, which owns the Tecno, Infinix, and iTel brands, commanded a 51% market share with 9.2 million units, a slight increase from 9.1 million units last year. Samsung followed in second place with 3.3 million units, a decrease of 25% from the previous 2.2 million, holding a market share of 19% Read more at https://lnkd.in/e_wCibyA

Vivo tops Bangladesh smartphone market in 2023 🎯Economic headwinds in the country, including persistent high inflation and currency depreciation, along with a rise in the value-added tax (VAT) on handsets, affected the smartphone market, results in 25% YoY decline in 2023. 🎯 We are witnessing positive consumer sentiment from the last quarter (October-December) of 2023 as the economy stabilized. 🎯 We expect 2024 will be the positive year for #bangladesh smartphone market. High potential for installed base expansion, easing economic pressures, rise in the value of local currency, and digitalization will boost the #smartphone market in the coming years as well. *Note: Numbers in the chart may not add to 100% due to rounding Full press release -https://lnkd.in/gJPfUCAR #vivo #xiaomi #itel #tecno #infinix

The market capitalization of the Chinese internet sector is 11x larger than India's. Meanwhile India's e-commerce penetration is only 1/5th of China's. Smartphone penetration of roughly 50% in India versus 70% for China. Tremendous room for growth. EMQQ Global #emergingmarkets #inqqindex

Canalys’ latest research reveals that the African smartphone market surged significantly in Q1 2024, by 24% year on year, to reach 18.2 million units. Shipments surge despite volatile currencies and economic uncertainty Sub-Saharan Africa’s smartphone market experienced rapid growth, with #Nigeria at the forefront, growing by 42% year on year. #SouthAfrica’s market grew 19%, fueled by demand in the prepaid segment, which holds a significant market share, reflecting a preference for affordable handsets amid high interest rates and load shedding. In contrast, #Kenya saw a 7% decline in smartphone shipments due to higher import taxes and VAT. Also, efforts to promote locally assembled phones are challenged by higher retail prices. In North Africa, #Egypt led with 39% growth, supported by a stable EGP and GCC funding. #Algeria experienced a 16% rise due to strong consumption and investment, while #Morocco saw a 17% decline due to a customs duty hike. Top 5 vendors for Q1 2024: Transsion Samsung Electronics Xiaomi Technology realme OPPO Read the analyst commentary and full market report: https://lnkd.in/gp3CdGaj Manish Pravinkumar Sanyam Chaurasia Nicole Peng #Africa #marketinsights #Transsion #Samsung #xiaomi #realme #OPPO

Only the Chinese stock exchange ramp up will cool the global China bashing. While the US and EU administrations are local centric, China has already positioned itself globally with its trade-centric views. The birth rate in Africa is the highest in the world and some economies are experiencing double-digit growth. As the US continues to make mistakes in the Middle East and Africa, and the EU struggles to let go of its colonialism, China takes all. In fact, three Chinese smartphone brands - Tecno, Infinix, and iTel - accounted for 48% of the smartphone market in Africa in 2023. Tecno alone held a whopping 26% of the African smartphone market share, while Infinix and iTel had 12% and 10% market shares respectively. For over a decade, Transsion - a company listed on the Star Market section of the Shanghai Stock Exchange - has exclusively sold its mobile phones in Africa, and in recent years, it has expanded into other markets. It's clear that China's global and trade-centric views have given it an edge in markets like Africa, while other countries continue to struggle.

Smartphone shipments in the Middle East and Africa (MEA) region increased 30% YoY and 9% QoQ in Q4 2023, according to the latest research from Counterpoint Technology Market Research’s Market Monitor Service. ->Globally, MEA was the region showing the highest YoY growth during the quarter, driven by improving economic conditions and rebounding consumer demand. ->For the full year of 2023, the shipments grew 11% YoY as consumer sentiment steadily improved through the year with decreasing inflation and stabilizing local currencies. ->Vendors, which were sitting on high levels of inventory, returned to a more manageable footing after successfully executing multiple sales events and hefty discounts during the year. -> Interesting OEM dynamics as #Tecno surpasses #Samsung for the first time More here https://lnkd.in/gQu2793i

India Heavily Reliant On China For Imports China has become India’s top India’s top merchandise trading partner in FY24, as per a GTRI report. Data also shows that India is heavily reliant on China for import of critical goods such as smartphones, PCs, and telecom parts. Global Trade Research Initiative #IndiaChinaTrade #IndiaChina #BusinessNews #IndianEconomy #OutlookBusiness

Canalys research reveals that smartphone shipments in the Middle East (excluding Turkey) reached 12.2 million units in Q1 2024, marking a 39% year-on-year increase. Market highlights: ➡The shipment surge was driven by reduced inflation and strong non-oil growth, thanks to ongoing investments in economic diversification by oil-exporting nations. ➡Eid celebrations spurring demand in the region in Q1 2024. ➡Saudi Arabia witnessed a robust 54% year-on-year increase in smartphone shipments, driven by a 10% increase in tourist arrivals and an uptick in tourist spending. ➡Despite soaring component costs and tighter margins, smartphone vendors are ramping up their offerings to appeal to tech-savvy Gen Z and a growing immigrant population seeking the latest technology at accessible prices. ”Canalys expects high-single-digit growth in 2024 propelled by various regional governmental commitments to diversify economies and market adaptability,” commented Senior Analyst Manish Pravinkumar. Top 5 vendors: Samsung Electronics Transsion Xiaomi Technology Apple HONOR Read the full market report: https://lnkd.in/giayUazd Nicole Peng Sanyam Chaurasia Johnny Xie #Samsung #Transsion #Xiaomi #Apple #HONOR #OPPO #vivo #Lenovo #realme #MiddleEast

Potential & Space to grow is so big in #Egypt. However buy now pay latera applied thru efficient & Organizational channels. Beside the Digital payment innovation and improvement would be the key to drive smartphones market growth. Currency reflection. Local production focus and improving will maintain the growth. #Egyp.

📲 Africa has the highest feature phone penetration rate globally at 46%. However, the shift to smartphones is anticipated to grow swiftly in the future, significantly aided by device financing schemes. 📲 In Q1 2024, the African smartphone market surged 24% year-on-year to 18.2 million units, driven by new product launches from key vendors and easing inflation in most markets. 📲 Canalys expects a modest 4% growth in 2024, as vendors grapple with exchange rate volatility despite easing inflationary pressures in some markets. 📲 In the long term, sustainable practices like local manufacturing—already implemented in Egypt and potentially in Nigeria—will be crucial for vendors. Manish Pravinkumar 刘艺璇（Amber LIU） #smartphones #africa #MEA