Publication date: 15 Feb 2023
Vietnam’s 2022 Smartphone Shipments Fell To 2015 Levels, According to IDC
Contact
For more information, contact:- Thanh Vo Email: tvo_ext@idc.com
- Jane Jia Qi Yap (jqyap) Email: jqyap@idc.com Phone number: +603 7663 2173
- Fenny Tjandradinata (ftjandradinata) Email: ftjandradinata@idc.com
Ho Chi Minh City, February 15, 2022 – Vietnam's smartphone shipments declined by 15.6% in 2022 to 13.4 million units, according to International Data Corporation's (IDC) Worldwide Quarterly Mobile Phone Tracker. These volumes were just slightly better than the 13.2 million units in 2015 when the market was still on the rise. In 4Q22, significantly dampened consumer demand, high inflation, and economic uncertainties pushed the market down 50.3% year over year (YoY) to 2.6 million units, a total not seen since 3Q21 when the market was struggling with supplies during the COVID-19 pandemic. This is despite the fourth quarter of the year usually being a seasonally strong period.
"The rising living cost and growing macro-economic concerns resulted in a significantly low consumer demand, dampening any rebound in 2022 when Vietnam re-opened," said Thanh Vo, Research Analyst for Client Devices at IDC Vietnam. "This has led to a cautious start in 2023 as vendors rethought their portfolio of devices amidst profitability concerns."
Apple was a bright spot in 2022, being the only top smartphone vendor to weather the decline with positive growth due to the high demand for the iPhone 14 series despite the production issues in China affecting the iPhone 14 Pro and iPhone 14 Pro Max supplies.
Vietnam Smartphone Market, Top 5 Company Shipments, Market Share, and YoY Growth, 2022 (shipments in thousands) | |||||
Company | 2022 Shipments | 2022 Market Share | 2021 Shipments | 2021 Market Share | YOY Growth |
1. Samsung | 4,908 | 36.6% | 5,290 | 33.3% | -7.2% |
2. OPPO | 2,741 | 20.4% | 2,781 | 17.5% | -1.5% |
3. Xiaomi | 1,991 | 14.8% | 2,023 | 12.7% | -1.6% |
4. Apple | 1,757 | 13.1% | 1,422 | 8.9% | 23.6% |
5. vivo | 928 | 6.9% | 1,858 | 11.7% | -50.0% |
Others | 1,087 | 8.2% | 2,525 | 15.9% | -56.9% |
Total | 13,413 | 100.0% | 15,900 | 100.0% | -15.6% |
Source: IDC Quarterly Mobile Phone Tracker, 2022Q4 | |||||
Notes: * Data are preliminary and subject to change * All figures are rounded off | |||||
Smartphone Company (4Q22) Highlights:
Samsung declined 4.9% quarter over quarter (QoQ), but it was a remarkable effort in the market downturn. Its Galaxy A-series phones made the largest contribution to Samsung's shipments with the Galaxy A04, Galaxy A13, and Galaxy A23 being the most popular. Samsung's share increased to 40.4% in 4Q22 from 34.0% in 3Q22.
OPPO kept its second position with a 21.3% share by units in 4Q22, despite a slight 0.3 percentage point drop QoQ. Its shipments declined for the second straight quarter with a 21.0% QoQ and a 38.9% YoY drop. OPPO’s affordable smartphone range such as the A17k, A57, A77s, and A17 were the main workhorses across its portfolio.
Apple was a bright spot as its shipments increased 42.7% QoQ in the fourth quarter of 2022. The new iPhone 14 series drove the growth of Apple in Vietnam despite production issues. Apple's overall shipments grew 23.6% YoY for the full year 2022, broadly outperforming the market downturn.
vivo faced a steeper shipment drop of 80.7% YoY and 49.5% QoQ in 4Q22, resulting in a more cautious approach and supporting sales by offering discounts and/or other activities. vivo finished 4Q22 with 6.3% share, a decline from 9.9% share in the previous quarter.
Xiaomi’s shipments dropped down to 138,000 units in the fourth quarter of 2022, a decline of 74.8% YoY and 71.0% QoQ as its share declined to 5.4% from 14.9% in the previous quarter. Its Redmi A1, Redmi 10C, Redmi Note 11/ Note 11 Pro and Redmi 9C represented the largest contribution of all Xiaomi smartphone shipments in 4Q22.
To know more about the IDC Vietnam Quarterly Mobile Phone Tracker, please contact Thanh Vo at tvo_ext@idc.com. For media inquiries, contact Fenny Tjandradinata at ftjandradinata@idc.com or Jane Yap at jqyap@idc.com.
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