From 2013 to 2023, mobile voice calls in China, expressed in unit minutes time, have shown a steady, albeit slowing, growth trend. In 2023, the volume of mobile voice calls was at 225 unit minutes time. Year-on-year variation decreased from 4.71% in 2013 to 1.81% in 2023. The Compound Annual Growth Rate (CAGR) also tapered from 10.84% in 2014 to 2.28% by 2023. For instance, recent data shows an average annual growth rate of 2.43% over the last five years.
Looking ahead, projected data indicates a continued, though slower, growth pattern with a forecasted five-year CAGR of 1.44% from 2024 to 2028. By 2028, the total volume is predicted to increase by 7.39% over the 2023 levels, reaching 247 unit minutes time.
Future trends to watch for include:
- Shifts from traditional voice calls to internet-based voice services.
- Potential impacts of 5G technology adoption.
- Changes in consumer behavior due to increased usage of messaging apps and other communication platforms.
- Regulatory changes impacting tariffs and call costs.
