Where I live, I often decide to leave my 12 mini at home because I don't want to be robbed. If I take it, I cannot take it out of my pocket until my destination.
They steal you, if you are lucky that's it. If you are unlucky they hold you at guns point or knifes edge until you remove your iCloud account. Cops can't do much, as they use minors to do the robbery and police can't enter the places they disassemble the iPhones, not even if your FindMy is pointing exactly where it is. Minors caught are released after about 12h of being held and are found doing the same thing next day.
When you want to sell/buy used iPhone, you might also be at risk. You can be robbed trying to sell and you can buy a completely remix of a phone from scrapped parts and non original parts that put together can barely work. People repairing sometimes never had formal training, and it could affect safety.
I wonder if Apple considers this at all. It would be naive to think any of what Apple is doing is intended at developing countries safety, but I can't stop thinking the warnings about non-legitimate parts would maybe help people buying second hand, and there is a very small hope in me that it become less lucrative to steal phones in the future.