Report Update: Apr 1, 2024

Republic of Korea - Base Stations - Market Analysis, Forecast, Size, Trends And Insights

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Base Station Price in South Korea - 2022

Base Station Price in South Korea (CIF) - 2022

The average base station import price stood at $130 per unit in 2022, dropping by -8.3% against the previous year. In general, the import price continues to indicate a deep contraction. The growth pace was the most rapid in 2013 when the average import price increased by 66% against the previous year. Over the period under review, average import prices hit record highs at $999 per unit in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Finland ($130 per unit), while the price for China totaled $129 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-12.5%).

Base Station Price in South Korea (FOB) - 2022

In 2022, the average base station export price amounted to $206 per unit, dropping by -70.1% against the previous year. In general, the export price continues to indicate a deep reduction. The most prominent rate of growth was recorded in 2015 when the average export price increased by 40% against the previous year. As a result, the export price attained the peak level of $898 per unit. From 2016 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($2,748 per unit), while the average price for exports to India ($164 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mozambique (+28,870.1%), while the prices for the other major destinations experienced more modest paces of growth.

Base Station Imports in South Korea

In 2022, after three years of growth, there was significant decline in purchases abroad of base stations, when their volume decreased by -21.8% to 2.6M units. Overall, total imports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +11.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +37.1% against 2019 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 53% against the previous year. As a result, imports attained the peak of 3.4M units, and then fell markedly in the following year.

In value terms, base station imports dropped rapidly to $340M in 2022. Over the period under review, imports recorded a sharp decrease. The smallest decline of -13.1% was in 2021. Over the period under review, imports reached the maximum at $682M in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Import of Base Station in South Korea (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	651	530	468	322	-20.9%
Finland	17.7	0.7	0.2	7.4	-25.2%
Others	13.6	15.8	6.6	10.3	-8.8%
Total	682	546	475	340	-20.7%

Top Suppliers of Base Station to South Korea in 2022:

China (2501.8K units)
Finland (56.8K units)

Base Station Exports in South Korea

Base station exports from South Korea soared to 214K units in 2022, rising by 118% compared with 2021 figures. In general, exports posted a pronounced expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, base station exports shrank remarkably to $44M in 2022. Overall, exports, however, showed a sharp decrease. The pace of growth appeared the most rapid in 2021 when exports increased by 28%. Over the period under review, the exports reached the peak figure at $140M in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Export of Base Station in South Korea (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
India	10.7	6.1	1.9	33.4	46.1%
Taiwan (Chinese)	0.1	N/A	1.6	3.4	224.0%
Japan	28.9	5.8	2.7	1.6	-61.9%
China	44.1	8.9	9.2	0.7	-74.9%
United States	26.4	11.9	27.6	0.5	-73.3%
Bulgaria	0.5	0.5	0.5	N/A	0.0%
Netherlands	1.2	0.5	0.2	N/A	-59.2%
Bangladesh	5.4	5.3	6.5	N/A	9.7%
Australia	7.0	0.7	N/A	N/A	-90.0%
Others	16.0	13.0	17.0	4.4	-35.0%
Total	140	52.7	67.2	43.9	-32.1%

Top Export Markets for Base Station from South Korea in 2022:

India (203.9K units)
Taiwan (Chinese) (6.0K units)
Japan (1.6K units)
United States (0.2K units)
China (0.1K units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the base station market in Republic of Korea. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 26302310 - Base stations

Country coverage:

South Korea

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Republic of Korea
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023