Republic of Korea - Electrical Or Battery Operated Lighting Or Visual Signalling For Bicycles - Market Analysis, Forecast, Size, Trends And Insights
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View PricingBicycle Lighting Price in South Korea - 2022
Contents:
- Bicycle Lighting Price in South Korea (CIF) - 2022
- Bicycle Lighting Price in South Korea (FOB) - 2022
- Bicycle Lighting Imports in South Korea
- Bicycle Lighting Exports in South Korea
Bicycle Lighting Price in South Korea (CIF) - 2022
In 2022, the average bicycle lighting import price amounted to $8.5 per unit, with an increase of 39% against the previous year. Overall, the import price posted a resilient increase. The most prominent rate of growth was recorded in 2018 an increase of 58%. Over the period under review, average import prices hit record highs at $10 per unit in 2019; however, from 2020 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 Germany ($8.5 per unit), while the price for Taiwan (Chinese) ($8.5 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+8.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Bicycle Lighting Price in South Korea (FOB) - 2022
In 2022, the average bicycle lighting export price amounted to $3.2 per unit, rising by 25% against the previous year. In general, the export price saw a prominent expansion. The most prominent rate of growth was recorded in 2018 an increase of 133%. The export price peaked at $6.9 per unit in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.
Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Japan ($3.4 per unit) and the United States ($3.2 per unit), while the average price for exports to Spain ($3.1 per unit) and the UK ($3.2 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Romania (+132.1%), while the prices for the other major destinations experienced more modest paces of growth.
Bicycle Lighting Imports in South Korea
After three years of growth, supplies from abroad of electrical or battery operated lighting or visual signalling for bicycles decreased by -41.4% to 685K units in 2022. In general, imports, however, showed a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 116%. Imports peaked at 1.2M units in 2021, and then shrank markedly in the following year.
In value terms, bicycle lighting imports dropped remarkably to $5.8M in 2022. Over the period under review, imports, however, enjoyed a significant increase. The growth pace was the most rapid in 2020 with an increase of 68%. Over the period under review, imports hit record highs at $7.2M in 2021, and then contracted notably in the following year.
| Import of Bicycle Lighting in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2.7 | 4.8 | 6.3 | 5.0 | 22.8% |
| Taiwan (Chinese) | 0.5 | 0.6 | 0.8 | 0.7 | 11.9% |
| Germany | N/A | 0.1 | 0.1 | 0.1 | 0.0% |
| Others | 0.1 | 0.1 | 0.1 | 0.1 | 0.0% |
| Total | 3.3 | 5.6 | 7.2 | 5.8 | 20.7% |
Top Suppliers of Bicycle Lighting to South Korea in 2022:
- China (582.1K units)
- Taiwan (Chinese) (78.0K units)
- Germany (10.3K units)
Bicycle Lighting Exports in South Korea
For the fourth consecutive year, South Korea recorded growth in overseas shipments of electrical or battery operated lighting or visual signalling for bicycles, which increased by 60% to 744K units in 2022. Over the period under review, exports saw significant growth. The pace of growth was the most pronounced in 2021 when exports increased by 403% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in years to come.
In value terms, bicycle lighting exports soared to $2.4M in 2022. Overall, exports saw significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 173%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the near future.
| Export of Bicycle Lighting in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 58.5 | 40.3 | 628 | 1,845 | 215.9% |
| United Kingdom | 232 | 183 | 235 | 299 | 8.8% |
| Estonia | N/A | N/A | N/A | 126 | 0% |
| Japan | 32.0 | 7.7 | 131 | 39.2 | 7.0% |
| Others | 162 | 209 | 208 | 95.8 | -16.1% |
| Total | 485 | 440 | 1,202 | 2,405 | 70.5% |
Top Export Markets for Bicycle Lighting from South Korea in 2022:
- United States (574.9K units)
- United Kingdom (93.2K units)
- Estonia (39.4K units)
- Japan (11.5K units)
This report provides an in-depth analysis of the bicycle lighting 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 29312310 - Electrical or battery operated lighting or visual signalling of a kind used on bicycles
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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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