Republic of Korea - Distributors And Ignition Coils - Market Analysis, Forecast, Size, Trends And Insights
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View PricingIgnition Coil Price in South Korea - 2022
Contents:
- Ignition Coil Price in South Korea (CIF) - 2022
- Ignition Coil Price in South Korea (FOB) - 2022
- Ignition Coil Imports in South Korea
- Ignition Coil Exports in South Korea
Ignition Coil Price in South Korea (CIF) - 2022
The average ignition coil import price stood at $11 per unit in 2022, picking up by 9.6% against the previous year. Over the period under review, the import price, however, saw a pronounced shrinkage. The pace of growth appeared the most rapid in 2019 when the average import price increased by 15%. The import price peaked at $17 per unit in 2013; however, from 2014 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 highest price was recorded for prices from the UK ($11 per unit) and Slovenia ($11 per unit), while the price for China ($11 per unit) and India ($11 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (-3.8%), while the prices for the other major suppliers experienced a decline.
Ignition Coil Price in South Korea (FOB) - 2022
The average ignition coil export price stood at $9.1 per unit in 2022, jumping by 26% against the previous year. Overall, the export price, however, continues to indicate a mild contraction. The most prominent rate of growth was recorded in 2017 when the average export price increased by 34% against the previous year. Over the period under review, the average export prices attained the peak figure at $11 per unit in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.
Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were Iran ($9.1 per unit) and Mexico ($9.1 per unit), while the average price for exports to Australia ($9.1 per unit) and China ($9.1 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 Slovakia (-1.2%), while the prices for the other major destinations experienced a decline.
Ignition Coil Imports in South Korea
After three years of growth, purchases abroad of distributors and ignition coils decreased by -17.1% to 3.4M units in 2022. In general, imports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 147%. Imports peaked at 4.1M units in 2021, and then dropped notably in the following year.
In value terms, ignition coil imports reduced to $37M in 2022. Over the period under review, imports, however, recorded significant growth. The pace of growth was the most pronounced in 2020 with an increase of 72% against the previous year. Over the period under review, imports reached the maximum at $41M in 2021, and then fell in the following year.
Import of Ignition Coil in South Korea (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 4.3 | 10.5 | 15.6 | 14.8 | 51.0% |
Japan | 5.0 | 10.4 | 15.4 | 11.3 | 31.2% |
United States | 1.8 | 4.5 | 6.0 | 5.5 | 45.1% |
Turkey | 0.3 | 1.3 | 1.3 | 1.7 | 78.3% |
United Kingdom | N/A | 0.1 | N/A | 0.9 | 200.0% |
Mexico | 3.8 | 0.6 | 0.6 | 0.7 | -43.1% |
Slovenia | 0.5 | 0.4 | 0.6 | 0.7 | 11.9% |
Germany | 0.4 | 0.9 | 0.6 | 0.4 | 0.0% |
Others | 0.8 | 0.5 | 0.8 | 1.2 | 14.5% |
Total | 17.0 | 29.2 | 40.9 | 37.2 | 29.8% |
Top Suppliers of Ignition Coil to South Korea in 2022:
- China (1361.0K units)
- Japan (1044.2K units)
- United States (508.2K units)
- Turkey (155.1K units)
- United Kingdom (78.4K units)
- Slovenia (65.0K units)
- Mexico (63.6K units)
- Germany (38.3K units)
Ignition Coil Exports in South Korea
Ignition coil exports from South Korea declined markedly to 1.7M units in 2022, reducing by -45% against 2021. In general, exports saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 53%. As a result, the exports reached the peak of 3.1M units, and then fell rapidly in the following year.
In value terms, ignition coil exports fell dramatically to $15M in 2022. Over the period under review, exports faced a deep setback. The growth pace was the most rapid in 2021 with an increase of 26%. The exports peaked at $29M in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
Export of Ignition Coil in South Korea (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
India | 6.6 | 4.4 | 8.0 | 6.7 | 0.5% |
Slovakia | 3.5 | 1.2 | 2.9 | 2.2 | -14.3% |
United States | 8.8 | 4.1 | 3.3 | 1.5 | -44.6% |
Russia | 0.3 | 0.3 | 1.0 | 1.0 | 49.4% |
Brazil | N/A | N/A | N/A | 0.8 | 0% |
Germany | 0.5 | 0.6 | 0.5 | 0.6 | 6.3% |
Australia | 0.1 | 0.2 | 0.3 | 0.3 | 44.2% |
China | 1.6 | 0.5 | 0.3 | 0.1 | -60.3% |
United Arab Emirates | 4.6 | 4.6 | 3.5 | N/A | -12.8% |
Others | 2.7 | 1.6 | 2.1 | 1.9 | -11.1% |
Total | 28.8 | 17.5 | 21.9 | 15.2 | -19.2% |
Top Export Markets for Ignition Coil from South Korea in 2022:
- India (741.1K units)
- Slovakia (248.1K units)
- United States (162.1K units)
- Russia (109.6K units)
- Brazil (89.9K units)
- Germany (70.4K units)
- Australia (37.3K units)
- China (7.3K units)
- United Arab Emirates (5.4K units)
This report provides an in-depth analysis of the ignition coil 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 29312170 - Distributors and ignition coils
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
-
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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