Republic of Korea - Inductors - Market Analysis, Forecast, Size, Trends And Insights
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View PricingInductor Price in South Korea - 2022
Contents:
- Inductor Price in South Korea (CIF) - 2022
- Inductor Price in South Korea (FOB) - 2022
- Inductor Imports in South Korea
- Inductor Exports in South Korea
Inductor Price in South Korea (CIF) - 2022
The average inductor import price stood at $277 per thousand units in December 2022, surging by 20% against the previous month. Over the period under review, the import price saw a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $321 per thousand units in October 2022; however, from November 2022 to December 2022, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Vietnam ($207 per thousand units), while the price for China ($123 per thousand units) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by China (-0.8%), while the prices for the other major suppliers experienced a decline.
Inductor Price in South Korea (FOB) - 2022
In December 2022, the average inductor export price amounted to $121 per thousand units, jumping by 41% against the previous month. Overall, the export price continues to indicate perceptible growth. The most prominent rate of growth was recorded in January 2022 an increase of 100% m-o-m. Over the period under review, the average export prices attained the maximum at $185 per thousand units in February 2022; however, from March 2022 to December 2022, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Vietnam ($276 per thousand units), while the average price for exports to Saudi Arabia ($58.0 per thousand units) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bangladesh (+20.3%), while the prices for the other major destinations experienced more modest paces of growth.
Inductor Imports in South Korea
In 2022, the amount of inductors imported into South Korea dropped to 2.6B units, waning by -9.1% against the previous year's figure. The total import volume increased at an average annual rate of +3.6% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 26% against the previous year. As a result, imports reached the peak of 2.8B units, and then reduced in the following year.
In value terms, inductor imports reduced to $652M in 2022. In general, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +9.3% 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 +30.6% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 35% against the previous year. As a result, imports attained the peak of $748M, and then fell in the following year.
| Import of Inductor in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 202 | 229 | 277 | 283 | 11.9% |
| Japan | 107 | 140 | 205 | 100 | -2.2% |
| Vietnam | 63.3 | 62.9 | 95.4 | 99.1 | 16.1% |
| Philippines | 64.5 | 58.9 | 88.8 | 44.9 | -11.4% |
| Thailand | 14.7 | 15.5 | 20.4 | 21.2 | 13.0% |
| Indonesia | 6.6 | 11.0 | 13.1 | 13.6 | 27.3% |
| Others | 41.9 | 38.4 | 48.5 | 90.2 | 29.1% |
| Total | 499 | 556 | 748 | 652 | 9.3% |
Top Suppliers of Inductor to South Korea in 2022:
- China (1769.1M units)
- Vietnam (294.4M units)
- Thailand (116.2M units)
- Philippines (46.1M units)
- Indonesia (45.8M units)
- Japan (44.7M units)
Inductor Exports in South Korea
Inductor exports from South Korea reached 2.5B units in 2022, growing by 10% on the previous year's figure. Over the period under review, total exports indicated a significant increase from 2019 to 2022: its volume increased at an average annual rate of +24.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +93.1% against 2019 indices. The growth pace was the most rapid in 2020 when exports increased by 68% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in years to come.
In value terms, inductor exports contracted to $313M in 2022. The total export value increased at an average annual rate of +7.2% over the period from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2020 when exports increased by 16% against the previous year. The exports peaked at $331M in 2021, and then fell in the following year.
| Export of Inductor in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 91.4 | 112 | 128 | 103 | 4.1% |
| China | 60.5 | 64.9 | 65.6 | 60.1 | -0.2% |
| India | 9.8 | 12.1 | 14.0 | 25.9 | 38.3% |
| Saudi Arabia | 4.8 | 10.4 | 26.7 | 21.4 | 64.6% |
| United States | 11.2 | 13.4 | 16.0 | 19.4 | 20.1% |
| Mexico | 5.1 | 7.0 | 8.1 | 15.0 | 43.3% |
| Japan | 9.7 | 9.5 | 9.1 | 4.9 | -20.4% |
| Thailand | 5.3 | 6.2 | 6.1 | 4.9 | -2.6% |
| Bahrain | 10.0 | 1.2 | 1.5 | 3.6 | -28.9% |
| Canada | 0.8 | 4.3 | 3.6 | 2.6 | 48.1% |
| Kuwait | N/A | N/A | N/A | 2.5 | 0% |
| Others | 45.6 | 53.8 | 51.8 | 49.6 | 2.8% |
| Total | 254 | 295 | 331 | 313 | 7.2% |
Top Export Markets for Inductor from South Korea in 2022:
- Saudi Arabia (590.7M units)
- China (427.8M units)
- Vietnam (299.2M units)
- United States (226.5M units)
- India (201.9M units)
- Bahrain (121.6M units)
- Japan (102.0M units)
- Kuwait (92.8M units)
- Canada (63.4M units)
- Thailand (63.2M units)
- Mexico (56.9M units)
This report provides an in-depth analysis of the inductor 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 27115080 - Inductors (excluding induction coils, deflection coils for cathode-ray tubes, for discharge lamps and tubes)
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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