Republic of Korea - Non-Electrical Lamps And Lighting Fittings - Market Analysis, Forecast, Size, Trends And Insights
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View PricingNon-Electrical Lamp Price in South Korea - 2022
Contents:
- Non-Electrical Lamp Price in South Korea (CIF) - 2022
- Non-Electrical Lamp Price in South Korea (FOB) - 2022
- Non-Electrical Lamp Imports in South Korea
- Non-Electrical Lamp Exports in South Korea
Non-Electrical Lamp Price in South Korea (CIF) - 2022
In 2022, the average non-electrical lamp import price amounted to $3.9 per unit, increasing by 6.8% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average import price increased by 48%. The import price peaked at $4.9 per unit in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($5.4 per unit), while the price for India ($2.4 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+1.8%), while the prices for the other major suppliers experienced a decline.
Non-Electrical Lamp Price in South Korea (FOB) - 2022
The average non-electrical lamp export price stood at $14.7 per unit in December 2022, declining by -56.3% against the previous month. Overall, the export price continues to indicate a abrupt decrease. The most prominent rate of growth was recorded in September 2022 an increase of 233% month-to-month. As a result, the export price attained the peak level of $40.8 per unit. From October 2022 to December 2022, the the average export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In December 2022, the country with the highest price was Indonesia ($24.5 per unit), while the average price for exports to Chile ($6.8 per unit) 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 Indonesia (+17.9%), while the prices for the other major destinations experienced mixed trend patterns.
Non-Electrical Lamp Imports in South Korea
In 2022, supplies from abroad of non-electrical lamps and lighting fittings decreased by -1.6% to 1.8M units, falling for the second year in a row after two years of growth. The total import volume increased at an average annual rate of +10.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 with an increase of 44%. As a result, imports reached the peak of 2M units. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, non-electrical lamp imports expanded markedly to $7.2M in 2022. Over the period under review, imports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 113%. As a result, imports attained the peak of $7.6M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
| Import of Non-Electrical Lamp in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2.6 | 6.1 | 5.2 | 6.6 | 36.4% |
| United States | 0.4 | 0.3 | 0.5 | N/A | 11.8% |
| Others | 0.5 | 1.2 | 1.3 | 0.6 | 6.3% |
| Total | 3.6 | 7.6 | 6.9 | 7.2 | 26.0% |
Top Suppliers of Non-Electrical Lamp to South Korea in 2022:
- China (1727.2K units)
- United States (7.8K units)
Non-Electrical Lamp Exports in South Korea
After three years of growth, overseas shipments of non-electrical lamps and lighting fittings decreased by -28.7% to 237K units in 2022. Overall, exports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 81% against the previous year. The exports peaked at 332K units in 2021, and then fell markedly in the following year.
In value terms, non-electrical lamp exports fell to $2.7M in 2022. In general, exports, however, recorded a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 69%. Over the period under review, the exports reached the peak figure at $3.1M in 2021, and then reduced in the following year.
| Export of Non-Electrical Lamp in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 623 | 637 | 1,665 | 889 | 12.6% |
| United States | 54.1 | 328 | 285 | 353 | 86.9% |
| China | 49.9 | 48.2 | 166 | 300 | 81.8% |
| Guinea | 118 | 107 | 121 | 134 | 4.3% |
| Indonesia | 132 | 107 | 126 | 127 | -1.3% |
| United Arab Emirates | 10.0 | 0.3 | 46.9 | 47.5 | 68.1% |
| Malaysia | 19.7 | 9.1 | 2.0 | 6.3 | -31.6% |
| Cambodia | 5.6 | 4.0 | 3.6 | 3.2 | -17.0% |
| Philippines | 59.9 | 50.1 | 64.9 | 2.3 | -66.3% |
| Vanuatu | 1.0 | 0.9 | 1.1 | 1.3 | 9.1% |
| Congo | N/A | 776 | N/A | N/A | 0% |
| Samoa | 16.9 | N/A | N/A | N/A | 0% |
| Others | 303 | 290 | 636 | 875 | 42.4% |
| Total | 1,394 | 2,358 | 3,118 | 2,738 | 25.2% |
Top Export Markets for Non-Electrical Lamp from South Korea in 2022:
- Indonesia (26.9K units)
- United States (20.3K units)
- Japan (19.8K units)
- Guinea (14.5K units)
- Vanuatu (7.9K units)
- China (7.0K units)
- Cambodia (3.2K units)
- Malaysia (2.8K units)
- United Arab Emirates (1.9K units)
- Philippines (0.2K units)
This report provides an in-depth analysis of the non-electrical lamp 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 27402300 - Non-electrical lamps and lighting fittings
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
268
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