Republic of Korea - Instruments Using Optical Radiations - Market Analysis, Forecast, Size, Trends And Insights
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View PricingOptical Radiation Instruments Price in South Korea - 2022
Contents:
- Optical Radiation Instruments Price in South Korea (CIF) - 2022
- Optical Radiation Instruments Price in South Korea (FOB) - 2022
- Optical Radiation Instruments Imports in South Korea
- Optical Radiation Instruments Exports in South Korea
Optical Radiation Instruments Price in South Korea (CIF) - 2022
In December 2022, the average optical radiation instruments import price amounted to $552 per unit, falling by -2.9% against the previous month. Over the period under review, the import price showed a mild curtailment. The most prominent rate of growth was recorded in January 2022 when the average import price increased by 48% m-o-m. As a result, import price reached the peak level of $936 per unit. From February 2022 to December 2022, the average import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Israel ($931 per unit), while the price for Thailand ($75.8 per unit) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by the United States (+1.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Optical Radiation Instruments Price in South Korea (FOB) - 2022
The average optical radiation instruments export price stood at $258 per unit in 2022, growing by 8.9% against the previous year. In general, the export price, however, showed a pronounced decline. The most prominent rate of growth was recorded in 2015 an increase of 29%. Over the period under review, the average export prices reached the peak figure at $326 per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Myanmar.
From 2012 to 2022, the rate of growth in terms of prices for Hong Kong SAR amounted to +6.2% per year.
Optical Radiation Instruments Imports in South Korea
After three years of growth, supplies from abroad of instruments using optical radiations decreased by -8.4% to 1.4M units in 2022. The total import volume increased at an average annual rate of +8.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 21%. As a result, imports reached the peak of 1.5M units, and then dropped in the following year.
In value terms, optical radiation instruments imports dropped to $494M in 2022. The total import value increased at an average annual rate of +9.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 27% against the previous year. As a result, imports attained the peak of $551M, and then dropped in the following year.
| Import of Optical Radiation Instruments in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 110 | 127 | 124 | 162 | 13.8% |
| Israel | 16.0 | 64.0 | 104 | 107 | 88.4% |
| Japan | 20.5 | 25.0 | 41.2 | 39.2 | 24.1% |
| Germany | 34.4 | 47.6 | 45.5 | 38.8 | 4.1% |
| China | 13.0 | 18.5 | 13.1 | 24.9 | 24.2% |
| United Kingdom | 16.0 | 11.2 | 16.5 | 14.2 | -3.9% |
| France | 4.5 | 6.5 | 5.1 | 5.9 | 9.4% |
| Singapore | 38.4 | 34.5 | 41.4 | N/A | 3.8% |
| Others | 127 | 102 | 160 | 102 | -7.0% |
| Total | 380 | 436 | 551 | 494 | 9.1% |
Top Suppliers of Optical Radiation Instruments to South Korea in 2022:
- United States (470.7K units)
- Israel (311.5K units)
- Japan (144.4K units)
- Germany (84.9K units)
- China (78.8K units)
- France (26.2K units)
- United Kingdom (19.8K units)
Optical Radiation Instruments Exports in South Korea
In 2022, the amount of instruments using optical radiations exported from South Korea declined to 291K units, dropping by -11.7% compared with 2021 figures. Overall, exports continue to indicate a pronounced decrease. The growth pace was the most rapid in 2021 with an increase of 16% against the previous year. As a result, the exports attained the peak of 330K units, and then declined in the following year.
In value terms, optical radiation instruments exports dropped to $75M in 2022. The total export value increased at an average annual rate of +1.3% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 8.4%. As a result, the exports reached the peak of $78M, and then contracted modestly in the following year.
| Export of Optical Radiation Instruments in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Myanmar | N/A | N/A | N/A | 75.1 | 0% |
| Japan | 2.5 | 2.8 | 1.7 | N/A | -17.5% |
| China | 18.3 | 13.5 | 11.8 | N/A | -19.7% |
| Vietnam | 11.0 | 1.9 | 3.4 | N/A | -44.4% |
| United States | 11.5 | 9.7 | 19.3 | N/A | 29.5% |
| India | 2.8 | 2.9 | 5.7 | N/A | 42.7% |
| Philippines | 1.1 | 1.0 | 2.7 | N/A | 56.7% |
| Iraq | 1.0 | 1.5 | 1.9 | N/A | 37.8% |
| Others | 23.9 | 38.7 | 31.6 | N/A | 15.0% |
| Total | 72.2 | 72.0 | 78.1 | 75.1 | 1.3% |
Top Export Markets for Optical Radiation Instruments from South Korea in 2022:
- Myanmar (291.3K units)
This report provides an in-depth analysis of the optical radiation instruments 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 26515350 - Instruments and apparatus using optical radiations, n.e.c.
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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