Republic of Korea - Pacemakers For Stimulating Heart Muscles (Excl. Parts And Accessories) - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPacemaker Price in South Korea - 2022
Contents:
- Pacemaker Price in South Korea (CIF) - 2022
- Pacemaker Price in South Korea (FOB) - 2022
- Pacemaker Imports in South Korea
- Pacemaker Exports in South Korea
Pacemaker Price in South Korea (CIF) - 2022
In 2022, the average pacemaker import price amounted to $1,919 per unit, shrinking by -4% against the previous year. Over the period under review, the import price showed a deep slump. The most prominent rate of growth was recorded in 2021 an increase of 24% against the previous year. The import price peaked at $3,394 per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Switzerland ($2,176 per unit), while the price for Italy ($998 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (-3.0%), while the prices for the other major suppliers experienced a decline.
Pacemaker Price in South Korea (FOB) - 2022
The average pacemaker export price stood at $2,478 per unit in 2022, increasing by 9.7% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 14%. Over the period under review, the average export prices hit record highs at $3,025 per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($4,100 per unit), while the average price for exports to Italy ($1,709 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+4.0%), while the prices for the other major destinations experienced mixed trend patterns.
Pacemaker Imports in South Korea
In 2022, overseas purchases of pacemakers for stimulating heart muscles (excl. parts and accessories) decreased by -3% to 17K units, falling for the second year in a row after two years of growth. Overall, imports showed a noticeable slump. The pace of growth was the most pronounced in 2020 when imports increased by 1.3%. As a result, imports attained the peak of 19K units. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, pacemaker imports reduced to $32M in 2022. The total import value increased at an average annual rate of +2.1% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 16%. As a result, imports reached the peak of $35M, and then dropped in the following year.
| Import of Pacemaker in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Switzerland | 7.3 | 11.2 | 11.5 | 10.0 | 11.1% |
| Malaysia | 6.2 | 6.3 | 9.6 | 8.3 | 10.2% |
| Ireland | 7.9 | 5.7 | 7.7 | 6.7 | -5.3% |
| Germany | 3.4 | 3.4 | 5.3 | 4.6 | 10.6% |
| United States | 4.5 | 2.7 | 0.3 | 2.1 | -22.4% |
| Italy | 0.3 | 0.4 | 0.3 | 0.3 | 0.0% |
| Others | 0.7 | 0.3 | N/A | 0.3 | -24.6% |
| Total | 30.4 | 29.9 | 34.7 | 32.3 | 2.0% |
Top Suppliers of Pacemaker to South Korea in 2022:
- Switzerland (4.6K units)
- Malaysia (3.9K units)
- Ireland (3.7K units)
- Germany (2.7K units)
- United States (1.3K units)
- Italy (0.3K units)
Pacemaker Exports in South Korea
In 2022, shipments abroad of pacemakers for stimulating heart muscles (excl. parts and accessories) was finally on the rise to reach 174 units for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, recorded a dramatic descent. The exports peaked at 341 units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, pacemaker exports soared to $431K in 2022. Over the period under review, exports, however, showed a abrupt slump. Over the period under review, the exports hit record highs at $739K in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
| Export of Pacemaker in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 410 | 520 | 148 | 223 | -18.4% |
| Italy | 111 | 12.6 | 129 | 166 | 14.4% |
| Belgium | 96.2 | 9.3 | 25.4 | 32.7 | -30.2% |
| Germany | 26.7 | 10.6 | 6.5 | 9.6 | -28.9% |
| Mozambique | 54.4 | N/A | N/A | N/A | 0% |
| Netherlands | 39.7 | N/A | N/A | N/A | 0% |
| Others | 0.3 | N/A | N/A | N/A | 0% |
| Total | 739 | 553 | 309 | 431 | -16.5% |
Top Export Markets for Pacemaker from South Korea in 2022:
- Italy (97.0 units)
- United States (54.0 units)
- Belgium (17.0 units)
- Germany (5.0 units)
This report provides an in-depth analysis of the pacemaker 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 26601450 - Pacemakers for stimulating heart muscles (excluding parts and accessories)
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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