Price for Electronic Integrated Circuits and Microassemblies in South Korea - 2022

Contents:

1. Price for Electronic Integrated Circuits and Microassemblies in South Korea (FOB) - 2022
2. Price for Electronic Integrated Circuits and Microassemblies in South Korea (CIF) - 2022
3. Exports of Electronic Integrated Circuits and Microassemblies in South Korea
4. Imports of Electronic Integrated Circuits and Microassemblies in South Korea

Price for Electronic Integrated Circuits and Microassemblies in South Korea (FOB) - 2022

In 2021, the average export price for electronic integrated circuits and microassemblieses amounted to $127 per unit, with a decrease of -14% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average export price increased by 35%. Over the period under review, the average export prices reached the peak figure at $231 per unit in 2016; however, from 2017 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hong Kong SAR ($6.8 per unit), while the average price for exports to Thailand ($0.4 per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (+14.9%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Electronic Integrated Circuits and Microassemblies in South Korea (CIF) - 2022

The average import price for electronic integrated circuits and microassemblieses stood at $30 per unit in 2021, dropping by -26.4% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the average import price increased by 97%. Over the period under review, average import prices attained the maximum at $46 per unit in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United States ($7.8 per unit), while the price for Thailand ($1.5 per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+16.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Electronic Integrated Circuits and Microassemblies in South Korea

In 2022, exports of electronic integrated circuits and microassemblieses from South Korea declined sharply to 1.3B units, waning by -23.1% compared with the year before. In general, total exports indicated a tangible expansion from 2019 to 2022: its volume increased at an average annual rate of +4.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +42.9% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by 86%. As a result, the exports attained the peak of 1.7B units, and then reduced dramatically in the following year.

In value terms, electronic integrated circuits and microassemblies exports dropped notably to $176.3B in 2022. Overall, total exports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +12.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +40.9% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 60% against the previous year. As a result, the exports attained the peak of $216.8B, and then declined dramatically in the following year.

Top Export Markets for Electronic Integrated Circuits and Microassemblies from South Korea in 2022:

1. China (7.5B units)
2. Hong Kong SAR (3.6B units)
3. Taiwan (Chinese) (3.1B units)
4. Malaysia (2.2B units)
5. Vietnam (2.1B units)
6. Singapore (1.7B units)
7. Thailand (1.6B units)
8. Philippines (1.5B units)

Imports of Electronic Integrated Circuits and Microassemblies in South Korea

In 2022, the amount of electronic integrated circuits and microassemblieses imported into South Korea reduced notably to 1.4B units, which is down by -20.5% against the previous year's figure. In general, imports saw a abrupt shrinkage. The growth pace was the most rapid in 2021 with an increase of 70% against the previous year. Over the period under review, imports reached the maximum at 1.7B units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, electronic integrated circuits and microassemblies imports reduced to $45.3B in 2022. The total import value increased at an average annual rate of +8.3% 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 with an increase of 25% against the previous year. As a result, imports attained the peak of $50.3B, and then declined in the following year.

Top Suppliers of Electronic Integrated Circuits and Microassemblies to South Korea in 2022:

1. China (4.4B units)
2. Taiwan (Chinese) (2.7B units)
3. Malaysia (0.8B units)
4. Japan (0.8B units)
5. Singapore (0.4B units)
6. Philippines (0.4B units)
7. United States (0.4B units)
8. Thailand (0.4B units)
9. Hong Kong SAR (0.2B units)

Source: IndexBox Market Intelligence Platform