Price for Electronic Integrated Circuits; Memories in South Korea - 2022
Contents:
- Price for Electronic Integrated Circuits; Memories in South Korea (FOB) - 2022
- Price for Electronic Integrated Circuits; Memories in South Korea (CIF) - 2022
- Exports of Electronic Integrated Circuits; Memories in South Korea
- Imports of Electronic Integrated Circuits; Memories in South Korea
Price for Electronic Integrated Circuits; Memories in South Korea (FOB) - 2022
In December 2022, the average electronic integrated circuits; memories export price amounted to $11.1 per unit, declining by -10.6% against the previous month. In general, the export price saw a abrupt decrease. The pace of growth appeared the most rapid in August 2022 an increase of 14% m-o-m. The export price peaked at $23.2 per unit in May 2022; however, from June 2022 to December 2022, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was China ($16.2 per unit), while the average price for exports to the Philippines ($3.1 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 Singapore (+4.2%), while the prices for the other major destinations experienced a decline.
Price for Electronic Integrated Circuits; Memories in South Korea (CIF) - 2022
The average electronic integrated circuits; memories import price stood at $13.2 per unit in December 2022, dropping by -11.5% against the previous month. Over the period under review, the import price saw a pronounced shrinkage. The pace of growth appeared the most rapid in February 2022 an increase of 17% month-to-month. The import price peaked at $22.0 per unit in June 2022; however, from July 2022 to December 2022, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In December 2022, the country with the highest price was Hong Kong SAR ($35.1 per unit), while the price for Taiwan (Chinese) ($8.2 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 Taiwan (Chinese) (+6.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Electronic Integrated Circuits; Memories in South Korea
Electronic integrated circuits; memories exports from South Korea was estimated at 14B units in 2022, increasing by 2.6% on 2021. Overall, exports, however, continue to indicate a deep reduction. The pace of growth appeared the most rapid in 2021 when exports increased by 14%. The exports peaked at 17B units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, electronic integrated circuits; memories exports reduced to $60.8B in 2022. Over the period under review, exports, however, showed a pronounced reduction. The most prominent rate of growth was recorded in 2021 with an increase of 32%. As a result, the exports attained the peak of $69.2B, and then shrank in the following year.
| Export of Electronic Integrated Circuits; Memories in South Korea (Billion USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 32.1 | 28.4 | 33.5 | 38.5 | 6.2% |
| Hong Kong SAR | 20.2 | 13.7 | 18.3 | 10.4 | -19.9% |
| Vietnam | 4.5 | 3.0 | 6.1 | 4.9 | 2.9% |
| Taiwan (Chinese) | 2.7 | 2.5 | 4.4 | 3.5 | 9.0% |
| Philippines | 2.5 | 2.2 | 3.0 | 0.1 | -65.8% |
| Others | 3.8 | 2.7 | 3.9 | 3.4 | -3.6% |
| Total | 65.9 | 52.4 | 69.2 | 60.8 | -2.6% |
Top Export Markets for Electronic Integrated Circuits; Memories from South Korea in 2022:
- Philippines (undefinedB units)
- China (9.7B units)
- Hong Kong SAR (1.9B units)
- Vietnam (1.0B units)
- Taiwan (Chinese) (0.9B units)
Imports of Electronic Integrated Circuits; Memories in South Korea
In 2022, the amount of electronic integrated circuits imported into South Korea reduced to 5.5B units, waning by -8.5% against 2021. The total import volume increased at an average annual rate of +2.8% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 27% against the previous year. As a result, imports reached the peak of 6.1B units, and then reduced in the following year.
In value terms, electronic integrated circuits; memories imports fell to $18.7B in 2022. The total import value increased at an average annual rate of +7.6% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 29% against the previous year. As a result, imports reached the peak of $21B, and then reduced in the following year.
| Import of Electronic Integrated Circuits; Memories in South Korea (Billion USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 12.9 | 14.2 | 18.4 | 16.4 | 8.3% |
| Taiwan (Chinese) | 0.6 | 0.7 | 1.0 | 0.7 | 5.3% |
| Others | 1.5 | 1.4 | 1.6 | 1.6 | 2.2% |
| Total | 15.0 | 16.3 | 21.0 | 18.7 | 7.6% |
Top Suppliers of Electronic Integrated Circuits; Memories to South Korea in 2022:
- China (4.6B units)
- Taiwan (Chinese) (0.7B units)
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