Republic of Korea - Lighting Sets For Christmas Trees - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPrice for Lighting Set for Christmas Trees in South Korea - 2021
Contents:
- Price for Lighting Set for Christmas Trees in South Korea (CIF) - 2021
- Price for Lighting Set for Christmas Trees in South Korea (FOB) - 2022
- Imports of Lighting Set for Christmas Trees in South Korea
- Exports of Lighting Set for Christmas Trees in South Korea
Price for Lighting Set for Christmas Trees in South Korea (CIF) - 2021
The average import price for lighting sets for christmas trees stood at $13.8 per unit in December 2021, increasing by 15% against the previous month. Over the period under review, import price indicated a tangible expansion from December 2020 to December 2021: its price increased at an average monthly rate of +4.2% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2021 figures, lighting set for christmas trees import price decreased by -3.6% against October 2021 indices. The pace of growth appeared the most rapid in January 2021 when the average import price increased by 62% m-o-m. Over the period under review, average import prices reached the peak figure at $14.3 per unit in October 2021; however, from November 2021 to December 2021, import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for China.
From December 2020 to December 2021, the rate of growth in terms of prices for China amounted to +4.2% per month.
Price for Lighting Set for Christmas Trees in South Korea (FOB) - 2022
The average export price for lighting sets for christmas trees stood at $4.3 per unit in 2022, rising by 3.5% against the previous year. In general, export price indicated a pronounced increase from 2012 to 2022: its price increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, lighting set for christmas trees export price decreased by -11.4% against 2020 indices. The pace of growth appeared the most rapid in 2016 when the average export price increased by 66% against the previous year. As a result, the export price reached the peak level of $6.4 per unit. From 2017 to 2022, the average export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($15 per unit), while the average price for exports to Ethiopia ($0.9 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 Russia (+24.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Lighting Set for Christmas Trees in South Korea
For the fourth year in a row, South Korea recorded growth in overseas purchases of lighting sets for christmas trees, which increased by 19% to 5.2M units in 2022. Overall, imports posted significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 63% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to continue growth in years to come.
In value terms, lighting set for christmas trees imports fell to $13M in 2022. In general, imports showed a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 72%. As a result, imports reached the peak of $14M, and then contracted in the following year.
| Import of Lighting Set for Christmas Trees in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 5.1 | 5.9 | 7.5 | 6.7 | 9.5% |
| Others | 0.1 | 2.4 | 6.7 | 6.6 | 304.1% |
| Total | 5.2 | 8.3 | 14.2 | 13.3 | 36.8% |
Top Suppliers of Lighting Set for Christmas Trees to South Korea in 2022:
- China (2.5M units)
Exports of Lighting Set for Christmas Trees in South Korea
In 2022, after two years of decline, there was significant growth in overseas shipments of lighting sets for christmas trees, when their volume increased by 570% to 58K units. Overall, exports saw a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, lighting set for christmas trees exports soared to $250K in 2022. Over the period under review, exports continue to indicate resilient growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Lighting Set for Christmas Trees in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 31.2 | 20.4 | 11.9 | 13.6 | -24.2% |
| Kuwait | 14.4 | 13.6 | 4.0 | 8.7 | -15.5% |
| Japan | 29.9 | 1.2 | 5.7 | 6.4 | -40.2% |
| Panama | 6.7 | 4.6 | 2.8 | 3.3 | -21.0% |
| Egypt | 3.0 | 3.0 | 1.7 | 1.9 | -14.1% |
| Thailand | 8.1 | 2.0 | 0.4 | 1.7 | -40.6% |
| Pakistan | 0.4 | 0.5 | 1.2 | 1.3 | 48.1% |
| Singapore | 3.7 | 1.2 | 0.7 | 0.8 | -40.0% |
| Austria | 0.6 | 0.4 | 0.3 | 0.3 | -20.6% |
| Ethiopia | 0.1 | 0.1 | 0.1 | 0.1 | 0.0% |
| Samoa | 1.0 | N/A | N/A | N/A | 0% |
| Others | 47.1 | 24.6 | 7.3 | 212 | 65.1% |
| Total | 146 | 71.7 | 36.1 | 250 | 19.6% |
Top Export Markets for Lighting Set for Christmas Trees from South Korea in 2022:
- Kuwait (1.2K units)
- Russia (0.9K units)
- Pakistan (0.5K units)
- Panama (0.5K units)
- Japan (0.5K units)
- Egypt (0.4K units)
- Thailand (0.4K units)
- Singapore (0.3K units)
- Ethiopia (0.1K units)
- Austria (0.1K units)
This report provides an in-depth analysis of the market for lighting set for christmas trees 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 27403200 - Lighting sets for Christmas trees
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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