Rangefinders Price in South Korea - 2022

Contents:

1. Rangefinders Price in South Korea (CIF) - 2022
2. Rangefinders Price in South Korea (FOB) - 2022
3. Rangefinders Imports in South Korea
4. Rangefinders Exports in South Korea

Rangefinders Price in South Korea (CIF) - 2022

The average rangefinders import price stood at $118 per unit in December 2022, with an increase of 120% against the previous month. Over the period under review, the import price continues to indicate noticeable growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In December 2022, the country with the highest price was the United States ($707 per unit), while the price for Hungary ($44.3 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 Malaysia (+34.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Rangefinders Price in South Korea (FOB) - 2022

The average rangefinders export price stood at $71 per unit in 2022, waning by -20.7% against the previous year. Over the period under review, export price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, rangefinders export price increased by +43.0% against 2019 indices. The most prominent rate of growth was recorded in 2021 an increase of 40% against the previous year. As a result, the export price reached the peak level of $89 per unit, and then contracted dramatically in the following year.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($354 per unit), while the average price for exports to Angola ($0.6 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 Japan (+26.0%), while the prices for the other major destinations experienced more modest paces of growth.

Rangefinders Imports in South Korea

In 2022, approx. 813K units of rangefinderses were imported into South Korea; which is down by -12% on the previous year's figure. Over the period under review, total imports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +8.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +35.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 54% against the previous year. As a result, imports reached the peak of 924K units, and then dropped in the following year.

In value terms, rangefinders imports reduced to $58M in 2022. In general, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +9.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +32.0% against 2019 indices. The growth pace was the most rapid in 2021 when imports increased by 32% against the previous year. As a result, imports attained the peak of $66M, and then declined in the following year.

Top Suppliers of Rangefinders to South Korea in 2022:

1. China (579.3K units)
2. Malaysia (135.3K units)
3. Hong Kong SAR (26.0K units)
4. Hungary (15.8K units)
5. Thailand (13.7K units)
6. United States (9.7K units)

Rangefinders Exports in South Korea

In 2022, overseas shipments of rangefinderses were finally on the rise to reach 71K units after two years of decline. In general, exports, however, continue to indicate a abrupt slump. The exports peaked at 89K units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, rangefinders exports fell modestly to $5M in 2022. The total export value increased at an average annual rate of +4.6% from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 when exports increased by 14%. Over the period under review, the exports hit record highs at $5M in 2021, and then dropped modestly in the following year.

Top Export Markets for Rangefinders from South Korea in 2022:

1. United States (35.0K units)
2. Vietnam (6.0K units)
3. Japan (3.3K units)
4. Nigeria (3.1K units)
5. Canada (2.9K units)
6. Australia (2.4K units)
7. Singapore (2.3K units)
8. Netherlands (2.2K units)
9. Hong Kong SAR (1.5K units)
10. Angola (1.3K units)
11. Taiwan (Chinese) (1.2K units)
12. United Kingdom (1.1K units)
13. Malaysia (1.1K units)

Source: IndexBox Market Intelligence Platform