Republic of Korea - Radio Remote Control Apparatus - Market Analysis, Forecast, Size, Trends And Insights
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View PricingRemote Control Apparatus Price in South Korea - 2022
Contents:
- Remote Control Apparatus Price in South Korea (FOB) - 2022
- Remote Control Apparatus Price in South Korea (CIF) - 2022
- Remote Control Apparatus Exports in South Korea
- Remote Control Apparatus Imports in South Korea
Remote Control Apparatus Price in South Korea (FOB) - 2022
In December 2022, the average remote control apparatus export price amounted to $5.8 per unit, therefore, remained relatively stable against the previous month. In general, the export price recorded a pronounced slump. The most prominent rate of growth was recorded in August 2022 an increase of 14% month-to-month. Over the period under review, the average export prices hit record highs at $12.1 per unit in February 2022; however, from March 2022 to December 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In December 2022, the country with the highest price was the United States ($13.5 per unit), while the average price for exports to Poland ($3.8 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 Vietnam (+4.6%), while the prices for the other major destinations experienced more modest paces of growth.
Remote Control Apparatus Price in South Korea (CIF) - 2022
In December 2022, the average remote control apparatus import price amounted to $9.7 per unit, growing by 8.5% against the previous month. Overall, the import price recorded a mild expansion. The pace of growth appeared the most rapid in June 2022 when the average import price increased by 32% m-o-m. The import price peaked at $11.3 per unit in October 2022; however, from November 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 Germany ($46.5 per unit), while the price for France ($4.7 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 the UK (+16.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Remote Control Apparatus Exports in South Korea
In 2022, approx. 6.2M units of radio remote control apparatus were exported from South Korea; shrinking by -6.9% compared with the previous year's figure. Overall, exports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by 16% against the previous year. As a result, the exports reached the peak of 6.6M units, and then reduced in the following year.
In value terms, remote control apparatus exports contracted slightly to $72M in 2022. The total export value increased at an average annual rate of +1.1% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2021 when exports increased by 11% against the previous year. As a result, the exports reached the peak of $76M, and then declined in the following year.
| Export of Remote Control Apparatus in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 17.1 | 22.8 | 20.3 | 23.4 | 11.0% |
| China | 10.6 | 7.4 | 6.0 | 7.1 | -12.5% |
| Slovakia | 2.6 | 2.0 | 1.3 | 5.1 | 25.2% |
| Poland | 6.3 | 4.0 | 5.8 | 5.0 | -7.4% |
| Czech Republic | 1.7 | 2.7 | 4.0 | 3.8 | 30.8% |
| India | 3.7 | 3.4 | 2.3 | 2.5 | -12.3% |
| Japan | 2.2 | 1.6 | 2.3 | 2.2 | 0.0% |
| Germany | 0.4 | 0.4 | 0.8 | 1.7 | 62.0% |
| Vietnam | 0.9 | 0.7 | 1.6 | 1.6 | 21.1% |
| Mexico | 2.1 | 2.4 | 3.1 | 0.5 | -38.0% |
| Hong Kong SAR | 2.0 | 2.5 | 2.5 | 0.3 | -46.9% |
| France | 0.7 | 0.9 | 1.1 | 0.2 | -34.1% |
| Turkey | 0.1 | 0.1 | N/A | 0.1 | 0.0% |
| Others | 19.2 | 17.6 | 24.2 | 18.8 | -0.7% |
| Total | 69.6 | 68.3 | 75.6 | 71.9 | 1.1% |
Top Export Markets for Remote Control Apparatus from South Korea in 2022:
- United States (1591.2K units)
- Poland (573.5K units)
- China (430.0K units)
- Germany (347.6K units)
- Vietnam (304.7K units)
- Slovakia (215.4K units)
- India (166.8K units)
- Japan (130.4K units)
- Czech Republic (127.8K units)
- Turkey (75.5K units)
- Mexico (36.2K units)
- Hong Kong SAR (18.1K units)
- France (16.9K units)
Remote Control Apparatus Imports in South Korea
In 2022, supplies from abroad of radio remote control apparatus increased by 2.7% to 9.4M units for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, continue to indicate a perceptible setback. Imports peaked at 10M units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, remote control apparatus imports dropped slightly to $75M in 2022. In general, imports, however, saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 2.5%. Over the period under review, imports attained the maximum at $94M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
| Import of Remote Control Apparatus in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 23.0 | 30.4 | 20.6 | 23.8 | 1.1% |
| Germany | 3.2 | 2.6 | 2.9 | 7.9 | 35.2% |
| Vietnam | 1.1 | 4.0 | 5.9 | 6.5 | 80.8% |
| United States | 45.4 | 26.5 | 22.9 | 6.2 | -48.5% |
| France | 2.1 | 2.9 | 2.0 | 4.2 | 26.0% |
| Taiwan (Chinese) | 1.5 | 1.9 | 1.7 | 1.9 | 8.2% |
| United Kingdom | 1.6 | 1.4 | 1.2 | 1.4 | -4.4% |
| Others | 15.8 | 4.0 | 18.2 | 22.6 | 12.7% |
| Total | 93.7 | 73.6 | 75.5 | 74.5 | -7.4% |
Top Suppliers of Remote Control Apparatus to South Korea in 2022:
- China (5.7M units)
- United Kingdom (0.9M units)
- Vietnam (0.7M units)
- United States (0.4M units)
- Taiwan (Chinese) (0.2M units)
- France (0.2M units)
- Germany (0.2M units)
This report provides an in-depth analysis of the remote control apparatus 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 26512080 - Radio remote control apparatus (including for ships, pilotless aircraft, rockets, missiles, toys, and model ships or aircraft, for machines, for the detonation of mines)
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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