Republic of Korea - Civil Spacecraft, Satellites And Launch Vehicles - Market Analysis, Forecast, Size, Trends And Insights
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View PricingSpacecraft Price in South Korea - 2022
Contents:
- Spacecraft Price in South Korea (FOB) - 2022
- Spacecraft Price in South Korea (CIF) - 2022
- Spacecraft Exports in South Korea
- Spacecraft Imports in South Korea
Spacecraft Price in South Korea (FOB) - 2022
The average spacecraft export price stood at $12,049 per unit in 2022, with an increase of 93% against the previous year. Over the period under review, the export price showed strong growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Singapore ($12,060 per unit), while the average price for exports to India ($12,049 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 the United States (+7.3%), while the prices for the other major destinations experienced more modest paces of growth.
Spacecraft Price in South Korea (CIF) - 2022
In 2022, the average spacecraft import price amounted to $1,127 per unit, increasing by 105% against the previous year. In general, the import price, however, recorded a significant decrease. Over the period under review, average import prices attained the maximum at $43,570 per unit in 2016; however, from 2017 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($3,929 per unit), while the price for Spain ($1 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+36.4%).
Spacecraft Exports in South Korea
Spacecraft exports from South Korea skyrocketed to 12K units in 2022, growing by 111% on 2021 figures. Over the period under review, exports, however, saw a abrupt setback. Over the period under review, the exports attained the maximum at 17K units in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.
In value terms, spacecraft exports skyrocketed to $145M in 2022. In general, exports, however, showed a relatively flat trend pattern. The exports peaked at $146M in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.
| Export of Spacecraft in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| United States | 27.0 | 7.9 | 75.4 | 67.1% | |
| India | N/A | N/A | 63.4 | 0% | |
| Singapore | 0.4 | 0.2 | 5.9 | 284.1% | |
| Russia | 28.4 | 5.4 | N/A | -81.0% | |
| France | 89.6 | 22.0 | N/A | -75.4% | |
| Others | 0.1 | 0.1 | N/A | 0.0% | |
| Total | 146 | 35.5 | 145 | -0.3% | |
Top Export Markets for Spacecraft from South Korea in 2022:
- United States (6.3K units)
- India (5.3K units)
- Singapore (0.5K units)
Spacecraft Imports in South Korea
In 2022, approx. 4 units of civil spacecraft, satellites and launch vehicles were imported into South Korea; standing approx. at 2021. Over the period under review, imports continue to indicate a significant contraction. The most prominent rate of growth was recorded in 2021 with an increase of 100% against the previous year. Imports peaked at 87 units in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, spacecraft imports skyrocketed to $4.5K in 2022. Overall, imports showed a dramatic descent. Over the period under review, imports reached the maximum at $1.3M in 2019; however, from 2020 to 2022, imports remained at a lower figure.
| Import of Spacecraft in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 567 | 0.1 | 2.2 | 3.9 | -81.0% |
| United States | 733 | 6.7 | N/A | 0.6 | -90.6% |
| Spain | N/A | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 1,300 | 6.8 | 2.2 | 4.5 | -84.9% |
Top Suppliers of Spacecraft to South Korea in 2022:
- United States (1.0 units)
- France (1.0 units)
- Spain (1.0 units)
This report provides an in-depth analysis of the spacecraft 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 30304000 - Spacecraft, satellites and launch vehicles, for civil use
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
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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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