Report Update: Apr 1, 2024

Republic of Korea - Telephones And Videophones - Market Analysis, Forecast, Size, Trends and Insights

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Telephone Price in South Korea - 2022

Telephone Price in South Korea (CIF) - 2022

In December 2022, the average telephone import price amounted to $31.1 per unit, waning by -25.8% against the previous month. In general, the import price recorded a drastic downturn. The pace of growth was the most pronounced in February 2022 when the average import price increased by 51% against the previous month. The import price peaked at $72.0 per unit in December 2021; however, from January 2022 to December 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Indonesia ($95.6 per unit), while the price for China ($22.3 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 Thailand (+0.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Telephone Price in South Korea (FOB) - 2022

In December 2022, the average telephone export price amounted to $154 per unit, therefore, remained relatively stable against the previous month. Over the period under review, export price indicated a resilient increase from December 2021 to December 2022: its price increased at an average monthly rate of +14.6% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2022 figures, telephone export price increased by +5.4% against May 2022 indices. The growth pace was the most rapid in January 2022 when the average export price increased by 394% m-o-m. Over the period under review, the average export prices hit record highs in December 2022.

Average prices varied noticeably for the major overseas markets. In December 2022, the highest price was recorded for prices to Vietnam ($154 per unit) and Kyrgyzstan ($154 per unit), while the average price for exports to the United Arab Emirates ($154 per unit) and Hong Kong SAR ($154 per unit) were 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 (+7.9%), while the prices for the other major destinations experienced more modest paces of growth.

Telephone Imports in South Korea

In 2022, imports of telephones and videophones into South Korea reduced to 420K units, with a decrease of -14.9% on the year before. Overall, imports saw a abrupt downturn. The pace of growth was the most pronounced in 2021 when imports increased by 4.2% against the previous year. Over the period under review, imports hit record highs at 588K units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, telephone imports declined to $33M in 2022. In general, imports recorded a abrupt descent. The growth pace was the most rapid in 2021 when imports increased by 1.7% against the previous year. Over the period under review, imports hit record highs at $41M in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Import of Telephone in South Korea (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	25.0	23.5	22.0	17.6	-11.0%
Thailand	5.3	4.6	6.6	6.9	9.2%
Indonesia	7.3	5.2	5.3	6.8	-2.3%
Vietnam	1.6	1.6	N/A	N/A	0.0%
Others	1.5	1.3	2.9	1.2	-7.2%
Total	40.6	36.1	36.7	32.6	-7.1%

Top Suppliers of Telephone to South Korea in 2022:

China (260.3K units)
Thailand (72.6K units)
Indonesia (71.6K units)
Vietnam (0.1K units)

Telephone Exports in South Korea

In 2022, the amount of telephones and videophones exported from South Korea soared to 1M units, growing by 1,870% against 2021 figures. In general, exports posted a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, telephone exports surged to $155M in 2022. Over the period under review, exports continue to indicate significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Export of Telephone in South Korea (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Hong Kong SAR	0.1	0.2	0.3	107	922.8%
United Arab Emirates	0.2	0.4	0.2	20.0	364.2%
Portugal	N/A	N/A	N/A	9.3	0%
Vietnam	0.4	0.4	0.1	6.4	152.0%
Kyrgyzstan	N/A	N/A	N/A	4.5	0%
Indonesia	0.6	0.3	0.7	0.5	-5.9%
United States	2.8	0.2	0.3	0.5	-43.7%
Others	2.5	2.8	2.1	6.6	38.2%
Total	6.7	4.2	3.8	155	184.9%

Top Export Markets for Telephone from South Korea in 2022:

Hong Kong SAR (699.1K units)
United Arab Emirates (132.2K units)
Portugal (60.6K units)
Vietnam (41.6K units)
Kyrgyzstan (29.5K units)
Indonesia (12.3K units)
United States (4.5K units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the telephone 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 26302100 - Line telephone sets with cordless handsets
Prodcom 26302330 - Telephone sets (excluding line telephone sets with cordless handsets and telephones for cellular networks or for other wireless networks), videophones

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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023