Republic of Korea: Telephone Apparatus Market 2024

Telephone Apparatus Market Size in Republic of Korea

In 2022, the South Korean telephone apparatus market increased by X% to $X, rising for the second consecutive year after two years of decline. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. Over the period under review, the market attained the peak level at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Telephone Apparatus Production in Republic of Korea

In value terms, telephone apparatus production fell to $X in 2022 estimated in export price. Over the period under review, production recorded a abrupt decline. The most prominent rate of growth was recorded in 2021 when the production volume increased by X% against the previous year. Telephone apparatus production peaked at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Telephone Apparatus Exports

Exports from Republic of Korea

In 2022, the amount of telephone apparatus exported from South Korea contracted notably to X units, which is down by X% on the year before. Over the period under review, exports faced a deep slump. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. The exports peaked at X units in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, telephone apparatus exports shrank to $X in 2022. Overall, exports continue to indicate a deep setback. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X units), Germany (X units) and the UK (X units) were the main destinations of telephone apparatus exports from South Korea, together comprising X% of total exports. Austria, India, Hong Kong SAR, Canada, the Netherlands, France, Sweden, Italy, Japan and the United Arab Emirates lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Austria (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Germany ($X) and the UK ($X) were the largest markets for telephone apparatus exported from South Korea worldwide, together accounting for X% of total exports. Austria, India, Canada, Japan, the Netherlands, Hong Kong SAR, France, Sweden, Italy and the United Arab Emirates lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, Austria, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average telephone apparatus export price amounted to $X per unit, with an increase of X% against the previous year. Over the period under review, export price indicated a prominent expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, telephone apparatus export price increased by X% against 2015 indices. The most prominent rate of growth was recorded in 2018 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($X per unit), while the average price for exports to Hong Kong SAR ($X 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 (X%), while the prices for the other major destinations experienced more modest paces of growth.

Telephone Apparatus Imports

Imports into Republic of Korea

For the fourth year in a row, South Korea recorded growth in supplies from abroad of telephone apparatus, which increased by X% to X units in 2022. In general, imports posted a buoyant increase. The growth pace was the most rapid in 2017 with an increase of X%. Over the period under review, imports reached the peak figure in 2022 and are likely to see gradual growth in years to come.

In value terms, telephone apparatus imports declined slightly to $X in 2022. Over the period under review, imports showed resilient growth. The pace of growth was the most pronounced in 2017 with an increase of X%. Over the period under review, imports reached the peak figure at $X in 2021, and then dropped in the following year.

Imports by Country

In 2022, China (X units) constituted the largest supplier of telephone apparatus to South Korea, with a X% share of total imports. Moreover, telephone apparatus imports from China exceeded the figures recorded by the second-largest supplier, Vietnam (X units), threefold.

From 2012 to 2022, the average annual growth rate of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (X% per year) and the United States (X% per year).

In value terms, the largest telephone apparatus suppliers to South Korea were China ($X), Vietnam ($X) and the United States ($X), with a combined X% share of total imports.

Vietnam, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average telephone apparatus import price stood at $X per unit in 2022, shrinking by X% against the previous year. Over the period under review, the import price recorded a slight curtailment. The most prominent rate of growth was recorded in 2014 an increase of X%. As a result, import price reached the peak level of $X per unit. From 2015 to 2022, the average import prices remained at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Vietnam ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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