Republic of Korea: Amplifier Market 2024

Amplifier Market Size in Republic of Korea

The South Korean amplifier market skyrocketed to $X in 2023, jumping by X% against the previous year. Over the period under review, consumption, however, saw a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2018 to 2023, the growth of the market remained at a somewhat lower figure.

Amplifier Production in Republic of Korea

In value terms, amplifier production skyrocketed to $X in 2023 estimated in export price. Over the period under review, production, however, saw a deep slump. Over the period under review, production reached the maximum level at $X in 2013; however, from 2014 to 2023, production stood at a somewhat lower figure.

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Amplifier Exports

Exports from Republic of Korea

In 2023, after five years of growth, there was decline in overseas shipments of amplifiers, when their volume decreased by X% to X units. Overall, exports saw a abrupt descent. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, the exports hit record highs at X units in 2013; however, from 2014 to 2023, the exports remained at a lower figure.

In value terms, amplifier exports totaled $X in 2023. In general, exports continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2023, the exports remained at a lower figure.

Exports by Country

The United States (X units), the Czech Republic (X units) and Vietnam (X units) were the main destinations of amplifier exports from South Korea, together accounting for X% of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Czech Republic (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for amplifiers exports from South Korea, comprising X% of total exports. The second position in the ranking was taken by Vietnam ($X), with a X% share of total exports. It was followed by the Czech Republic, with a X% share.

From 2012 to 2023, the average annual growth rate of value to the United States amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (X% per year) and the Czech Republic (X% per year).

Export Prices by Country

The average amplifier export price stood at $X per unit in 2023, picking up by X% against the previous year. In general, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 an increase of X%. The export price peaked at $X per unit in 2017; however, from 2018 to 2023, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($X per unit), while the average price for exports to Mexico ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (X%), while the prices for the other major destinations experienced more modest paces of growth.

Amplifier Imports

Imports into Republic of Korea

Amplifier imports into South Korea reduced modestly to X units in 2023, almost unchanged from 2022 figures. Over the period under review, imports, however, posted a resilient increase. The growth pace was the most rapid in 2014 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X units in 2018; however, from 2019 to 2023, imports stood at a somewhat lower figure.

In value terms, amplifier imports declined to $X in 2023. In general, total imports indicated buoyant growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2019 indices. The growth pace was the most rapid in 2017 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2018 to 2023, the growth of imports failed to regain momentum.

Imports by Country

In 2023, China (X units) constituted the largest supplier of amplifier to South Korea, accounting for a X% share of total imports. Moreover, amplifier imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), tenfold.

From 2012 to 2023, the average annual rate of growth in terms of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Mexico (X% per year).

In value terms, China ($X) constituted the largest supplier of amplifiers to South Korea, comprising X% of total imports. The second position in the ranking was held by Mexico ($X), with an X% share of total imports.

From 2012 to 2023, the average annual rate of growth in terms of value from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (X% per year) and the United States (X% per year).

Import Prices by Country

The average amplifier import price stood at $X per unit in 2023, shrinking by X% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of X%. As a result, import price reached the peak level of $X per unit. From 2014 to 2023, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Mexico ($X per unit), while the price for the United States ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform