Republic of Korea: Respiration Apparatus Market 2024

Respiration Apparatus Market Size in Republic of Korea

The South Korean respiration apparatus market surged to $X in 2022, picking up by X% against the previous year. Over the period under review, the total consumption indicated a perceptible expansion from 2012 to 2022: its value 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, consumption increased by X% against 2015 indices. Respiration apparatus consumption peaked in 2022 and is likely to continue growth in the immediate term.

Respiration Apparatus Production in Republic of Korea

In value terms, respiration apparatus production expanded notably to $X in 2022 estimated in export price. Overall, the total production indicated a tangible expansion from 2012 to 2022: its value 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, production decreased by X% against 2020 indices. The growth pace was the most rapid in 2020 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

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Respiration Apparatus Exports

Exports from Republic of Korea

In 2022, after three years of growth, there was significant decline in shipments abroad of ozone therapy, oxygen therapy, aerosol therapy, respiration apparatus, when their volume decreased by X% to X units. Over the period under review, exports, however, enjoyed a moderate increase. The pace of growth appeared the most rapid in 2020 with an increase of X%. The exports peaked at X units in 2021, and then contracted markedly in the following year.

In value terms, respiration apparatus exports contracted markedly to $X in 2022. Overall, exports, however, showed a buoyant increase. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2021 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Vietnam (X units), Poland (X units) and India (X units) were the main destinations of respiration apparatus exports from South Korea, together accounting for X% of total exports. Bangladesh, Indonesia, Ghana, Russia, Myanmar, Oman, the United States, Japan and Thailand lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Myanmar (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X) emerged as the key foreign market for ozone therapy, oxygen therapy, aerosol therapy, respiration apparatus exports from South Korea, comprising X% of total exports. The second position in the ranking was held by India ($X), with an X% share of total exports. It was followed by Russia, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Poland totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (X% per year) and Russia (X% per year).

Export Prices by Country

In 2022, the average respiration apparatus export price amounted to $X per unit, approximately reflecting the previous year. In general, the export price, however, enjoyed a buoyant increase. The pace of growth was the most pronounced in 2020 when the average export price increased by X%. As a result, the export price reached the peak level of $X per unit. From 2021 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per unit), while the average price for exports to Vietnam ($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 Myanmar (X%), while the prices for the other major destinations experienced more modest paces of growth.

Respiration Apparatus Imports

Imports into Republic of Korea

In 2022, the amount of ozone therapy, oxygen therapy, aerosol therapy, respiration apparatus imported into South Korea skyrocketed to X units, with an increase of X% on the year before. Overall, imports posted a buoyant increase. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, respiration apparatus imports reached $X in 2022. Over the period under review, imports continue to indicate resilient growth. The pace of growth appeared the most rapid in 2016 when imports increased by X%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

Imports by Country

China (X units), Mexico (X units) and Malaysia (X units) were the main suppliers of respiration apparatus imports to South Korea, with a combined X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Malaysia (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest respiration apparatus suppliers to South Korea were China ($X), New Zealand ($X) and Australia ($X), together accounting for X% of total imports. The United States, Germany, Mexico, Taiwan (Chinese) and Malaysia lagged somewhat behind, together accounting for a further X%.

Malaysia, with a CAGR of X%, recorded 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 more modest paces of growth.

Import Prices by Country

In 2022, the average respiration apparatus import price amounted to $X per unit, falling by X% against the previous year. In general, the import price showed a noticeable contraction. The growth pace was the most rapid in 2017 when the average import price increased by X% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Australia ($X per unit), while the price for Malaysia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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