Report Republic of Korea - Special-Purpose Electric Lamps and Lighting Fittings - Market Analysis, Forecast, Size, Trends and Insights for 499$
Latest Report Update: Sep 4, 2022

Republic of Korea - Special-Purpose Electric Lamps and Lighting Fittings - Market Analysis, Forecast, Size, Trends and Insights
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Republic of Korea: Market for Special-Purpose Electric Lamps and Lighting Fittings 2022

Market Size for Special-Purpose Electric Lamps and Lighting Fittings in Republic of Korea

The South Korean market for special-purpose electric lamps and lighting fittings rose remarkably to $X in 2021, surging by X% against the previous year. Over the period under review, consumption showed a buoyant expansion. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Production of Special-Purpose Electric Lamps and Lighting Fittings in Republic of Korea

In value terms, production of special-purpose electric lamps and lighting fittings soared to $X in 2021 estimated in export price. Overall, production recorded a measured increase. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Production of peaked at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Exports of Special-Purpose Electric Lamps and Lighting Fittings

Exports from Republic of Korea

In 2021, overseas shipments of special-purpose electric lamps and lighting fittings were finally on the rise to reach X units after two years of decline. Overall, exports, however, showed a abrupt contraction. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, the exports reached the peak of X units. From 2015 to 2021, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of special-purpose electric lamps and lighting fittings rose sharply to $X in 2021. Over the period under review, exports, however, showed a deep setback. Over the period under review, the exports of hit record highs at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

The United States (X units), the United Arab Emirates (X units) and Iraq (X units) were the main destinations of exports of special-purpose electric lamps and lighting fittings from South Korea, with a combined X% share of total exports. These countries were followed by Japan, Russia, Australia, Vietnam, China, Kuwait, Turkey and Algeria, which together accounted for a further X 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Russia (with a CAGR of +X%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), China ($X) and Japan ($X) appeared to be the largest markets for special-purpose electric lamp and lighting fitting exported from South Korea worldwide, together comprising X% of total exports. Vietnam, Russia, Australia, the United Arab Emirates, Iraq, Turkey, Kuwait and Algeria lagged somewhat behind, together accounting for a further X the main countries of destination, Algeria, with a CAGR of +X%, saw 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

The average export price for special-purpose electric lamps and lighting fittings stood at $X per unit in 2021, increasing by X% against the previous year. Over the period under review, the export price, however, recorded a abrupt decrease. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was China ($X per unit), while the average price for exports to Algeria ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Algeria (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Special-Purpose Electric Lamps and Lighting Fittings

Imports into Republic of Korea

In 2021, after four years of growth, there was significant decline in supplies from abroad of special-purpose electric lamps and lighting fittings, when their volume decreased by -X% to X units. In general, imports, however, posted prominent growth. The pace of growth appeared the most rapid in 2017 with an increase of X%. Imports peaked at X units in 2020, and then dropped in the following year.

In value terms, imports of special-purpose electric lamps and lighting fittings dropped to $X in 2021. Overall, imports, however, enjoyed strong growth. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Imports peaked at $X in 2020, and then dropped in the following year.

Imports by Country

In 2021, China (X units) constituted the largest supplier of special-purpose electric lamp and lighting fitting to South Korea, with a X% share of total imports. Moreover, imports of special-purpose electric lamps and lighting fittings from China exceeded the figures recorded by the second-largest supplier, the United States (X units), more than tenfold. The third position in this ranking was taken by the UK (X units), with a X% share.

From 2012 to 2021, the average annual growth rate 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 the UK (+X% per year).

In value terms, China ($X) constituted the largest supplier of special-purpose electric lamp and lighting fitting to South Korea, comprising X% of total imports. The second position in the ranking was held by the UK ($X), with a X% share of total imports. It was followed by Germany, with an X% share.

From 2012 to 2021, 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: the UK (+X% per year) and Germany (+X% per year).

Import Prices by Country

The average import price for special-purpose electric lamps and lighting fittings stood at $X per unit in 2021, therefore, remained relatively stable against the previous year. Overall, the import price continues to indicate a noticeable curtailment. The most prominent rate of growth was recorded in 2015 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the peak figure at $X per unit in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Germany ($X per unit), while the price for Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Base Year Historical Period Forecast Period Units
2021 2007-2021 2022-2030 US$, Tons

Frequently Asked Questions (FAQ) :

What are the largest markets for special-purpose electric lamps and lighting fittings in the world?
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China remains the largest special-purpose electric lamp and lighting fitting consuming country worldwide, comprising approx. 24% of total volume. Moreover, consumption of special-purpose electric lamps and lighting fittings in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. The third position in this ranking was held by Japan, with a 6.9% share.
What are the largest producers of special-purpose electric lamps and lighting fittings in the world?
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China remains the largest special-purpose electric lamp and lighting fitting producing country worldwide, accounting for 72% of total volume. Moreover, production of special-purpose electric lamps and lighting fittings in China exceeded the figures recorded by the second-largest producer, Japan, more than tenfold. The third position in this ranking was held by the United States, with a 3.8% share.
What are the leading suppliers of special-purpose electric lamps and lighting fittings to Republic of Korea?
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In value terms, China constituted the largest supplier of special-purpose electric lamp and lighting fitting to South Korea, comprising 53% of total imports. The second position in the ranking was taken by the UK, with a 10% share of total imports. It was followed by Germany, with an 8.2% share.
What are the leading importers of special-purpose electric lamps and lighting fittings from Republic of Korea?
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In value terms, the largest markets for special-purpose electric lamp and lighting fitting exported from South Korea were the United States, China and Japan, together accounting for 37% of total exports. These countries were followed by Vietnam, Russia, Australia, the United Arab Emirates, Iraq, Turkey, Kuwait and Algeria, which together accounted for a further 32%.
What is the average export price for special-purpose electric lamps and lighting fittings in Republic of Korea?
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In 2021, the average export price for special-purpose electric lamps and lighting fittings amounted to $31 per unit, surging by 8.9% against the previous year.
What is the average import price for special-purpose electric lamps and lighting fittings in Republic of Korea?
+
In 2021, the average import price for special-purpose electric lamps and lighting fittings amounted to $16 per unit, approximately equating the previous year.

This report provides an in-depth analysis of the market for special-purpose electric lamp and lighting fitting 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 27403930 - Electric lamps and lighting fittings, of plastic and other materials, of a kind used for filament lamps and tubular fluorescent lamps
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:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. 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

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2012–2021
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2012–2021
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2021
Table 2:
Market Volume, In Physical Terms, 2012–2021
Table 3:
Market Value, 2012–2021
Table 4:
Per Capita Consumption In 2012–2021
Table 5:
Imports, In Physical Terms, By Country, 2012–2021
Table 6:
Imports, In Value Terms, By Country, 2012–2021
Table 7:
Import Prices, By Country Of Origin, 2012–2021
Table 8:
Exports, In Physical Terms, By Country, 2012–2021
Table 9:
Exports, In Value Terms, By Country, 2012–2021
Table 10:
Export Prices, By Country Of Destination, 2012–2021
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2021
Figure 2:
Market Value, 2012–2021
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012–2021
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012–2021
Figure 5:
Trade Balance, In Physical Terms, 2012–2021
Figure 6:
Trade Balance, In Value Terms, 2012–2021
Figure 7:
Per Capita Consumption, 2012–2021
Figure 8:
Market Forecast To 2030
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2012–2021
Figure 21:
Production, In Value Terms, 2012–2021
Figure 22:
Imports, In Physical Terms, 2012–2021
Figure 23:
Imports, In Value Terms, 2012–2021
Figure 24:
Imports, In Physical Terms, By Country, 2021
Figure 25:
Imports, In Physical Terms, By Country, 2012–2021
Figure 26:
Imports, In Value Terms, By Country, 2012–2021
Figure 27:
Import Prices, By Country Of Origin, 2012–2021
Figure 28:
Exports, In Physical Terms, 2012–2021
Figure 29:
Exports, In Value Terms, 2012–2021
Figure 30:
Exports, In Physical Terms, By Country, 2021
Figure 31:
Exports, In Physical Terms, By Country, 2012–2021
Figure 32:
Exports, In Value Terms, By Country, 2012–2021
Figure 33:
Export Prices, By Country Of Destination, 2012–2021
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