Republic of Korea: Radio Receiver Market 2024

Radio Receiver Market Size in Republic of Korea

In 2022, the South Korean radio receiver market decreased by X% to $X, falling for the fourth year in a row after two years of growth. Overall, consumption showed a deep setback. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Radio Receiver Production in Republic of Korea

In value terms, radio receiver production declined to $X in 2022 estimated in export price. In general, production continues to indicate a mild decrease. The most prominent rate of growth was recorded in 2013 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

Radio Receiver Exports

Exports from Republic of Korea

Radio receiver exports from South Korea amounted to X units in 2022, picking up by X% compared with the year before. In general, exports showed slight growth. The most prominent rate of growth was recorded in 2019 when exports increased by X% against the previous year. The exports peaked at X units in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, radio receiver exports skyrocketed to $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in years to come.

Exports by Country

The United States (X units) was the main destination for radio receiver exports from South Korea, accounting for a X% share of total exports. It was followed by Uzbekistan (X units), with a X% share of total exports. The third position in this ranking was held by India (X units), with a X% share.

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

In value terms, the United States ($X) remains the key foreign market for radio receivers exports from South Korea, comprising X% of total exports. The second position in the ranking was held by Uzbekistan ($X), with a X% share of total exports. It was followed by India, with a X% share.

From 2012 to 2022, 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: Uzbekistan (X% per year) and India (X% per year).

Export Prices by Country

The average radio receiver export price stood at $X per unit in 2022, rising by X% against the previous year. In general, export price indicated a moderate increase 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. The most prominent rate of growth was recorded in 2018 when the average export price increased by X%. As a result, the export price attained the peak level of $X per unit. From 2019 to 2022, the average export prices remained at a lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Romania ($X per unit) and Uzbekistan ($X per unit), while the average price for exports to China ($X per unit) and India ($X per unit) were amongst the lowest.

From 2012 to 2022, 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.

Radio Receiver Imports

Imports into Republic of Korea

In 2022, supplies from abroad of radio receivers increased by X% to X units for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, saw a drastic downturn. Imports peaked at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, radio receiver imports soared to $X in 2022. Over the period under review, imports, however, showed a abrupt setback. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

China (X units), Spain (X units) and Malaysia (X units) were the main suppliers of radio receiver imports to South Korea, together accounting for X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of X%), while imports for the other leaders experienced a decline.

In value terms, China ($X), Spain ($X) and Malaysia ($X) were the largest radio receiver suppliers to South Korea, with a combined X% share of total imports.

In terms of the main suppliers, Spain, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average radio receiver import price stood at $X per unit in 2022, increasing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Spain ($X per unit) and Portugal ($X per unit), while the price for China ($X per unit) and Indonesia ($X per unit) were amongst the lowest.

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

Source: IndexBox Platform

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