Report Republic of Korea - Sealed Beam Lamp Units - Market Analysis, Forecast, Size, Trends and Insights for 499$
Latest Report Update: Aug 15, 2022

Republic of Korea - Sealed Beam Lamp Units - Market Analysis, Forecast, Size, Trends and Insights
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Republic of Korea: Sealed Beam Market 2022

Sealed Beam Market Size in Republic of Korea

The South Korean sealed beam market reduced to $X in 2021, with a decrease of -X% against the previous year. In general, consumption saw a abrupt slump. Sealed beam consumption peaked at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Sealed Beam Production in Republic of Korea

In value terms, sealed beam production shrank significantly to $X in 2021 estimated in export price. Overall, production showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 when the production volume increased by X%. Over the period under review, production reached the maximum level at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Sealed Beam Exports

Exports from Republic of Korea

In 2021, shipments abroad of sealed beam lamp units decreased by -X% to X units for the first time since 2018, thus ending a two-year rising trend. Over the period under review, exports, however, showed a prominent increase. The most prominent rate of growth was recorded in 2015 with an increase of X%. Over the period under review, the exports attained the maximum at X units in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, sealed beam exports reduced sharply to $X in 2021. Overall, exports, however, enjoyed a buoyant increase. The growth pace was the most rapid in 2015 when exports increased by X%. The exports peaked at $X in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

Exports by Country

The Philippines (X units), the United States (X units) and the United Arab Emirates (X units) were the main destinations of sealed beam exports from South Korea, with a combined X% share of total exports.

From 2012 to 2021, the biggest increases were in the Philippines (with a CAGR of +X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for sealed beam exports from South Korea, comprising X% of total exports. The second position in the ranking was held by the Philippines ($X), with an X% share of total exports. It was followed by the United Arab Emirates, with an X% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Philippines (+X% per year) and the United Arab Emirates (+X% per year).

Export Prices by Country

In 2021, the average sealed beam export price amounted to $X per unit, almost unchanged from the previous year. Overall, the export price, however, continues to indicate a pronounced contraction. The most prominent rate of growth was recorded in 2013 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2014 to 2021, the the average export prices remained at a lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was the United States ($X per unit), while the average price for exports to the Philippines ($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 Japan (-X%), while the prices for the other major destinations experienced a decline.

Sealed Beam Imports

Imports into Republic of Korea

In 2021, purchases abroad of sealed beam lamp units was finally on the rise to reach X units after two years of decline. Overall, imports enjoyed a strong increase. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. As a result, imports attained the peak of X units. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, sealed beam imports soared to $X in 2021. In general, imports continue to indicate a resilient increase. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, China (X units) constituted the largest supplier of sealed beam to South Korea, accounting for a X% share of total imports. Moreover, sealed beam imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), twofold. The UK (X units) ranked third in terms of total imports with an X% share.

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

In value terms, the largest sealed beam suppliers to South Korea were the UK ($X), China ($X) and the United States ($X), together accounting for X% of total imports.

The UK, with a CAGR of +X%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average sealed beam import price stood at $X per unit in 2021, with a decrease of -X% against the previous year. Overall, the import price, however, recorded a mild expansion. The growth pace was the most rapid in 2014 an increase of X%. The import price peaked at $X per unit in 2017; however, from 2018 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was the UK ($X per unit), while the price for Hungary ($X per unit) was amongst the lowest.

From 2012 to 2021, 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

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

Frequently Asked Questions (FAQ) :

What are the largest markets for sealed beam lamp units in the world?
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The countries with the highest volumes of in 2021 were the United States, China and India, with a combined 35% share of global consumption. These countries were followed by Mexico, Japan, Spain, Indonesia, Russia, Germany, Portugal, Turkey, France and South Korea, which together accounted for a further 34%.
What are the largest producers of sealed beam lamp units in the world?
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The country with the largest volume of sealed beam production was China, accounting for 34% of total volume. Moreover, sealed beam production in China exceeded the figures recorded by the second-largest producer, the United States, threefold. India ranked third in terms of total production with a 10% share.
What are the leading suppliers of sealed beam lamp units to Republic of Korea?
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In value terms, the largest sealed beam suppliers to South Korea were the UK, China and the United States, with a combined 84% share of total imports.
What are the leading importers of sealed beam lamp units from Republic of Korea?
+
In value terms, the United States remains the key foreign market for sealed beam exports from South Korea, comprising 76% of total exports. The second position in the ranking was taken by the Philippines, with an 11% share of total exports. It was followed by the United Arab Emirates, with an 8.1% share.
What is the average export price for sealed beam lamp units in Republic of Korea?
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The average sealed beam export price stood at $5.6 per unit in 2021, flattening at the previous year.
What is the average import price for sealed beam lamp units in Republic of Korea?
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In 2021, the average sealed beam import price amounted to $4 per unit, with a decrease of -13.4% against the previous year.

This report provides an in-depth analysis of the sealed beam market 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 27401100 - Sealed beam lamp units
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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