Republic of Korea: Video Projector Market 2024

Video Projector Market Size in Republic of Korea

In 2022, the South Korean video projector market increased by X% to $X, rising for the sixth year in a row after two years of decline. Overall, consumption showed a buoyant increase. Over the period under review, the market attained the peak level in 2022 and is expected to retain growth in the near future.

Video Projector Exports

Exports from Republic of Korea

In 2022, approx. X units of video projectors were exported from South Korea; declining by X% compared with the previous year. In general, exports, however, recorded perceptible growth. The most prominent rate of growth was recorded in 2016 with an increase of X%. As a result, the exports attained the peak of X units. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, video projector exports contracted modestly to $X in 2022. Over the period under review, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United States (X units) was the main destination for video projector exports from South Korea, with a X% share of total exports. Moreover, video projector exports to the United States exceeded the volume sent to the second major destination, China (X units), more than tenfold. Taiwan (Chinese) (X units) ranked third in terms of total exports with a X% share.

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

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

From 2012 to 2022, the average annual growth rate of value to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (X% per year) and Japan (X% per year).

Export Prices by Country

The average video projector export price stood at $X per unit in 2022, with an increase of X% against the previous year. Over the period under review, the export price, however, showed a perceptible decline. The pace of growth was the most pronounced in 2014 an increase of X%. The export price peaked at $X per unit in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

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

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Video Projector Imports

Imports into Republic of Korea

For the fourth year in a row, South Korea recorded growth in purchases abroad of video projectors, which increased by X% to X units in 2022. Over the period under review, imports showed a buoyant increase. The pace of growth was the most pronounced in 2020 with an increase of X%. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, video projector imports surged to $X in 2022. In general, total imports indicated a strong 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, imports increased by X% against 2015 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X units) constituted the largest video projector supplier to South Korea, with a X% share of total imports. Moreover, video projector imports from China exceeded the figures recorded by the second-largest supplier, the Philippines (X units), threefold. The third position in this ranking was held by Thailand (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Philippines (X% per year) and Thailand (X% per year).

In value terms, China ($X) constituted the largest supplier of video projectors to South Korea, comprising X% of total imports. The second position in the ranking was held by the Philippines ($X), with a X% share of total imports. It was followed by Thailand, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Philippines (X% per year) and Thailand (X% per year).

Import Prices by Country

The average video projector import price stood at $X per unit in 2022, declining by X% against the previous year. In general, the import price showed a deep setback. The most prominent rate of growth was recorded in 2018 an increase of X%. The import price peaked at $X per unit in 2014; however, from 2015 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 Japan ($X per unit), while the price for the Philippines ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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