Report Republic of Korea - Wiring Sets Used in Vehicles, Aircraft or Ships - Market Analysis, Forecast, Size, Trends and Insights for 499$
Latest Report Update: Sep 6, 2022

Republic of Korea - Wiring Sets Used in Vehicles, Aircraft or Ships - Market Analysis, Forecast, Size, Trends and Insights
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Republic of Korea: Market for Wiring sets used in vehicles, aircraft or ships 2022

Market Size for Wiring sets used in vehicles, aircraft or ships in Republic of Korea

The South Korean market for wiring sets used in vehicles, aircraft or ships rose markedly to $X in 2021, picking up by X% against the previous year. Over the period under review, consumption recorded buoyant growth. Consumption of peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Production of Wiring sets used in vehicles, aircraft or ships in Republic of Korea

In value terms, production of wiring sets used in vehicles, aircraft or ships skyrocketed to $X in 2021 estimated in export price. Overall, production recorded a significant expansion. The pace of growth was the most pronounced in 2018 with an increase of X%. Production of peaked at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Exports of Wiring sets used in vehicles, aircraft or ships

Exports from Republic of Korea

In 2021, overseas shipments of wiring sets used in vehicles, aircraft or ships were finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend. Over the period under review, exports continue to indicate resilient growth. The pace of growth appeared the most rapid in 2017 with an increase of X%. As a result, the exports reached the peak of X tons. From 2018 to 2021, the growth of the exports of failed to regain momentum.

In value terms, exports of wiring sets used in vehicles, aircraft or ships expanded to $X in 2021. Overall, exports recorded strong growth. The most prominent rate of growth was recorded in 2017 with an increase of X%. As a result, the exports attained the peak of $X. From 2018 to 2021, the growth of the exports of remained at a lower figure.

Exports by Country

The Philippines (X tons) was the main destination for exports of wiring sets used in vehicles, aircraft or ships from South Korea, accounting for a X% share of total exports. Moreover, exports of wiring sets used in vehicles, aircraft or ships to the Philippines exceeded the volume sent to the second major destination, the United States (X tons), threefold. China (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2021, the average annual growth rate of volume to the Philippines stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+X% per year) and China (+X% per year).

In value terms, the United States ($X), the Philippines ($X) and China ($X) were the largest markets for wiring sets used in vehicles, aircraft or ships exported from South Korea worldwide, with a combined X% share of total exports.

The Philippines, with a CAGR of +X%, recorded the highest growth rate of the value of exports, among the main countries of destination 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 wiring sets used in vehicles, aircraft or ships stood at $X per ton in 2021, which is down by -X% against the previous year. Over the period under review, the export price showed a mild setback. The most prominent rate of growth was recorded in 2013 when the average export price increased by X%. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

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

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

Imports of Wiring sets used in vehicles, aircraft or ships

Imports into Republic of Korea

In 2021, approx. X tons of wiring sets used in vehicles, aircraft or ships were imported into South Korea; approximately reflecting 2020. The total import volume increased at an average annual rate of +X% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2013 when imports increased by X%. Over the period under review, imports of attained the peak figure at X tons in 2019; afterwards, it flattened through to 2021.

In value terms, imports of wiring sets used in vehicles, aircraft or ships totaled $X in 2021. In general, total imports indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -X% against 2019 indices. The pace of growth appeared the most rapid in 2016 when imports increased by X% against the previous year. Imports peaked at $X in 2019; afterwards, it flattened through to 2021.

Imports by Country

In 2021, Oman (X tons) was the main wiring sets used in vehicles, aircraft or ships supplier to South Korea, with a approx. X% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from Oman stood at +X%.

In value terms, Oman ($X) constituted the largest supplier of wiring sets used in vehicles, aircraft or ships to South Korea.

From 2012 to 2021, the average annual growth rate of value from Oman amounted to +X%.

Import Prices by Country

In 2021, the average import price for wiring sets used in vehicles, aircraft or ships amounted to $X per ton, leveling off at the previous year. Over the period under review, import price indicated resilient growth from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, import price for wiring sets used in vehicles, aircraft or ships decreased by -X% against 2019 indices. The most prominent rate of growth was recorded in 2016 when the average import price increased by X%. The import price peaked at $X per ton in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for Oman.

From 2012 to 2021, the rate of growth in terms of prices for Oman amounted to -X% per year.

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 wiring sets used in vehicles, aircraft or ships in the world?
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The countries with the highest volumes of in 2021 were China, the United States and India, together comprising 45% of global consumption. These countries were followed by Japan, Indonesia, Brazil, Germany, South Korea, Iran, Romania, Egypt and Thailand, which together accounted for a further 27%.
What are the largest producers of wiring sets used in vehicles, aircraft or ships in the world?
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China remains the largest wiring sets used in vehicles, aircraft or ships producing country worldwide, accounting for 26% of total volume. Moreover, production of wiring sets used in vehicles, aircraft or ships in China exceeded the figures recorded by the second-largest producer, India, threefold. The third position in this ranking was taken by Mexico, with a 6.5% share.
What are the leading suppliers of wiring sets used in vehicles, aircraft or ships to Republic of Korea?
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In value terms, Oman constituted the largest supplier of wiring sets used in vehicles, aircraft or ships to South Korea.
What are the leading importers of wiring sets used in vehicles, aircraft or ships from Republic of Korea?
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In value terms, the largest markets for wiring sets used in vehicles, aircraft or ships exported from South Korea were the United States, the Philippines and China, together accounting for 68% of total exports.
What is the average export price for wiring sets used in vehicles, aircraft or ships in Republic of Korea?
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In 2021, the average export price for wiring sets used in vehicles, aircraft or ships amounted to $16,700 per ton, reducing by -3.5% against the previous year.
What is the average import price for wiring sets used in vehicles, aircraft or ships in Republic of Korea?
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The average import price for wiring sets used in vehicles, aircraft or ships stood at $18,957 per ton in 2021, stabilizing at the previous year.

This report provides an in-depth analysis of the market for wiring sets used in vehicles, aircraft or ships 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 29311000 - Insulated ignition wiring sets and other wiring sets of a kind used in vehicles, aircraft or ships
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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