Lamps; Arc-Lamps Price in South Korea - 2022

Lamps; Arc-Lamps Price in South Korea (CIF) - 2022

The average lamps; arc-lamps import price stood at $29 per unit in 2022, which is down by -18.6% against the previous year. In general, the import price recorded a abrupt descent. The most prominent rate of growth was recorded in 2021 an increase of 23% against the previous year. Over the period under review, average import prices hit record highs at $53 per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Germany amounted to -6.2% per year.

Lamps; Arc-Lamps Price in South Korea (FOB) - 2022

In December 2022, the average lamps; arc-lamps export price amounted to $312 per unit, picking up by 50% against the previous month. Overall, the export price, however, continues to indicate a noticeable decline. The pace of growth appeared the most rapid in May 2022 an increase of 250% month-to-month. The export price peaked at $712 per unit in June 2022; however, from July 2022 to December 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In December 2022, the country with the highest price was China ($2,732 per unit), while the average price for exports to Cambodia ($86.7 per unit) was amongst the lowest.

From December 2021 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+12.9%), while the prices for the other major destinations experienced more modest paces of growth.

Lamps; Arc-Lamps Imports in South Korea

In 2022, lamps; arc-lamps imports into South Korea surged to 1.2M units, increasing by 52% compared with the previous year. In general, total imports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +16.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +56.8% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, lamps; arc-lamps imports skyrocketed to $35M in 2022. Over the period under review, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +14.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +49.8% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Lamps; Arc-Lamps in South Korea (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	8.0	9.1	11.9	20.9	37.7%
Poland	0.3	0.5	0.7	N/A	52.8%
Others	15.1	13.8	15.6	14.1	-2.3%
Total	23.4	23.4	28.3	35.0	14.4%

Top Suppliers of Lamps; Arc-Lamps to South Korea in 2022:

Germany (1055.7K units)

Lamps; Arc-Lamps Exports in South Korea

In 2022, lamps; arc-lamps exports from South Korea soared to 19K units, increasing by 39% on the previous year's figure. In general, exports saw significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 123%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, lamps; arc-lamps exports surged to $2.1M in 2022. Overall, total exports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +12.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +84.0% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 44%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the near future.

Export of Lamps; Arc-Lamps in South Korea (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	334	438	395	747	30.8%
Taiwan (Chinese)	165	155	202	432	37.8%
Japan	131	61.3	79.1	198	14.8%
Singapore	22.2	8.8	55.4	189	104.2%
Germany	266	59.9	17.6	44.0	-45.1%
Mongolia	14.4	5.7	6.9	21.6	14.5%
Pakistan	83.6	0.7	6.8	19.1	-38.9%
Vietnam	85.9	32.1	41.7	12.9	-46.8%
United Kingdom	5.8	2.6	2.5	3.9	-12.4%
Brazil	41.7	39.1	61.2	N/A	21.1%
Others	362	361	810	476	9.6%
Total	1,511	1,165	1,678	2,143	12.4%