Republic of Korea: Electric Lamp Market 2024

Electric Lamp Market Size in Republic of Korea

The South Korean electric lamp market soared to $X in 2022, rising by X% against the previous year. Over the period under review, consumption, however, recorded a pronounced shrinkage. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Electric Lamp Production in Republic of Korea

In value terms, electric lamp production reached $X in 2022 estimated in export price. Over the period under review, production, however, saw a abrupt contraction. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Electric Lamp Exports

Exports from Republic of Korea

Electric lamp exports from South Korea contracted notably to X units in 2022, reducing by X% compared with 2021 figures. Over the period under review, exports continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2016 when exports increased by X%. Over the period under review, the exports attained the maximum at X units in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, electric lamp exports contracted to $X in 2022. In general, exports continue to indicate a deep setback. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

India (X units), the United States (X units) and China (X units) were the main destinations of electric lamp exports from South Korea, with a combined X% share of total exports. Poland, Mexico, Iran, Brazil, Germany, the United Arab Emirates, Japan, Argentina, Saudi Arabia and Russia lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Argentina (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for electric lamp exported from South Korea were the United States ($X), China ($X) and India ($X), together comprising X% of total exports. Japan, Mexico, Iran, Brazil, Germany, the United Arab Emirates, Russia, Poland, Saudi Arabia and Argentina lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, Argentina, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average electric lamp export price stood at $X per unit in 2022, rising by X% against the previous year. Over the period under review, the export price, however, showed a slight setback. The most prominent rate of growth was recorded in 2018 an increase of X%. Over the period under review, the average export prices reached the maximum at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per unit), while the average price for exports to Poland ($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 Japan (X%), while the prices for the other major destinations experienced more modest paces of growth.

Electric Lamp Imports

Imports into Republic of Korea

Electric lamp imports into South Korea reduced to X units in 2022, shrinking by X% on 2021 figures. In general, imports saw a pronounced curtailment. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Imports peaked at X units in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, electric lamp imports declined slightly to $X in 2022. Over the period under review, imports continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Taiwan (Chinese) (X units), China (X units) and Vietnam (X units) were the main suppliers of electric lamp imports to South Korea, together comprising X% of total imports.

From 2012 to 2022, the biggest increases were recorded for Taiwan (Chinese) (with a CAGR of X%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Taiwan (Chinese) ($X), China ($X) and Japan ($X) appeared to be the largest electric lamp suppliers to South Korea, together comprising X% of total imports.

Taiwan (Chinese), with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2022, the average electric lamp import price amounted to $X per unit, picking up by X% against the previous year. Over the period under review, the import price, however, showed a pronounced reduction. The pace of growth appeared the most rapid in 2018 an increase of X% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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 the United States ($X per unit), while the price for Vietnam ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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