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Republic of Korea - Fluorescent Discharge Lamps - Market Analysis, Forecast, Size, Trends and Insights
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View PricingRepublic of Korea: Fluorescent Discharge Lamps Market 2024
Fluorescent Discharge Lamps Market Size in Republic of Korea
For the ninth consecutive year, the South Korean fluorescent discharge lamps market recorded decline in sales value, which decreased by -15% to $X in 2021. Over the period under review, consumption saw a deep reduction. The most prominent rate of growth was recorded in 2014 with a decrease of -11.9%. Fluorescent discharge lamps consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.
Fluorescent Discharge Lamps Production in Republic of Korea
In value terms, fluorescent discharge lamps production amounted to $X in 2021 estimated in export price. Over the period under review, production recorded a sharp curtailment. The pace of growth appeared the most rapid in 2014 when the production volume increased by 9.2%. Fluorescent discharge lamps production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.
Fluorescent Discharge Lamps Exports
Exports from Republic of Korea
After three years of decline, shipments abroad of fluorescent discharge lamps increased by 51% to X units in 2021. Overall, exports, however, faced a deep contraction. The exports peaked at X units in 2013; however, from 2014 to 2021, the exports failed to regain momentum.
In value terms, fluorescent discharge lamps exports skyrocketed to $X in 2021. Over the period under review, exports, however, faced a abrupt decrease. The pace of growth was the most pronounced in 2017 when exports increased by 56% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.
Exports by Country
The United States (X units), Thailand (X units) and Japan (X units) were the main destinations of fluorescent discharge lamps exports from South Korea, with a combined 32% share of total exports. These countries were followed by Indonesia, China, Paraguay, Vietnam, Belgium, Russia, Iraq, the Philippines, Taiwan (Chinese) and Sweden, which together accounted for a further 24%.
From 2012 to 2021, the biggest increases were recorded for Paraguay (with a CAGR of +43.6%), while shipments for the other leaders experienced more modest paces of growth.
In value terms, the largest markets for fluorescent discharge lamps exported from South Korea were the United States ($X), Japan ($X) and China ($X), with a combined 45% share of total exports. These countries were followed by Indonesia, Russia, Thailand, Vietnam, Belgium, Sweden, the Philippines, Taiwan (Chinese), Iraq and Paraguay, which together accounted for a further 23%.
In terms of the main countries of destination, Paraguay, with a CAGR of +34.9%, recorded 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
In 2021, the average fluorescent discharge lamps export price amounted to $X per unit, which is down by -20.1% against the previous year. Overall, the export price, however, continues to indicate buoyant growth. The most prominent rate of growth was recorded in 2014 an increase of 47%. Over the period under review, the average export prices hit record highs at $X per unit in 2020, and then declined dramatically in the following year.
There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Sweden ($X per unit), while the average price for exports to Paraguay ($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 the United States (+19.9%), while the prices for the other major destinations experienced more modest paces of growth.
Fluorescent Discharge Lamps Imports
Imports into Republic of Korea
In 2021, approx. X units of fluorescent discharge lamps were imported into South Korea; dropping by -19.2% on the year before. In general, imports continue to indicate a deep slump. The pace of growth was the most pronounced in 2020 with an increase of 13% against the previous year. Over the period under review, imports reached the maximum at X units in 2012; however, from 2013 to 2021, imports failed to regain momentum.
In value terms, fluorescent discharge lamps imports declined to $X in 2021. Overall, imports recorded a abrupt downturn. The most prominent rate of growth was recorded in 2015 with an increase of 4.4% against the previous year. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.
Imports by Country
In 2021, China (X units) constituted the largest supplier of fluorescent discharge lamps to South Korea, accounting for a 86% share of total imports. It was followed by Poland (X units), with a 2.8% share of total imports. Italy (X units) ranked third in terms of total imports with a 2.8% share.
From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled -13.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+11.8% per year) and Italy (+7.6% per year).
In value terms, China ($X) constituted the largest supplier of fluorescent discharge lamps to South Korea, comprising 61% of total imports. The second position in the ranking was held by Japan ($X), with a 3.2% share of total imports. It was followed by Poland, with a 2.5% share.
From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to -13.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-19.4% per year) and Poland (+9.8% per year).
Import Prices by Country
In 2021, the average fluorescent discharge lamps import price amounted to $X per unit, growing by 9% against the previous year. Overall, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 an increase of 43% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2018; however, from 2019 to 2021, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Japan ($X per unit), while the price for Italy ($X per unit) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+4.1%), while the prices for the other major suppliers experienced a decline.
Source: IndexBox Platform
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the fluorescent discharge lamps 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 27401510 - Fluorescent hot cathode discharge lamps, with double ended cap (excluding ultraviolet lamps)
- Prodcom 27401530 - Fluorescent hot cathode discharge lamps (excluding ultraviolet lamps, with double ended cap)
- Prodcom 27401550 - Other discharge lamps (excluding ultraviolet lamps)
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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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