Republic of Korea - Electro-Cardiographs - Market Analysis, Forecast, Size, Trends And Insights
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View PricingECG Price in South Korea - 2022
Contents:
- ECG Price in South Korea (FOB) - 2022
- ECG Price in South Korea (CIF) - 2022
- ECG Exports in South Korea
- ECG Imports in South Korea
ECG Price in South Korea (FOB) - 2022
In 2022, the average ECG export price amounted to $778 per unit, which is down by -10.2% against the previous year. Overall, the export price, however, recorded a prominent increase. The growth pace was the most rapid in 2021 when the average export price increased by 43%. As a result, the export price reached the peak level of $867 per unit, and then declined in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belgium ($1,722 per unit), while the average price for exports to the Netherlands ($228 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 Iran (+57.8%), while the prices for the other major destinations experienced more modest paces of growth.
ECG Price in South Korea (CIF) - 2022
The average ECG import price stood at $483 per unit in December 2022, dropping by -16.6% against the previous month. In general, the import price showed a perceptible reduction. The pace of growth appeared the most rapid in July 2022 an increase of 126% month-to-month. As a result, import price attained the peak level of $1,019 per unit. From August 2022 to December 2022, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Canada ($1,209 per unit), while the price for China ($200 per unit) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by Canada (+3.1%), while the prices for the other major suppliers experienced more modest paces of growth.
ECG Exports in South Korea
In 2022, the amount of electro-cardiographs exported from South Korea fell notably to 20K units, shrinking by -17.5% compared with the previous year's figure. The total export volume increased at an average annual rate of +1.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 45%. As a result, the exports attained the peak of 24K units, and then dropped dramatically in the following year.
In value terms, ECG exports shrank notably to $16M in 2022. Overall, exports, however, enjoyed a prominent increase. The growth pace was the most rapid in 2021 with an increase of 108% against the previous year. As a result, the exports reached the peak of $21M, and then contracted significantly in the following year.
Export of ECG in South Korea (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 1.1 | 2.0 | 5.7 | 9.4 | 104.4% |
Brazil | 1.4 | 0.8 | 1.6 | 1.3 | -2.4% |
India | 0.1 | 0.8 | 1.8 | 1.3 | 135.1% |
Japan | 1.0 | 1.1 | 1.4 | 1.0 | 0.0% |
Netherlands | 0.4 | 0.7 | 0.4 | 0.4 | 0.0% |
Germany | 0.6 | 0.4 | 0.6 | 0.3 | -20.6% |
Egypt | 1.3 | 0.6 | 0.7 | 0.2 | -46.4% |
Indonesia | 0.9 | 1.1 | 1.1 | N/A | 10.6% |
Others | 2.7 | 2.5 | 7.9 | 1.9 | -11.1% |
Total | 9.6 | 10.2 | 21.2 | 15.7 | 17.8% |
Top Export Markets for ECG from South Korea in 2022:
- United States (10.1K units)
- Brazil (2.4K units)
- Netherlands (1.6K units)
- Japan (1.6K units)
- India (1.4K units)
- Germany (0.6K units)
- Egypt (0.2K units)
ECG Imports in South Korea
In 2022, purchases abroad of electro-cardiographs decreased by -5.8% to 16K units for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +9.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when imports increased by 20% against the previous year. As a result, imports reached the peak of 17K units, and then reduced in the following year.
In value terms, ECG imports dropped to $9M in 2022. The total import value increased at an average annual rate of +7.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 27%. As a result, imports reached the peak of $10M, and then fell in the following year.
Import of ECG in South Korea (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 2,960 | 3,085 | 3,923 | 4,724 | 16.9% |
Germany | 1,269 | 1,052 | 1,223 | 1,017 | -7.1% |
China | 541 | 508 | 566 | 530 | -0.7% |
Japan | 494 | 259 | 294 | 433 | -4.3% |
Israel | N/A | 4.9 | 3.3 | 364 | 761.9% |
Canada | N/A | N/A | 42.5 | 296 | 596.5% |
Netherlands | 201 | 110 | 438 | 179 | -3.8% |
India | 287 | 419 | 206 | 150 | -19.4% |
United Kingdom | 859 | 707 | 353 | 118 | -48.4% |
Belgium | 148 | 1,141 | 18.9 | 0.1 | -91.2% |
Singapore | 341 | 432 | 785 | N/A | 51.7% |
Others | 130 | 216 | 2,188 | 1,176 | 108.4% |
Total | 7,230 | 7,934 | 10,041 | 8,987 | 7.5% |
Top Suppliers of ECG to South Korea in 2022:
- United States (8.4K units)
- China (1.3K units)
- Japan (1.0K units)
- Germany (1.0K units)
- Israel (0.7K units)
- Netherlands (0.6K units)
- Canada (0.5K units)
- India (0.3K units)
- United Kingdom (0.1K units)
This report provides an in-depth analysis of the ecg 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 26601230 - Electro-cardiographs
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
-
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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