Lamp Holder Price in South Korea - 2022
Contents:
- Lamp Holder Price in South Korea (FOB) - 2022
- Lamp Holder Price in South Korea (CIF) - 2022
- Lamp Holder Exports in South Korea
- Lamp Holder Imports in South Korea
Lamp Holder Price in South Korea (FOB) - 2022
The average lamp holder export price stood at $1.6 per unit in 2022, standing approx. at the previous year. Over the period under review, the export price, however, saw resilient growth. The pace of growth appeared the most rapid in 2020 when the average export price increased by 29% against the previous year. Over the period under review, the average export prices hit record highs at $1.6 per unit in 2021, and then reduced slightly in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($6.4 per unit), while the average price for exports to India ($1.3 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 Germany (+23.2%), while the prices for the other major destinations experienced more modest paces of growth.
Lamp Holder Price in South Korea (CIF) - 2022
In December 2022, the average lamp holder import price amounted to $334 per thousand units, reducing by -57.5% against the previous month. Overall, the import price recorded a noticeable curtailment. The most prominent rate of growth was recorded in September 2022 an increase of 149% m-o-m. As a result, import price attained the peak level of $1.1 per unit. From October 2022 to December 2022, the average import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for China.
From December 2021 to December 2022, the rate of growth in terms of prices for China amounted to -4.1% per month.
Lamp Holder Exports in South Korea
In 2022, lamp holder exports from South Korea dropped rapidly to 2.3M units, declining by -19.4% on 2021. Over the period under review, exports recorded a dramatic decline. The smallest decline of -13.4% was in 2021. The exports peaked at 13M units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, lamp holder exports reduced rapidly to $3.7M in 2022. In general, exports saw a sharp downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 9.8% against the previous year. The exports peaked at $13M in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
| Export of Lamp Holder in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 5,366 | 1,047 | 2,054 | 1,677 | -32.1% |
| India | 1,082 | 333 | 833 | 486 | -23.4% |
| China | 2,745 | 517 | 494 | 348 | -49.8% |
| Malaysia | 146 | 1,621 | 11.4 | 276 | 23.6% |
| Mexico | 435 | 138 | 345 | 230 | -19.1% |
| Morocco | 66.7 | 25.8 | 40.2 | 175 | 37.9% |
| United States | 635 | 45.0 | 164 | 169 | -35.7% |
| Czech Republic | 619 | 134 | 221 | 89.7 | -47.5% |
| Others | 1,569 | 303 | 409 | 224 | -47.7% |
| Total | 12,664 | 4,164 | 4,573 | 3,673 | -33.8% |
Top Export Markets for Lamp Holder from South Korea in 2022:
- Vietnam (1249.8K units)
- India (368.6K units)
- Mexico (131.1K units)
- United States (123.7K units)
- China (112.3K units)
- Morocco (85.5K units)
- Czech Republic (45.9K units)
- Malaysia (41.7K units)
Lamp Holder Imports in South Korea
In 2022, purchases abroad of lamp holders for under 1000 v was finally on the rise to reach 4.3M units for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, showed a deep contraction. Over the period under review, imports attained the peak figure at 7.3M units in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, lamp holder imports contracted slightly to $2.5M in 2022. In general, imports, however, faced a drastic downturn. The most prominent rate of growth was recorded in 2021 with an increase of 15%. Imports peaked at $3.5M in 2019; however, from 2020 to 2022, imports failed to regain momentum.
| Import of Lamp Holder in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2.5 | 1.4 | 1.1 | 1.2 | -21.7% |
| Others | 1.0 | 0.8 | 1.4 | 1.3 | 9.1% |
| Total | 3.5 | 2.2 | 2.5 | 2.5 | -10.6% |
Top Suppliers of Lamp Holder to South Korea in 2022:
- China (4.1M units)
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