Price for Clocks; Wall Clocks, Battery, Accumulator or Mains Powered in South Korea - 2022
Contents:
- Price for Clocks; Wall Clocks, Battery, Accumulator or Mains Powered in South Korea (CIF) - 2022
- Price for Clocks; Wall Clocks, Battery, Accumulator or Mains Powered in South Korea (FOB) - 2022
- Imports of Clocks; Wall Clocks, Battery, Accumulator or Mains Powered in South Korea
- Exports of Clocks; Wall Clocks, Battery, Accumulator or Mains Powered in South Korea
Price for Clocks; Wall Clocks, Battery, Accumulator or Mains Powered in South Korea (CIF) - 2022
In 2022, the average import price for clocks; wall clocks, battery, accumulator or mains powereds amounted to $6 per unit, with a decrease of -11.5% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.2%. The most prominent rate of growth was recorded in 2020 an increase of 19% against the previous year. Over the period under review, average import prices hit record highs at $6.7 per unit in 2021, and then declined in the following year.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Taiwan (Chinese) ($6 per unit), while the price for Hong Kong SAR ($6 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+1.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Clocks; Wall Clocks, Battery, Accumulator or Mains Powered in South Korea (FOB) - 2022
In 2022, the average export price for clocks; wall clocks, battery, accumulator or mains powereds amounted to $6.8 per unit, jumping by 28% against the previous year. Over the period under review, the export price enjoyed a resilient increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Russia ($6.8 per unit) and Japan ($6.8 per unit), while the average price for exports to Vietnam ($6.8 per unit) and the United States ($6.8 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+15.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Clocks; Wall Clocks, Battery, Accumulator or Mains Powered in South Korea
In 2022, the amount of clocks; wall clocks, battery, accumulator or mains powereds imported into South Korea reduced to 1.3M units, which is down by -12.8% compared with the previous year. In general, imports continue to indicate a pronounced descent. The pace of growth was the most pronounced in 2021 when imports increased by 21%. As a result, imports attained the peak of 1.5M units, and then dropped in the following year.
In value terms, imports of clocks; wall clocks, battery, accumulator or mains powereds dropped rapidly to $7.9M in 2022. The total import value increased at an average annual rate of +2.8% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 36%. As a result, imports attained the peak of $10M, and then dropped dramatically in the following year.
| Import of Clocks; Wall Clocks, Battery, Accumulator or Mains Powered in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 6.7 | 6.6 | 9.3 | 6.9 | 1.0% |
| Hong Kong SAR | 0.1 | 0.2 | 0.3 | 0.4 | 58.7% |
| Taiwan (Chinese) | 0.1 | 0.2 | 0.2 | 0.2 | 26.0% |
| Others | 0.5 | 0.6 | 0.5 | 0.4 | -7.2% |
| Total | 7.3 | 7.6 | 10.3 | 7.9 | 2.7% |
Top Suppliers of Clocks; Wall Clocks, Battery, Accumulator or Mains Powered to South Korea in 2022:
- China (1158.8K units)
- Hong Kong SAR (73.2K units)
- Taiwan (Chinese) (32.5K units)
Exports of Clocks; Wall Clocks, Battery, Accumulator or Mains Powered in South Korea
After three years of growth, overseas shipments of clocks; wall clocks, battery, accumulator or mains powereds decreased by -66.2% to 49K units in 2022. Overall, exports recorded a abrupt descent. The most prominent rate of growth was recorded in 2021 when exports increased by 65% against the previous year. As a result, the exports attained the peak of 144K units, and then declined rapidly in the following year.
In value terms, exports of clocks; wall clocks, battery, accumulator or mains powereds fell remarkably to $331K in 2022. Over the period under review, exports, however, posted a moderate increase. The pace of growth was the most pronounced in 2021 with an increase of 110%. As a result, the exports attained the peak of $764K, and then shrank significantly in the following year.
| Export of Clocks; Wall Clocks, Battery, Accumulator or Mains Powered in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 53.2 | 227 | 606 | 260 | 69.7% |
| Russia | 130 | 68.6 | 59.9 | 46.7 | -28.9% |
| Japan | 20.7 | 45.2 | 33.3 | 6.8 | -31.0% |
| Vietnam | 0.1 | 12.5 | 6.8 | 5.9 | 289.3% |
| China | 48.9 | 2.0 | 4.9 | N/A | -68.3% |
| United Arab Emirates | 14.4 | N/A | 34.6 | N/A | 55.0% |
| Others | 31.9 | 9.3 | 18.6 | 11.9 | -28.0% |
| Total | 299 | 364 | 764 | 331 | 3.4% |
Top Export Markets for Clocks; Wall Clocks, Battery, Accumulator or Mains Powered from South Korea in 2022:
- United States (38.4K units)
- Russia (6.9K units)
- Japan (1.0K units)
- Vietnam (0.9K units)
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