Price for Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in South Korea - 2022
Contents:
- Price for Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in South Korea (FOB) - 2022
- Price for Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in South Korea (CIF) - 2022
- Exports of Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in South Korea
- Imports of Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in South Korea
Price for Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in South Korea (FOB) - 2022
The average export price for electrical circuit prefabricated elements, connectors, contact elements and other equipment stood at $0.1 per unit in 2022, dropping by -4.3% against the previous year. In general, export price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 an increase of 35% against the previous year. The export price peaked at $0.1 per unit in 2021, and then declined modestly in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Vietnam ($0.2 per unit), while the average price for exports to Serbia (less than $0.1 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 Vietnam (+10.8%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in South Korea (CIF) - 2022
The average import price for electrical circuit prefabricated elements, connectors, contact elements and other equipment stood at $0.1 per unit in 2022, therefore, remained relatively stable against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average import price increased by 7.4%. Over the period under review, average import prices hit record highs at $0.1 per unit in 2018; however, from 2019 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($0.3 per unit), while the price for China ($0.1 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+3.5%), while the prices for the other major suppliers experienced a decline.
Exports of Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in South Korea
For the fourth year in a row, South Korea recorded growth in shipments abroad of electrical circuit prefabricated elements, connectors, contact elements and other equipment, which increased by 16% to 12B units in 2022. In general, total exports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +15.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +52.2% against 2019 indices. The growth pace was the most rapid in 2021 when exports increased by 21% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the near future.
In value terms, exports of electrical circuit prefabricated elements, connectors, contact elements and other equipment expanded significantly to $1.3B in 2022. Over the period under review, total exports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +14.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +48.0% against 2019 indices. The pace of growth was the most pronounced in 2021 when exports increased by 21% against the previous year. The exports peaked in 2022 and are likely to see steady growth in years to come.
| Export of Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 315 | 304 | 374 | 374 | 5.9% |
| Vietnam | 238 | 290 | 343 | 359 | 14.7% |
| United States | 40.1 | 54.1 | 79.9 | 133 | 49.1% |
| India | 52.2 | 26.3 | 35.0 | 48.7 | -2.3% |
| Poland | 8.0 | 20.3 | 32.7 | 30.6 | 56.4% |
| Philippines | 9.2 | 12.3 | 20.5 | 26.7 | 42.6% |
| Japan | 18.0 | 16.4 | 22.3 | 25.9 | 12.9% |
| Mexico | 9.0 | 10.6 | 14.1 | 21.4 | 33.5% |
| Hungary | 8.8 | 9.0 | 9.4 | 19.5 | 30.4% |
| Slovakia | 6.2 | 13.2 | 25.7 | 19.1 | 45.5% |
| Serbia | 18.6 | 16.2 | 11.0 | 15.1 | -6.7% |
| Thailand | 10.7 | 14.8 | 14.8 | 12.0 | 3.9% |
| Indonesia | 6.6 | 6.9 | 9.2 | 9.6 | 13.3% |
| Others | 125 | 163 | 167 | 187 | 14.4% |
| Total | 866 | 957 | 1,159 | 1,282 | 14.0% |
Top Export Markets for Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment from South Korea in 2022:
- China (3892.4M units)
- Vietnam (1691.7M units)
- United States (999.5M units)
- India (657.8M units)
- Poland (530.7M units)
- Slovakia (483.8M units)
- Serbia (462.4M units)
- Mexico (447.5M units)
- Philippines (284.7M units)
- Thailand (252.7M units)
- Hungary (232.8M units)
- Japan (215.1M units)
- Indonesia (153.0M units)
Imports of Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in South Korea
In 2022, imports of electrical circuit prefabricated elements, connectors, contact elements and other equipment into South Korea skyrocketed to 8.1B units, increasing by 46% compared with 2021. Over the period under review, imports continue to indicate a slight increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of electrical circuit prefabricated elements, connectors, contact elements and other equipment soared to $840M in 2022. Overall, imports, however, saw a relatively flat trend pattern. Imports peaked at $847M in 2019; however, from 2020 to 2022, imports failed to regain momentum.
| Import of Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 302 | 172 | 190 | 247 | -6.5% |
| Japan | 114 | 66.8 | 69.6 | 110 | -1.2% |
| United States | 129 | 73.5 | 65.6 | 90.1 | -11.3% |
| Germany | 70.2 | 42.9 | 58.9 | 87.7 | 7.7% |
| Vietnam | 39.4 | 24.8 | 41.9 | 85.6 | 29.5% |
| Philippines | 71.5 | 48.9 | 49.0 | 62.9 | -4.2% |
| Spain | 4.8 | 6.1 | 9.0 | 9.9 | 27.3% |
| Others | 117 | 72.3 | 89.1 | 147 | 7.9% |
| Total | 847 | 507 | 574 | 840 | -0.3% |
Top Suppliers of Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment to South Korea in 2022:
- China (4.1B units)
- Vietnam (0.9B units)
- Japan (0.7B units)
- Philippines (0.5B units)
- Germany (0.5B units)
- United States (0.3B units)
- Spain (0.2B units)
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