Price for Festive, Carnival or Other Entertainment Articles, Including Conjuring Tricks and Novelty Jokes in South Korea - 2022

Contents:

1. Price for Festive, Carnival or Other Entertainment Articles, Including Conjuring Tricks and Novelty Jokes in South Korea (CIF) - 2022
2. Price for Festive, Carnival or Other Entertainment Articles, Including Conjuring Tricks and Novelty Jokes in South Korea (FOB) - 2022
3. Imports of Festive, Carnival or Other Entertainment Articles, Including Conjuring Tricks and Novelty Jokes in South Korea
4. Exports of Festive, Carnival or Other Entertainment Articles, Including Conjuring Tricks and Novelty Jokes in South Korea

Price for Festive, Carnival or Other Entertainment Articles, Including Conjuring Tricks and Novelty Jokes in South Korea (CIF) - 2022

The average import price for festive, carnival or other entertainment articles, including conjuring tricks and novelty jokeses stood at $2.8 per unit in December 2022, jumping by 19% against the previous month. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in January 2022 when the average import price increased by 164% against the previous month. As a result, import price reached the peak level of $6.7 per unit. From February 2022 to December 2022, the average import prices failed to regain momentum.

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 +0.9% per month.

Price for Festive, Carnival or Other Entertainment Articles, Including Conjuring Tricks and Novelty Jokes in South Korea (FOB) - 2022

In 2022, the average export price for festive, carnival or other entertainment articles, including conjuring tricks and novelty jokeses amounted to $15 per unit, dropping by -8.5% against the previous year. Overall, the export price, however, recorded a prominent increase. The growth pace was the most rapid in 2014 an increase of 50%. The export price peaked at $16 per unit in 2021, and then reduced in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($22 per unit), while the average price for exports to the United Arab Emirates ($1.9 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 the Philippines (+20.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Festive, Carnival or Other Entertainment Articles, Including Conjuring Tricks and Novelty Jokes in South Korea

Imports of festive, carnival or other entertainment articles, including conjuring tricks and novelty jokeses into South Korea soared to 21M units in 2022, increasing by 17% against 2021. In general, total imports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +16.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +56.9% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 32% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to continue growth in the immediate term.

In value terms, imports of festive, carnival or other entertainment articles, including conjuring tricks and novelty jokeses skyrocketed to $63M in 2022. Overall, imports continue to indicate a significant expansion. The growth pace was the most rapid in 2021 when imports increased by 39%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Top Suppliers of Festive, Carnival or Other Entertainment Articles, Including Conjuring Tricks and Novelty Jokes to South Korea in 2022:

1. China (20.5M units)

Exports of Festive, Carnival or Other Entertainment Articles, Including Conjuring Tricks and Novelty Jokes in South Korea

Exports of festive, carnival or other entertainment articles, including conjuring tricks and novelty jokeses from South Korea expanded significantly to 600K units in 2022, picking up by 7.8% against 2021. Overall, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 113% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, exports of festive, carnival or other entertainment articles, including conjuring tricks and novelty jokeses declined to $8.9M in 2022. Over the period under review, exports recorded a significant increase. The pace of growth was the most pronounced in 2020 when exports increased by 92%. The exports peaked at $9M in 2021, and then reduced modestly in the following year.

Top Export Markets for Festive, Carnival or Other Entertainment Articles, Including Conjuring Tricks and Novelty Jokes from South Korea in 2022:

1. Japan (226.8K units)
2. United States (157.7K units)
3. China (46.3K units)
4. Thailand (33.8K units)
5. United Arab Emirates (27.4K units)
6. Taiwan (Chinese) (13.0K units)
7. Mexico (10.2K units)
8. Philippines (6.9K units)

Source: IndexBox Market Intelligence Platform