Price for Lightning Arresters, Voltage Limiters and Surge Suppressors for over 1000 V in South Korea - 2022

Contents:

1. Price for Lightning Arresters, Voltage Limiters and Surge Suppressors for over 1000 V in South Korea (CIF) - 2022
2. Price for Lightning Arresters, Voltage Limiters and Surge Suppressors for over 1000 V in South Korea (FOB) - 2022
3. Imports of Lightning Arresters, Voltage Limiters and Surge Suppressors for over 1000 V in South Korea
4. Exports of Lightning Arresters, Voltage Limiters and Surge Suppressors for over 1000 V in South Korea

Price for Lightning Arresters, Voltage Limiters and Surge Suppressors for over 1000 V in South Korea (CIF) - 2022

The average import price for lightning arresters, voltage limiters and surge suppressors for over 1000 v stood at $19.5 per unit in December 2022, picking up by 96% against the previous month. Overall, the import price continues to indicate strong growth. The most prominent rate of growth was recorded in April 2022 when the average import price increased by 275% m-o-m. As a result, import price reached the peak level of $35.3 per unit. From May 2022 to December 2022, the average import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Japan ($73.8 per unit), while the price for China ($5.6 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 China (+6.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Lightning Arresters, Voltage Limiters and Surge Suppressors for over 1000 V in South Korea (FOB) - 2022

In 2022, the average export price for lightning arresters, voltage limiters and surge suppressors for over 1000 v amounted to $12 per unit, almost unchanged from the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.4%. The most prominent rate of growth was recorded in 2016 an increase of 25% against the previous year. Over the period under review, the average export prices hit record highs at $13 per unit in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Singapore ($19 per unit), while the average price for exports to the United Arab Emirates ($3.2 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 Ghana (+41.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Lightning Arresters, Voltage Limiters and Surge Suppressors for over 1000 V in South Korea

In 2022, imports of lightning arresters, voltage limiters and surge suppressors for over 1000 v into South Korea expanded rapidly to 1.8M units, growing by 9% on 2021 figures. Overall, total imports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +19.3% 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 +70.0% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 54%. Imports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, imports of lightning arresters, voltage limiters and surge suppressors for over 1000 v declined slightly to $22M in 2022. The total import value increased at an average annual rate of +9.1% 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 2020 with an increase of 20% against the previous year. Imports peaked at $22M in 2021, and then contracted in the following year.

Top Suppliers of Lightning Arresters, Voltage Limiters and Surge Suppressors for over 1000 V to South Korea in 2022:

1. China (1253.3K units)
2. Japan (223.4K units)
3. Germany (145.0K units)
4. United States (113.5K units)
5. Sweden (38.8K units)

Exports of Lightning Arresters, Voltage Limiters and Surge Suppressors for over 1000 V in South Korea

In 2022, approx. 679K units of lightning arresters, voltage limiters and surge suppressors for over 1000 v were exported from South Korea; falling by -53.5% against the previous year's figure. Over the period under review, exports, however, saw a buoyant increase. The growth pace was the most rapid in 2021 when exports increased by 291% against the previous year. As a result, the exports attained the peak of 1.5M units, and then reduced markedly in the following year.

In value terms, exports of lightning arresters, voltage limiters and surge suppressors for over 1000 v fell sharply to $7.8M in 2022. In general, exports, however, posted a prominent increase. The growth pace was the most rapid in 2021 when exports increased by 299%. As a result, the exports attained the peak of $17M, and then declined markedly in the following year.

Top Export Markets for Lightning Arresters, Voltage Limiters and Surge Suppressors for over 1000 V from South Korea in 2022:

1. Indonesia (131.5K units)
2. Qatar (115.5K units)
3. Philippines (67.8K units)
4. Finland (57.3K units)
5. Ghana (48.3K units)
6. India (43.3K units)
7. Vietnam (43.2K units)
8. United States (27.7K units)
9. Malaysia (27.0K units)
10. Australia (22.5K units)
11. United Arab Emirates (22.3K units)
12. Singapore (15.8K units)
13. New Zealand (11.2K units)

Source: IndexBox Market Intelligence Platform