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Report Republic of Korea - Telephone Apparatus - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Nov 1, 2024

Republic of Korea - Telephone Apparatus - Market Analysis, Forecast, Size, Trends and Insights

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Republic of Korea: Telephone Apparatus Market 2024

Telephone Apparatus Market Size in Republic of Korea

After three years of decline, the South Korean telephone apparatus market increased by 129% to $X in 2022. Overall, consumption, however, recorded a mild shrinkage. Telephone apparatus consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Telephone Apparatus Exports

Exports from Republic of Korea

In 2022, after two years of growth, there was significant decline in overseas shipments of telephone apparatus, when their volume decreased by -16.6% to X tons. In general, exports continue to indicate a deep reduction. The pace of growth appeared the most rapid in 2020 with an increase of 108%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, telephone apparatus exports contracted to $X in 2022. Over the period under review, exports showed a pronounced reduction. The most prominent rate of growth was recorded in 2019 with an increase of 25%. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Vietnam (X tons) was the main destination for telephone apparatus exports from South Korea, with a 33% share of total exports. Moreover, telephone apparatus exports to Vietnam exceeded the volume sent to the second major destination, China (X tons), twofold. The third position in this ranking was taken by the United States (X tons), with a 6.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Vietnam totaled +23.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+3.5% per year) and the United States (-15.8% per year).

In value terms, Vietnam ($X) remains the key foreign market for telephone apparatus exports from South Korea, comprising 55% of total exports. The second position in the ranking was taken by China ($X), with a 14% share of total exports. It was followed by the United States, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Vietnam amounted to +34.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-1.1% per year) and the United States (-8.0% per year).

Export Prices by Country

The average telephone apparatus export price stood at $X per ton in 2021, with a decrease of -3.7% against the previous year. Overall, the export price, however, enjoyed a temperate expansion. The pace of growth was the most pronounced in 2019 an increase of 52%. As a result, the export price reached the peak level of $X per ton. From 2020 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per ton), while the average price for exports to Japan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+9.3%), while the prices for the other major destinations experienced more modest paces of growth.

Telephone Apparatus Imports

Imports into Republic of Korea

In 2022, purchases abroad of telephone apparatus was finally on the rise to reach X tons for the first time since 2018, thus ending a three-year declining trend. Overall, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 when imports increased by 109%. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, telephone apparatus imports fell modestly to $X in 2022. In general, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of 28% against the previous year. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

Vietnam (X tons), China (X tons) and Indonesia (X tons) were the main suppliers of telephone apparatus imports to South Korea, with a combined 83% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Vietnam (with a CAGR of +49.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Vietnam ($X) and the United States ($X) appeared to be the largest telephone apparatus suppliers to South Korea, together accounting for 90% of total imports.

Vietnam, with a CAGR of +55.4%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average telephone apparatus import price amounted to $X per ton, increasing by 61% against the previous year. Over the period under review, the import price saw measured growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+4.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

The country with the largest volume of telephone apparatus consumption was China, comprising approx. 37% of total volume. Moreover, telephone apparatus consumption in China exceeded the figures recorded by the second-largest consumer, the United States, sixfold. The third position in this ranking was occupied by India, with a 5.7% share.
The country with the largest volume of telephone apparatus production was China, comprising approx. 68% of total volume. Moreover, telephone apparatus production in China exceeded the figures recorded by the second-largest producer, India, more than tenfold. Vietnam ranked third in terms of total production with a 4.8% share.
In value terms, the largest telephone apparatus suppliers to South Korea were Vietnam, Hong Kong SAR and China, with a combined 77% share of total imports.
In value terms, Vietnam remains the key foreign market for telephone apparatus exports from South Korea, comprising 48% of total exports. The second position in the ranking was occupied by the United States, with a 15% share of total exports. It was followed by China, with a 15% share.
In 2021, the average telephone apparatus export price amounted to $368,259 per ton, rising by 3.3% against the previous year.
In 2021, the average telephone apparatus import price amounted to $119,507 per ton, waning by -6.7% against the previous year.

This report provides an in-depth analysis of the telephone apparatus market in Republic of Korea. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 26302100 - Line telephone sets with cordless handsets
  • Prodcom 26302200 - Telephones for cellular networks or for other wireless networks
  • Prodcom 26302310 - Base stations
  • Prodcom 26302320 - Machines for the reception, conversion and transmission or regeneration of voice, images or other data, including switching and routing apparatus
  • Prodcom 26302330 - Telephone sets (excluding line telephone sets with cordless handsets and telephones for cellular networks or for other wireless networks), videophones
  • Prodcom 26302340 - Portable receivers for calling or paging
  • Prodcom 26302370 - Other apparatus for the transmission or reception of voice, i mages or other data, including apparatus for communication in a wired or wireless network (such as a local or wide area network), other than transmission or reception apparatus of HS
  • Prodcom 26303000 - Parts of electrical telephonic or telegraphic apparatus
  • Prodcom 26404400 - Radio-telephony or radio-telegraphy reception apparatus (excluding portable receivers for calling or paging, those combined with radio receivers)
  • Prodcom 26304040 - Aerials and aerial reflectors of all kinds for apparatus of HS

Country coverage:

  • South Korea

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Republic of Korea
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023

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