Republic of Korea: Base Station Market 2024

Base Station Market Size in Republic of Korea

In 2021, the South Korean base station market increased by 1% to $X, rising for the fourth consecutive year after two years of decline. Over the period under review, consumption, however, posted a resilient expansion. Over the period under review, the market hit record highs in 2021 and is expected to retain growth in years to come.

Base Station Production in Republic of Korea

In value terms, base station production expanded modestly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.9% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 with an increase of 21%. Over the period under review, production reached the peak level at $X in 2019; afterwards, it flattened through to 2021.

Base Station Exports

Exports from Republic of Korea

In 2021, after three years of decline, there was significant growth in overseas shipments of base stations, when their volume increased by 48% to X tons. Overall, exports, however, continue to indicate a sharp shrinkage. The pace of growth was the most pronounced in 2016 with an increase of 72% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, base station exports skyrocketed to $X in 2021. Over the period under review, exports, however, recorded a abrupt decline. The growth pace was the most rapid in 2016 with an increase of 65%. Over the period under review, the exports reached the maximum at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for base station exports from South Korea, with a 49% share of total exports. Moreover, base station exports to the United States exceeded the volume sent to the second major destination, Bangladesh (X tons), threefold. Malaysia (X tons) ranked third in terms of total exports with an 8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States totaled -23.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bangladesh (+36.2% per year) and Malaysia (-18.4% per year).

In value terms, the United States ($X) remains the key foreign market for base stations exports from South Korea, comprising 49% of total exports. The second position in the ranking was taken by Bangladesh ($X), with an 11% share of total exports. It was followed by Malaysia, with a 5.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States amounted to -19.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bangladesh (+39.3% per year) and Malaysia (-18.4% per year).

Export Prices by Country

The average base station export price stood at $X per ton in 2021, which is down by -13.6% against the previous year. Over the period under review, export price indicated measured growth from 2012 to 2021: its price increased at an average annual rate of +2.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 when the average export price increased by 34% against the previous year. The export price peaked at $X per ton in 2020, and then dropped in the following year.

Prices varied noticeably country of destination: the country with the highest price was Australia ($X per ton), while the average price for exports to Malaysia ($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 (+6.4%), while the prices for the other major destinations experienced more modest paces of growth.

Base Station Imports

Imports into Republic of Korea

In 2021, the amount of base stations imported into South Korea fell to X tons, waning by -14.3% against the previous year. Over the period under review, imports saw a dramatic decline. The growth pace was the most rapid in 2015 when imports increased by 193% against the previous year. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, base station imports shrank dramatically to $X in 2021. In general, imports showed a sharp setback. The most prominent rate of growth was recorded in 2015 when imports increased by 211%. Imports peaked at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) was the main base station supplier to South Korea, with a 97% share of total imports. It was followed by Finland (X kg), with a 1.1% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to -26.6%.

In value terms, China ($X) constituted the largest supplier of base stations to South Korea, comprising 97% of total imports. The second position in the ranking was taken by Finland ($X), with a 0.7% share of total imports.

From 2012 to 2021, the average annual growth rate of value from China stood at -25.8%.

Import Prices by Country

The average base station import price stood at $X per ton in 2021, dropping by -11.4% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.8%. The growth pace was the most rapid in 2017 an increase of 11% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2020, and then reduced in the following year.

Prices varied noticeably country of origin: the country with the highest price was China ($X per ton), while the price for Finland totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Finland (+5.3%).

Source: IndexBox Platform

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