Republic of Korea: Blow Lamp Market 2025

Blow Lamp Market Size in Republic of Korea

The South Korean blow lamp market surged to $X in 2022, jumping by 44% against the previous year. In general, consumption showed a buoyant expansion. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Blow Lamp Production in Republic of Korea

In value terms, blow lamp production soared to $X in 2022 estimated in export price. In general, production continues to indicate a strong expansion. The pace of growth was the most pronounced in 2020 with an increase of 191%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Blow Lamp Exports

Exports from Republic of Korea

In 2022, overseas shipments of blow lamps decreased by -27.9% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, exports, however, recorded a buoyant expansion. The pace of growth appeared the most rapid in 2013 with an increase of 341% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, blow lamp exports shrank to $X in 2022. In general, exports, however, saw a prominent expansion. The pace of growth appeared the most rapid in 2013 when exports increased by 340%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Sweden (X tons), Hong Kong SAR (X tons) and Thailand (X tons) were the main destinations of blow lamp exports from South Korea, with a combined 55% share of total exports. The UK, Australia, Russia, Vietnam, the United Arab Emirates, Germany, the Philippines, the United States, Mongolia and New Zealand lagged somewhat behind, together accounting for a further 33%.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +109.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X) emerged as the key foreign market for blow lamps exports from South Korea, comprising 31% of total exports. The second position in the ranking was taken by Hong Kong SAR ($X), with a 14% share of total exports. It was followed by Thailand, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Sweden totaled +31.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (+8.7% per year) and Thailand (+38.8% per year).

Export Prices by Country

In 2022, the average blow lamp export price amounted to $X per ton, picking up by 19% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +4.0%. The growth pace was the most rapid in 2014 an increase of 24% against the previous year. The export price peaked in 2022 and is likely to see steady growth in the near future.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to the Philippines ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+16.8%), while the prices for the other major destinations experienced more modest paces of growth.

Blow Lamp Imports

Imports into Republic of Korea

Blow lamp imports into South Korea skyrocketed to X tons in 2022, jumping by 87% on the previous year's figure. Over the period under review, imports showed significant growth. The most prominent rate of growth was recorded in 2016 when imports increased by 592% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, blow lamp imports surged to $X in 2022. In general, imports posted a significant expansion. The most prominent rate of growth was recorded in 2016 when imports increased by 297% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2022, China (X tons) was the main supplier of blow lamp to South Korea, accounting for a 95% share of total imports. It was followed by Vietnam (X tons), with a 2.5% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from China totaled +249.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+2.9% per year) and Japan (+10.7% per year).

In value terms, China ($X) constituted the largest supplier of blow lamps to South Korea, comprising 88% of total imports. The second position in the ranking was taken by Japan ($X), with a 5.9% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China stood at +219.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+6.5% per year) and Vietnam (-1.2% per year).

Import Prices by Country

In 2022, the average blow lamp import price amounted to $X per ton, declining by -30.9% against the previous year. Overall, the import price faced a deep reduction. The pace of growth was the most pronounced in 2017 when the average import price increased by 36%. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (-3.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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