Republic of Korea: Market for Digital Data Processing Machines: Presented In The Form Of Systems 2025

Market Size for Digital Data Processing Machines: Presented In The Form Of Systems in Republic of Korea

The South Korean digital data processing machine market was finally on the rise to reach $X in 2021, after three years of decline. The market value increased at an average annual rate of +2.9% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Digital data processing machine consumption peaked in 2021 and is expected to retain growth in the immediate term.

Production of Digital Data Processing Machines: Presented In The Form Of Systems in Republic of Korea

In value terms, digital data processing machine production stood at $X in 2021 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the production volume increased by 52%. As a result, production reached the peak level of $X. From 2018 to 2021, production growth remained at a somewhat lower figure.

Exports of Digital Data Processing Machines: Presented In The Form Of Systems

Exports from Republic of Korea

In 2021, shipments abroad of digital data processing machines: presented in the form of systems decreased by -4.9% to X units, falling for the second consecutive year after two years of growth. Over the period under review, exports saw a deep slump. The most prominent rate of growth was recorded in 2018 when exports increased by 59% against the previous year. The exports peaked at X units in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, digital data processing machine exports declined to $X in 2021. In general, exports saw a perceptible downturn. The pace of growth appeared the most rapid in 2018 when exports increased by 38%. As a result, the exports attained the peak of $X. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Hong Kong SAR (X units), Japan (X units) and Uzbekistan (X units) were the main destinations of digital data processing machine exports from South Korea, together accounting for 52% of total exports.

From 2012 to 2021, the biggest increases were recorded for Hong Kong SAR (with a CAGR of +52.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for digital data processing machine exported from South Korea were Hong Kong SAR ($X), Japan ($X) and Uzbekistan ($X), with a combined 52% share of total exports.

Hong Kong SAR, with a CAGR of +65.8%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average digital data processing machine export price stood at $X per unit in 2021, dropping by -3.5% against the previous year. In general, the export price, however, showed a resilient expansion. The growth pace was the most rapid in 2017 when the average export price increased by 91% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2018 to 2021, the average export prices remained at a lower figure.

Average prices varied noticeably for the major overseas markets. In 2021, amid the top suppliers, the countries with the highest prices were Hong Kong SAR ($X per unit) and Japan ($X per unit), while the average price for exports to Turkey ($X per unit) and Russia ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (+9.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Digital Data Processing Machines: Presented In The Form Of Systems

Imports into Republic of Korea

In 2021, imports of digital data processing machines: presented in the form of systems into South Korea surged to X units, rising by 74% against 2020. Overall, imports continue to indicate strong growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, digital data processing machine imports surged to $X in 2021. In general, imports posted a resilient expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X units) constituted the largest digital data processing machine supplier to South Korea, accounting for a 70% share of total imports. Moreover, digital data processing machine imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), fivefold. The third position in this ranking was held by Taiwan (Chinese) (X units), with a 5.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +2.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+19.8% per year) and Taiwan (Chinese) (+27.9% per year).

In value terms, China ($X) constituted the largest supplier of digital data processing machines: presented in the form of systems to South Korea, comprising 60% of total imports. The second position in the ranking was held by the United States ($X), with a 20% share of total imports. It was followed by Taiwan (Chinese), with a 7.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +3.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+27.8% per year) and Taiwan (Chinese) (+36.4% per year).

Import Prices by Country

The average digital data processing machine import price stood at $X per unit in 2021, which is down by -2.1% against the previous year. Over the period under review, the import price, however, posted a moderate expansion. The pace of growth was the most pronounced in 2014 an increase of 46% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+6.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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