Republic of Korea: Data Processing Server Market 2024

Data Processing Server Market Size in Republic of Korea

The South Korean data processing server market dropped to $X in 2022, reducing by -10.3% against the previous year. In general, consumption, however, continues to indicate a resilient increase. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Data Processing Server Production in Republic of Korea

In value terms, data processing server production contracted slightly to $X in 2022 estimated in export price. In general, production, however, posted a remarkable increase. The pace of growth appeared the most rapid in 2015 when the production volume increased by 69%. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Data Processing Server Exports

Exports from Republic of Korea

In 2022, approx. X units of data processing servers were exported from South Korea; dropping by -10.8% on the previous year. In general, exports, however, showed buoyant growth. The pace of growth was the most pronounced in 2013 when exports increased by 52% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2021, and then contracted in the following year.

In value terms, data processing server exports shrank to $X in 2022. Overall, total exports indicated tangible growth from 2012 to 2022: its value increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +5.0% against 2020 indices. The most prominent rate of growth was recorded in 2013 when exports increased by 73%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

China (X units) was the main destination for data processing server exports from South Korea, accounting for a 45% share of total exports. Moreover, data processing server exports to China exceeded the volume sent to the second major destination, Hong Kong SAR (X units), fourfold. The United States (X units) ranked third in terms of total exports with a 7.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to China amounted to +12.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (-0.9% per year) and the United States (-9.5% per year).

In value terms, China ($X), Singapore ($X) and the United States ($X) constituted the largest markets for data processing server exported from South Korea worldwide, together accounting for 48% of total exports. Vietnam, Japan, Hong Kong SAR, Taiwan (Chinese), Malaysia, the United Arab Emirates, the Philippines and Mongolia lagged somewhat behind, together accounting for a further 24%.

Vietnam, with a CAGR of +38.2%, 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

In 2022, the average data processing server export price amounted to $X per unit, with an increase of 7.1% against the previous year. In general, the export price, however, continues to indicate a deep contraction. The pace of growth appeared the most rapid in 2018 when the average export price increased by 18% against the previous year. Over the period under review, the average export prices reached the maximum at $X per unit in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($X per unit), while the average price for exports to Hong Kong SAR ($X 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 Singapore (+33.1%), while the prices for the other major destinations experienced more modest paces of growth.

Data Processing Server Imports

Imports into Republic of Korea

Data processing server imports into South Korea shrank to X units in 2022, with a decrease of -4% on the previous year. Overall, imports saw a mild setback. The most prominent rate of growth was recorded in 2017 with an increase of 16%. Imports peaked at X units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, data processing server imports fell to $X in 2022. Over the period under review, imports, however, continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2017 when imports increased by 37%. Over the period under review, imports attained the maximum at $X in 2021, and then reduced in the following year.

Imports by Country

In 2022, China (X units) was the main supplier of data processing server to South Korea, accounting for a 196% share of total imports. Moreover, data processing server imports from China exceeded the figures recorded by the second-largest supplier, Singapore (X units), twofold. The third position in this ranking was taken by the United States (X units), with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (+5.8% per year) and the United States (-1.2% per year).

In value terms, China ($X) constituted the largest supplier of data processing servers to South Korea, comprising 66% of total imports. The second position in the ranking was held by Singapore ($X), with a 26% share of total imports. It was followed by the United States, with an 11% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to +10.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (+8.3% per year) and the United States (+10.4% per year).

Import Prices by Country

The average data processing server import price stood at $X per unit in 2022, dropping by -9.8% against the previous year. Overall, the import price, however, showed prominent growth. The most prominent rate of growth was recorded in 2021 when the average import price increased by 26% against the previous year. As a result, import price reached the peak level of $X per unit, and then reduced in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+11.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :