Republic of Korea: Market for Gas and Smoke Analysers 2025

Market Size for Gas and Smoke Analysers in Republic of Korea

For the fifth consecutive year, the South Korean gas and smoke analyser market recorded growth in sales value, which increased by 20% to $X in 2021. In general, consumption continues to indicate buoyant growth. Over the period under review, the market reached the maximum level in 2021 and is likely to see gradual growth in the immediate term.

Production of Gas and Smoke Analysers in Republic of Korea

In value terms, gas and smoke analyser production fell significantly to $X in 2021 estimated in export price. Overall, production saw a pronounced curtailment. The most prominent rate of growth was recorded in 2013 when the production volume increased by 194%. As a result, production reached the peak level of $X. From 2014 to 2021, production growth remained at a somewhat lower figure.

Exports of Gas and Smoke Analysers

Exports from Republic of Korea

In 2021, after two years of decline, there was significant growth in overseas shipments of gas and smoke analysers, when their volume increased by 27% to X units. Overall, exports saw a remarkable increase. The pace of growth was the most pronounced in 2013 with an increase of 201% against the previous year. As a result, the exports reached the peak of X units. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, gas and smoke analyser exports skyrocketed to $X in 2021. In general, exports enjoyed a buoyant expansion. The pace of growth appeared the most rapid in 2013 with an increase of 164%. Over the period under review, the exports hit record highs at $X in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X units) was the main destination for gas and smoke analyser exports from South Korea, with a 23% share of total exports. Moreover, gas and smoke analyser exports to the United States exceeded the volume sent to the second major destination, India (X units), twofold. China (X units) ranked third in terms of total exports with a 9.7% share.

From 2012 to 2021, the average annual growth rate of volume to the United States amounted to +23.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+62.3% per year) and China (-1.1% per year).

In value terms, the largest markets for gas and smoke analyser exported from South Korea were the United States ($X), China ($X) and India ($X), together comprising 41% of total exports.

In terms of the main countries of destination, India, with a CAGR of +58.5%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average gas and smoke analyser export price amounted to $X per unit, picking up by 6% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the average export price increased by 15% against the previous year. Over the period under review, the average export prices reached the maximum at $X per unit in 2016; however, from 2017 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was the UK ($X per unit), while the average price for exports to Indonesia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+18.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Gas and Smoke Analysers

Imports into Republic of Korea

Gas and smoke analyser imports into South Korea soared to X units in 2021, jumping by 45% on 2020 figures. In general, imports saw significant growth. The pace of growth was the most pronounced in 2016 when imports increased by 89%. Imports peaked in 2021 and are expected to retain growth in the near future.

In value terms, gas and smoke analyser imports soared to $X in 2021. Over the period under review, 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

The United States (X units), Vietnam (X units) and the Czech Republic (X units) were the main suppliers of gas and smoke analyser imports to South Korea, with a combined 50% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Czech Republic (with a CAGR of +235.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest gas and smoke analyser suppliers to South Korea were Vietnam ($X), the United States ($X) and the Czech Republic ($X), together accounting for 39% of total imports.

In terms of the main suppliers, the Czech Republic, with a CAGR of +179.0%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average gas and smoke analyser import price amounted to $X per unit, picking up by 13% against the previous year. Over the period under review, the import price, however, saw a pronounced slump. The pace of growth appeared the most rapid in 2020 an increase of 14% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Germany ($X per unit), while the price for Switzerland ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+9.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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