Report Update Nov 1, 2024

Republic of Korea - Electronic Integrated Circuits and Microassemblies - Market Analysis, Forecast, Size, Trends and Insights

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Republic of Korea: Electronic Chip Market 2024

Electronic Chip Market Size in Republic of Korea

In 2021, after three years of growth, there was significant decline in the South Korean electronic chip market, when its value decreased by -46.3% to $X. Overall, consumption, however, recorded a perceptible expansion. Over the period under review, the market attained the peak level at $X in 2020, and then contracted significantly in the following year.

Electronic Chip Production in Republic of Korea

In value terms, electronic chip production dropped slightly to $X in 2021 estimated in export price. Overall, production, however, saw prominent growth. The most prominent rate of growth was recorded in 2013 with an increase of 74%. Electronic chip production peaked at $X in 2020, and then fell modestly in the following year.

Electronic Chip Exports

Exports from Republic of Korea

For the third year in a row, South Korea recorded growth in overseas shipments of electronic chips, which increased by 14% to X units in 2021. Overall, exports continue to indicate a remarkable increase. The growth pace was the most rapid in 2017 with an increase of 68% against the previous year. The exports peaked in 2021 and are likely to continue growth in the immediate term.

In value terms, electronic chip exports skyrocketed to $X in 2021. Over the period under review, exports posted resilient growth. The most prominent rate of growth was recorded in 2017 when exports increased by 65% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

China (X units), Hong Kong SAR (X units) and Vietnam (X units) were the main destinations of electronic chip exports from South Korea, together comprising 71% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Vietnam (with a CAGR of +43.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for electronic chip exported from South Korea were China ($X), Hong Kong SAR ($X) and Vietnam ($X), together comprising 77% of total exports.

Vietnam, with a CAGR of +22.0%, recorded the highest growth rate of the value of exports, among 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 electronic chip export price stood at $X per unit in 2021, picking up by 14% against the previous year. In general, the export price, however, saw a perceptible setback. The growth pace was the most rapid in 2018 an increase of 82%. The export price peaked at $X per unit in 2013; however, from 2014 to 2021, 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 Vietnam ($X per unit), while the average price for exports to the Philippines ($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 Japan (-1.8%), while the prices for the other major destinations experienced a decline.

Electronic Chip Imports

Imports into Republic of Korea

In 2021, overseas purchases of electronic chips increased by 29% to X units for the first time since 2017, thus ending a three-year declining trend. Over the period under review, imports, however, saw a abrupt slump. Imports peaked at X units in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, electronic chip imports soared to $X in 2021. Overall, total imports indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +5.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +80.7% against 2013 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X units), Taiwan (Chinese) (X units) and Malaysia (X units) were the main suppliers of electronic chip imports to South Korea, together accounting for 69% of total imports.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of -2.6%), while purchases for the other leaders experienced a decline.

In value terms, the largest electronic chip suppliers to South Korea were China ($X), Taiwan (Chinese) ($X) and Japan ($X), together accounting for 77% of total imports.

Among the main suppliers, China, with a CAGR of +19.1%, recorded the highest rates of growth with regard to 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

The average electronic chip import price stood at $X per unit in 2021, reducing by -3.3% against the previous year. Overall, the import price, however, posted a strong expansion. The pace of growth was the most pronounced in 2018 an increase of 38% against the previous year. The import price peaked at $X per unit in 2020, 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 Taiwan (Chinese) ($X per unit), while the price for Thailand ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+22.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for electronic chips in the world?

The countries with the highest volumes of electronic chip consumption in 2020 were Hong Kong SAR, China and Hungary, with a combined 45% share of global consumption. These countries were followed by Japan, Vietnam, Germany, the United States, France, Nigeria and Mexico, which together accounted for a further 24%.

What are the largest producers of electronic chips in the world?

The countries with the highest volumes of electronic chip production in 2020 were Taiwan Chinese), Singapore and Japan, with a combined 56% share of global production.

What are the leading suppliers of electronic chips to Republic of Korea?

In value terms, the largest electronic chip suppliers to South Korea were China, Taiwan Chinese) and Japan, with a combined 60% share of total imports.

What are the leading importers of electronic chips from Republic of Korea?

In value terms, the largest markets for electronic chip exported from South Korea were China, Hong Kong SAR and Vietnam, with a combined 79% share of total exports.

What is the average export price for electronic chips in Republic of Korea?

In 2020, the average electronic chip export price amounted to $1.7 per unit, with a decrease of -37% against the previous year.

What is the average import price for electronic chips in Republic of Korea?

The average electronic chip import price stood at $1 per unit in 2020, waning by -51.6% against the previous year.

This report provides an in-depth analysis of the electronic chip market in Republic of Korea. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 26113003 - Multichip integrated circuits: processors and controllers, w hether or not combined with memories, converters, logic circuits, amplifiers, clock and timing circuits, or other circuits
Prodcom 26113006 - Electronic integrated circuits (excluding multichip circuits): processors and controllers, whether or not combined with memories, converters, logic circuits, amplifiers, clock and timing circuits, or other circuits
Prodcom 26113023 - Multichip integrated circuits: memories
Prodcom 26113027 - Electronic integrated circuits (excluding multichip circuits): dynamic random-access memories (D-RAMs)
Prodcom 26113034 - Electronic integrated circuits (excluding multichip circuits): static random-access memories (S-RAMs), including cache random-access memories (cache-RAMs)
Prodcom 26113054 - Electronic integrated circuits (excluding multichip circuits): UV erasable, programmable, read only memories (EPROMs)
Prodcom 26113065 - Electronic integrated circuits (excluding multichip circuits): electrically erasable, programmable, read only memories (E.PROMs), including flash E.PROMs
Prodcom 26113067 - Electronic integrated circuits (excluding multichip circuits): other memories
Prodcom 26113080 - Electronic integrated circuits: amplifiers
Prodcom 26113091 - Other multichip integrated circuits n.e.c.
Prodcom 26113094 - Other electronic integrated circuits n.e.c.

Country coverage:

South Korea

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Republic of Korea
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023