Republic of Korea: Electronic Material Tester Market 2025

Electronic Material Tester Market Size in Republic of Korea

The South Korean electronic material tester market soared to $X in 2021, rising by 35% against the previous year. Overall, the total consumption indicated mild growth from 2012 to 2021: its value increased at an average annual rate of +1.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +41.4% against 2019 indices. Electronic material tester consumption peaked at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Electronic Material Tester Production in Republic of Korea

In value terms, electronic material tester production surged to $X in 2021 estimated in export price. Overall, production, however, showed a abrupt decline. The most prominent rate of growth was recorded in 2017 when the production volume increased by 398% against the previous year. Electronic material tester production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Electronic Material Tester Exports

Exports from Republic of Korea

In 2021, after two years of decline, there was significant growth in overseas shipments of electronic machines and appliances for testing materials, when their volume increased by 21% to X units. Overall, exports, however, continue to indicate a pronounced setback. The most prominent rate of growth was recorded in 2015 when exports increased by 42% against the previous year. As a result, the exports attained the peak of X units. From 2016 to 2021, the growth of the exports remained at a lower figure.

In value terms, electronic material tester exports surged to $X in 2021. In general, exports, however, continue to indicate a mild curtailment. 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), Indonesia (X units) and Vietnam (X units) were the main destinations of electronic material tester exports from South Korea, together accounting for 65% of total exports. Japan, Brazil, Mexico, the United States, Slovenia and the Philippines lagged somewhat behind, together comprising a further 23%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Brazil (with a CAGR of +61.7%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for electronic material tester exported from South Korea were China ($X), Japan ($X) and Vietnam ($X), together comprising 68% of total exports. These countries were followed by Indonesia, Slovenia, Brazil, the United States, Mexico and the Philippines, which together accounted for a further 20%.

In terms of the main countries of destination, Brazil, with a CAGR of +58.2%, saw the highest rates of growth with regard to 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 electronic material tester export price amounted to $X per unit, increasing by 16% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.3%. The pace of growth was the most pronounced in 2016 an increase of 24% against the previous year. The export price peaked in 2021 and is likely to see gradual growth in years to come.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Japan ($X per unit), while the average price for exports to Mexico ($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 Slovenia (+20.0%), while the prices for the other major destinations experienced more modest paces of growth.

Electronic Material Tester Imports

Imports into Republic of Korea

In 2021, overseas purchases of electronic machines and appliances for testing materials increased by 27% to X units, rising for the second consecutive year after three years of decline. Overall, total imports indicated a tangible expansion from 2012 to 2021: its volume increased at an average annual rate of +3.6% 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 +37.9% against 2019 indices. The pace of growth was the most pronounced in 2015 when imports increased by 32% against the previous year. Over the period under review, imports attained the maximum at X units in 2016; however, from 2017 to 2021, imports failed to regain momentum.

In value terms, electronic material tester imports skyrocketed to $X in 2021. Over the period under review, total imports indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +5.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +59.0% against 2018 indices. The pace of growth appeared the most rapid in 2015 when imports increased by 46% against the previous year. Imports peaked in 2021 and are likely to continue growth in years to come.

Imports by Country

The United States (X units), Japan (X units) and China (X units) were the main suppliers of electronic material tester imports to South Korea, with a combined 80% share of total imports. Germany, the UK, Italy and France lagged somewhat behind, together comprising a further 16%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by France (with a CAGR of +68.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of electronic machines and appliances for testing materials to South Korea, comprising 44% of total imports. The second position in the ranking was taken by Japan ($X), with a 16% share of total imports. It was followed by Germany, with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States stood at +4.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+4.8% per year) and Germany (+4.0% per year).

Import Prices by Country

In 2021, the average electronic material tester import price amounted to $X per unit, increasing by 6.6% against the previous year. Over the last nine years, it increased at an average annual rate of +1.9%. The most prominent rate of growth was recorded in 2017 an increase of 26%. Over the period under review, average import prices reached the peak figure in 2021 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per unit), while the price for China ($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 (+4.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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