Republic of Korea: Facsimile Machine Market 2022

Facsimile Machine Market Size in Republic of Korea

The South Korean facsimile machine market rose to $X in 2021, increasing by X% against the previous year. Over the period under review, consumption, however, saw a pronounced setback. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market failed to regain momentum.

Facsimile Machine Production in Republic of Korea

In value terms, facsimile machine production soared to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a deep downturn. The growth pace was the most rapid in 2018 with an increase of X%. Facsimile machine production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Facsimile Machine Exports

Exports from Republic of Korea

In 2021, overseas shipments of facsimile machines increased by X% to X tons for the first time since 2017, thus ending a three-year declining trend. Over the period under review, exports, however, saw a abrupt downturn. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, facsimile machine exports rose notably to $X in 2021. Overall, exports, however, showed a abrupt slump. The most prominent rate of growth was recorded in 2017 when exports increased by X%. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

China (X tons), the United States (X tons) and the Netherlands (X tons) were the main destinations of facsimile machine exports from South Korea, together accounting for X% of total exports. These countries were followed by the United Arab Emirates, India, Singapore, Japan, Russia, South Africa, Ukraine, Vietnam and Taiwan (Chinese), which together accounted for a further X 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by South Africa (with a CAGR of +X%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), China ($X) and the United Arab Emirates ($X) constituted the largest markets for facsimile machine exported from South Korea worldwide, with a combined X% share of total exports. These countries were followed by India, the Netherlands, Japan, Singapore, Ukraine, Vietnam, Russia, Taiwan (Chinese) and South Africa, which together accounted for a further X terms of the main countries of destination, Ukraine, with a CAGR of +X%, recorded 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

The average facsimile machine export price stood at $X per ton in 2021, with an increase of X% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of X%. As a result, the export price attained the peak level of $X per ton. From 2018 to 2021, the the average export prices remained at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was the United States ($X per ton), while the average price for exports to the Netherlands ($X per ton) was amongst the lowest.

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

Facsimile Machine Imports

Imports into Republic of Korea

In 2021, approx. X tons of facsimile machines were imported into South Korea; surging by X% against the previous year. Overall, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X%. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, facsimile machine imports stood at $X in 2021. Over the period under review, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) constituted the largest facsimile machine supplier to South Korea, accounting for a X% share of total imports. Moreover, facsimile machine imports from China exceeded the figures recorded by the second-largest supplier, Vietnam (X tons), threefold. Thailand (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+X% per year) and Thailand (+X% per year).

In value terms, China ($X) constituted the largest supplier of facsimile machine to South Korea, comprising X% of total imports. The second position in the ranking was held by Vietnam ($X), with a X% share of total imports. It was followed by Thailand, with a X% share.

From 2012 to 2021, the average annual growth rate of value from China stood at -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+X% per year) and Thailand (+X% per year).

Import Prices by Country

In 2021, the average facsimile machine import price amounted to $X per ton, leveling off at the previous year. In general, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 an increase of X%. Over the period under review, average import prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably countryorigin: the country with the highest price was Indonesia ($X per ton), while the price for Vietnam ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform