Republic of Korea: Helicopter Market 2022

Helicopter Market Size in Republic of Korea

The South Korean helicopter market dropped to $X in 2020, leveling off at the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption continues to indicate a pronounced contraction. The pace of growth was the most pronounced in 2016 when the market value increased by X% against the previous year. Over the period under review, the market reached the peak level at $X in 2009; however, from 2010 to 2020, consumption failed to regain the momentum.

Helicopter Exports

Exports from Republic of Korea

In 2020, shipments abroad of helicopters increased by X% to X units, rising for the fourth consecutive year after two years of decline. Overall, exports, however, saw a drastic downturn. The pace of growth appeared the most rapid in 2014 with an increase of X% y-o-y. Exports peaked at X units in 2007; however, from 2008 to 2020, exports remained at a lower figure.

In value terms, helicopter exports skyrocketed to $X in 2020. In general, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of X% year-to-year. As a result, exports attained the peak of $X. from 2015 to 2020, the growth exports remained at a lower figure.

Exports by Country

South Africa (X units) was the main destination for helicopter exports from South Korea, with a X% share of total exports. Moreover, helicopter exports to South Africa exceeded the volume sent to the second major destination, Mexico (X units), more than tenfold.

From 2007 to 2020, the average annual rate of growth in terms of volume to South Africa totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+X% per year) and Hong Kong SAR (-X% per year).

In value terms, South Africa ($X) emerged as the key foreign market for helicopter exports from South Korea, comprising X% of total exports. The second position in the ranking was occupied by Mexico ($X), with a X% share of total exports.

From 2007 to 2020, the average annual growth rate of value to South Africa totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+X% per year) and Hong Kong SAR (-X% per year).

Export Prices by Country

In 2020, the average helicopter export price amounted to $X per unit, reducing by -X% against the previous year. Over the period under review, the export price, however, posted prominent growth. The pace of growth appeared the most rapid in 2019 an increase of X% y-o-y. As a result, export price attained the peak level of $X per unit, and then shrank rapidly in the following year.

Prices varied noticeably by the country of destination; the country with the highest price was Hong Kong SAR ($X per unit), while the average price for exports to Mexico ($X per unit) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+X% per year), while the prices for the other major destinations experienced mixed trend patterns.

Helicopter Imports

Imports into Republic of Korea

In 2020, purchases abroad of helicopters increased by X% to X units, rising for the third consecutive year after three years of decline. Over the period under review, imports, however, continue to indicate a abrupt slump. The pace of growth appeared the most rapid in 2014 when imports increased by X% year-to-year. Over the period under review, imports reached the peak figure at X units in 2007; however, from 2008 to 2020, imports remained at a lower figure.

In value terms, helicopter imports skyrocketed to $X in 2020. Overall, imports, however, showed modest growth. The most prominent rate of growth was recorded in 2019 with an increase of X% year-to-year. Imports peaked in 2020 and are likely to continue growth in the near future.

Imports by Country

In 2020, France (X units) constituted the largest supplier of helicopter to South Korea, accounting for a X% share of total imports. Moreover, helicopter imports from France exceeded the figures recorded by the second-largest supplier, China (X units), ninefold.

From 2007 to 2020, the average annual rate of growth in terms of volume from France totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+X% per year) and Japan (-X% per year).

In value terms, France ($X) constituted the largest supplier of helicopter to South Korea, comprising X% of total imports. The second position in the ranking was occupied by Japan ($X), with a X% share of total imports.

From 2007 to 2020, the average annual growth rate of value from France stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-X% per year) and China (+X% per year).

Import Prices by Country

In 2020, the average helicopter import price amounted to $X per unit, growing by X% against the previous year. Over the period under review, the import price continues to indicate prominent growth. The pace of growth was the most pronounced in 2019 when the average import price increased by X% y-o-y. Over the period under review, average import prices reached the peak figure in 2020 and is expected to retain growth in the near future.

Prices varied noticeably by the country of origin; the country with the highest price was France ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Japan, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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