Republic of Korea: Mounted Piezo-Electric Crystals Market 2025

Mounted Piezo-Electric Crystals Market Size in Republic of Korea

In 2021, the South Korean mounted piezo-electric crystals market increased by 97% to $X, rising for the third year in a row after three years of decline. In general, consumption continues to indicate strong growth. Over the period under review, the market attained the maximum level in 2021 and is likely to see gradual growth in the immediate term.

Mounted Piezo-Electric Crystals Exports

Exports from Republic of Korea

After two years of decline, overseas shipments of mounted piezo-electric crystals increased by 39% to X units in 2021. Over the period under review, exports, however, recorded a noticeable downturn. The most prominent rate of growth was recorded in 2013 when exports increased by 215%. As a result, the exports attained the peak of X units. From 2014 to 2021, the growth of the exports remained at a lower figure.

In value terms, mounted piezo-electric crystals exports skyrocketed to $X in 2021. In general, exports showed a prominent expansion. The most prominent rate of growth was recorded in 2013 when exports increased by 183%. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

China (X units), Vietnam (X units) and the United States (X units) were the main destinations of mounted piezo-electric crystals exports from South Korea, together comprising 56% of total exports. These countries were followed by Taiwan (Chinese), Hong Kong SAR, Indonesia, India, France, Brazil and Slovakia, which together accounted for a further 33%.

From 2012 to 2021, the biggest increases were in Taiwan (Chinese) (with a CAGR of +56.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for mounted piezo-electric crystals exported from South Korea were the United States ($X), Vietnam ($X) and China ($X), together comprising 64% of total exports. These countries were followed by Taiwan (Chinese), Hong Kong SAR, Indonesia, India, France, Slovakia and Brazil, which together accounted for a further 23%.

Taiwan (Chinese), with a CAGR of +36.8%, 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 mounted piezo-electric crystals export price stood at $X per unit in 2021, growing by 18% against the previous year. Overall, the export price saw strong growth. The growth pace was the most rapid in 2019 an increase of 112%. Over the period under review, the average export prices reached the maximum in 2021 and is likely to see steady growth in years to come.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was the United States ($X per unit), while the average price for exports to Indonesia ($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 France (+32.6%), while the prices for the other major destinations experienced more modest paces of growth.

Mounted Piezo-Electric Crystals Imports

Imports into Republic of Korea

In 2021, purchases abroad of mounted piezo-electric crystals increased by 66% to X units, rising for the second year in a row after four years of decline. Over the period under review, total imports indicated a measured increase from 2012 to 2021: its volume increased at an average annual rate of +3.2% 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 +123.6% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, mounted piezo-electric crystals imports soared to $X in 2021. In general, total imports indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +6.7% 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 +119.6% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X units), Singapore (X units) and Japan (X units) were the main suppliers of mounted piezo-electric crystals imports to South Korea, together comprising 84% of total imports. Taiwan (Chinese), Germany, Austria and Thailand lagged somewhat behind, together comprising a further 12%.

From 2012 to 2021, the biggest increases were in Austria (with a CAGR of +150.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest mounted piezo-electric crystals suppliers to South Korea were Singapore ($X), Japan ($X) and China ($X), together accounting for 80% of total imports. Germany, Taiwan (Chinese), Austria and Thailand lagged somewhat behind, together accounting for a further 14%.

In terms of the main suppliers, Austria, with a CAGR of +139.5%, saw 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

The average mounted piezo-electric crystals import price stood at $X per unit in 2021, picking up by 11% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.4%. The most prominent rate of growth was recorded in 2016 when the average import price increased by 12% against the previous year. The import price peaked at $X per unit in 2019; however, from 2020 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+14.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :