Republic of Korea: Non-Medical X-Ray Market 2025

Non-Medical X-Ray Market Size in Republic of Korea

In 2021, the South Korean non-medical x-ray market decreased by -25.7% to $X, falling for the second consecutive year after two years of growth. Over the period under review, consumption saw a deep slump. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2021, consumption remained at a lower figure.

Non-Medical X-Ray Production in Republic of Korea

In value terms, non-medical x-ray production totaled $X in 2021 estimated in export price. Overall, production recorded a dramatic decline. The most prominent rate of growth was recorded in 2020 with a decrease of 99.9%. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Non-Medical X-Ray Exports

Exports from Republic of Korea

In 2021, exports of non-medical x-rays from South Korea surged to X tons, growing by 51% on 2020 figures. Over the period under review, exports recorded a strong increase. The pace of growth was the most pronounced in 2016 when exports increased by 128%. Over the period under review, the exports reached the maximum in 2021 and are expected to retain growth in years to come.

In value terms, non-medical x-ray exports skyrocketed to $X in 2021. Overall, exports showed a strong expansion. The most prominent rate of growth was recorded in 2016 when exports increased by 102%. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in the near future.

Exports by Country

China (X tons) was the main destination for non-medical x-ray exports from South Korea, with a 40% share of total exports. Moreover, non-medical x-ray exports to China exceeded the volume sent to the second major destination, Vietnam (X tons), twofold. Hungary (X tons) ranked third in terms of total exports with an 11% share.

From 2012 to 2021, the average annual growth rate of volume to China amounted to +20.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (+38.7% per year) and Hungary (+50.9% per year).

In value terms, China ($X) remains the key foreign market for non-medical x-rays exports from South Korea, comprising 44% of total exports. The second position in the ranking was taken by Vietnam ($X), with a 14% share of total exports. It was followed by Hungary, with a 10% share.

From 2012 to 2021, the average annual growth rate of value to China totaled +20.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (+34.4% per year) and Hungary (+46.9% per year).

Export Prices by Country

In 2021, the average non-medical x-ray export price amounted to $X per ton, rising by 2.5% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the average export price increased by 18%. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Hong Kong SAR ($X per ton), while the average price for exports to India ($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 Hong Kong SAR (+2.3%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Medical X-Ray Imports

Imports into Republic of Korea

In 2021, overseas purchases of non-medical x-rays increased by 3.8% to X tons, rising for the second consecutive year after two years of decline. The total import volume increased at an average annual rate of +3.2% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 with an increase of 23%. As a result, imports attained the peak of X tons. From 2015 to 2021, the growth of imports failed to regain momentum.

In value terms, non-medical x-ray imports surged to $X in 2021. The total import value increased at an average annual rate of +4.4% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Malaysia (X tons), Germany (X tons) and Japan (X tons) were the main suppliers of non-medical x-ray imports to South Korea, together comprising 72% of total imports. China, the United States, Singapore, the UK and the Netherlands lagged somewhat behind, together comprising a further 22%.

From 2012 to 2021, the biggest increases were recorded for Singapore (with a CAGR of +60.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest non-medical x-ray suppliers to South Korea were Japan ($X), the United States ($X) and Germany ($X), with a combined 75% share of total imports. Malaysia, China, the UK, the Netherlands and Singapore lagged somewhat behind, together comprising a further 14%.

Among the main suppliers, Singapore, with a CAGR of +58.8%, recorded 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 non-medical x-ray import price stood at $X per ton in 2021, increasing by 19% against the previous year. Overall, import price indicated a modest expansion from 2012 to 2021: its price increased at an average annual rate of +1.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 when the average import price increased by 38% against the previous year. The import price peaked at $X per ton in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was the United States ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+10.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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