Republic of Korea: Particle Accelerator Market 2024

Particle Accelerator Market Size in Republic of Korea

The South Korean particle accelerator market declined to $X in 2021, waning by -13.3% against 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). In general, consumption saw a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market failed to regain momentum.

Particle Accelerator Exports

Exports from Republic of Korea

After two years of growth, shipments abroad of particle accelerators decreased by -88.5% to X units in 2021. In general, exports showed a abrupt shrinkage. The pace of growth was the most pronounced in 2019 when exports increased by 8,820% against the previous year. The exports peaked at X units in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

In value terms, particle accelerator exports declined rapidly to $X in 2021. Over the period under review, exports faced a significant contraction. The pace of growth appeared the most rapid in 2019 with an increase of 12,982% against the previous year. The exports peaked at $X in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Brazil (X units) was the main destination for particle accelerator exports from South Korea, accounting for a 70% share of total exports. Moreover, particle accelerator exports to Brazil exceeded the volume sent to the second major destination, Qatar (X units), sixfold. France (X units) ranked third in terms of total exports with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Brazil stood at +89.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Qatar (-18.8% per year) and France (-6.4% per year).

In value terms, Vietnam ($X) remains the key foreign market for particle accelerator exports from South Korea, comprising 63% of total exports. The second position in the ranking was held by Brazil ($X), with a 20% share of total exports. It was followed by Qatar, with a 3.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Vietnam amounted to +55.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (+85.1% per year) and Qatar (-11.8% per year).

Export Prices by Country

The average particle accelerator export price stood at $X per unit in 2021, shrinking by -24.5% against the previous year. In general, the export price recorded a noticeable shrinkage. The growth pace was the most rapid in 2017 when the average export price increased by 57%. Over the period under review, the average export prices reached the peak figure at $X per unit in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Vietnam ($X per unit), while the average price for exports to France ($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 Indonesia (+54.8%), while the prices for the other major destinations experienced more modest paces of growth.

Particle Accelerator Imports

Imports into Republic of Korea

Particle accelerator imports into South Korea reduced to X units in 2021, dropping by -10.7% compared with 2020 figures. Overall, imports recorded a mild descent. The pace of growth appeared the most rapid in 2013 when imports increased by 314%. As a result, imports attained the peak of X units. From 2014 to 2021, the growth of imports failed to regain momentum.

In value terms, particle accelerator imports declined markedly to $X in 2021. Over the period under review, imports recorded a slight shrinkage. The pace of growth was the most pronounced in 2013 with an increase of 264%. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Belgium (X units), Sweden (X units) and the Netherlands (X units) were the main suppliers of particle accelerator imports to South Korea, together accounting for 86% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Belgium (with a CAGR of +50.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X) constituted the largest supplier of particle accelerator to South Korea, comprising 46% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a 13% share of total imports. It was followed by Sweden, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Belgium amounted to +30.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+2.3% per year) and Sweden (-12.2% per year).

Import Prices by Country

The average particle accelerator import price stood at $X per unit in 2021, shrinking by -18% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 an increase of 75%. The import price peaked at $X per unit in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was China ($X per unit), while the price for Italy ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+8.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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