Republic of Korea: Disc Pick-Up Cartridge Market 2024

Disc Pick-Up Cartridge Market Size in Republic of Korea

The South Korean disc pick-up cartridge market contracted significantly to $X in 2021, shrinking by -57.1% 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 showed a deep downturn. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Disc Pick-Up Cartridge Exports

Exports from Republic of Korea

In 2021, exports of pick-up cartridges for discs or mechanically recorded sound films from South Korea skyrocketed to X units, picking up by 25% on 2020 figures. Overall, exports, however, showed a abrupt curtailment. The growth pace was the most rapid in 2020 with an increase of 420%. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, disc pick-up cartridge exports soared to $X in 2021. Over the period under review, exports posted resilient growth. The most prominent rate of growth was recorded in 2015 with an increase of 4,292%. As a result, the exports reached the peak of $X. From 2016 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

The UK (X units) was the main destination for disc pick-up cartridge exports from South Korea, accounting for a 29% share of total exports. Moreover, disc pick-up cartridge exports to the UK exceeded the volume sent to the second major destination, Germany (X units), twofold. Poland (X units) ranked third in terms of total exports with a 9.6% share.

From 2012 to 2021, the average annual growth rate of volume to the UK totaled -2.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+6.4% per year) and Poland (+3,700.0% per year).

In value terms, the UK ($X) emerged as the key foreign market for pick-up cartridges for discs or mechanically recorded sound films exports from South Korea, comprising 30% of total exports. The second position in the ranking was held by Poland ($X), with a 12% share of total exports. It was followed by China, with a 12% share.

From 2012 to 2021, the average annual growth rate of value to the UK amounted to +30.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+2,903.1% per year) and China (-8.1% per year).

Export Prices by Country

The average disc pick-up cartridge export price stood at $X per unit in 2021, picking up by 6.8% against the previous year. In general, the export price showed significant growth. The pace of growth was the most pronounced in 2015 an increase of 1,870%. The export price peaked at $X per unit in 2016; however, from 2017 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was China ($X per unit), while the average price for exports to Belgium ($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 Russia (+41.4%), while the prices for the other major destinations experienced more modest paces of growth.

Disc Pick-Up Cartridge Imports

Imports into Republic of Korea

In 2021, the amount of pick-up cartridges for discs or mechanically recorded sound films imported into South Korea declined dramatically to X units, falling by -54.1% against 2020 figures. Over the period under review, imports, however, enjoyed a resilient increase. The pace of growth appeared the most rapid in 2014 when imports increased by 152%. Over the period under review, imports hit record highs at X units in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, disc pick-up cartridge imports reduced sharply to $X in 2021. In general, imports, however, posted resilient growth. The most prominent rate of growth was recorded in 2016 when imports increased by 102%. Over the period under review, imports hit record highs at $X in 2020, and then dropped dramatically in the following year.

Imports by Country

Hong Kong SAR (X units), India (X units) and Japan (X units) were the main suppliers of disc pick-up cartridge imports to South Korea, together comprising 35% of total imports.

From 2012 to 2021, the biggest increases were recorded for India (with a CAGR of +42.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X) constituted the largest supplier of pick-up cartridges for discs or mechanically recorded sound films to South Korea, comprising 38% of total imports. The second position in the ranking was taken by Denmark ($X), with a 14% share of total imports. It was followed by Australia, with a 6.1% share.

From 2012 to 2021, the average annual growth rate of value from Japan amounted to +9.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (+8.5% per year) and Australia (-57.7% per year).

Import Prices by Country

The average disc pick-up cartridge import price stood at $X per unit in 2021, rising by 57% against the previous year. In general, the import price showed a perceptible increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+50.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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