Republic of Korea: Telephone Apparatus Market 2025

Telephone Apparatus Market Size in Republic of Korea

After three years of decline, the South Korean telephone apparatus market increased by 129% to $X in 2022. Overall, consumption, however, recorded a mild shrinkage. Telephone apparatus consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Telephone Apparatus Exports

Exports from Republic of Korea

In 2022, after two years of growth, there was significant decline in overseas shipments of telephone apparatus, when their volume decreased by -16.6% to X tons. In general, exports continue to indicate a deep reduction. The pace of growth appeared the most rapid in 2020 with an increase of 108%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, telephone apparatus exports contracted to $X in 2022. Over the period under review, exports showed a pronounced reduction. The most prominent rate of growth was recorded in 2019 with an increase of 25%. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Vietnam (X tons) was the main destination for telephone apparatus exports from South Korea, with a 33% share of total exports. Moreover, telephone apparatus exports to Vietnam exceeded the volume sent to the second major destination, China (X tons), twofold. The third position in this ranking was taken by the United States (X tons), with a 6.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Vietnam totaled +23.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+3.5% per year) and the United States (-15.8% per year).

In value terms, Vietnam ($X) remains the key foreign market for telephone apparatus exports from South Korea, comprising 55% of total exports. The second position in the ranking was taken by China ($X), with a 14% share of total exports. It was followed by the United States, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Vietnam amounted to +34.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-1.1% per year) and the United States (-8.0% per year).

Export Prices by Country

The average telephone apparatus export price stood at $X per ton in 2021, with a decrease of -3.7% against the previous year. Overall, the export price, however, enjoyed a temperate expansion. The pace of growth was the most pronounced in 2019 an increase of 52%. As a result, the export price reached the peak level of $X per ton. From 2020 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per ton), while the average price for exports to Japan ($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 the United States (+9.3%), while the prices for the other major destinations experienced more modest paces of growth.

Telephone Apparatus Imports

Imports into Republic of Korea

In 2022, purchases abroad of telephone apparatus was finally on the rise to reach X tons for the first time since 2018, thus ending a three-year declining trend. Overall, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 when imports increased by 109%. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, telephone apparatus imports fell modestly to $X in 2022. In general, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of 28% against the previous year. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

Vietnam (X tons), China (X tons) and Indonesia (X tons) were the main suppliers of telephone apparatus imports to South Korea, with a combined 83% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Vietnam (with a CAGR of +49.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Vietnam ($X) and the United States ($X) appeared to be the largest telephone apparatus suppliers to South Korea, together accounting for 90% of total imports.

Vietnam, with a CAGR of +55.4%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average telephone apparatus import price amounted to $X per ton, increasing by 61% against the previous year. Over the period under review, the import price saw measured growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+4.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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