Republic of Korea: Vehicle Windscreen Wiper Market 2025

Vehicle Windscreen Wiper Market Size in Republic of Korea

In 2021, the South Korean vehicle windscreen wiper market decreased by -5% to $X for the first time since 2018, thus ending a two-year rising trend. Over the period under review, the total consumption indicated a mild increase from 2012 to 2021: its value increased at an average annual rate of +1.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -0.1% against 2017 indices. Over the period under review, the market reached the peak level at $X in 2020, and then contracted slightly in the following year.

Vehicle Windscreen Wiper Production in Republic of Korea

In value terms, vehicle windscreen wiper production contracted to $X in 2021 estimated in export price. In general, the total production indicated a mild increase from 2012 to 2021: its value increased at an average annual rate of +1.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -3.3% against 2017 indices. The most prominent rate of growth was recorded in 2017 when the production volume increased by 29%. Vehicle windscreen wiper production peaked at $X in 2020, and then dropped in the following year.

Vehicle Windscreen Wiper Exports

Exports from Republic of Korea

In 2021, the amount of windscreen wipers, defrosters and demisters for motorcycles or motor vehicles exported from South Korea dropped sharply to X units, declining by -71.8% compared with the previous year's figure. In general, exports showed a precipitous contraction. The growth pace was the most rapid in 2018 with an increase of 1.6%. Over the period under review, the exports attained the peak figure at X units in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, vehicle windscreen wiper exports shrank notably to $X in 2021. Over the period under review, exports faced a sharp slump. The smallest decline of -0.3% was in 2013. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Russia (X units), the United States (X units) and Mexico (X units) were the main destinations of vehicle windscreen wiper exports from South Korea, together comprising 53% of total exports. These countries were followed by the Netherlands, China, Uzbekistan, Malaysia, Japan, Vietnam, Hungary and Taiwan (Chinese), which together accounted for a further 37%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Uzbekistan (with a CAGR of +149.6%), while the other leaders experienced mixed trend patterns.

In value terms, the largest markets for vehicle windscreen wiper exported from South Korea were the United States ($X), Russia ($X) and Mexico ($X), with a combined 29% share of total exports. Uzbekistan, the Netherlands, China, Vietnam, Japan, Hungary, Malaysia and Taiwan (Chinese) lagged somewhat behind, together accounting for a further 23%.

Among the main countries of destination, Uzbekistan, with a CAGR of +122.4%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average vehicle windscreen wiper export price amounted to $X per unit, growing by 33% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.5%. Over the period under review, the average export prices reached the maximum at $X per unit in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Uzbekistan ($X per unit), while the average price for exports to Malaysia ($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 Vietnam (+10.2%), while the prices for the other major destinations experienced more modest paces of growth.

Vehicle Windscreen Wiper Imports

Imports into Republic of Korea

In 2021, overseas purchases of windscreen wipers, defrosters and demisters for motorcycles or motor vehicles decreased by -60.5% to X units, falling for the third year in a row after two years of growth. In general, imports saw a perceptible slump. The most prominent rate of growth was recorded in 2014 with an increase of 184% against the previous year. As a result, imports reached the peak of X units. From 2015 to 2021, the growth of imports remained at a lower figure.

In value terms, vehicle windscreen wiper imports soared to $X in 2021. Over the period under review, imports recorded a pronounced descent. The pace of growth appeared the most rapid in 2014 with an increase of 193%. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, China (X units) was the main vehicle windscreen wiper supplier to South Korea, with a 92% share of total imports. It was followed by Taiwan (Chinese) (X units), with a 2.9% share of total imports. The third position in this ranking was taken by Spain (X units), with a 1.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +3.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+7.4% per year) and Spain (-28.7% per year).

In value terms, China ($X) constituted the largest supplier of windscreen wipers, defrosters and demisters for motorcycles or motor vehicles to South Korea, comprising 19% of total imports. The second position in the ranking was taken by Spain ($X), with a 1.3% share of total imports. It was followed by Taiwan (Chinese), with a 0.9% share.

From 2012 to 2021, the average annual growth rate of value from China totaled -2.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (-30.4% per year) and Taiwan (Chinese) (-0.8% per year).

Import Prices by Country

The average vehicle windscreen wiper import price stood at $X per unit in 2021, jumping by 196% against the previous year. Over the period under review, the import price enjoyed a tangible expansion. The import price peaked at $X per unit in 2016; however, from 2017 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, 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 (+3.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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