Republic of Korea: X-Ray Apparatus Market 2025

X-Ray Apparatus Market Size in Republic of Korea

The South Korean x-ray apparatus market declined notably to $X in 2022, with a decrease of -15.7% against the previous year. Over the period under review, consumption, however, enjoyed a prominent expansion. X-ray apparatus consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

X-Ray Apparatus Production in Republic of Korea

In value terms, x-ray apparatus production amounted to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a strong expansion. The pace of growth was the most pronounced in 2014 when the production volume increased by 68%. Over the period under review, production attained the maximum level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

X-Ray Apparatus Exports

Exports from Republic of Korea

In 2022, overseas shipments of x-ray apparatus decreased by -12.7% to X units for the first time since 2015, thus ending a six-year rising trend. Overall, exports, however, continue to indicate a remarkable increase. The pace of growth was the most pronounced in 2021 with an increase of 81%. As a result, the exports reached the peak of X units, and then reduced in the following year.

In value terms, x-ray apparatus exports reduced to $X in 2022. Over the period under review, exports, however, posted a resilient increase. The growth pace was the most rapid in 2017 when exports increased by 25%. Over the period under review, the exports hit record highs at $X in 2021, and then declined in the following year.

Exports by Country

The United States (X units) was the main destination for x-ray apparatus exports from South Korea, with a 25% share of total exports. Moreover, x-ray apparatus exports to the United States exceeded the volume sent to the second major destination, Russia (X units), threefold. France (X units) ranked third in terms of total exports with an 8.1% share.

From 2012 to 2022, the average annual growth rate of volume to the United States totaled +20.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (+27.5% per year) and France (+27.6% per year).

In value terms, the largest markets for x-ray apparatus exported from South Korea were China ($X), the United States ($X) and Russia ($X), together accounting for 36% of total exports. France, Japan, Germany, Vietnam, Ukraine, Thailand, Turkey, Brazil and India lagged somewhat behind, together accounting for a further 29%.

Ukraine, with a CAGR of +25.2%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average x-ray apparatus export price stood at $X per unit in 2022, increasing by 3.2% against the previous year. In general, the export price, however, recorded a drastic downturn. The most prominent rate of growth was recorded in 2014 when the average export price increased by 19% against the previous year. The export price peaked at $X per unit in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per unit), while the average price for exports to Brazil ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+5.4%), while the prices for the other major destinations experienced more modest paces of growth.

X-Ray Apparatus Imports

Imports into Republic of Korea

In 2022, approx. X units of x-ray apparatus were imported into South Korea; rising by 17% against the previous year's figure. The total import volume increased at an average annual rate of +1.4% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2019 with an increase of 25%. Over the period under review, imports hit record highs at X units in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, x-ray apparatus imports expanded to $X in 2022. The total import value increased at an average annual rate of +3.6% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 when imports increased by 14%. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Germany (X units), China (X units) and Japan (X units) were the main suppliers of x-ray apparatus imports to South Korea, together accounting for 53% of total imports. The United States, Malaysia, the Netherlands, Brazil, India, the Czech Republic, Mexico, Israel, France and the UK lagged somewhat behind, together accounting for a further 39%.

From 2012 to 2022, the biggest increases were recorded for Brazil (with a CAGR of +75.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest x-ray apparatus suppliers to South Korea were Germany ($X), Japan ($X) and the United States ($X), together comprising 66% of total imports. China, the Netherlands, Israel, Malaysia, the Czech Republic, the UK, Mexico, France, India and Brazil lagged somewhat behind, together accounting for a further 30%.

In terms of the main suppliers, Brazil, with a CAGR of +177.4%, saw the highest rates of growth with regard to 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

In 2022, the average x-ray apparatus import price amounted to $X per unit, falling by -11.6% against the previous year. Over the last decade, it increased at an average annual rate of +2.2%. The most prominent rate of growth was recorded in 2021 when the average import price increased by 15% against the previous year. Over the period under review, average import prices attained the peak figure at $X per unit in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($X per unit), while the price for Brazil ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+58.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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