Republic of Korea: X-Ray Tube Market 2025

X-Ray Tube Market Size in Republic of Korea

The South Korean x-ray tube market stood at $X in 2021, rising by 2.8% 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). Over the period under review, consumption recorded a relatively flat trend pattern. X-ray tube consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

X-Ray Tube Exports

Exports from Republic of Korea

In 2021, overseas shipments of x-ray tubes increased by 9% to X units, rising for the second consecutive year after two years of decline. Over the period under review, exports saw a significant expansion. The most prominent rate of growth was recorded in 2013 when exports increased by 97% against the previous year. Over the period under review, the exports hit record highs at X units in 2017; afterwards, it flattened through to 2021.

In value terms, x-ray tube exports contracted slightly to $X in 2021. Overall, exports enjoyed a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 141%. Over the period under review, the exports attained the maximum at $X in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

Exports by Country

The United States (X units) was the main destination for x-ray tube exports from South Korea, with a 41% share of total exports. Moreover, x-ray tube exports to the United States exceeded the volume sent to the second major destination, Germany (X units), threefold. India (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 the United States amounted to +29.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+53.6% per year) and India (+75.1% per year).

In value terms, Germany ($X) remains the key foreign market for x-ray tubes exports from South Korea, comprising 61% of total exports. The second position in the ranking was taken by Japan ($X), with an 11% share of total exports. It was followed by China, with a 7% share.

From 2012 to 2021, the average annual growth rate of value to Germany amounted to +51.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+15.7% per year) and China (+7.3% per year).

Export Prices by Country

In 2021, the average x-ray tube export price amounted to $X per unit, waning by -10.6% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 an increase of 36% against the previous year. The export price peaked at $X per unit in 2015; however, from 2016 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to France ($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 Japan (+1.1%), while the prices for the other major destinations experienced a decline.

X-Ray Tube Imports

Imports into Republic of Korea

X-ray tube imports into South Korea totaled X units in 2021, approximately equating 2020 figures. Overall, total imports indicated noticeable growth from 2012 to 2021: its volume increased at an average annual rate of +3.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -3.4% against 2019 indices. The most prominent rate of growth was recorded in 2017 with an increase of 16% against the previous year. Imports peaked at X units in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, x-ray tube imports rose sharply to $X in 2021. Over the period under review, total imports indicated a noticeable increase from 2012 to 2021: its value increased at an average annual rate of +3.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -5.0% against 2019 indices. The pace of growth was the most pronounced in 2016 with an increase of 25% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Japan (X units) constituted the largest x-ray tube supplier to South Korea, with a 55% share of total imports. Moreover, x-ray tube imports from Japan exceeded the figures recorded by the second-largest supplier, the United States (X units), fourfold. The third position in this ranking was held by Germany (X units), with an 11% share.

From 2012 to 2021, the average annual growth rate of volume from Japan totaled +6.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-2.8% per year) and Germany (-2.4% per year).

In value terms, the largest x-ray tube suppliers to South Korea were Germany ($X), Japan ($X) and the United States ($X), together accounting for 82% of total imports. China, Italy and India lagged somewhat behind, together accounting for a further 14%.

In terms of the main suppliers, Italy, with a CAGR of +14.7%, recorded the highest growth rate of 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

The average x-ray tube import price stood at $X per unit in 2021, surging by 5.1% against the previous year. In general, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average import price increased by 8.7% against the previous year. The import price peaked at $X per unit in 2017; however, from 2018 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per unit), while the price for Japan ($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 (+6.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :