Republic of Korea - Lasers, Other Than Laser Diodes - Market Analysis, Forecast, Size, Trends and Insights
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View PricingLaser Price in South Korea - 2022
Contents:
- Laser Price in South Korea (FOB) - 2022
- Laser Price in South Korea (CIF) - 2022
- Laser Exports in South Korea
- Laser Imports in South Korea
Laser Price in South Korea (FOB) - 2022
The average laser export price stood at $721 per unit in 2022, which is down by -32.2% against the previous year. In general, the export price, however, continues to indicate a significant increase. The growth pace was the most rapid in 2020 when the average export price increased by 417% against the previous year. Over the period under review, the average export prices hit record highs at $1,064 per unit in 2021, and then shrank notably in the following year.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was China ($2,994 per unit), while the average price for exports to Vietnam ($46 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 (+40.5%), while the prices for the other major destinations experienced more modest paces of growth.
Laser Price in South Korea (CIF) - 2022
In December 2022, the average laser import price amounted to $127 per unit, picking up by 6% against the previous month. Over the period from December 2021 to December 2022, it increased at an average monthly rate of +1.2%. The growth pace was the most rapid in November 2022 an increase of 26% against the previous month. The import price peaked at $135 per unit in March 2022; however, from April 2022 to December 2022, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($191 per unit), while the price for China ($34.5 per unit) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by Japan (+3.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Laser Exports in South Korea
In 2022, shipments abroad of lasers, other than laser diodes increased by 79% to 2.3M units for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, saw a precipitous curtailment. Over the period under review, the exports reached the peak figure at 15M units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, laser exports skyrocketed to $1.7B in 2022. Overall, exports, however, saw a relatively flat trend pattern. The exports peaked at $2B in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.
| Export of Laser in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,555 | 1,787 | 1,279 | 1,287 | -6.1% |
| United States | 42.3 | 57.0 | 27.5 | 116 | 40.0% |
| Taiwan (Chinese) | 15.2 | 31.5 | 15.5 | 60.2 | 58.2% |
| Japan | 14.4 | 18.2 | 8.8 | 35.8 | 35.5% |
| Vietnam | 9.1 | 13.4 | 7.9 | 30.7 | 50.0% |
| Singapore | 16.7 | 11.6 | 3.5 | 22.4 | 10.3% |
| Hungary | 2.1 | 6.2 | 5.0 | 19.4 | 109.8% |
| Netherlands | 20.1 | 4.5 | 3.3 | 9.9 | -21.0% |
| Others | 20.2 | 22.6 | 16.3 | 78.3 | 57.1% |
| Total | 1,695 | 1,952 | 1,367 | 1,659 | -0.7% |
Top Export Markets for Laser from South Korea in 2022:
- Vietnam (661.9K units)
- United States (532.2K units)
- China (429.7K units)
- Taiwan (Chinese) (161.0K units)
- Hungary (121.0K units)
- Japan (96.2K units)
- Singapore (82.6K units)
- Netherlands (29.0K units)
Laser Imports in South Korea
Laser imports into South Korea contracted slightly to 5M units in 2022, reducing by -1.7% on the year before. Overall, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 3.6% against the previous year. As a result, imports reached the peak of 5.1M units, and then reduced in the following year.
In value terms, laser imports declined to $606M in 2022. The total import value increased at an average annual rate of +3.8% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when imports increased by 11% against the previous year. Over the period under review, imports reached the maximum at $609M in 2021, and then declined modestly in the following year.
| Import of Laser in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 194 | 193 | 210 | 166 | -5.1% |
| Japan | 63.6 | 98.2 | 112 | 150 | 33.1% |
| Germany | 182 | 174 | 155 | 122 | -12.5% |
| China | 16.4 | 26.6 | 33.6 | 44.8 | 39.8% |
| United Kingdom | 20.8 | 28.9 | 20.7 | 37.9 | 22.1% |
| Thailand | 11.1 | 19.5 | 20.1 | 23.6 | 28.6% |
| Finland | 3.1 | 6.1 | 6.3 | 8.0 | 37.2% |
| Others | 51.5 | 56.9 | 50.7 | 54.2 | 1.7% |
| Total | 542 | 604 | 609 | 606 | 3.8% |
Top Suppliers of Laser to South Korea in 2022:
- Germany (1464.4K units)
- United States (1161.2K units)
- China (785.5K units)
- Japan (768.7K units)
- United Kingdom (304.4K units)
- Thailand (115.8K units)
- Finland (92.3K units)
This report provides an in-depth analysis of the laser market in Republic of Korea. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 26702330 - Lasers (excluding laser diodes, machines and appliances incorporating lasers)
Country coverage:
- South Korea
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Republic of Korea
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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