Republic of Korea - Binoculars - Market Analysis, Forecast, Size, Trends And Insights
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View PricingBinocular Price in South Korea - 2022
Contents:
- Binocular Price in South Korea (CIF) - 2022
- Binocular Price in South Korea (FOB) - 2022
- Binocular Imports in South Korea
- Binocular Exports in South Korea
Binocular Price in South Korea (CIF) - 2022
The average binocular import price stood at $7.6 per unit in December 2022, with a decrease of -94.1% against the previous month. Overall, the import price saw a mild shrinkage. The most prominent rate of growth was recorded in October 2022 an increase of 306% against the previous month. The import price peaked at $129 per unit in November 2022, and then contracted markedly in the following month.
There were significant differences in the average prices amongst the major supplying countries. In December 2022, the country with the highest price was Japan ($26.1 per unit), while the price for China amounted to $6.0 per unit.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by China (+1.0%).
Binocular Price in South Korea (FOB) - 2022
The average binocular export price stood at $72 per unit in 2022, surging by 4.4% against the previous year. Over the period under review, the export price, however, showed a noticeable downturn. The most prominent rate of growth was recorded in 2017 an increase of 1,880%. Over the period under review, the average export prices reached the peak figure at $89 per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($133 per unit), while the average price for exports to France ($6.9 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 the United States (+2.0%), while the prices for the other major destinations experienced a decline.
Binocular Imports in South Korea
For the third year in a row, South Korea recorded decline in overseas purchases of binoculars, which decreased by -18.5% to 145K units in 2022. In general, imports recorded a abrupt curtailment. The smallest decline of -12.2% was in 2020. Imports peaked at 267K units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, binocular imports rose slightly to $3.5M in 2022. The total import value increased at an average annual rate of +7.7% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 when imports increased by 29% against the previous year. As a result, imports attained the peak of $3.7M. From 2021 to 2022, the growth of imports failed to regain momentum.
Import of Binocular in South Korea (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 604 | 1,207 | 426 | 1,035 | 19.7% |
China | 1,217 | 1,358 | 1,149 | 951 | -7.9% |
Israel | 558 | 5.1 | 849 | 702 | 8.0% |
Others | 455 | 1,088 | 1,008 | 858 | 23.5% |
Total | 2,834 | 3,658 | 3,432 | 3,545 | 7.7% |
Top Suppliers of Binocular to South Korea in 2022:
- China (131.2K units)
- Israel (5.6K units)
- United States (4.0K units)
Binocular Exports in South Korea
In 2022, the amount of binoculars exported from South Korea declined markedly to 11K units, falling by -40.2% against 2021. In general, exports showed a deep setback. The pace of growth appeared the most rapid in 2021 when exports increased by 139% against the previous year. As a result, the exports reached the peak of 18K units, and then dropped notably in the following year.
In value terms, binocular exports fell notably to $776K in 2022. Overall, exports recorded a perceptible decrease. The pace of growth appeared the most rapid in 2021 when exports increased by 301% against the previous year. As a result, the exports attained the peak of $1.2M, and then contracted significantly in the following year.
Export of Binocular in South Korea (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 534 | 178 | 819 | 505 | -1.8% |
Panama | 148 | 45.5 | 204 | 135 | -3.0% |
Vietnam | 3.0 | 47.9 | 88.1 | 49.5 | 154.6% |
Australia | 3.4 | 1.4 | 8.9 | 13.3 | 57.6% |
Denmark | 22.0 | 5.4 | 19.1 | 10.1 | -22.9% |
France | 9.9 | 3.4 | 15.6 | 8.6 | -4.6% |
Netherlands | 5.6 | 1.5 | 5.7 | 3.2 | -17.0% |
Belgium | 4.9 | 1.2 | 4.4 | 2.5 | -20.1% |
Ethiopia | N/A | 0.8 | N/A | N/A | 0% |
Others | 103 | 25.0 | 77.6 | 48.3 | -22.3% |
Total | 834 | 310 | 1,242 | 776 | -2.4% |
Top Export Markets for Binocular from South Korea in 2022:
- United States (3.8K units)
- Panama (2.2K units)
- France (1.2K units)
- Denmark (0.8K units)
- Vietnam (0.8K units)
- Australia (0.4K units)
- Netherlands (0.3K units)
- Belgium (0.3K units)
This report provides an in-depth analysis of the binocular 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 26702230 - Binoculars (including night vision binoculars)
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
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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
This report provides an in-depth analysis of the binocular market in Republic of Korea.
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This report provides an in-depth analysis of the global optical telescope market.
This report provides an in-depth analysis of the binocular market in Republic of Korea.
This report provides an in-depth analysis of the optical telescope market in Republic of Korea.
This report provides an in-depth analysis of the global binocular market.
This report provides an in-depth analysis of the global optical telescope market.
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