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TEMAX Reports

Text summary

Technical consumer goods market in Korea declined by - 3.2% in Q3 2018.

GfK TEMAX® results for the Korea, Q3 2018

Seoul, November, 2018 – In the third quarter of 2018, the technical consumer goods(TCG) market declined by -3.2%, compared to the same quarter in 2017. In Q3 2018 there was a large variance in sector growth ranging from -18.5% to + 9.9%. Two out of the seven TCG sectors in Korea –Small Domestic Appliances (SDA), Telecommunications(TEL) reported positive growth, and five other sectors showed negative growth. The TCG market in Korea generated revenue of ￦9.5 trillion in Q3 2018 and ￦9.8 trillion in Q3 2017.

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TEMAX Korea

+82 267 124 107

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Table summary

Korea Q3 2018

	Q4 2017 B. KRW	Q1 2018 B. KRW	Q2 2018 B. KRW	Q3 2018 B. KRW	Q3 2018 / Q3 2017 / +/- %	Q1-Q3 2018 B. KRW	Q1-Q3 2018 / Q1-Q3 2017 +/- %
Consumer Electronics (CE)	932	932	816	816	-11.8%	2,564	2.8%
Photography (PH)	134	134	131	131	-12.7%	397	-15.2%
Major Domestic Appliances (MDA)	2,191	2,191	1,426	1,426	-32.5%	5,043	-2.0%
Small Domestic Appliances (SDA)	1,175	1,175	1,442	1,442	14.9%	4,059	16.9%
Information Technology (IT)	1,475	1,475	1,975	1,975	34.6%	5,425	14.3%
Telecommunications (TC)	4,482	4,482	3,805	3,805	-1.4%	12,092	9.0%
Office Equipment & Consumables (OE)	60	60	68	68	15.6%	195	1.9%
GfK TEMAX ® South Korea	10,450	10,450	9,663	9,663	-1.7%	29,776	7.8%

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Economic data 2017

Korea

3.1

GDP growth in %
29,890

GDP per capita in USD
3.8

Unemployment rate in %
1.9

Inflation rate, avg. consumer prices in %
19,837,665

Number of households
N/A

Purchasing power per household in EUR

Data for GDP, unemployment and inflation rate by World Bank, IMF, ILO, National statistics portals; Data for number of households and purchasing power by GfK GeoMarketing; Updated: 5 May 2018

TEMAX Korea

+82 267 124 107