Republic of Korea - Brushes Constituting Parts Of Appliances - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Appliance Part Brush in South Korea - 2022
Contents:
- Price for Appliance Part Brush in South Korea (CIF) - 2022
- Price for Appliance Part Brush in South Korea (FOB) - 2022
- Imports of Appliance Part Brush in South Korea
- Exports of Appliance Part Brush in South Korea
Price for Appliance Part Brush in South Korea (CIF) - 2022
The average appliance part brush import price stood at $8.5 per unit in December 2022, increasing by 38% against the previous month. In general, import price indicated a measured expansion from December 2021 to December 2022: its price increased at an average monthly rate of +3.7% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2022 figures, appliance part brush import price decreased by -29.1% against September 2022 indices. The pace of growth was the most pronounced in January 2022 an increase of 64% against the previous month. The import price peaked at $12.0 per unit in September 2022; however, from October 2022 to December 2022, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In December 2022, the country with the highest price was the United States ($40.1 per unit), while the price for China ($2.2 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 the United States (+10.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Appliance Part Brush in South Korea (FOB) - 2022
In 2022, the average appliance part brush export price amounted to $8.1 per unit, picking up by 2% against the previous year. In general, the export price posted prominent growth. The most prominent rate of growth was recorded in 2016 when the average export price increased by 66% against the previous year. As a result, the export price attained the peak level of $14 per unit. From 2017 to 2022, the average export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($23 per unit), while the average price for exports to Japan ($2.3 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 Malaysia (+11.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Appliance Part Brush in South Korea
In 2022, supplies from abroad of brushes constituting parts of appliances decreased by -14.1% to 2.9M units, falling for the second year in a row after two years of growth. Overall, imports recorded a pronounced downturn. The most prominent rate of growth was recorded in 2020 when imports increased by 7.5% against the previous year. As a result, imports reached the peak of 3.5M units. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, appliance part brush imports soared to $24M in 2022. The total import value increased at an average annual rate of +6.2% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
Import of Appliance Part Brush in South Korea (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 7.6 | 7.4 | 8.9 | 11.8 | 15.8% |
China | 6.0 | 7.5 | 4.8 | 4.4 | -9.8% |
Japan | 3.5 | 3.4 | 3.1 | 3.0 | -5.0% |
Vietnam | 0.3 | 0.4 | 1.5 | 2.4 | 100.0% |
Germany | 1.1 | 0.9 | 1.3 | 1.0 | -3.1% |
Italy | 0.4 | 0.4 | 0.3 | 0.5 | 7.7% |
Others | 0.9 | 1.2 | 0.5 | 0.6 | -12.6% |
Total | 19.8 | 21.1 | 20.5 | 23.7 | 6.2% |
Top Suppliers of Appliance Part Brush to South Korea in 2022:
- China (1732.0K units)
- United States (318.3K units)
- Vietnam (276.3K units)
- Japan (211.6K units)
- Germany (178.7K units)
- Italy (103.9K units)
Exports of Appliance Part Brush in South Korea
In 2022, overseas shipments of brushes constituting parts of appliances decreased by -18.5% to 1.8M units for the first time since 2018, thus ending a three-year rising trend. The total export volume increased at an average annual rate of +2.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 27% against the previous year. As a result, the exports reached the peak of 2.2M units, and then contracted markedly in the following year.
In value terms, appliance part brush exports reduced rapidly to $15M in 2022. The total export value increased at an average annual rate of +4.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 28%. As a result, the exports attained the peak of $18M, and then declined sharply in the following year.
Export of Appliance Part Brush in South Korea (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 5.3 | 6.1 | 7.5 | 6.0 | 4.2% |
United States | 0.9 | 0.9 | 1.4 | 2.0 | 30.5% |
Italy | 0.8 | 0.9 | 2.2 | 1.7 | 28.6% |
Japan | 1.7 | 1.6 | 1.7 | 1.3 | -8.6% |
Thailand | 0.6 | 0.7 | 0.9 | 0.9 | 14.5% |
Vietnam | 1.8 | 2.1 | 1.6 | 0.8 | -23.7% |
Mexico | 0.3 | 0.3 | 0.3 | 0.3 | 0.0% |
Malaysia | 0.2 | 0.2 | 0.3 | 0.3 | 14.5% |
Uzbekistan | 0.1 | N/A | 0.1 | 0.2 | 26.0% |
Others | 1.2 | 1.2 | 1.8 | 1.3 | 2.7% |
Total | 12.9 | 13.8 | 17.7 | 14.7 | 4.5% |
Top Export Markets for Appliance Part Brush from South Korea in 2022:
- Japan (590.1K units)
- China (588.2K units)
- Thailand (111.2K units)
- Vietnam (96.2K units)
- United States (87.6K units)
- Italy (71.3K units)
- Uzbekistan (56.9K units)
- Mexico (47.0K units)
- Malaysia (27.9K units)
This report provides an in-depth analysis of the appliance part brush 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 32911970 - Brushes constituting parts of machines, appliances or vehicles (excluding for road-sweepers)
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
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