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Republic of Korea - Concrete Or Mortar Mixers - Market Analysis, Forecast, Size, Trends And Insights
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View PricingConcrete Mixer Price in South Korea - 2022
Contents:
- Concrete Mixer Price in South Korea (CIF) - 2022
- Concrete Mixer Price in South Korea (FOB) - 2022
- Concrete Mixer Imports in South Korea
- Concrete Mixer Exports in South Korea
Concrete Mixer Price in South Korea (CIF) - 2022
In December 2022, the average concrete mixer import price amounted to $2,482 per unit, rising by 143% against the previous month. Overall, the import price saw strong growth. The import price peaked at $2,597 per unit in May 2022; afterwards, it flattened through to December 2022.
Prices varied noticeably by the country of origin: the country with the highest price was Germany ($3,237 per unit), while the price for China ($661 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 Taiwan (Chinese) (+29.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Concrete Mixer Price in South Korea (FOB) - 2022
In 2022, the average concrete mixer export price amounted to $652 per unit, waning by -2.8% against the previous year. Overall, export price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, concrete mixer export price decreased by -27.4% against 2019 indices. The most prominent rate of growth was recorded in 2019 an increase of 64% against the previous year. As a result, the export price attained the peak level of $898 per unit. From 2020 to 2022, the average export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Vietnam ($1,232 per unit), while the average price for exports to Algeria ($225 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 Ghana (+195.7%), while the prices for the other major destinations experienced more modest paces of growth.
Concrete Mixer Imports in South Korea
In 2022, overseas purchases of concrete or mortar mixers decreased by -26.6% to 4.2K units, falling for the second consecutive year after two years of growth. Over the period under review, imports saw a pronounced setback. The pace of growth appeared the most rapid in 2020 when imports increased by 103% against the previous year. As a result, imports reached the peak of 9.3K units. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, concrete mixer imports rose markedly to $4.4M in 2022. In general, imports, however, enjoyed a strong expansion. The growth pace was the most rapid in 2020 with an increase of 241%. As a result, imports reached the peak of $12M. From 2021 to 2022, the growth of imports remained at a lower figure.
Import of Concrete Mixer in South Korea (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 1,360 | 1,303 | 1,697 | 1,419 | 1.4% |
Germany | 668 | 4,097 | 426 | 1,108 | 18.4% |
Japan | 276 | 2,760 | 765 | 974 | 52.2% |
Italy | 265 | 453 | 0.5 | 640 | 34.2% |
Taiwan (Chinese) | 710 | 383 | 330 | 125 | -44.0% |
Russia | N/A | 65.1 | N/A | N/A | 0% |
Finland | N/A | 1,500 | 6.5 | N/A | -99.6% |
Others | 133 | 1,080 | 796 | 118 | -3.9% |
Total | 3,411 | 11,640 | 4,020 | 4,384 | 8.7% |
Top Suppliers of Concrete Mixer to South Korea in 2022:
- China (2378.0 units)
- Japan (662.0 units)
- Italy (578.0 units)
- Germany (342.0 units)
- Taiwan (Chinese) (219.0 units)
Concrete Mixer Exports in South Korea
In 2022, overseas shipments of concrete or mortar mixers were finally on the rise to reach 5.9K units for the first time since 2019, thus ending a two-year declining trend. Overall, exports saw resilient growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, concrete mixer exports soared to $3.9M in 2022. In general, exports, however, continue to indicate a abrupt downturn. Over the period under review, the exports reached the maximum at $4.5M in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
Export of Concrete Mixer in South Korea (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Iraq | N/A | N/A | 26.6 | 1,343 | 4948.9% |
United Arab Emirates | 0.7 | 522 | 6.8 | 1,202 | 1097.5% |
United States | 430 | 457 | 440 | 732 | 19.4% |
Philippines | 195 | 197 | 159 | 209 | 2.3% |
United Kingdom | 120 | 1.8 | N/A | 140 | 5.3% |
Chile | N/A | N/A | N/A | 103 | 0% |
Singapore | 123 | 93.7 | 12.1 | 39.3 | -31.6% |
Vietnam | 720 | 55.7 | 108 | 9.9 | -76.0% |
China | 2,359 | 20.5 | 3.4 | N/A | -96.2% |
Uzbekistan | 277 | N/A | N/A | N/A | 0% |
Solomon Islands | N/A | 344 | N/A | N/A | 0% |
Myanmar | N/A | N/A | 338 | N/A | 0% |
Bangladesh | 176 | N/A | 7.6 | N/A | -79.2% |
Others | 123 | 452 | 113 | 84.5 | -11.8% |
Total | 4,524 | 2,144 | 1,214 | 3,863 | -5.1% |
Top Export Markets for Concrete Mixer from South Korea in 2022:
- Iraq (2319.0 units)
- United Arab Emirates (2022.0 units)
- United States (1048.0 units)
- Philippines (179.0 units)
- Chile (118.0 units)
- United Kingdom (114.0 units)
- Singapore (37.0 units)
- Vietnam (8.0 units)
This report provides an in-depth analysis of the concrete mixer 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 28924050 - Concrete or mortar mixers
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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