Republic of Korea - Electrical Insulating Fittings Of Plastics - Market Analysis, Forecast, Size, Trends and Insights
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View PricingElectrical Insulating Fittings Price in South Korea - 2022
Contents:
- Electrical Insulating Fittings Price in South Korea (FOB) - 2022
- Electrical Insulating Fittings Price in South Korea (CIF) - 2022
- Electrical Insulating Fittings Exports in South Korea
- Electrical Insulating Fittings Imports in South Korea
Electrical Insulating Fittings Price in South Korea (FOB) - 2022
The average electrical insulating fittings export price stood at $23,724 per ton in 2022, growing by 7.5% against the previous year. In general, the export price, however, continues to indicate a perceptible reduction. Over the period under review, the average export prices attained the maximum at $29,190 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
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 Slovakia ($39,116 per ton), while the average price for exports to the Philippines ($11,102 per ton) 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 (+9.0%), while the prices for the other major destinations experienced more modest paces of growth.
Electrical Insulating Fittings Price in South Korea (CIF) - 2022
The average electrical insulating fittings import price stood at $20,160 per ton in December 2022, which is down by -2.5% against the previous month. In general, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in September 2022 an increase of 20% m-o-m. As a result, import price reached the peak level of $24,841 per ton. From October 2022 to December 2022, the average import prices remained at a 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 Japan ($44,331 per ton), while the price for Vietnam ($15,003 per ton) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+3.7%), while the prices for the other major suppliers experienced a decline.
Electrical Insulating Fittings Exports in South Korea
After three years of growth, shipments abroad of electrical insulating fittings of plastics decreased by -1.7% to 8.2K tons in 2022. The total export volume increased at an average annual rate of +8.6% 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 17%. As a result, the exports attained the peak of 8.4K tons, and then dropped in the following year.
In value terms, electrical insulating fittings exports expanded sharply to $196M in 2022. The total export value increased at an average annual rate of +12.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 25% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to see steady growth in the immediate term.
Export of Electrical Insulating Fittings in South Korea (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 51.7 | 55.3 | 66.2 | 68.2 | 9.7% |
Vietnam | 28.5 | 30.1 | 31.7 | 37.5 | 9.6% |
India | 3.1 | 3.1 | 8.2 | 25.7 | 102.4% |
Thailand | 13.1 | 15.2 | 18.0 | 14.1 | 2.5% |
Indonesia | 6.4 | 6.6 | 7.8 | 7.4 | 5.0% |
Mexico | 4.3 | 5.7 | 8.7 | 5.8 | 10.5% |
United States | 7.4 | 3.2 | 2.8 | 4.2 | -17.2% |
Malaysia | 2.5 | 3.2 | 5.1 | 3.3 | 9.7% |
Philippines | 3.0 | 2.6 | 3.9 | 2.7 | -3.5% |
Saudi Arabia | 0.1 | 0.1 | 1.4 | 1.4 | 141.0% |
Brazil | 1.3 | 0.8 | 1.0 | 0.7 | -18.6% |
Others | 17.6 | 22.8 | 30.2 | 24.5 | 11.7% |
Total | 139 | 149 | 185 | 196 | 12.1% |
Top Export Markets for Electrical Insulating Fittings from South Korea in 2022:
- China (1961.8 tons)
- Vietnam (1723.1 tons)
- India (1245.5 tons)
- Thailand (980.6 tons)
- Indonesia (571.3 tons)
- Mexico (251.9 tons)
- Philippines (239.7 tons)
- Malaysia (173.7 tons)
- United States (171.5 tons)
- Saudi Arabia (126.2 tons)
- Brazil (81.4 tons)
Electrical Insulating Fittings Imports in South Korea
In 2022, purchases abroad of electrical insulating fittings of plastics decreased by -16.8% to 4.7K tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, total imports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +16.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +58.5% against 2019 indices. The growth pace was the most rapid in 2020 when imports increased by 43%.
In value terms, electrical insulating fittings imports reduced modestly to $103M in 2022. In general, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +17.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +60.5% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 34%. As a result, imports reached the peak of $107M, and then contracted slightly in the following year.
Import of Electrical Insulating Fittings in South Korea (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Vietnam | 23.5 | 28.5 | 42.6 | 43.1 | 22.4% |
China | 17.6 | 19.8 | 26.8 | 25.4 | 13.0% |
Japan | 6.3 | 5.9 | 5.8 | 5.5 | -4.4% |
Germany | 2.6 | 2.9 | 4.1 | 3.1 | 6.0% |
Others | 14.2 | 22.4 | 27.4 | 25.9 | 22.2% |
Total | 64.2 | 79.5 | 107 | 103 | 17.1% |
Top Suppliers of Electrical Insulating Fittings to South Korea in 2022:
- Vietnam (3241.6 tons)
- China (884.0 tons)
- Japan (91.2 tons)
- Germany (82.2 tons)
This report provides an in-depth analysis of the electrical insulating fittings 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 27331430 - Insulating fittings of plastic, for electrical machines, a ppliances or equipment (excluding electrical insulators)
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 electrical insulating fittings market in Republic of Korea.
This report provides an in-depth analysis of the insulating fittings market in Republic of Korea.
This report provides an in-depth analysis of the ceramic insulating fittings market in Republic of Korea.
This report provides an in-depth analysis of the global electrical insulating fittings market.
This report provides an in-depth analysis of the global insulating fittings market.
This report provides an in-depth analysis of the global ceramic insulating fittings market.
This report provides an in-depth analysis of the electrical insulating fittings market in Republic of Korea.
This report provides an in-depth analysis of the insulating fittings market in Republic of Korea.
This report provides an in-depth analysis of the ceramic insulating fittings market in Republic of Korea.
This report provides an in-depth analysis of the global electrical insulating fittings market.
Explore the top import markets for electrical insulating fittings in 2023. Learn about the key players driving the global demand for these essential components.
In value terms, electrical insulators of any material imports stood at $X in 2016. The total import value increased at an average annual rate of +X% over the period from 2007 to 2016; the trend p...
In value terms, electrical insulators of any material exports totaled $X in 2016. The total export value increased at an average annual rate of +X% from 2007 to 2016; however, the trend pattern r...
In 2016, the global electrical insulating fittings imports stood at X tons, descending by -X% against the previous year figure. In general, electrical insulating fittings imports continue to i...
In 2016, the global electrical insulating fittings imports stood at X tons, descending by -X% against the previous year figure. In general, electrical insulating fittings imports continue to i...
Germany continued its dominance in the global electrical insulating plastic fittings trade. In 2014, Germany exported X thousand tons of electrical insulating plastic fittings totaling X million USD, X% over the previous year. Its primary tradi
Explore the top import markets for electrical insulating fittings in 2023. Learn about the key players driving the global demand for these essential components.
In value terms, electrical insulators of any material imports stood at $X in 2016. The total import value increased at an average annual rate of +X% over the period from 2007 to 2016; the trend p...
In value terms, electrical insulators of any material exports totaled $X in 2016. The total export value increased at an average annual rate of +X% from 2007 to 2016; however, the trend pattern r...
In 2016, the global electrical insulating fittings imports stood at X tons, descending by -X% against the previous year figure. In general, electrical insulating fittings imports continue to i...