Republic of Korea - Fire Extinguishers - Market Analysis, Forecast, Size, Trends And Insights
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View PricingFire Extinguisher Price in South Korea - 2022
Contents:
- Fire Extinguisher Price in South Korea (FOB) - 2022
- Fire Extinguisher Price in South Korea (CIF) - 2022
- Fire Extinguisher Exports in South Korea
- Fire Extinguisher Imports in South Korea
Fire Extinguisher Price in South Korea (FOB) - 2022
The average fire extinguisher export price stood at $29 per unit in 2022, rising by 19% against the previous year. Over the period under review, export price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, fire extinguisher export price decreased by -24.2% against 2020 indices. The most prominent rate of growth was recorded in 2013 when the average export price increased by 49% against the previous year. Over the period under review, the average export prices attained the maximum at $39 per unit in 2020; however, from 2021 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 Taiwan (Chinese) ($42 per unit), while the average price for exports to Japan ($19 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 Taiwan (Chinese) (+3.5%), while the prices for the other major destinations experienced mixed trend patterns.
Fire Extinguisher Price in South Korea (CIF) - 2022
In December 2022, the average fire extinguisher import price amounted to $19.8 per unit, leveling off at the previous month. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in August 2022 when the average import price increased by 21% m-o-m. Over the period under review, average import prices reached the peak figure at $22.7 per unit in September 2022; however, from October 2022 to December 2022, 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 Malaysia ($21.0 per unit), while the price for China amounted to $12.2 per unit.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+0.6%).
Fire Extinguisher Exports in South Korea
In 2022, the amount of fire extinguishers exported from South Korea dropped markedly to 998K units, which is down by -24.8% against the previous year's figure. In general, exports, however, enjoyed a prominent increase. The pace of growth was the most pronounced in 2021 with an increase of 98%. As a result, the exports reached the peak of 1.3M units, and then dropped dramatically in the following year.
In value terms, fire extinguisher exports reduced to $29M in 2022. The total export value increased at an average annual rate of +5.8% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 26% against the previous year. As a result, the exports attained the peak of $33M, and then dropped in the following year.
Export of Fire Extinguisher in South Korea (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 15.4 | 15.2 | 17.3 | 16.2 | 1.7% |
Japan | 3.3 | 5.1 | 6.1 | 5.1 | 15.6% |
Philippines | 1.1 | 1.2 | 1.2 | 1.2 | 2.9% |
Others | 5.0 | 4.6 | 8.3 | 7.0 | 11.9% |
Total | 24.8 | 26.0 | 32.8 | 29.4 | 5.8% |
Top Export Markets for Fire Extinguisher from South Korea in 2022:
- China (641.9K units)
- Japan (261.0K units)
- Philippines (39.1K units)
Fire Extinguisher Imports in South Korea
In 2022, approx. 1.7M units of fire extinguishers were imported into South Korea; with a decrease of -1.9% against the previous year. Over the period under review, imports showed a deep setback. The pace of growth appeared the most rapid in 2021 when imports increased by 3.9%. Imports peaked at 2.3M units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, fire extinguisher imports shrank modestly to $29M in 2022. In general, imports recorded a deep reduction. The pace of growth was the most pronounced in 2021 with an increase of 1.3% against the previous year. Imports peaked at $35M in 2019; however, from 2020 to 2022, imports failed to regain momentum.
Import of Fire Extinguisher in South Korea (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 21.7 | 14.3 | 17.7 | 15.9 | -9.8% |
Malaysia | 1.3 | 1.5 | 1.0 | 1.1 | -5.4% |
Others | 11.5 | 12.9 | 10.3 | 11.8 | 0.9% |
Total | 34.5 | 28.6 | 29.0 | 28.8 | -5.8% |
Top Suppliers of Fire Extinguisher to South Korea in 2022:
- China (1553.4K units)
- Malaysia (62.0K units)
This report provides an in-depth analysis of the fire extinguisher 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 28292210 - Fire extinguishers
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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