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Republic of Korea - Mattocks, Picks, Hoes And Rakes - Market Analysis, Forecast, Size, Trends And Insights
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View PricingMattocks and Rakes Price in South Korea - 2022
Contents:
- Mattocks and Rakes Price in South Korea (CIF) - 2022
- Mattocks and Rakes Price in South Korea (FOB) - 2022
- Mattocks and Rakes Imports in South Korea
- Mattocks and Rakes Exports in South Korea
Mattocks and Rakes Price in South Korea (CIF) - 2022
The average mattocks and rakes import price stood at $3,242 per ton in December 2022, growing by 13% against the previous month. Overall, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in February 2022 when the average import price increased by 65% m-o-m. As a result, import price attained the peak level of $4,780 per ton. From March 2022 to December 2022, the average import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for China.
From December 2021 to December 2022, the rate of growth in terms of prices for China amounted to -0.3% per month.
Mattocks and Rakes Price in South Korea (FOB) - 2022
In 2022, the average mattocks and rakes export price amounted to $14,194 per ton, shrinking by -19.3% against the previous year. In general, the export price showed a pronounced decline. The pace of growth was the most pronounced in 2018 when the average export price increased by 344% against the previous year. Over the period under review, the average export prices reached the maximum at $21,704 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 the United States ($23,315 per ton), while the average price for exports to the UK ($4,730 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 Myanmar (+33.3%), while the prices for the other major destinations experienced more modest paces of growth.
Mattocks and Rakes Imports in South Korea
In 2022, after three years of growth, there was significant decline in supplies from abroad of mattocks, picks, hoes and rakes, when their volume decreased by -18.6% to 1.2K tons. Over the period under review, total imports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +8.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 26%.
In value terms, mattocks and rakes imports shrank markedly to $3.6M in 2022. Overall, imports, however, recorded a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 60%. As a result, imports attained the peak of $4.3M, and then dropped markedly in the following year.
Import of Mattocks and Rakes in South Korea (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 1.9 | 2.6 | 4.1 | 3.4 | 21.4% |
Others | 0.1 | 0.1 | 0.2 | 0.2 | 26.0% |
Total | 2.0 | 2.7 | 4.3 | 3.6 | 21.6% |
Top Suppliers of Mattocks and Rakes to South Korea in 2022:
- China (1148.6 tons)
Mattocks and Rakes Exports in South Korea
In 2022, overseas shipments of mattocks, picks, hoes and rakes decreased by -16.3% to 4.7 tons, falling for the second consecutive year after two years of growth. Overall, total exports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +6.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -29.0% against 2020 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 71%. As a result, the exports attained the peak of 6.6 tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, mattocks and rakes exports reduced notably to $67K in 2022. Over the period under review, exports continue to indicate a perceptible decline. The pace of growth was the most pronounced in 2020 with an increase of 54% against the previous year. As a result, the exports reached the peak of $118K. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
Export of Mattocks and Rakes in South Korea (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 70.2 | 97.2 | 79.4 | 26.6 | -27.6% |
Australia | 0.6 | 3.6 | 3.3 | 21.2 | 228.1% |
Canada | 2.4 | 3.0 | 2.8 | 13.0 | 75.6% |
United Kingdom | 0.4 | 6.3 | 1.8 | 1.7 | 62.0% |
Mongolia | N/A | N/A | N/A | 1.4 | 0% |
Germany | N/A | N/A | 5.9 | N/A | 0% |
Others | 2.7 | 7.5 | 5.6 | 2.8 | 1.2% |
Total | 76.3 | 118 | 98.9 | 66.7 | -4.4% |
Top Export Markets for Mattocks and Rakes from South Korea in 2022:
- Canada (1789.0 kg)
- United States (1143.0 kg)
- Australia (1079.0 kg)
- United Kingdom (352.0 kg)
- Mongolia (200.0 kg)
This report provides an in-depth analysis of the mattocks and rakes 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 25731030 - Mattocks, picks, hoes and rakes
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
-
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
-
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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