Republic of Korea - Metal Cutting Shears And Similar Hand Tools - Market Analysis, Forecast, Size, Trends And Insights
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View PricingMetal Cutting Shear Price in South Korea - 2022
Contents:
- Metal Cutting Shear Price in South Korea (CIF) - 2022
- Metal Cutting Shear Price in South Korea (FOB) - 2022
- Metal Cutting Shear Imports in South Korea
- Metal Cutting Shear Exports in South Korea
Metal Cutting Shear Price in South Korea (CIF) - 2022
The average metal cutting shear import price stood at $20,013 per ton in 2022, surging by 2.7% against the previous year. Overall, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of 21% against the previous year. The import price peaked at $21,912 per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Israel ($72,692 per ton), while the price for Pakistan ($4,516 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+6.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Metal Cutting Shear Price in South Korea (FOB) - 2022
In 2022, the average metal cutting shear export price amounted to $33,012 per ton, reducing by -6.5% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of 35% against the previous year. Over the period under review, the average export prices hit record highs at $35,662 per ton in 2012; however, from 2013 to 2022, the 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 Malaysia ($46,313 per ton), while the average price for exports to Costa Rica ($110 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 Venezuela (+13.1%), while the prices for the other major destinations experienced more modest paces of growth.
Metal Cutting Shear Imports in South Korea
In 2022, after three years of growth, there was significant decline in purchases abroad of metal cutting shears and similar hand tools, when their volume decreased by -12.6% to 121 tons. The total import volume increased at an average annual rate of +5.0% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 when imports increased by 18% against the previous year.
In value terms, metal cutting shear imports fell to $2.4M in 2022. The total import value increased at an average annual rate of +4.9% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 27%. As a result, imports reached the peak of $2.7M, and then contracted in the following year.
Import of Metal Cutting Shear in South Korea (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Japan | 605 | 594 | 795 | 910 | 14.6% |
United States | 497 | 426 | 396 | 328 | -12.9% |
Taiwan (Chinese) | 275 | 374 | 518 | 320 | 5.2% |
China | 309 | 334 | 385 | 302 | -0.8% |
Israel | 200 | 206 | 298 | 249 | 7.6% |
Costa Rica | N/A | N/A | 6.9 | 83.6 | 1111.6% |
Pakistan | 39.3 | 17.6 | 47.5 | 8.7 | -39.5% |
Others | 174 | 175 | 250 | 218 | 7.8% |
Total | 2,098 | 2,127 | 2,696 | 2,420 | 4.9% |
Top Suppliers of Metal Cutting Shear to South Korea in 2022:
- China (41.8 tons)
- Japan (33.7 tons)
- Taiwan (Chinese) (23.2 tons)
- United States (11.8 tons)
- Israel (3.4 tons)
- Costa Rica (2.2 tons)
- Pakistan (1.9 tons)
Metal Cutting Shear Exports in South Korea
In 2022, the amount of metal cutting shears and similar hand tools exported from South Korea reduced markedly to 9.8 tons, dropping by -17% against 2021 figures. Over the period under review, exports continue to indicate a deep downturn. The pace of growth appeared the most rapid in 2021 when exports increased by 27% against the previous year.
In value terms, metal cutting shear exports fell remarkably to $324K in 2022. In general, exports saw a deep setback. The most prominent rate of growth was recorded in 2021 when exports increased by 64% against the previous year. As a result, the exports reached the peak of $417K, and then declined sharply in the following year.
Export of Metal Cutting Shear in South Korea (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 82.6 | 125 | 82.8 | 102 | 7.3% |
Vietnam | 23.9 | 64.0 | 156 | 102 | 62.2% |
India | 2.7 | 7.7 | 0.8 | 21.0 | 98.1% |
Malaysia | 11.4 | 0.8 | 18.9 | 13.0 | 4.5% |
Indonesia | 4.8 | 5.4 | 15.2 | 7.4 | 15.5% |
Venezuela | N/A | N/A | N/A | 4.0 | 0% |
Philippines | 25.1 | 1.3 | 4.3 | 0.5 | -72.9% |
Costa Rica | N/A | N/A | N/A | 0.1 | 0% |
United Arab Emirates | 5.8 | 0.8 | 1.5 | N/A | -49.1% |
Ethiopia | N/A | 12.5 | N/A | N/A | 0% |
Iraq | 184 | 4.3 | 1.5 | N/A | -91.0% |
Others | 37.6 | 32.9 | 136 | 73.2 | 24.9% |
Total | 378 | 255 | 417 | 324 | -5.0% |
Top Export Markets for Metal Cutting Shear from South Korea in 2022:
- Philippines (undefined tons)
- United States (3.6 tons)
- Vietnam (3.2 tons)
- India (0.8 tons)
- Costa Rica (0.5 tons)
- Malaysia (0.3 tons)
- Indonesia (0.2 tons)
- Venezuela (0.2 tons)
This report provides an in-depth analysis of the metal cutting shear 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 25733023 - Metal cutting shears and similar hand tools
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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