Republic of Korea - Hammers And Sledge Hammers With Working Part Of Metal - Market Analysis, Forecast, Size, Trends And Insights
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View PricingMetal Hammer Price in South Korea - 2022
Contents:
- Metal Hammer Price in South Korea (CIF) - 2022
- Metal Hammer Price in South Korea (FOB) - 2022
- Metal Hammer Imports in South Korea
- Metal Hammer Exports in South Korea
Metal Hammer Price in South Korea (CIF) - 2022
The average metal hammer import price stood at $5,571 per ton in December 2022, surging by 42% against the previous month. Overall, import price indicated noticeable growth from December 2021 to December 2022: its price increased at an average monthly rate of +3.6% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2022 figures, metal hammer import price increased by +41.5% against November 2022 indices. The growth pace was the most rapid in August 2022 an increase of 95% against the previous month. As a result, import price attained the peak level of $6,048 per ton. From September 2022 to December 2022, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Japan ($10,250 per ton), while the price for China totaled $3,851 per ton.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by China (+2.8%).
Metal Hammer Price in South Korea (FOB) - 2022
In 2022, the average metal hammer export price amounted to $6,934 per ton, waning by -22.9% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average export price increased by 56% against the previous year. Over the period under review, the average export prices reached the maximum at $9,722 per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($12,789 per ton), while the average price for exports to Nigeria ($5,173 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 Netherlands (+23.4%), while the prices for the other major destinations experienced more modest paces of growth.
Metal Hammer Imports in South Korea
In 2022, after three years of growth, there was significant decline in overseas purchases of hammers and sledge hammers with working part of metal, when their volume decreased by -25.8% to 1.7K tons. In general, imports continue to indicate a perceptible setback. The most prominent rate of growth was recorded in 2020 with an increase of 9.9%.
In value terms, metal hammer imports contracted slightly to $7.4M in 2022. The total import value increased at an average annual rate of +10.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 30% against the previous year. As a result, imports reached the peak of $7.6M, and then declined in the following year.
Import of Metal Hammer in South Korea (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 3.0 | 4.1 | 5.5 | 4.8 | 17.0% |
Japan | 1.8 | 0.9 | 1.3 | 1.6 | -3.9% |
Others | 0.6 | 0.9 | 0.8 | 1.0 | 18.6% |
Total | 5.4 | 5.8 | 7.6 | 7.4 | 11.1% |
Top Suppliers of Metal Hammer to South Korea in 2022:
- China (1477.6 tons)
- Japan (151.0 tons)
Metal Hammer Exports in South Korea
In 2022, exports of hammers and sledge hammers with working part of metal from South Korea surged to 100 tons, picking up by 532% on 2021 figures. In general, exports enjoyed a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, metal hammer exports skyrocketed to $694K in 2022. Over the period under review, exports saw significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
Export of Metal Hammer in South Korea (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Cuba | N/A | N/A | N/A | 485 | 0% |
Japan | 0.4 | 0.3 | 0.7 | 49.6 | 398.7% |
Malaysia | 5.2 | 4.1 | 18.7 | 44.9 | 105.2% |
United States | 5.4 | 7.0 | 15.7 | 31.1 | 79.2% |
Vietnam | 9.3 | 5.2 | 7.8 | 15.3 | 18.1% |
Nigeria | 2.9 | N/A | 8.3 | 9.6 | 49.0% |
Singapore | 21.7 | N/A | 0.2 | 3.0 | -48.3% |
United Arab Emirates | 24.7 | 28.5 | 3.4 | 0.1 | -84.1% |
Kuwait | 55.5 | 0.7 | N/A | N/A | -98.7% |
Others | 42.7 | 37.2 | 87.6 | 55.7 | 9.3% |
Total | 168 | 83.1 | 142 | 694 | 60.5% |
Top Export Markets for Metal Hammer from South Korea in 2022:
- United Arab Emirates (undefined tons)
- Cuba (78.5 tons)
- Japan (5.3 tons)
- Malaysia (4.9 tons)
- Vietnam (2.6 tons)
- United States (2.4 tons)
- Nigeria (1.8 tons)
- Singapore (0.4 tons)
This report provides an in-depth analysis of the metal hammer 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 25733055 - Hammers and sledge hammers with working part of metal
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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