Republic of Korea - Non-Electric Industrial Or Laboratory Furnaces And Ovens - Market Analysis, Forecast, Size, Trends And Insights
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View PricingNon-Electric Industrial Furnace Price in South Korea - 2022
Contents:
- Non-Electric Industrial Furnace Price in South Korea (FOB) - 2022
- Non-Electric Industrial Furnace Price in South Korea (CIF) - 2022
- Non-Electric Industrial Furnace Exports in South Korea
- Non-Electric Industrial Furnace Imports in South Korea
Non-Electric Industrial Furnace Price in South Korea (FOB) - 2022
The average non-electric industrial furnace export price stood at $361 per unit in 2022, declining by -6.3% against the previous year. Overall, the export price saw a pronounced slump. The pace of growth was the most pronounced in 2018 when the average export price increased by 17% against the previous year. As a result, the export price reached the peak level of $520 per unit. From 2019 to 2022, the average 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 Turkmenistan ($843 per unit), while the average price for exports to Indonesia ($136 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 India (+16.4%), while the prices for the other major destinations experienced more modest paces of growth.
Non-Electric Industrial Furnace Price in South Korea (CIF) - 2022
In 2022, the average non-electric industrial furnace import price amounted to $381 per unit, which is down by -33.2% against the previous year. Overall, the import price continues to indicate a noticeable decrease. The most prominent rate of growth was recorded in 2013 an increase of 42%. As a result, import price attained the peak level of $747 per unit. From 2014 to 2022, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($1,283 per unit), while the price for China ($186 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Luxembourg (-2.1%), while the prices for the other major suppliers experienced a decline.
Non-Electric Industrial Furnace Exports in South Korea
Non-electric industrial furnace exports from South Korea surged to 46K units in 2022, rising by 60% on the previous year. Overall, exports saw a relatively flat trend pattern. The exports peaked at 62K units in 2020; however, from 2021 to 2022, the exports remained at a lower figure.
In value terms, non-electric industrial furnace exports skyrocketed to $17M in 2022. In general, exports, however, recorded a abrupt decline. The exports peaked at $22M in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.
Export of Non-Electric Industrial Furnace in South Korea (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 4.4 | 2.3 | 1.0 | 3.9 | -3.9% |
Uzbekistan | 1.0 | 0.7 | 0.2 | 3.0 | 44.2% |
Philippines | N/A | N/A | 0.4 | 1.1 | 175.0% |
Russia | 0.2 | 1.6 | 0.9 | 1.0 | 71.0% |
Vietnam | 3.2 | 1.8 | 0.4 | 0.9 | -34.5% |
Morocco | 1.1 | 0.9 | 0.4 | 0.8 | -10.1% |
Brazil | 0.2 | 1.2 | 0.5 | 0.6 | 44.2% |
Indonesia | 0.2 | 3.2 | N/A | 0.6 | 44.2% |
Iraq | 1.4 | 3.4 | 1.0 | 0.6 | -24.6% |
Czech Republic | 0.6 | 0.7 | 0.4 | 0.5 | -5.9% |
India | 1.3 | 0.7 | 0.1 | 0.5 | -27.3% |
Spain | 0.2 | 0.3 | 0.2 | 0.3 | 14.5% |
Maldives | N/A | N/A | 3.1 | N/A | 0% |
Others | 7.5 | 5.7 | 2.5 | 3.0 | -26.3% |
Total | 21.5 | 22.3 | 11.1 | 16.7 | -8.1% |
Top Export Markets for Non-Electric Industrial Furnace from South Korea in 2022:
- Uzbekistan (7.4K units)
- Russia (6.5K units)
- China (5.2K units)
- Indonesia (4.1K units)
- Brazil (3.5K units)
- Morocco (3.1K units)
- Vietnam (2.3K units)
- Iraq (1.9K units)
- Philippines (1.8K units)
- Spain (1.6K units)
- Czech Republic (0.9K units)
- India (0.8K units)
Non-Electric Industrial Furnace Imports in South Korea
In 2022, supplies from abroad of non-electric industrial or laboratory furnaces and ovens was finally on the rise to reach 34K units for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, faced a abrupt decrease. Imports peaked at 50K units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, non-electric industrial furnace imports soared to $13M in 2022. Overall, imports, however, recorded a deep slump. Over the period under review, imports attained the peak figure at $18M in 2020; however, from 2021 to 2022, imports failed to regain momentum.
Import of Non-Electric Industrial Furnace in South Korea (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 7.5 | 9.4 | 2.1 | 4.3 | -16.9% |
Germany | 5.1 | 0.8 | 1.1 | 3.9 | -8.6% |
Japan | 0.2 | 3.0 | 1.1 | 2.9 | 143.8% |
Italy | 0.8 | 1.6 | 0.2 | 0.4 | -20.6% |
Luxembourg | 0.3 | 0.9 | 0.7 | 0.3 | 0.0% |
Others | 3.3 | 2.0 | 2.6 | 1.0 | -32.8% |
Total | 17.2 | 17.7 | 7.9 | 12.8 | -9.4% |
Top Suppliers of Non-Electric Industrial Furnace to South Korea in 2022:
- China (22.9K units)
- Germany (4.7K units)
- Japan (2.3K units)
- Italy (1.8K units)
- Luxembourg (0.6K units)
This report provides an in-depth analysis of the non-electric industrial furnace 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 28211270 - Industrial or laboratory furnaces and ovens, non-electric, i ncluding incinerators (excluding those for the roasting, m elting or other heat treatment of ores, pyrites or metals, b akery ovens, drying ovens and ovens for cracking operations)
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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