Republic of Korea - Handtools, Hydraulic Or With A Self-Contained Non-Electric Motor - Market Analysis, Forecast, Size, Trends And Insights
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View PricingNon-Electric Motor Handtools Price in South Korea - 2022
Contents:
- Non-Electric Motor Handtools Price in South Korea (CIF) - 2022
- Non-Electric Motor Handtools Price in South Korea (FOB) - 2022
- Non-Electric Motor Handtools Imports in South Korea
- Non-Electric Motor Handtools Exports in South Korea
Non-Electric Motor Handtools Price in South Korea (CIF) - 2022
In December 2022, the average non-electric motor handtools import price amounted to $232 per unit, reducing by -23.5% against the previous month. Over the period under review, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in February 2022 an increase of 47% against the previous month. The import price peaked at $303 per unit in November 2022, and then reduced markedly in the following month.
Prices varied noticeably by the country of origin: the country with the highest price was Germany ($789 per unit), while the price for Vietnam ($143 per unit) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by China (+2.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Non-Electric Motor Handtools Price in South Korea (FOB) - 2022
In 2022, the average non-electric motor handtools export price amounted to $257 per unit, declining by -3.1% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2019 an increase of 56% against the previous year. As a result, the export price attained the peak level of $405 per unit. From 2020 to 2022, the average export prices failed to regain momentum.
Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Peru ($258 per unit) and India ($258 per unit), while the average price for exports to Turkey ($258 per unit) and Germany ($258 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Myanmar (+16.8%), while the prices for the other major destinations experienced more modest paces of growth.
Non-Electric Motor Handtools Imports in South Korea
In 2022, supplies from abroad of handtools, hydraulic or with a self-contained non-electric motor decreased by -26.4% to 142K units, falling for the second consecutive year after two years of growth. Overall, total imports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +7.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -27.4% against 2020 indices. The pace of growth appeared the most rapid in 2020 when imports increased by 69% against the previous year. As a result, imports attained the peak of 195K units. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, non-electric motor handtools imports rose notably to $29M in 2022. The total import value increased at an average annual rate of +5.0% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2020 when imports increased by 14% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the immediate term.
| Import of Non-Electric Motor Handtools in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 8.7 | 10.2 | 9.1 | 8.9 | 0.8% |
| China | 5.5 | 5.8 | 7.1 | 6.7 | 6.8% |
| Germany | 1.8 | 2.3 | 2.4 | 3.1 | 19.9% |
| Thailand | 1.7 | 2.3 | 2.9 | 3.1 | 22.2% |
| United States | 1.7 | 1.6 | 1.6 | 2.2 | 9.0% |
| Sweden | 2.0 | 3.0 | 0.3 | 1.7 | -5.3% |
| Netherlands | 1.5 | 0.9 | 0.8 | 1.1 | -9.8% |
| Others | 1.8 | 2.5 | 2.5 | 1.9 | 1.8% |
| Total | 24.8 | 28.4 | 26.9 | 28.7 | 5.0% |
Top Suppliers of Non-Electric Motor Handtools to South Korea in 2022:
- Japan (43.9K units)
- China (33.2K units)
- Germany (15.3K units)
- Thailand (15.2K units)
- United States (10.7K units)
- Sweden (8.3K units)
- Netherlands (5.4K units)
Non-Electric Motor Handtools Exports in South Korea
In 2022, the amount of handtools, hydraulic or with a self-contained non-electric motor exported from South Korea surged to 20K units, increasing by 124% on the year before. Over the period under review, exports saw a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, non-electric motor handtools exports surged to $5.1M in 2022. Overall, exports posted a strong increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Non-Electric Motor Handtools in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Myanmar | 117 | N/A | 7.4 | 977 | 102.9% |
| Japan | 847 | 662 | 700 | 638 | -9.0% |
| United States | 173 | 301 | 200 | 602 | 51.5% |
| India | 274 | 53.8 | 42.1 | 565 | 27.3% |
| Mozambique | N/A | N/A | N/A | 426 | 0% |
| Vietnam | 724 | 281 | 188 | 377 | -19.5% |
| Saudi Arabia | 741 | 36.7 | 89.3 | 222 | -33.1% |
| Iran | N/A | N/A | N/A | 179 | 0% |
| Turkey | N/A | N/A | 0.3 | 115 | 38233.3% |
| China | 65.4 | 77.5 | 105 | 107 | 17.8% |
| Taiwan (Chinese) | 0.7 | 3.7 | 86.9 | 87.6 | 400.2% |
| Peru | 20.0 | 15.1 | 57.9 | 82.5 | 60.4% |
| Germany | 3.7 | 81.4 | 11.7 | 81.4 | 180.2% |
| Others | 1,345 | 1,477 | 844 | 609 | -23.2% |
| Total | 4,311 | 2,989 | 2,332 | 5,069 | 5.5% |
Top Export Markets for Non-Electric Motor Handtools from South Korea in 2022:
- Myanmar (3.8K units)
- Japan (2.5K units)
- United States (2.3K units)
- India (2.2K units)
- Mozambique (1.7K units)
- Vietnam (1.5K units)
- Saudi Arabia (0.9K units)
- Iran (0.7K units)
- Turkey (0.4K units)
- China (0.4K units)
- Taiwan (Chinese) (0.3K units)
- Peru (0.3K units)
- Germany (0.3K units)
This report provides an in-depth analysis of the non-electric motor handtools 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 28241280 - Handtools, hydraulic or with a self-contained non-electric motor (excluding chainsaws)
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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