Republic of Korea - Petrol And Oil Dispensing Pumps - Market Analysis, Forecast, Size, Trends And Insights
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View PricingOil Dispensing Pump Price in South Korea - 2022
Contents:
- Oil Dispensing Pump Price in South Korea (CIF) - 2022
- Oil Dispensing Pump Price in South Korea (FOB) - 2022
- Oil Dispensing Pump Imports in South Korea
- Oil Dispensing Pump Exports in South Korea
Oil Dispensing Pump Price in South Korea (CIF) - 2022
In December 2022, the average oil dispensing pump import price amounted to $4,663 per unit, picking up by 58% against the previous month. Over the period under review, the import price posted mild growth. The most prominent rate of growth was recorded in November 2022 an increase of 106% m-o-m. The import price peaked in December 2022.
There were significant differences in the average prices amongst the major supplying countries. In December 2022, the country with the highest price was Japan ($8,528 per unit), while the price for Singapore ($474 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 (+1.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Oil Dispensing Pump Price in South Korea (FOB) - 2022
In 2022, the average oil dispensing pump export price amounted to $1,038 per unit, declining by -39.7% against the previous year. Over the period under review, the export price recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2017 an increase of 31% against the previous year. As a result, the export price reached the peak level of $3,512 per unit. From 2018 to 2022, the average 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 Finland ($3,347 per unit), while the average price for exports to Vietnam ($820 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 Cambodia (+6.3%), while the prices for the other major destinations experienced mixed trend patterns.
Oil Dispensing Pump Imports in South Korea
In 2022, overseas purchases of petrol and oil dispensing pumps decreased by -48% to 2.7K units, falling for the second year in a row after two years of growth. In general, imports, however, showed a prominent increase. The growth pace was the most rapid in 2020 when imports increased by 138% against the previous year. As a result, imports reached the peak of 5.4K units. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, oil dispensing pump imports plummeted to $4.1M in 2022. Over the period under review, imports, however, posted a mild expansion. The growth pace was the most rapid in 2020 when imports increased by 131% against the previous year. As a result, imports reached the peak of $9.2M. From 2021 to 2022, the growth of imports failed to regain momentum.
Import of Oil Dispensing Pump in South Korea (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Germany | 1.1 | 1.0 | 1.0 | 2.1 | 24.1% |
China | 0.7 | 0.6 | 1.1 | 0.9 | 8.7% |
Japan | 0.8 | 0.7 | 2.1 | 0.5 | -14.5% |
United States | 0.8 | 0.2 | 0.2 | 0.3 | -27.9% |
Italy | N/A | N/A | 0.1 | 0.1 | 0.0% |
Denmark | 0.5 | 6.6 | 4.0 | 0.1 | -41.5% |
Others | 0.1 | 0.1 | 0.1 | 0.2 | 26.0% |
Total | 4.0 | 9.2 | 8.6 | 4.1 | 0.8% |
Top Suppliers of Oil Dispensing Pump to South Korea in 2022:
- Germany (1547.0 units)
- China (857.0 units)
- Japan (82.0 units)
- Italy (47.0 units)
- United States (33.0 units)
- Denmark (22.0 units)
Oil Dispensing Pump Exports in South Korea
In 2022, approx. 4K units of petrol and oil dispensing pumps were exported from South Korea; rising by 18% on the previous year's figure. Over the period under review, exports posted a prominent expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 122% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to see steady growth in the near future.
In value terms, oil dispensing pump exports declined notably to $4.2M in 2022. In general, exports, however, saw a drastic downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 47%. As a result, the exports reached the peak of $5.9M, and then shrank rapidly in the following year.
Export of Oil Dispensing Pump in South Korea (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Indonesia | 626 | 1,036 | 4,235 | 3,235 | 72.9% |
Finland | 243 | 138 | 297 | 305 | 7.9% |
Cambodia | 226 | 94.9 | 161 | 77.5 | -30.0% |
Vietnam | 490 | 100 | 74.5 | 45.9 | -54.6% |
Mongolia | 2,518 | 31.8 | 95.0 | 0.2 | -95.7% |
Morocco | 558 | 41.8 | N/A | N/A | -92.5% |
Oman | N/A | 1,835 | N/A | N/A | 0% |
Others | 720 | 713 | 1,009 | 495 | -11.7% |
Total | 5,381 | 3,990 | 5,871 | 4,158 | -8.2% |
Top Export Markets for Oil Dispensing Pump from South Korea in 2022:
- Indonesia (3521.0 units)
- Finland (91.0 units)
- Cambodia (68.0 units)
- Vietnam (56.0 units)
- Mongolia (1.0 units)
This report provides an in-depth analysis of the oil dispensing pump 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 28131105 - Petrol and oil dispensing pumps, unit
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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