Republic of Korea - Goods Vehicles, With Spark-Ignition Internal Combustion Piston Engine - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPetroleum-Engine Cargo Trucks Price in South Korea - 2022
Contents:
- Petroleum-Engine Cargo Trucks Price in South Korea (CIF) - 2022
- Petroleum-Engine Cargo Trucks Price in South Korea (FOB) - 2022
- Petroleum-Engine Cargo Trucks Imports in South Korea
- Petroleum-Engine Cargo Trucks Exports in South Korea
Petroleum-Engine Cargo Trucks Price in South Korea (CIF) - 2022
In December 2022, the average petroleum-engine cargo trucks import price amounted to $32,551 per unit, increasing by 8.9% against the previous month. Overall, the import price, however, recorded a mild decline. The pace of growth was the most pronounced in February 2022 when the average import price increased by 35% against the previous month. As a result, import price reached the peak level of $44,116 per unit; afterwards, it flattened through to December 2022.
Average prices varied noticeably amongst the major supplying countries. In December 2022, the country with the highest price was China ($35,443 per unit), while the price for the United States totaled $32,387 per unit.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by the United States (-0.4%).
Petroleum-Engine Cargo Trucks Price in South Korea (FOB) - 2022
In 2022, the average petroleum-engine cargo trucks export price amounted to $24,103 per unit, jumping by 65% against the previous year. Overall, export price indicated a pronounced increase from 2012 to 2022: its price increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, petroleum-engine cargo trucks export price increased by +112.3% against 2017 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($475,096 per unit), while the average price for exports to Ghana ($3,635 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 Kuwait (+4.2%), while the prices for the other major destinations experienced more modest paces of growth.
Petroleum-Engine Cargo Trucks Imports in South Korea
In 2022, purchases abroad of goods vehicles, with spark-ignition internal combustion piston engine decreased by -11.9% to 4K units, falling for the second year in a row after two years of growth. Overall, imports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 173%. As a result, imports attained the peak of 5.4K units. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, petroleum-engine cargo trucks imports shrank remarkably to $133M in 2022. Over the period under review, imports, however, saw a significant expansion. The growth pace was the most rapid in 2020 with an increase of 180% against the previous year. As a result, imports reached the peak of $184M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
Import of Petroleum-Engine Cargo Trucks in South Korea (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 56.7 | 178 | 154 | 123 | 29.5% |
China | 8.1 | 4.2 | 10.2 | 6.4 | -7.6% |
Others | 1.0 | 1.9 | 2.6 | 3.9 | 57.4% |
Total | 65.8 | 184 | 167 | 133 | 26.4% |
Top Suppliers of Petroleum-Engine Cargo Trucks to South Korea in 2022:
- United States (3.8K units)
- China (0.1K units)
Petroleum-Engine Cargo Trucks Exports in South Korea
Petroleum-engine cargo trucks exports from South Korea soared to 1.4K units in 2022, jumping by 50% on 2021 figures. Over the period under review, exports, however, recorded a abrupt slump. The exports peaked at 2.2K units in 2020; however, from 2021 to 2022, the exports failed to regain momentum.
In value terms, petroleum-engine cargo trucks exports soared to $33M in 2022. In general, exports saw buoyant growth. The exports peaked at $45M in 2020; however, from 2021 to 2022, the exports failed to regain momentum.
Export of Petroleum-Engine Cargo Trucks in South Korea (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Germany | 0.6 | N/A | N/A | 14.7 | 190.4% |
Switzerland | N/A | 19.3 | 0.3 | 4.7 | -50.7% |
Iraq | N/A | 0.2 | 0.1 | 1.6 | 182.8% |
Kuwait | 1.0 | 1.4 | 0.4 | 1.5 | 14.5% |
Tajikistan | 0.3 | 0.5 | 0.4 | 1.3 | 63.0% |
Kyrgyzstan | 0.2 | 0.3 | 0.3 | 1.1 | 76.5% |
Guyana | N/A | N/A | 0.9 | 1.1 | 22.2% |
New Zealand | 2.4 | N/A | 0.6 | 0.6 | -37.0% |
Libya | 2.7 | 2.2 | 0.1 | 0.5 | -43.0% |
United Arab Emirates | 1.0 | 1.7 | 0.8 | 0.4 | -26.3% |
Oman | 0.5 | 1.9 | 1.1 | 0.4 | -7.2% |
Yemen | 1.5 | 1.8 | 1.2 | 0.4 | -35.6% |
Ghana | 0.2 | 0.2 | 0.2 | 0.1 | -20.6% |
Others | 17.5 | 15.7 | 6.8 | 4.5 | -36.4% |
Total | 27.8 | 45.2 | 13.3 | 32.8 | 5.7% |
Top Export Markets for Petroleum-Engine Cargo Trucks from South Korea in 2022:
- Tajikistan (361.0 units)
- Switzerland (233.0 units)
- Kyrgyzstan (181.0 units)
- Yemen (88.0 units)
- Iraq (75.0 units)
- Kuwait (67.0 units)
- United Arab Emirates (57.0 units)
- Guyana (49.0 units)
- Germany (31.0 units)
- Oman (25.0 units)
- Libya (24.0 units)
- Ghana (22.0 units)
- New Zealand (22.0 units)
This report provides an in-depth analysis of the petroleum-engine cargo trucks 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 29104200 - Goods vehicles, with spark-ignition internal combustion piston engine, other goods vehicles, new
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
This report provides an in-depth analysis of the petroleum-engine cargo trucks market in Republic of Korea.
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This report provides an in-depth analysis of the petroleum-engine cargo trucks market in Republic of Korea.
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This report provides an in-depth analysis of the off-highway dumper market in Republic of Korea.
This report provides an in-depth analysis of the global petroleum-engine cargo trucks market.
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