Price for Automatic Circuit Breakers for Under 1000 V in South Korea - 2022
Contents:
- Price for Automatic Circuit Breakers for Under 1000 V in South Korea (FOB) - 2022
- Price for Automatic Circuit Breakers for Under 1000 V in South Korea (CIF) - 2022
- Exports of Automatic Circuit Breakers for Under 1000 V in South Korea
- Imports of Automatic Circuit Breakers for Under 1000 V in South Korea
Price for Automatic Circuit Breakers for Under 1000 V in South Korea (FOB) - 2022
In 2022, the average export price for automatic circuit breakers for under 1000 v amounted to $8.7 per unit, shrinking by -11.1% against the previous year. Over the last decade, it increased at an average annual rate of +1.3%. The most prominent rate of growth was recorded in 2017 when the average export price increased by 15% against the previous year. The export price peaked at $9.8 per unit in 2021, and then reduced in the following year.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was China ($19 per unit), while the average price for exports to Pakistan ($0.9 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 China (+6.9%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Automatic Circuit Breakers for Under 1000 V in South Korea (CIF) - 2022
In December 2022, the average import price for automatic circuit breakers for under 1000 v amounted to $33.4 per unit, shrinking by -6.5% against the previous month. In general, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in February 2022 when the average import price increased by 45% against the previous month. As a result, import price attained the peak level of $44.7 per unit. From March 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 the United States ($25.6 per unit), while the price for Vietnam ($4.8 per unit) was amongst the lowest.
From January 2022 to December 2022, the most notable rate of growth in terms of prices was attained by the United States (+3.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Automatic Circuit Breakers for Under 1000 V in South Korea
In 2022, exports of automatic circuit breakers for under 1000 v from South Korea skyrocketed to 20M units, rising by 38% on the previous year's figure. Overall, total exports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +10.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +58.3% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of automatic circuit breakers for under 1000 v skyrocketed to $178M in 2022. The total export value increased at an average annual rate of +9.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
Export of Automatic Circuit Breakers for Under 1000 V in South Korea (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Vietnam | 24.3 | 27.5 | 24.8 | 26.5 | 2.9% |
United States | 5.3 | 9.1 | 18.1 | 23.9 | 65.2% |
Russia | 13.1 | 9.9 | 14.0 | 17.8 | 10.8% |
China | 14.0 | 13.6 | 13.9 | 17.0 | 6.7% |
Saudi Arabia | 1.3 | 3.4 | 6.0 | 10.6 | 101.3% |
Netherlands | 6.5 | 6.0 | 7.1 | 10.0 | 15.4% |
United Arab Emirates | 4.2 | 5.1 | 3.2 | 8.1 | 24.5% |
Malaysia | 4.6 | 2.3 | 3.3 | 7.8 | 19.2% |
Japan | 6.4 | 5.2 | 4.9 | 6.4 | 0.0% |
Spain | 2.9 | 3.3 | 3.9 | 6.0 | 27.4% |
Turkey | 6.8 | 3.9 | 6.8 | 5.8 | -5.2% |
Iraq | 5.0 | 5.7 | 2.9 | 2.3 | -22.8% |
Pakistan | 0.9 | 0.9 | 1.0 | 0.5 | -17.8% |
Others | 39.2 | 27.5 | 34.6 | 35.0 | -3.7% |
Total | 135 | 123 | 145 | 178 | 9.7% |
Top Export Markets for Automatic Circuit Breakers for Under 1000 V from South Korea in 2022:
- Vietnam (3.8M units)
- United States (2.1M units)
- Russia (2.1M units)
- United Arab Emirates (1.3M units)
- Saudi Arabia (1.2M units)
- Netherlands (0.9M units)
- China (0.9M units)
- Malaysia (0.8M units)
- Spain (0.8M units)
- Turkey (0.7M units)
- Japan (0.6M units)
- Iraq (0.6M units)
- Pakistan (0.5M units)
Imports of Automatic Circuit Breakers for Under 1000 V in South Korea
In 2022, after three years of growth, there was significant decline in overseas purchases of automatic circuit breakers for under 1000 v, when their volume decreased by -12.2% to 7.9M units. The total import volume increased at an average annual rate of +2.6% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 20%. As a result, imports attained the peak of 8.9M units, and then fell in the following year.
In value terms, imports of automatic circuit breakers for under 1000 v fell to $93M in 2022. The total import value increased at an average annual rate of +7.1% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 19% against the previous year. As a result, imports reached the peak of $98M, and then fell in the following year.
Import of Automatic Circuit Breakers for Under 1000 V in South Korea (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 14.0 | 15.7 | 23.7 | 27.2 | 24.8% |
Japan | 11.1 | 16.2 | 19.0 | 19.8 | 21.3% |
United States | 23.7 | 19.8 | 16.5 | 9.6 | -26.0% |
Italy | 5.5 | 5.9 | 6.9 | 8.5 | 15.6% |
Vietnam | 2.7 | 3.3 | 3.9 | 4.2 | 15.9% |
India | 3.3 | 3.5 | 5.2 | 3.4 | 1.0% |
Thailand | 2.3 | 2.2 | 4.5 | 3.1 | 10.5% |
Others | 12.8 | 15.8 | 18.3 | 17.0 | 9.9% |
Total | 75.5 | 82.3 | 97.9 | 92.7 | 7.1% |
Top Suppliers of Automatic Circuit Breakers for Under 1000 V to South Korea in 2022:
- China (3464.1K units)
- Japan (1359.9K units)
- Vietnam (986.7K units)
- India (395.0K units)
- Italy (388.6K units)
- Thailand (306.1K units)
- United States (268.8K units)
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