Price for Casting Machines; of A Kind Used in Metallurgy or in Metal Foundries in South Korea - 2022
Contents:
- Price for Casting Machines; of A Kind Used in Metallurgy or in Metal Foundries in South Korea (CIF) - 2022
- Price for Casting Machines; of A Kind Used in Metallurgy or in Metal Foundries in South Korea (FOB) - 2022
- Imports of Casting Machines; of A Kind Used in Metallurgy or in Metal Foundries in South Korea
- Exports of Casting Machines; of A Kind Used in Metallurgy or in Metal Foundries in South Korea
Price for Casting Machines; of A Kind Used in Metallurgy or in Metal Foundries in South Korea (CIF) - 2022
The average import price for casting machines; of a kind used in metallurgy or in metal foundrieses stood at $33,717 per unit in 2022, picking up by 4% against the previous year. Overall, the import price, however, continues to indicate a perceptible slump. The growth pace was the most rapid in 2014 when the average import price increased by 18% against the previous year. Over the period under review, average import prices hit record highs at $44,266 per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($59,345 per unit), while the price for Taiwan (Chinese) ($10,674 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+5.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Casting Machines; of A Kind Used in Metallurgy or in Metal Foundries in South Korea (FOB) - 2022
In December 2022, the average export price for casting machines; of a kind used in metallurgy or in metal foundrieses amounted to $53,289 per unit, remaining stable against the previous month. Overall, the export price, however, recorded a mild setback. The growth pace was the most rapid in October 2022 when the average export price increased by less than 0.1% month-to-month. The export price peaked at $62,720 per unit in December 2021; afterwards, it flattened through to December 2022.
As there is only one major export destination, the average price level is determined by prices for India.
From December 2021 to December 2022, the rate of growth in terms of prices for China amounted to +0.0% per month.
Imports of Casting Machines; of A Kind Used in Metallurgy or in Metal Foundries in South Korea
In 2022, the amount of casting machines; of a kind used in metallurgy or in metal foundrieses imported into South Korea contracted rapidly to 1.1K units, waning by -36% on 2021. In general, imports saw a slight decline. The most prominent rate of growth was recorded in 2021 when imports increased by 83% against the previous year. As a result, imports reached the peak of 1.7K units, and then shrank notably in the following year.
In value terms, imports of casting machines; of a kind used in metallurgy or in metal foundrieses dropped significantly to $37M in 2022. Overall, imports, however, continue to indicate a perceptible expansion. The growth pace was the most rapid in 2021 with an increase of 98% against the previous year. As a result, imports attained the peak of $55M, and then dropped dramatically in the following year.
| Import of Casting Machines; of A Kind Used in Metallurgy or in Metal Foundries in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 18.1 | 21.2 | 35.6 | 21.4 | 5.7% |
| China | 6.3 | 2.1 | 7.0 | 6.6 | 1.6% |
| United States | N/A | 0.1 | 1.8 | 5.7 | 655.0% |
| Bulgaria | 2.8 | 2.2 | 5.4 | 1.5 | -18.8% |
| Taiwan (Chinese) | N/A | 0.1 | 0.1 | 0.2 | 41.4% |
| Austria | 1.1 | 0.6 | 0.1 | N/A | -69.8% |
| Others | 5.4 | 1.8 | 5.4 | 1.5 | -34.8% |
| Total | 33.6 | 28.0 | 55.4 | 36.9 | 3.2% |
Top Suppliers of Casting Machines; of A Kind Used in Metallurgy or in Metal Foundries to South Korea in 2022:
- Japan (689.0 units)
- China (187.0 units)
- United States (96.0 units)
- Bulgaria (85.0 units)
- Taiwan (Chinese) (19.0 units)
Exports of Casting Machines; of A Kind Used in Metallurgy or in Metal Foundries in South Korea
In 2022, exports of casting machines; of a kind used in metallurgy or in metal foundrieses from South Korea shrank rapidly to 147 units, reducing by -64.8% on the previous year's figure. Over the period under review, exports continue to indicate a sharp slump. The most prominent rate of growth was recorded in 2021 with an increase of 24%. The exports peaked at 678 units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, exports of casting machines; of a kind used in metallurgy or in metal foundrieses dropped rapidly to $7.5M in 2022. Overall, exports faced a dramatic descent. The growth pace was the most rapid in 2021 when exports increased by 28%. Over the period under review, the exports of attained the peak figure at $36M in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
| Export of Casting Machines; of A Kind Used in Metallurgy or in Metal Foundries in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 8.9 | 3.5 | 2.2 | 2.8 | -32.0% |
| India | 2.4 | 1.1 | 1.2 | 2.0 | -5.9% |
| China | 2.5 | 0.2 | 4.1 | 1.1 | -23.9% |
| Thailand | 0.1 | 0.5 | 0.1 | 0.5 | 71.0% |
| United States | 3.0 | 1.5 | 1.0 | 0.4 | -48.9% |
| Romania | 0.2 | N/A | N/A | 0.3 | 14.5% |
| Mexico | 1.3 | 1.3 | 1.1 | 0.3 | -38.7% |
| Ecuador | N/A | N/A | N/A | N/A | 0% |
| Slovenia | 0.6 | 0.3 | 0.1 | N/A | -59.2% |
| Morocco | 7.0 | 2.5 | 5.4 | N/A | -12.2% |
| North Macedonia | 0.7 | N/A | N/A | N/A | 0% |
| Singapore | 0.4 | 0.5 | 0.6 | N/A | 22.5% |
| Pakistan | 2.5 | 1.1 | 1.6 | N/A | -20.0% |
| Others | 6.9 | 3.4 | 3.1 | 0.2 | -69.3% |
| Total | 36.5 | 16.1 | 20.5 | 7.5 | -41.0% |
Top Export Markets for Casting Machines; of A Kind Used in Metallurgy or in Metal Foundries from South Korea in 2022:
- Vietnam (52.0 units)
- India (38.0 units)
- China (20.0 units)
- Thailand (9.0 units)
- United States (7.0 units)
- Romania (5.0 units)
- Mexico (5.0 units)
- Pakistan (1.0 units)
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