Price for Harrows; (Excluding Disc), Scarifiers, Cultivators, Weeders and Hoes in South Korea - 2022

Contents:

1. Price for Harrows; (Excluding Disc), Scarifiers, Cultivators, Weeders and Hoes in South Korea (CIF) - 2022
2. Price for Harrows; (Excluding Disc), Scarifiers, Cultivators, Weeders and Hoes in South Korea (FOB) - 2022
3. Imports of Harrows; (Excluding Disc), Scarifiers, Cultivators, Weeders and Hoes in South Korea
4. Exports of Harrows; (Excluding Disc), Scarifiers, Cultivators, Weeders and Hoes in South Korea

Price for Harrows; (Excluding Disc), Scarifiers, Cultivators, Weeders and Hoes in South Korea (CIF) - 2022

The average import price for harrows; (excluding disc), scarifiers, cultivators, weeders and hoeses stood at $558 per unit in 2022, shrinking by -9% against the previous year. Over the period under review, the import price showed a noticeable decline. The pace of growth appeared the most rapid in 2016 an increase of 21%. As a result, import price reached the peak level of $1,106 per unit. From 2017 to 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($1,633 per unit), while the price for France ($141 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+20.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Harrows; (Excluding Disc), Scarifiers, Cultivators, Weeders and Hoes in South Korea (FOB) - 2022

The average export price for harrows; (excluding disc), scarifiers, cultivators, weeders and hoeses stood at $856 per unit in 2022, with a decrease of -15.8% against the previous year. Over the period under review, the export price saw a perceptible descent. The most prominent rate of growth was recorded in 2021 when the average export price increased by 18%. Over the period under review, the average export prices attained the peak figure at $1,096 per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($3,123 per unit), while the average price for exports to Mongolia ($465 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 Austria (+21.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Harrows; (Excluding Disc), Scarifiers, Cultivators, Weeders and Hoes in South Korea

In 2022, approx. 14K units of harrows; (excluding disc), scarifiers, cultivators, weeders and hoeses were imported into South Korea; picking up by 5.6% on the previous year's figure. Over the period under review, total imports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +17.5% 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 increased by +62.1% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 35%. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, imports of harrows; (excluding disc), scarifiers, cultivators, weeders and hoeses declined modestly to $7.8M in 2022. Overall, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +11.4% 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 increased by +38.2% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 31% against the previous year. As a result, imports attained the peak of $8.2M, and then shrank modestly in the following year.

Top Suppliers of Harrows; (Excluding Disc), Scarifiers, Cultivators, Weeders and Hoes to South Korea in 2022:

1. Italy (9.6K units)
2. Japan (1.4K units)
3. China (1.1K units)
4. United States (1.0K units)
5. France (0.6K units)

Exports of Harrows; (Excluding Disc), Scarifiers, Cultivators, Weeders and Hoes in South Korea

After three years of growth, shipments abroad of harrows; (excluding disc), scarifiers, cultivators, weeders and hoeses decreased by -22.1% to 2.1K units in 2022. Overall, exports, however, continue to indicate resilient growth. The pace of growth appeared the most rapid in 2020 with an increase of 66% against the previous year. The exports peaked at 2.7K units in 2021, and then dropped notably in the following year.

In value terms, exports of harrows; (excluding disc), scarifiers, cultivators, weeders and hoeses plummeted to $1.8M in 2022. Over the period under review, exports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 87%. The exports peaked at $2.7M in 2021, and then contracted notably in the following year.

Top Export Markets for Harrows; (Excluding Disc), Scarifiers, Cultivators, Weeders and Hoes from South Korea in 2022:

1. United States (1572.0 units)
2. Philippines (139.0 units)
3. Austria (72.0 units)
4. Paraguay (48.0 units)
5. Greece (46.0 units)
6. Taiwan (Chinese) (38.0 units)
7. Mongolia (35.0 units)

Source: IndexBox Market Intelligence Platform