Price for Knitting Machines; Circular, with Cylinder Diameter Exceeding 165mm in South Korea - 2022
Contents:
- Price for Knitting Machines; Circular, with Cylinder Diameter Exceeding 165mm in South Korea (FOB) - 2022
- Price for Knitting Machines; Circular, with Cylinder Diameter Exceeding 165mm in South Korea (CIF) - 2022
- Exports of Knitting Machines; Circular, with Cylinder Diameter Exceeding 165mm in South Korea
- Imports of Knitting Machines; Circular, with Cylinder Diameter Exceeding 165mm in South Korea
Price for Knitting Machines; Circular, with Cylinder Diameter Exceeding 165mm in South Korea (FOB) - 2022
In 2022, the average export price for knitting machines; circular, with cylinder diameter exceeding 165mms amounted to $42,611 per unit, rising by 11% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average export price increased by 80%. As a result, the export price reached the peak level of $43,738 per unit. From 2019 to 2022, the average export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($46,446 per unit), while the average price for exports to the United States ($4,275 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 Guatemala (+40.7%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Knitting Machines; Circular, with Cylinder Diameter Exceeding 165mm in South Korea (CIF) - 2022
In 2022, the average import price for knitting machines; circular, with cylinder diameter exceeding 165mms amounted to $42,509 per unit, growing by 16% against the previous year. Over the period under review, import price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for knitting machines; circular, with cylinder diameter exceeding 165mms increased by +25.5% against 2020 indices. The pace of growth appeared the most rapid in 2015 an increase of 53% against the previous year. The import price peaked at $47,878 per unit in 2018; however, from 2019 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 Taiwan (Chinese) ($63,637 per unit), while the price for Guatemala ($10,276 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Guatemala (+39.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Knitting Machines; Circular, with Cylinder Diameter Exceeding 165mm in South Korea
In 2022, approx. 158 units of knitting machines; circular, with cylinder diameter exceeding 165mms were exported from South Korea; reducing by -72.4% against 2021 figures. Overall, exports showed a abrupt shrinkage. The growth pace was the most rapid in 2021 when exports increased by 324% against the previous year. As a result, the exports reached the peak of 572 units, and then fell rapidly in the following year.
In value terms, exports of knitting machines; circular, with cylinder diameter exceeding 165mms fell remarkably to $6.7M in 2022. Over the period under review, exports saw a abrupt descent. The growth pace was the most rapid in 2021 when exports increased by 475%. As a result, the exports reached the peak of $22M, and then shrank remarkably in the following year.
| Export of Knitting Machines; Circular, with Cylinder Diameter Exceeding 165mm in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 5.1 | 1.5 | 6.2 | 1.4 | -35.0% |
| United Arab Emirates | N/A | 0.1 | 0.6 | 1.2 | 246.4% |
| Turkey | 1.0 | 0.7 | 2.5 | 1.1 | 3.2% |
| Guatemala | 0.6 | 0.3 | 9.2 | 0.9 | 14.5% |
| Indonesia | 1.2 | 0.1 | 2.1 | 0.6 | -20.6% |
| Mexico | 0.4 | 0.3 | 0.7 | 0.5 | 7.7% |
| Dominican Republic | N/A | N/A | N/A | 0.4 | 0% |
| Egypt | 0.1 | 0.3 | 0.2 | 0.2 | 26.0% |
| Others | 0.5 | 0.6 | 0.4 | 0.3 | -15.7% |
| Total | 8.9 | 3.8 | 22.0 | 6.7 | -9.0% |
Top Export Markets for Knitting Machines; Circular, with Cylinder Diameter Exceeding 165mm from South Korea in 2022:
- Vietnam (31.0 units)
- United Arab Emirates (26.0 units)
- Turkey (25.0 units)
- Guatemala (19.0 units)
- Mexico (17.0 units)
- Indonesia (14.0 units)
- Dominican Republic (9.0 units)
- Egypt (6.0 units)
Imports of Knitting Machines; Circular, with Cylinder Diameter Exceeding 165mm in South Korea
In 2022, supplies from abroad of knitting machines; circular, with cylinder diameter exceeding 165mms decreased by -61.8% to 21 units, falling for the second year in a row after two years of growth. Overall, imports faced a significant curtailment. The pace of growth appeared the most rapid in 2020 when imports increased by 27% against the previous year. As a result, imports attained the peak of 95 units. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of knitting machines; circular, with cylinder diameter exceeding 165mms shrank remarkably to $893K in 2022. In general, imports continue to indicate a dramatic downturn. The smallest decline of -8.2% was in 2020. Over the period under review, imports of attained the peak figure at $3.5M in 2019; however, from 2020 to 2022, imports failed to regain momentum.
| Import of Knitting Machines; Circular, with Cylinder Diameter Exceeding 165mm in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | 105 | 158 | N/A | 509 | 69.2% |
| China | 969 | 758 | 700 | 346 | -29.1% |
| United States | 15.0 | N/A | N/A | 27.7 | 22.7% |
| Guatemala | N/A | N/A | N/A | 10.3 | 0% |
| Germany | 1,787 | 1,761 | 1,147 | N/A | -19.9% |
| Vietnam | 163 | 87.2 | 133 | N/A | -9.7% |
| Italy | 467 | 242 | N/A | N/A | -48.2% |
| Others | N/A | 210 | 38.3 | N/A | -81.8% |
| Total | 3,505 | 3,217 | 2,019 | 893 | -36.6% |
Top Suppliers of Knitting Machines; Circular, with Cylinder Diameter Exceeding 165mm to South Korea in 2022:
- China (11.0 units)
- Taiwan (Chinese) (8.0 units)
- United States (1.0 units)
- Guatemala (1.0 units)
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