Price for Machines; Automatic Beverage-Vending Machines, Not Incorporating Heating or Refrigerating Devices in South Korea - 2022

Contents:

1. Price for Machines; Automatic Beverage-Vending Machines, Not Incorporating Heating or Refrigerating Devices in South Korea (CIF) - 2022
2. Price for Machines; Automatic Beverage-Vending Machines, Not Incorporating Heating or Refrigerating Devices in South Korea (FOB) - 2022
3. Imports of Machines; Automatic Beverage-Vending Machines, Not Incorporating Heating or Refrigerating Devices in South Korea
4. Exports of Machines; Automatic Beverage-Vending Machines, Not Incorporating Heating or Refrigerating Devices in South Korea

Price for Machines; Automatic Beverage-Vending Machines, Not Incorporating Heating or Refrigerating Devices in South Korea (CIF) - 2022

In 2022, the average import price for machines; automatic beverage-vending machines, not incorporating heating or refrigerating deviceses amounted to $1,467 per unit, reducing by -17.2% against the previous year. In general, import price indicated modest growth from 2012 to 2022: its price increased at an average annual rate of +1.8% 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 machines; automatic beverage-vending machines, not incorporating heating or refrigerating deviceses decreased by -29.9% against 2018 indices. The pace of growth appeared the most rapid in 2014 an increase of 95%. As a result, import price reached the peak level of $2,123 per unit. From 2015 to 2022, the average 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 Israel ($2,795 per unit), while the price for Singapore ($2 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+34.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Machines; Automatic Beverage-Vending Machines, Not Incorporating Heating or Refrigerating Devices in South Korea (FOB) - 2022

In 2022, the average export price for machines; automatic beverage-vending machines, not incorporating heating or refrigerating deviceses amounted to $383 per unit, which is down by -51.7% against the previous year. In general, the export price showed a deep contraction. The most prominent rate of growth was recorded in 2015 when the average export price increased by 106%. As a result, the export price reached the peak level of $1,297 per unit. From 2016 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Saudi Arabia ($2,147 per unit), while the average price for exports to Ireland ($1 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 Taiwan (Chinese) (+30.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machines; Automatic Beverage-Vending Machines, Not Incorporating Heating or Refrigerating Devices in South Korea

After three years of growth, purchases abroad of machines; automatic beverage-vending machines, not incorporating heating or refrigerating deviceses decreased by -89.2% to 29 units in 2022. In general, imports showed a abrupt decline. The most prominent rate of growth was recorded in 2020 when imports increased by 553%. Over the period under review, imports of hit record highs at 268 units in 2021, and then shrank remarkably in the following year.

In value terms, imports of machines; automatic beverage-vending machines, not incorporating heating or refrigerating deviceses declined notably to $43K in 2022. Over the period under review, imports continue to indicate a abrupt curtailment. The pace of growth was the most pronounced in 2020 when imports increased by 731%. As a result, imports reached the peak of $498K. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

Top Suppliers of Machines; Automatic Beverage-Vending Machines, Not Incorporating Heating or Refrigerating Devices to South Korea in 2022:

1. Switzerland (18.0 units)
2. United States (1.0 units)
3. Israel (1.0 units)
4. Italy (1.0 units)
5. Taiwan (Chinese) (1.0 units)
6. Singapore (1.0 units)
7. United Kingdom (1.0 units)
8. China (1.0 units)
9. Japan (1.0 units)
10. Germany (1.0 units)
11. Thailand (1.0 units)
12. Spain (1.0 units)

Exports of Machines; Automatic Beverage-Vending Machines, Not Incorporating Heating or Refrigerating Devices in South Korea

In 2022, exports of machines; automatic beverage-vending machines, not incorporating heating or refrigerating deviceses from South Korea was estimated at 22 units, remaining stable against the previous year's figure. Over the period under review, exports continue to indicate a deep downturn. The smallest decline of -7.7% was in 2020. Over the period under review, the exports of hit record highs at 26 units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, exports of machines; automatic beverage-vending machines, not incorporating heating or refrigerating deviceses contracted rapidly to $8.4K in 2022. Overall, exports recorded a significant curtailment. The growth pace was the most rapid in 2020 when exports increased by 51% against the previous year. As a result, the exports reached the peak of $26K. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

Top Export Markets for Machines; Automatic Beverage-Vending Machines, Not Incorporating Heating or Refrigerating Devices from South Korea in 2022:

1. Saudi Arabia (2.0 units)
2. Canada (1.0 units)
3. Taiwan (Chinese) (1.0 units)
4. Philippines (1.0 units)
5. Indonesia (1.0 units)
6. India (1.0 units)
7. Mongolia (1.0 units)
8. Japan (1.0 units)
9. China (1.0 units)
10. Ireland (1.0 units)
11. Jordan (1.0 units)
12. New Zealand (1.0 units)
13. Panama (1.0 units)

Source: IndexBox Market Intelligence Platform