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Republic of Korea - Machine-Tools For Working Any Material By Removal Of Material - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPrice for Machine-Tool for Removing Material in South Korea - 2022
Contents:
- Price for Machine-Tool for Removing Material in South Korea (CIF) - 2022
- Price for Machine-Tool for Removing Material in South Korea (FOB) - 2022
- Imports of Machine-Tool for Removing Material in South Korea
- Exports of Machine-Tool for Removing Material in South Korea
Price for Machine-Tool for Removing Material in South Korea (CIF) - 2022
The average machine-tool for removing material import price stood at $48,549 per unit in December 2022, therefore, remained relatively stable against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.3%. The most prominent rate of growth was recorded in November 2022 when the average import price increased by 15% month-to-month. The import price peaked at $55,193 per unit in July 2022; however, from August 2022 to December 2022, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In December 2022, the country with the highest price was Thailand ($76,089 per unit), while the price for the United States ($20,065 per unit) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by Thailand (+4.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Machine-Tool for Removing Material in South Korea (FOB) - 2022
In December 2022, the average machine-tool for removing material export price amounted to $54,339 per unit, falling by -17.9% against the previous month. Over the period under review, the export price continues to indicate a mild reduction. The pace of growth appeared the most rapid in August 2022 an increase of 25% against the previous month. The export price peaked at $73,408 per unit in January 2022; afterwards, it flattened through to December 2022.
Prices varied noticeably by the country of destination: the country with the highest price was the United States ($63,282 per unit), while the average price for exports to Japan ($28,890 per unit) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+1.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Machine-Tool for Removing Material in South Korea
In 2022, approx. 4.2K units of machine-tools for working any material by removal of material were imported into South Korea; picking up by 15% against the previous year. In general, imports, however, showed a abrupt contraction. The pace of growth appeared the most rapid in 2020 when imports increased by 62% against the previous year. As a result, imports attained the peak of 8.9K units. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, machine-tool for removing material imports reduced to $343M in 2022. Over the period under review, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +10.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +34.1% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 38%. As a result, imports reached the peak of $398M, and then fell in the following year.
Import of Machine-Tool for Removing Material in South Korea (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 72.0 | 97.2 | 112 | 122 | 19.2% |
Japan | 89.4 | 88.8 | 125 | 120 | 10.3% |
Singapore | 7.0 | 7.6 | 19.1 | 20.8 | 43.8% |
Thailand | 8.3 | 7.2 | 8.3 | 9.0 | 2.7% |
United States | 7.4 | 6.2 | 7.4 | 5.7 | -8.3% |
Netherlands | 0.5 | 13.7 | 0.5 | 1.6 | 47.4% |
Finland | 0.7 | 0.5 | 1.0 | 1.1 | 16.3% |
Others | 70.5 | 66.7 | 125 | 63.0 | -3.7% |
Total | 256 | 288 | 398 | 343 | 10.2% |
Top Suppliers of Machine-Tool for Removing Material to South Korea in 2022:
- China (2829.0 units)
- Netherlands (758.0 units)
- Finland (202.0 units)
- Thailand (127.0 units)
- Singapore (97.0 units)
- Japan (52.0 units)
- United States (23.0 units)
Exports of Machine-Tool for Removing Material in South Korea
Machine-tool for removing material exports from South Korea declined to 11K units in 2022, reducing by -7.1% compared with 2021 figures. The total export volume increased at an average annual rate of +7.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 36%. As a result, the exports reached the peak of 12K units, and then declined in the following year.
In value terms, machine-tool for removing material exports dropped dramatically to $253M in 2022. Over the period under review, exports, however, posted temperate growth. The pace of growth appeared the most rapid in 2021 with an increase of 127% against the previous year. As a result, the exports reached the peak of $352M, and then shrank remarkably in the following year.
Export of Machine-Tool for Removing Material in South Korea (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 105 | 54.3 | 104 | 87.4 | -5.9% |
United States | 24.4 | 13.2 | 48.1 | 53.0 | 29.5% |
Vietnam | 38.2 | 49.8 | 43.9 | 47.9 | 7.8% |
Taiwan (Chinese) | 11.5 | 9.7 | 16.4 | 13.2 | 4.7% |
Japan | 6.1 | 4.7 | 6.2 | 5.5 | -3.4% |
Philippines | 2.5 | 1.0 | 3.0 | 3.0 | 6.3% |
Slovakia | N/A | N/A | 0.2 | 2.2 | 1000.0% |
Australia | 0.2 | 0.6 | 1.5 | 1.5 | 95.7% |
Others | 31.5 | 21.5 | 129 | 39.7 | 8.0% |
Total | 219 | 155 | 352 | 253 | 4.9% |
Top Export Markets for Machine-Tool for Removing Material from South Korea in 2022:
- Vietnam (6.9K units)
- United States (1.1K units)
- China (0.8K units)
- Slovakia (0.5K units)
- Australia (0.3K units)
- Philippines (0.3K units)
- Japan (0.2K units)
- Taiwan (Chinese) (0.1K units)
This report provides an in-depth analysis of the market for machine-tool for removing material in Republic of Korea. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 28411110 - Machine-tools for working any material by removal of material, operated by laser or other light or photon beam processes
- Prodcom 28411130 - Machine-tools for working any material by removal of material, operated by ultrasonic processes (excluding machines for the manufacture of semiconductor devices or of electronic integrated circuits)
- Prodcom 28411150 - Machine tools for working any material by removal of material, operated by electro-discharge processes
- Prodcom 28411170 - Machine-tools for working any material by removal of material, operated by electro-chemical, electron-beam, ionicbeam or plasma arc processes
Country coverage:
- South Korea
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Republic of Korea
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the market for machine-tool for removing material in Republic of Korea.
This report provides an in-depth analysis of the global market for machine-tool for removing material.
This report provides an in-depth analysis of the market for machine-tool for removing material in Republic of Korea.
This report provides an in-depth analysis of the global market for machine-tool for removing material.
Discover the world's best import markets for machine-tools for removing material. Get insights into the top countries, import values, and market trends. Utilize IndexBox market intelligence platform for comprehensive data.
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