Price for Surveying Equipment; Parts and Accessories for Articles of Heading No. 9015 in South Korea - 2022

Contents:

  1. Price for Surveying Equipment; Parts and Accessories for Articles of Heading No. 9015 in South Korea (CIF) - 2022
  2. Price for Surveying Equipment; Parts and Accessories for Articles of Heading No. 9015 in South Korea (FOB) - 2022
  3. Imports of Surveying Equipment; Parts and Accessories for Articles of Heading No. 9015 in South Korea
  4. Exports of Surveying Equipment; Parts and Accessories for Articles of Heading No. 9015 in South Korea

Price for Surveying Equipment; Parts and Accessories for Articles of Heading No. 9015 in South Korea (CIF) - 2022

The average import price for surveying equipment; parts and accessories for articles of heading no. 9015 stood at $114,484 per ton in 2022, increasing by 9.7% against the previous year. Over the period under review, the import price recorded a prominent expansion. The pace of growth appeared the most rapid in 2013 when the average import price increased by 72%. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($719,803 per ton), while the price for Taiwan (Chinese) ($31,720 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+17.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Surveying Equipment; Parts and Accessories for Articles of Heading No. 9015 in South Korea (FOB) - 2022

In 2022, the average export price for surveying equipment; parts and accessories for articles of heading no. 9015 amounted to $63,698 per ton, waning by -5.9% against the previous year. In general, the export price, however, enjoyed buoyant growth. The most prominent rate of growth was recorded in 2015 an increase of 95%. The export price peaked at $130,151 per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($471,681 per ton), while the average price for exports to Malta ($3,644 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (+26.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Surveying Equipment; Parts and Accessories for Articles of Heading No. 9015 in South Korea

In 2022, the amount of surveying equipment; parts and accessories for articles of heading no. 9015 imported into South Korea was estimated at 85 tons, increasing by 4.4% compared with the previous year. Over the period under review, imports saw a significant expansion. The growth pace was the most rapid in 2021 with an increase of 64%. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, imports of surveying equipment; parts and accessories for articles of heading no. 9015 reduced markedly to $13M in 2022. The total import value increased at an average annual rate of +2.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 26% against the previous year. As a result, imports attained the peak of $16M, and then contracted remarkably in the following year.

Import of Surveying Equipment; Parts and Accessories for Articles of Heading No. 9015 in South Korea (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States3.32.63.52.8-5.3%
China1.82.03.42.410.1%
Japan0.80.91.22.240.1%
Germany0.50.50.30.921.6%
United Kingdom2.33.32.00.6-36.1%
Norway0.50.81.20.50.0%
Canada0.30.60.40.30.0%
France0.50.40.40.3-15.7%
Netherlands0.30.10.60.2-12.6%
SpainN/AN/AN/A0.20%
Taiwan (Chinese)N/AN/AN/A0.10%
Others1.71.73.42.310.6%
Total12.013.016.312.82.2%

Top Suppliers of Surveying Equipment; Parts and Accessories for Articles of Heading No. 9015 to South Korea in 2022:

  1. China (35.3 tons)
  2. Japan (13.5 tons)
  3. Spain (7.5 tons)
  4. United States (6.0 tons)
  5. Norway (5.1 tons)
  6. Taiwan (Chinese) (4.1 tons)
  7. Canada (2.0 tons)
  8. United Kingdom (1.3 tons)
  9. Germany (1.3 tons)
  10. Netherlands (1.1 tons)
  11. France (1.1 tons)

Exports of Surveying Equipment; Parts and Accessories for Articles of Heading No. 9015 in South Korea

In 2022, after three years of growth, there was significant decline in overseas shipments of surveying equipment; parts and accessories for articles of heading no. 9015, when their volume decreased by -8.9% to 56 tons. In general, exports, however, posted a significant expansion. The pace of growth was the most pronounced in 2020 when exports increased by 122% against the previous year.

In value terms, exports of surveying equipment; parts and accessories for articles of heading no. 9015 shrank rapidly to $3.3M in 2022. Overall, exports, however, saw prominent growth. The pace of growth appeared the most rapid in 2020 with an increase of 96%.

Export of Surveying Equipment; Parts and Accessories for Articles of Heading No. 9015 in South Korea (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States4614555531,07032.4%
Thailand18.218.82.3571215.4%
Iraq44.9151N/A28184.3%
China1182,0562,24517413.8%
Japan182133666115-14.2%
MaltaN/AN/AN/A86.50%
Spain0.42.73.786.2499.5%
Australia2.05.575.162.1214.3%
Germany24282.288.655.2-38.9%
CambodiaN/A114N/AN/A0%
Others898837842830-2.6%
Total1,9663,8544,4753,33019.2%

Top Export Markets for Surveying Equipment; Parts and Accessories for Articles of Heading No. 9015 from South Korea in 2022:

  1. Malta (23.7 tons)
  2. Thailand (9.0 tons)
  3. Japan (6.2 tons)
  4. Iraq (6.2 tons)
  5. United States (2.3 tons)
  6. Australia (1.3 tons)
  7. Spain (1.1 tons)
  8. China (0.9 tons)
  9. Germany (0.3 tons)

Source: IndexBox Market Intelligence Platform

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