Price for Turbines; Hydraulic Water Wheels and Regulators Therefor in South Korea - 2022

Contents:

1. Price for Turbines; Hydraulic Water Wheels and Regulators Therefor in South Korea (CIF) - 2022
2. Price for Turbines; Hydraulic Water Wheels and Regulators Therefor in South Korea (FOB) - 2022
3. Imports of Turbines; Hydraulic Water Wheels and Regulators Therefor in South Korea
4. Exports of Turbines; Hydraulic Water Wheels and Regulators Therefor in South Korea

Price for Turbines; Hydraulic Water Wheels and Regulators Therefor in South Korea (CIF) - 2022

The average import price for turbines; hydraulic water wheels and regulators therefor stood at $79 thousand per unit in 2022, with a decrease of -31.2% against the previous year. Overall, the import price recorded a abrupt descent. The most prominent rate of growth was recorded in 2017 when the average import price increased by 87%. Over the period under review, average import prices reached the maximum at $185 thousand per unit in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($557 thousand per unit), while the price for Thailand ($195 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+48.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Turbines; Hydraulic Water Wheels and Regulators Therefor in South Korea (FOB) - 2022

In 2022, the average export price for turbines; hydraulic water wheels and regulators therefor amounted to $44 thousand per unit, dropping by -7.2% against the previous year. Over the period under review, the export price recorded a pronounced slump. The most prominent rate of growth was recorded in 2020 an increase of 32% against the previous year. The export price peaked at $67 thousand per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($90 thousand per unit), while the average price for exports to Mexico ($32 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 Israel (+81.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Turbines; Hydraulic Water Wheels and Regulators Therefor in South Korea

In 2022, after two years of decline, there was significant growth in overseas purchases of turbines; hydraulic water wheels and regulators therefor, when their volume increased by 50% to 63 units. In general, imports, however, recorded a relatively flat trend pattern. Imports peaked at 64 units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, imports of turbines; hydraulic water wheels and regulators therefor amounted to $5M in 2022. Overall, imports, however, recorded a significant decrease. Over the period under review, imports of reached the maximum at $12M in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Top Suppliers of Turbines; Hydraulic Water Wheels and Regulators Therefor to South Korea in 2022:

1. China (46.0 units)
2. Germany (4.0 units)
3. Canada (1.0 units)
4. Netherlands (1.0 units)
5. Italy (1.0 units)
6. Czech Republic (1.0 units)
7. Taiwan (Chinese) (1.0 units)
8. Japan (1.0 units)
9. India (1.0 units)
10. Slovenia (1.0 units)
11. Spain (1.0 units)
12. Thailand (1.0 units)
13. Hong Kong SAR (1.0 units)

Exports of Turbines; Hydraulic Water Wheels and Regulators Therefor in South Korea

In 2022, approx. 25 units of turbines; hydraulic water wheels and regulators therefor were exported from South Korea; reducing by -63.2% compared with 2021. Overall, exports showed a sharp descent. The growth pace was the most rapid in 2021 with an increase of 74%. The exports peaked at 97 units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, exports of turbines; hydraulic water wheels and regulators therefor fell sharply to $1.1M in 2022. In general, exports showed a dramatic contraction. The pace of growth was the most pronounced in 2021 with an increase of 58%. Over the period under review, the exports of hit record highs at $3.8M in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Top Export Markets for Turbines; Hydraulic Water Wheels and Regulators Therefor from South Korea in 2022:

1. Japan (11.0 units)
2. Israel (1.0 units)
3. Bangladesh (1.0 units)
4. Mexico (1.0 units)
5. Russia (1.0 units)
6. Oman (1.0 units)
7. Poland (1.0 units)
8. Indonesia (1.0 units)
9. France (1.0 units)
10. Malaysia (1.0 units)
11. Austria (1.0 units)
12. China (1.0 units)
13. Philippines (1.0 units)

Source: IndexBox Market Intelligence Platform