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Republic of Korea - Turbo-Propellers Of A Power Exceeding 1,100 Kw - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPrice for Turbo-Propeller (over 1100 kW) in South Korea - 2022
Contents:
- Price for Turbo-Propeller (over 1100 kW) in South Korea (CIF) - 2022
- Price for Turbo-Propeller (over 1100 kW) in South Korea (FOB) - 2022
- Imports of Turbo-Propeller (over 1100 kW) in South Korea
- Exports of Turbo-Propeller (over 1100 kW) in South Korea
Price for Turbo-Propeller (over 1100 kW) in South Korea (CIF) - 2022
The average turbo-propeller (over 1100 kW) import price stood at $1,562,048 per unit in 2022, picking up by 49% against the previous year. In general, the import price showed a buoyant increase. The most prominent rate of growth was recorded in 2021 an increase of 220% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the near future.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($1,629,102 per unit), while the price for Spain amounted to $220,967 per unit.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Norway (+22.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Turbo-Propeller (over 1100 kW) in South Korea (FOB) - 2022
In 2022, the average turbo-propeller (over 1100 kW) export price amounted to $427,585 per unit, rising by 10,751% against the previous year. In general, the export price recorded a resilient expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for Malaysia.
From 2012 to 2022, the rate of growth in terms of prices for Malaysia amounted to +142.3% per year.
Imports of Turbo-Propeller (over 1100 kW) in South Korea
In 2022, purchases abroad of turbo-propellers of a power exceeding 1,100 kW decreased by -47.5% to 21 units, falling for the second consecutive year after two years of growth. Over the period under review, imports faced a dramatic descent. The growth pace was the most rapid in 2020 when imports increased by 190%. As a result, imports reached the peak of 223 units. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, turbo-propeller (over 1100 kW) imports fell dramatically to $33M in 2022. Overall, imports continue to indicate a abrupt contraction. The pace of growth was the most pronounced in 2020 when imports increased by 16%. As a result, imports attained the peak of $73M. From 2021 to 2022, the growth of imports failed to regain momentum.
Import of Turbo-Propeller (over 1100 kW) in South Korea (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 51.3 | 64.7 | 30.5 | 32.6 | -14.0% |
Spain | 0.1 | 0.2 | 0.2 | 0.2 | 26.0% |
Norway | 0.1 | 0.2 | 0.2 | N/A | 41.4% |
Germany | 1.8 | 1.1 | 0.3 | N/A | -59.2% |
Philippines | N/A | 0.7 | N/A | N/A | 0% |
Singapore | 6.3 | 2.9 | 3.7 | N/A | -23.4% |
Others | 2.9 | 2.9 | 7.0 | N/A | 55.4% |
Total | 62.6 | 72.8 | 41.8 | 32.8 | -19.4% |
Top Suppliers of Turbo-Propeller (over 1100 kW) to South Korea in 2022:
- United States (20.0 units)
- Spain (1.0 units)
Exports of Turbo-Propeller (over 1100 kW) in South Korea
For the third year in a row, South Korea recorded decline in shipments abroad of turbo-propellers of a power exceeding 1,100 kW, which decreased by -50% to 3 units in 2022. In general, exports saw a sharp contraction. The smallest decline of -14.3% was in 2021. The exports peaked at 56 units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, turbo-propeller (over 1100 kW) exports soared to $1.3M in 2022. Over the period under review, exports continue to indicate a dramatic descent. The exports peaked at $12M in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
Export of Turbo-Propeller (over 1100 kW) in South Korea (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Malaysia | N/A | N/A | N/A | 1,283 | 0% |
Hong Kong SAR | 1,426 | 28.9 | 3.9 | N/A | -94.8% |
Vietnam | 7.4 | 1.3 | 0.2 | N/A | -83.6% |
United States | 20.0 | 7.2 | 1.1 | N/A | -76.5% |
Indonesia | 2,218 | N/A | N/A | N/A | 0% |
Singapore | 7,624 | 144 | 17.3 | N/A | -95.2% |
Ukraine | 251 | 6.8 | 1.2 | N/A | -93.1% |
Others | N/A | 2.3 | 0.1 | N/A | -95.7% |
Total | 11,545 | 190 | 23.6 | 1,283 | -51.9% |
Top Export Markets for Turbo-Propeller (over 1100 kW) from South Korea in 2022:
- Malaysia (3.0 units)
This report provides an in-depth analysis of the market for turbo-propeller (over 1100 kw) 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 30301200 - Turbo-jets and turbo-propellers, for civil use
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
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