Price for Vessels; Other, Including Warships and Lifeboats, Other than Rowing Boats in South Korea - 2022

Contents:

1. Price for Vessels; Other, Including Warships and Lifeboats, Other than Rowing Boats in South Korea (FOB) - 2022
2. Price for Vessels; Other, Including Warships and Lifeboats, Other than Rowing Boats in South Korea (CIF) - 2022
3. Exports of Vessels; Other, Including Warships and Lifeboats, Other than Rowing Boats in South Korea
4. Imports of Vessels; Other, Including Warships and Lifeboats, Other than Rowing Boats in South Korea

Price for Vessels; Other, Including Warships and Lifeboats, Other than Rowing Boats in South Korea (FOB) - 2022

The average export price for vessels; other, including warships and lifeboats, other than rowing boatses stood at $9,288,783 per unit in 2022, reducing by -52.7% against the previous year. In general, the export price, however, showed a significant expansion. The pace of growth was the most pronounced in 2013 an increase of 1,183% against the previous year. The export price peaked at $31,478,599 per unit in 2017; however, from 2018 to 2022, the 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 Russia ($18,945,797 per unit), while the average price for exports to Brazil ($204 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 the UK (+419.5%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Vessels; Other, Including Warships and Lifeboats, Other than Rowing Boats in South Korea (CIF) - 2022

In 2022, the average import price for vessels; other, including warships and lifeboats, other than rowing boatses amounted to $3,709,618 per unit, with an increase of 213% against the previous year. In general, the import price recorded a prominent expansion. Over the period under review, average import prices reached the maximum at $5,364,705 per unit in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

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 China ($10,277,666 per unit), while the price for Italy ($1,715 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+105.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Vessels; Other, Including Warships and Lifeboats, Other than Rowing Boats in South Korea

In 2022, overseas shipments of vessels; other, including warships and lifeboats, other than rowing boatses decreased by 0% to 15 units, falling for the second consecutive year after two years of growth. Over the period under review, total exports indicated a tangible expansion from 2019 to 2022: its volume increased at an average annual rate of +2.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -31.8% against 2020 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 57%. As a result, the exports reached the peak of 22 units. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of vessels; other, including warships and lifeboats, other than rowing boatses contracted significantly to $139M in 2022. In general, exports showed resilient growth. The most prominent rate of growth was recorded in 2020 with an increase of 388%. As a result, the exports reached the peak of $536M. From 2021 to 2022, the growth of the exports of remained at a lower figure.

Top Export Markets for Vessels; Other, Including Warships and Lifeboats, Other than Rowing Boats from South Korea in 2022:

1. Russia (7.0 units)
2. Brazil (1.0 units)
3. Pakistan (1.0 units)
4. Philippines (1.0 units)
5. Indonesia (1.0 units)
6. Vietnam (1.0 units)
7. China (1.0 units)
8. Kiribati (1.0 units)
9. New Zealand (1.0 units)

Imports of Vessels; Other, Including Warships and Lifeboats, Other than Rowing Boats in South Korea

In 2022, purchases abroad of vessels; other, including warships and lifeboats, other than rowing boatses decreased by -5.9% to 16 units, falling for the second year in a row after two years of growth. The total import volume increased at an average annual rate of +2.2% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 20%. As a result, imports attained the peak of 18 units. From 2021 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of vessels; other, including warships and lifeboats, other than rowing boatses skyrocketed to $59M in 2022. Overall, imports, however, posted significant growth. The pace of growth was the most pronounced in 2020 when imports increased by 259%. Imports peaked in 2022 and are likely to see gradual growth in years to come.

Top Suppliers of Vessels; Other, Including Warships and Lifeboats, Other than Rowing Boats to South Korea in 2022:

1. Netherlands (1.0 units)
2. Italy (1.0 units)
3. Portugal (1.0 units)
4. Taiwan (Chinese) (1.0 units)
5. Norway (1.0 units)
6. Indonesia (1.0 units)
7. India (1.0 units)
8. France (1.0 units)
9. Austria (1.0 units)
10. Vietnam (1.0 units)
11. Germany (1.0 units)
12. China (1.0 units)
13. Japan (1.0 units)

Source: IndexBox Market Intelligence Platform