Price for Winches and Capstans; Not Powered by an Electric Motor in South Korea - 2022
Contents:
- Price for Winches and Capstans; Not Powered by an Electric Motor in South Korea (CIF) - 2022
- Price for Winches and Capstans; Not Powered by an Electric Motor in South Korea (FOB) - 2022
- Imports of Winches and Capstans; Not Powered by an Electric Motor in South Korea
- Exports of Winches and Capstans; Not Powered by an Electric Motor in South Korea
Price for Winches and Capstans; Not Powered by an Electric Motor in South Korea (CIF) - 2022
In 2022, the average import price for winches and capstans; not powered by an electric motors amounted to $590 per unit, rising by 8.8% against the previous year. In general, the import price, however, recorded a slight slump. The pace of growth was the most pronounced in 2013 an increase of 19% against the previous year. Over the period under review, average import prices reached the peak figure at $842 per unit in 2016; however, from 2017 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 Germany ($1,963 per unit), while the price for China ($133 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+11.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Winches and Capstans; Not Powered by an Electric Motor in South Korea (FOB) - 2022
In 2022, the average export price for winches and capstans; not powered by an electric motors amounted to $903 per unit, growing by 47% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The export price peaked at $1,169 per unit in 2013; however, from 2014 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 China ($4,257 per unit), while the average price for exports to the Netherlands ($33 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 Vietnam (-0.4%), while the prices for the other major destinations experienced a decline.
Imports of Winches and Capstans; Not Powered by an Electric Motor in South Korea
In 2022, overseas purchases of winches and capstans; not powered by an electric motors decreased by -40.7% to 32K units, falling for the second consecutive year after two years of growth. Overall, imports saw a abrupt shrinkage. The growth pace was the most rapid in 2020 with an increase of 25%. As a result, imports reached the peak of 57K units. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of winches and capstans; not powered by an electric motors fell notably to $19M in 2022. In general, imports recorded a abrupt setback. The most prominent rate of growth was recorded in 2020 when imports increased by 35% against the previous year. As a result, imports attained the peak of $31M. From 2021 to 2022, the growth of imports of failed to regain momentum.
| Import of Winches and Capstans; Not Powered by an Electric Motor in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 8.8 | 5.6 | 5.7 | 3.6 | -25.8% |
| Germany | 1.6 | 2.5 | 3.3 | 2.8 | 20.5% |
| Norway | 0.2 | 0.2 | 4.6 | 2.1 | 119.0% |
| United States | 1.1 | 1.3 | 1.8 | 1.3 | 5.7% |
| Qatar | 2.8 | 3.5 | 4.0 | N/A | 19.5% |
| Others | 8.1 | 17.5 | 9.7 | 8.9 | 3.2% |
| Total | 22.6 | 30.6 | 29.1 | 18.8 | -6.0% |
Top Suppliers of Winches and Capstans; Not Powered by an Electric Motor to South Korea in 2022:
- China (27.3K units)
- Germany (1.4K units)
- Norway (1.1K units)
- United States (0.8K units)
Exports of Winches and Capstans; Not Powered by an Electric Motor in South Korea
Exports of winches and capstans; not powered by an electric motors from South Korea was estimated at 17K units in 2022, flattening at the year before. In general, exports, however, continue to indicate a pronounced slump. The pace of growth was the most pronounced in 2020 when exports increased by 54%. As a result, the exports reached the peak of 28K units. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of winches and capstans; not powered by an electric motors soared to $15M in 2022. Overall, total exports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +10.8% 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 -19.3% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 69%. As a result, the exports attained the peak of $19M. From 2021 to 2022, the growth of the exports of failed to regain momentum.
| Export of Winches and Capstans; Not Powered by an Electric Motor in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 4.8 | 11.5 | 3.8 | 8.5 | 21.0% |
| Vietnam | N/A | 0.8 | 0.7 | 3.0 | 93.6% |
| United States | 2.8 | 1.9 | 1.8 | 1.8 | -13.7% |
| Russia | 0.4 | 0.3 | 0.4 | 0.4 | 0.0% |
| Indonesia | N/A | N/A | N/A | 0.3 | 0% |
| Germany | N/A | 0.3 | 0.2 | 0.2 | -18.4% |
| Taiwan (Chinese) | 0.1 | 0.7 | N/A | 0.1 | 0.0% |
| Japan | 0.3 | 0.1 | 0.1 | 0.1 | -30.7% |
| New Caledonia | 0.6 | 0.8 | 0.7 | N/A | 8.0% |
| Tanzania | N/A | 0.5 | 0.4 | N/A | -20.0% |
| Netherlands | N/A | N/A | N/A | N/A | 0% |
| Ukraine | N/A | N/A | N/A | N/A | 0% |
| Others | 2.2 | 2.1 | 2.1 | 0.8 | -28.6% |
| Total | 11.2 | 19.0 | 10.3 | 15.3 | 11.0% |
Top Export Markets for Winches and Capstans; Not Powered by an Electric Motor from South Korea in 2022:
- Vietnam (6.7K units)
- Germany (3.3K units)
- China (2.0K units)
- United States (1.2K units)
- Russia (1.0K units)
- Indonesia (0.7K units)
- Netherlands (0.4K units)
- Taiwan (Chinese) (0.3K units)
- Japan (0.2K units)
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