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Republic of Korea - Radiators for Central Heating (not Electrically Heated) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingRadiator Price in South Korea - 2022
Contents:
- Radiator Price in South Korea (CIF) - 2022
- Radiator Price in South Korea (FOB) - 2022
- Radiator Imports in South Korea
- Radiator Exports in South Korea
Radiator Price in South Korea (CIF) - 2022
In December 2022, the average radiator import price amounted to $4,823 per ton, rising by 23% against the previous month. In general, the import price continues to indicate modest growth. The most prominent rate of growth was recorded in July 2022 an increase of 411% against the previous month. The import price peaked at $52,759 per ton in March 2022; however, from April 2022 to December 2022, import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for China.
From December 2021 to December 2022, the rate of growth in terms of prices for China amounted to +2.0% per month.
Radiator Price in South Korea (FOB) - 2022
In 2021, the average radiator export price amounted to $9,201 per ton, falling by -42.5% against the previous year. Over the period under review, the export price, however, posted a slight expansion. The pace of growth appeared the most rapid in 2018 an increase of 128%. The export price peaked at $16,111 per ton in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Thailand ($18,914 per ton), while the average price for exports to Hong Kong SAR ($3,748 per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+16.2%), while the prices for the other major destinations experienced more modest paces of growth.
Radiator Imports in South Korea
In 2022, radiator imports into South Korea contracted to 269 tons, with a decrease of -7.1% on 2021. The total import volume increased at an average annual rate of +1.8% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 17%. As a result, imports attained the peak of 290 tons, and then contracted in the following year.
In value terms, radiator imports reduced remarkably to $1.3M in 2022. In general, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by 46%. As a result, imports attained the peak of $1.5M, and then declined sharply in the following year.
Import of Radiator in South Korea (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
China | 526 | 750 | 744 | 18.9% | |
Italy | 576 | 8.1 | 217 | -38.6% | |
United States | 28.6 | 15.2 | 43.9 | 23.9% | |
Others | 197 | 285 | 542 | 65.9% | |
Total | 1,328 | 1,059 | 1,546 | 7.9% |
Top Suppliers of Radiator to South Korea in 2022:
- China (209.9 tons)
- Italy (32.2 tons)
- United States (4.8 tons)
Radiator Exports in South Korea
In 2022, radiator exports from South Korea fell slightly to 55 tons, which is down by -4.7% on 2021 figures. Over the period under review, exports recorded a drastic downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 10%.
In value terms, radiator exports skyrocketed to $682K in 2022. Overall, exports faced a sharp contraction.
Export of Radiator in South Korea (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
Japan | 891 | 325 | 553 | -21.2% | |
Lebanon | 429 | 276 | 370 | -7.1% | |
Vietnam | 8.0 | 23.1 | 90.7 | 236.7% | |
Thailand | 78.1 | 61.5 | 59.3 | -12.9% | |
Mexico | 52.0 | 41.1 | 42.5 | -9.6% | |
United States | 4.8 | 27.2 | 36.6 | 176.1% | |
China | 9.1 | 8.4 | 29.1 | 78.8% | |
Hong Kong SAR | 22.3 | 14.7 | 15.7 | -16.1% | |
Others | -9.4 | 58.9 | -667.1 | 742.4% | |
Total | 1,486 | 835 | 530 | -40.3% |
Top Export Markets for Radiator from South Korea in 2022:
- Japan (30.5 tons)
- Lebanon (27.9 tons)
- Vietnam (12.8 tons)
- United States (7.6 tons)
- Mexico (5.8 tons)
- China (4.2 tons)
- Hong Kong SAR (4.2 tons)
- Thailand (3.1 tons)
This report provides an in-depth analysis of the market for non-electric central heating radiator 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 25211100 - Radiators for central heating, not electrically heated, and parts thereof, of iron or steel
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
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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
This report provides an in-depth analysis of the market for non-electric central heating radiator in Republic of Korea.
This report provides an in-depth analysis of the non-electric air heater market in Republic of Korea.
This report provides an in-depth analysis of the global market for non-electric central heating radiator.
This report provides an in-depth analysis of the global non-electric air heater market.
This report provides an in-depth analysis of the market for non-electric central heating radiator in Republic of Korea.
This report provides an in-depth analysis of the non-electric air heater market in Republic of Korea.
This report provides an in-depth analysis of the global market for non-electric central heating radiator.
This report provides an in-depth analysis of the global non-electric air heater market.
In value terms, radiators for central heating imports stood at $X in 2016. Overall, radiators for central heating imports continue to indicate a slight decrease. Global radiators for central heatin...
In value terms, radiators for central heating exports amounted to $X in 2016. In general, radiators for central heating exports continue to indicate a measured drop. Global radiators for central he...
Explore the top import markets for non-electric air heaters and understand the global demand for efficient heating solutions. Learn about the key countries driving the import of non-electric air heaters.
In value terms, radiators for central heating imports stood at $X in 2016. Overall, radiators for central heating imports continue to indicate a slight decrease. Global radiators for central heatin...
In value terms, radiators for central heating exports amounted to $X in 2016. In general, radiators for central heating exports continue to indicate a measured drop. Global radiators for central he...
Explore the top import markets for non-electric air heaters and understand the global demand for efficient heating solutions. Learn about the key countries driving the import of non-electric air heaters.