Republic of Korea - Refrigerating or Freezing Display Counters, Cabinets, Show-cases - Market Analysis, Forecast, Size, Trends And Insights
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View PricingRefrigerated Show-Cases Price in South Korea - 2022
Contents:
- Refrigerated Show-Cases Price in South Korea (FOB) - 2022
- Refrigerated Show-Cases Price in South Korea (CIF) - 2022
- Refrigerated Show-Cases Exports in South Korea
- Refrigerated Show-Cases Imports in South Korea
Refrigerated Show-Cases Price in South Korea (FOB) - 2022
In 2022, the average refrigerated show-cases export price amounted to $1,562 per unit, picking up by 25% against the previous year. Overall, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average export price increased by 38%. The export price peaked in 2022 and is likely to see steady growth in the immediate term.
Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were Australia ($1,563 per unit) and the Philippines ($1,562 per unit), while the average price for exports to Indonesia ($1,561 per unit) and Mongolia ($1,561 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines (+0.8%), while the prices for the other major destinations experienced more modest paces of growth.
Refrigerated Show-Cases Price in South Korea (CIF) - 2022
The average refrigerated show-cases import price stood at $1,068 per unit in 2022, shrinking by -7.2% against the previous year. Overall, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of 13% against the previous year. Over the period under review, average import prices attained the peak figure at $1,329 per unit in 2014; however, from 2015 to 2022, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Austria ($1,069 per unit) and France ($1,068 per unit), while the price for Turkey ($1,067 per unit) and Thailand ($1,068 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (-0.6%), while the prices for the other major suppliers experienced a decline.
Refrigerated Show-Cases Exports in South Korea
In 2022, the amount of refrigerated show-caseses exported from South Korea dropped remarkably to 31K units, declining by -19.3% on the year before. Over the period under review, exports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 41%. As a result, the exports attained the peak of 38K units, and then reduced notably in the following year.
In value terms, refrigerated show-cases exports stood at $48M in 2022. The total export value increased at an average annual rate of +1.7% from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 26%. The exports peaked in 2022 and are expected to retain growth in years to come.
Export of Refrigerated Show-Cases in South Korea (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 31.9 | 25.5 | 32.2 | 32.0 | 0.1% |
Vietnam | 1.1 | 1.2 | 1.1 | 2.4 | 29.7% |
Indonesia | 1.3 | 0.7 | 1.7 | 1.9 | 13.5% |
Malaysia | 0.1 | 0.5 | 1.2 | 1.9 | 166.8% |
Mongolia | 1.0 | 0.5 | 1.3 | 1.7 | 19.3% |
Philippines | 0.4 | 0.4 | 0.5 | 1.3 | 48.1% |
Australia | 3.2 | 2.6 | 2.1 | 1.1 | -29.9% |
Saudi Arabia | 1.4 | 1.2 | 1.0 | 0.5 | -29.1% |
Others | 5.0 | 5.1 | 6.3 | 4.9 | -0.7% |
Total | 45.5 | 37.7 | 47.5 | 47.8 | 1.7% |
Top Export Markets for Refrigerated Show-Cases from South Korea in 2022:
- United States (20.5K units)
- Vietnam (1.5K units)
- Indonesia (1.2K units)
- Malaysia (1.2K units)
- Mongolia (1.1K units)
- Philippines (0.9K units)
- Australia (0.7K units)
- Saudi Arabia (0.3K units)
Refrigerated Show-Cases Imports in South Korea
After three years of growth, purchases abroad of refrigerated show-caseses decreased by -7.3% to 37K units in 2022. In general, total imports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +16.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +58.0% against 2019 indices. The pace of growth appeared the most rapid in 2020 with an increase of 54%. Over the period under review, imports attained the peak figure at 40K units in 2021, and then fell in the following year.
In value terms, refrigerated show-cases imports reduced to $39M in 2022. Over the period under review, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +19.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +70.2% against 2019 indices. The pace of growth appeared the most rapid in 2020 with an increase of 58% against the previous year. Over the period under review, imports attained the peak figure at $46M in 2021, and then dropped in the following year.
Import of Refrigerated Show-Cases in South Korea (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 12.0 | 19.8 | 26.7 | 23.0 | 24.2% |
Italy | 4.7 | 9.3 | 10.8 | 8.9 | 23.7% |
United States | 1.6 | 1.4 | 2.3 | 2.9 | 21.9% |
France | 0.2 | 1.9 | 1.8 | 1.5 | 95.7% |
Thailand | 1.8 | 1.5 | 2.3 | 1.0 | -17.8% |
Turkey | 0.7 | 1.1 | 0.8 | 0.8 | 4.6% |
Austria | 0.8 | 0.8 | 0.1 | 0.3 | -27.9% |
Others | 1.2 | 0.9 | 1.0 | 0.9 | -9.1% |
Total | 23.1 | 36.5 | 45.8 | 39.4 | 19.5% |
Top Suppliers of Refrigerated Show-Cases to South Korea in 2022:
- China (21.5K units)
- Italy (8.3K units)
- United States (2.7K units)
- France (1.4K units)
- Thailand (1.0K units)
- Turkey (0.8K units)
- Austria (0.3K units)
This report provides an in-depth analysis of the refrigerating show-cases market 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 28251333 - Refrigerated show-cases and counters incorporating a refrigerating unit or evaporator for frozen food storage
- Prodcom 28251335 - Refrigerated show-cases and counters incorporating a refrigerating unit or evaporator (excluding for frozen food storage)
- Prodcom 28251360 - Refrigerating furniture with a refrigerating unit or evaporator (excluding combined refrigerator-freezers, with separate external doors, household refrigerators, refrigerated showcases and counters)
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
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