Republic of Korea - Pumps For Dispensing Liquids - Market Analysis, Forecast, Size, Trends And Insights
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View PricingLiquid Dispensing Pump Price in South Korea - 2022
Contents:
- Liquid Dispensing Pump Price in South Korea (CIF) - 2022
- Liquid Dispensing Pump Price in South Korea (FOB) - 2022
- Liquid Dispensing Pump Imports in South Korea
- Liquid Dispensing Pump Exports in South Korea
Liquid Dispensing Pump Price in South Korea (CIF) - 2022
The average liquid dispensing pump import price stood at $599 per unit in 2022, with an increase of 3.4% against the previous year. In general, import price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of +6.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, liquid dispensing pump import price increased by +14.3% against 2018 indices. The most prominent rate of growth was recorded in 2013 when the average import price increased by 63% against the previous year. Over the period under review, average import prices attained the peak figure at $884 per unit in 2016; however, from 2017 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Singapore ($2,765 per unit), while the price for China ($260 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+25.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Liquid Dispensing Pump Price in South Korea (FOB) - 2022
The average liquid dispensing pump export price stood at $292 per unit in 2022, dropping by -21.8% against the previous year. In general, the export price recorded a mild decline. The most prominent rate of growth was recorded in 2013 when the average export price increased by 31% against the previous year. As a result, the export price attained the peak level of $462 per unit. From 2014 to 2022, the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($614 per unit), while the average price for exports to Oman ($161 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 Taiwan (Chinese) (+9.5%), while the prices for the other major destinations experienced more modest paces of growth.
Liquid Dispensing Pump Imports in South Korea
In 2022, the amount of pumps for dispensing liquids imported into South Korea reduced to 21K units, falling by -13.2% compared with 2021 figures. In general, imports continue to indicate a slight curtailment. The pace of growth was the most pronounced in 2021 with an increase of 24%. As a result, imports reached the peak of 24K units, and then declined in the following year.
In value terms, liquid dispensing pump imports contracted to $12M in 2022. Over the period under review, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 25% against the previous year. As a result, imports attained the peak of $14M, and then reduced in the following year.
Import of Liquid Dispensing Pump in South Korea (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 1.7 | 1.9 | 3.5 | 3.5 | 27.2% |
United States | 3.3 | 2.7 | 3.5 | 3.0 | -3.1% |
Germany | 1.4 | 1.4 | 1.5 | 1.5 | 2.3% |
Japan | 0.9 | 0.5 | 1.6 | 0.9 | 0.0% |
France | 0.6 | 1.0 | 1.0 | 0.6 | 0.0% |
Sweden | 0.1 | 0.1 | 0.1 | 0.5 | 71.0% |
Poland | 0.5 | 1.2 | 0.2 | 0.2 | -26.3% |
Italy | 0.5 | 0.6 | 0.4 | 0.1 | -41.5% |
Others | 3.6 | 1.5 | 1.9 | 2.0 | -17.8% |
Total | 12.6 | 11.0 | 13.7 | 12.3 | -0.8% |
Top Suppliers of Liquid Dispensing Pump to South Korea in 2022:
- China (13.5K units)
- United States (3.3K units)
- Poland (0.7K units)
- Sweden (0.6K units)
- Germany (0.6K units)
- Japan (0.5K units)
- France (0.4K units)
- Italy (0.1K units)
Liquid Dispensing Pump Exports in South Korea
In 2022, exports of pumps for dispensing liquids from South Korea soared to 35K units, with an increase of 64% against the previous year's figure. In general, exports enjoyed a significant expansion. The pace of growth was the most pronounced in 2021 when exports increased by 64% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the immediate term.
In value terms, liquid dispensing pump exports skyrocketed to $10M in 2022. Overall, exports continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 58%. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the immediate term.
Export of Liquid Dispensing Pump in South Korea (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Malaysia | 30.0 | 40.4 | 80.8 | 4,190 | 418.8% |
Vietnam | 379 | 611 | 569 | 1,182 | 46.1% |
China | 2,652 | 1,941 | 1,410 | 920 | -29.7% |
Mexico | 69.9 | 37.4 | 67.0 | 624 | 107.4% |
Taiwan (Chinese) | 61.7 | 344 | 371 | 505 | 101.5% |
United States | 297 | 190 | 288 | 449 | 14.8% |
Indonesia | 169 | 116 | 421 | 291 | 19.9% |
Hungary | N/A | N/A | 43.6 | 287 | 558.3% |
Denmark | 34.3 | 98.7 | 56.4 | 276 | 100.4% |
Mongolia | 158 | 8.6 | 5.5 | 238 | 14.6% |
Thailand | 237 | 70.8 | 161 | 167 | -11.0% |
Others | 1,874 | 1,598 | 4,495 | 1,060 | -17.3% |
Total | 5,962 | 5,055 | 7,968 | 10,189 | 19.6% |
Top Export Markets for Liquid Dispensing Pump from South Korea in 2022:
- Malaysia (18.5K units)
- Vietnam (5.2K units)
- China (1.6K units)
- Mexico (1.2K units)
- Taiwan (Chinese) (1.0K units)
- Denmark (1.0K units)
- Mongolia (1.0K units)
- Hungary (1.0K units)
- Indonesia (0.7K units)
- United States (0.7K units)
- Thailand (0.7K units)
This report provides an in-depth analysis of the liquid dispensing pump 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 28131125 - Pumps for dispensing liquids, fitted or designed to be fitted with a measuring device (excluding for fuel or lubricants)
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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