Price for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in South Korea - 2022
Contents:
- Price for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in South Korea (CIF) - 2022
- Price for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in South Korea (FOB) - 2022
- Imports of Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in South Korea
- Exports of Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in South Korea
Price for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in South Korea (CIF) - 2022
In 2022, the average import price for millstones, grindstones, grinding wheels and the like; of natural stones amounted to $0.2 per unit, picking up by 4.7% against the previous year. Overall, the import price, however, saw a deep setback. The pace of growth was the most pronounced in 2019 when the average import price increased by 49%. Over the period under review, average import prices attained the peak figure at $0.3 per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat 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 Japan ($0.4 per unit), while the price for China ($0.1 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+6.7%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in South Korea (FOB) - 2022
In 2022, the average export price for millstones, grindstones, grinding wheels and the like; of natural stones amounted to $1.5 per unit, surging by 11% against the previous year. Over the period under review, the export price posted a strong increase. The pace of growth was the most pronounced in 2018 an increase of 136%. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in the immediate term.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($8.3 per unit), while the average price for exports to Vietnam ($0.2 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) (+33.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in South Korea
In 2022, approx. 9.8M units of millstones, grindstones, grinding wheels and the like; of natural stones were imported into South Korea; growing by 182% against the year before. Overall, imports continue to indicate a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of millstones, grindstones, grinding wheels and the like; of natural stones skyrocketed to $1.5M in 2022. Over the period under review, imports saw significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | N/A | N/A | N/A | 592 | 0% |
| Japan | 304 | 230 | 265 | 276 | -3.2% |
| China | 220 | 130 | 162 | 219 | -0.2% |
| Others | 17.3 | 12.4 | 78.9 | 405 | 186.1% |
| Total | 542 | 372 | 506 | 1,492 | 40.1% |
Top Suppliers of Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone to South Korea in 2022:
- Netherlands (5.1M units)
- China (4.0M units)
- Japan (0.7M units)
Exports of Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in South Korea
In 2022, overseas shipments of millstones, grindstones, grinding wheels and the like; of natural stones were finally on the rise to reach 886K units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, total exports indicated a temperate expansion from 2019 to 2022: its volume increased at an average annual rate of +4.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of millstones, grindstones, grinding wheels and the like; of natural stones skyrocketed to $1.3M in 2022. Overall, exports showed a strong expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 497 | 291 | 307 | 452 | -3.1% |
| Taiwan (Chinese) | 5.0 | N/A | 36.9 | 394 | 328.7% |
| Malaysia | 298 | 341 | 391 | 260 | -4.4% |
| Japan | 17.9 | 18.0 | N/A | 53.2 | 43.8% |
| Indonesia | 3.5 | 6.5 | 13.4 | 24.1 | 90.2% |
| Vietnam | 3.6 | 4.6 | 3.2 | 11.5 | 47.3% |
| Mexico | N/A | N/A | 0.9 | 4.5 | 400.0% |
| Philippines | 37.4 | 0.2 | N/A | N/A | -99.5% |
| Others | 12.7 | 4.0 | 11.7 | 146 | 125.7% |
| Total | 875 | 666 | 763 | 1,345 | 15.4% |
Top Export Markets for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone from South Korea in 2022:
- China (634.6K units)
- Vietnam (58.1K units)
- Taiwan (Chinese) (47.5K units)
- Japan (39.7K units)
- Malaysia (38.6K units)
- Indonesia (25.3K units)
- Mexico (15.5K units)
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