Republic of Korea - Way-Type Unit Heads for Working Metal - Market Analysis, Forecast, Size, Trends and Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingRepublic of Korea: Way-Type Unit Head Market 2024
Way-Type Unit Head Market Size in Republic of Korea
After four years of growth, the South Korean way-type unit head market decreased by -22.9% to $X in 2021. In general, consumption, however, continues to indicate a significant expansion. As a result, consumption attained the peak level of $X, and then shrank sharply in the following year.
Way-Type Unit Head Production in Republic of Korea
In value terms, way-type unit head production reduced notably to $X in 2021 estimated in export price. In general, production, however, recorded significant growth. The pace of growth was the most pronounced in 2020 with an increase of 91%. As a result, production reached the peak level of $X, and then contracted significantly in the following year.
Way-Type Unit Head Exports
Exports from Republic of Korea
In 2021, way-type unit head exports from South Korea reduced notably to X tons, waning by -77.8% against the previous year's figure. Overall, exports faced a deep downturn. The pace of growth appeared the most rapid in 2018 with an increase of 383% against the previous year. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2021, the exports remained at a lower figure.
In value terms, way-type unit head exports shrank markedly to $X in 2021. Over the period under review, exports saw a pronounced reduction. The most prominent rate of growth was recorded in 2020 with an increase of 356% against the previous year. Over the period under review, the exports reached the maximum at $X in 2015; however, from 2016 to 2021, the exports failed to regain momentum.
Exports by Country
France (X tons) was the main destination for way-type unit head exports from South Korea, with a 60% share of total exports. Moreover, way-type unit head exports to France exceeded the volume sent to the second major destination, Thailand (X tons), fourfold. The third position in this ranking was taken by the Czech Republic (X tons), with an 8.1% share.
From 2012 to 2021, the average annual growth rate of volume to France was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (+22.8% per year) and the Czech Republic (+57.5% per year).
In value terms, the largest markets for way-type unit head exported from South Korea were France ($X), the Czech Republic ($X) and Thailand ($X), together comprising 37% of total exports.
The Czech Republic, with a CAGR of +38.4%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.
Export Prices by Country
In 2021, the average way-type unit head export price amounted to $X per ton, increasing by 69% against the previous year. Overall, the export price continues to indicate a strong expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was the Czech Republic ($X per ton), while the average price for exports to Peru ($X 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 Brazil (+39.2%), while the prices for the other major destinations experienced more modest paces of growth.
Way-Type Unit Head Imports
Imports into Republic of Korea
Way-type unit head imports into South Korea skyrocketed to X tons in 2021, picking up by 76% on the year before. Overall, imports, however, continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2020 when imports increased by 275%. Over the period under review, imports attained the peak figure at X tons in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.
In value terms, way-type unit head imports surged to $X in 2021. In general, imports, however, continue to indicate a deep setback. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.
Imports by Country
In 2021, Japan (X tons) constituted the largest supplier of way-type unit head to South Korea, with a 61% share of total imports. Moreover, way-type unit head imports from Japan exceeded the figures recorded by the second-largest supplier, China (X kg), fivefold. The third position in this ranking was taken by the UK (X kg), with a 9.2% share.
From 2012 to 2021, the average annual growth rate of volume from Japan amounted to +10.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-10.5% per year) and the UK (-24.1% per year).
In value terms, Japan ($X) constituted the largest supplier of way-type unit heads for working metal to South Korea, comprising 64% of total imports. The second position in the ranking was taken by the UK ($X), with a 29% share of total imports. It was followed by China, with a 4.8% share.
From 2012 to 2021, the average annual rate of growth in terms of value from Japan amounted to +6.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (-17.4% per year) and China (-7.0% per year).
Import Prices by Country
The average way-type unit head import price stood at $X per ton in 2021, with an increase of 227% against the previous year. Over the period under review, the import price recorded a mild expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the UK ($X per ton), while the price for Hungary ($X per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+1,169.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Source: IndexBox Platform
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the way-type unit head 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 28412233 - Way-type unit heads for working metal by drilling, boring, m illing, threading or tapping
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.
-
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
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
-
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
-
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
-
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
-
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
-
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
-
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
Recommended reports
This report provides an in-depth analysis of the way-type unit head market in Asia.
This report provides an in-depth analysis of the global way-type unit head market.
This report provides an in-depth analysis of the way-type unit head market in the EU.
This report provides an in-depth analysis of the way-type unit head market in the U.S..
This report provides an in-depth analysis of the way-type unit head market in China.
- Way-Type Unit Head Price South Korea
- Way-Type Unit Head Market
- Machine-Tool for Removing Material Market
- Horizontal Machining Centre Market
- Unit Construction Machine Market
- Multi-Station Transfer Machine Market
- Lathe for Removing Metal Market
- Non-Numerically Controlled Lathe Market
- Numerically Controlled Drilling Machine Market
- Non-Numerically Controlled Drilling Machine Market