Report Update: May 6, 2024

Republic of Korea - Dryers For The Treatment Of Agricultural Products - Market Analysis, Forecast, Size, Trends And Insights

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Agricultural Product Dryer Price in South Korea - 2021

Agricultural Product Dryer Price in South Korea (FOB) - 2022

In 2022, the average agricultural product dryer export price amounted to $35,890 per unit, standing approx. at the previous year. In general, the export price showed a noticeable downturn. The pace of growth appeared the most rapid in 2019 when the average export price increased by 72%. The export price peaked at $48,708 per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Cambodia ($107,840 per unit), while the average price for exports to Myanmar ($2,593 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 Cambodia (+7.6%), while the prices for the other major destinations experienced mixed trend patterns.

Agricultural Product Dryer Price in South Korea (CIF) - 2022

The average agricultural product dryer import price stood at $19,310 per unit in 2022, jumping by 20% against the previous year. Over the period under review, the import price, however, saw a drastic downturn. The most prominent rate of growth was recorded in 2013 an increase of 130% against the previous year. As a result, import price reached the peak level of $167,706 per unit. From 2014 to 2022, the average 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 Japan ($1,359,921 per unit), while the price for China ($8,357 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Denmark (+36.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Agricultural Product Dryer Exports in South Korea

In 2022, exports of dryers for the treatment of agricultural products from South Korea fell dramatically to 139 units, waning by -28.4% against the previous year's figure. Overall, exports, however, enjoyed tangible growth. The pace of growth was the most pronounced in 2021 with an increase of 126%. As a result, the exports reached the peak of 194 units, and then fell dramatically in the following year.

In value terms, agricultural product dryer exports shrank significantly to $5M in 2022. Over the period under review, exports recorded a drastic downturn. The pace of growth appeared the most rapid in 2021 with an increase of 137%. As a result, the exports attained the peak of $7M, and then contracted markedly in the following year.

Export of Agricultural Product Dryer in South Korea (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Philippines	1,943	731	2,607	1,878	-1.1%
China	246	33.3	1,287	927	55.6%
Japan	1,130	720	1,264	911	-6.9%
Indonesia	1,261	603	367	521	-25.5%
Sri Lanka	337	197	403	290	-4.9%
Vietnam	184	197	152	125	-12.1%
India	13.4	12.3	127	91.2	89.5%
Myanmar	63.2	25.7	0.8	20.9	-30.8%
Others	837	436	804	220	-35.9%
Total	6,014	2,954	7,012	4,983	-6.1%

Top Export Markets for Agricultural Product Dryer from South Korea in 2022:

Philippines (38.0 units)
Japan (29.0 units)
Indonesia (25.0 units)
China (12.0 units)
Sri Lanka (9.0 units)
Myanmar (8.0 units)
Vietnam (6.0 units)
India (4.0 units)

Agricultural Product Dryer Imports in South Korea

In 2022, the amount of dryers for the treatment of agricultural products imported into South Korea skyrocketed to 58 units, surging by 41% on the previous year. Over the period under review, total imports indicated significant growth from 2019 to 2022: its volume increased at an average annual rate of +24.6% 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 +93.3% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 70%. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, agricultural product dryer imports surged to $1.1M in 2022. In general, imports saw a relatively flat trend pattern. Imports peaked at $1.6M in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Import of Agricultural Product Dryer in South Korea (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	108	523	298	419	57.1%
Taiwan (Chinese)	579	10.4	28.5	243	-25.1%
United States	263	12.3	95.7	150	-17.1%
Others	156	1,024	236	303	24.8%
Total	1,106	1,570	659	1,114	0.2%

Top Suppliers of Agricultural Product Dryer to South Korea in 2022:

China (50.0 units)
United States (6.0 units)
Taiwan (Chinese) (1.0 units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the agricultural product dryer 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 28931600 - Dryers for the treatment of agricultural products by a process involving a change in temperature

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
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. 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
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. 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
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. 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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. 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
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. 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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023