Republic of Korea - Blow Lamps - Market Analysis, Forecast, Size, Trends And Insights
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View PricingBlow Lamp Price in South Korea - 2022
Contents:
- Blow Lamp Price in South Korea (FOB) - 2022
- Blow Lamp Price in South Korea (CIF) - 2022
- Blow Lamp Exports in South Korea
- Blow Lamp Imports in South Korea
Blow Lamp Price in South Korea (FOB) - 2022
The average blow lamp export price stood at $33,137 per ton in 2022, increasing by 19% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +4.0%. The pace of growth was the most pronounced in 2014 an increase of 24% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is likely to continue growth in the near future.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($51,739 per ton), while the average price for exports to the Philippines ($7,861 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+16.8%), while the prices for the other major destinations experienced more modest paces of growth.
Blow Lamp Price in South Korea (CIF) - 2022
The average blow lamp import price stood at $14,266 per ton in 2022, which is down by -30.9% against the previous year. Over the period under review, the import price saw a abrupt curtailment. The most prominent rate of growth was recorded in 2017 an increase of 36%. Over the period under review, average import prices attained the peak figure at $85,891 per ton 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 ($59,089 per ton), while the price for China ($13,139 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (-3.8%), while the prices for the other major suppliers experienced a decline.
Blow Lamp Exports in South Korea
In 2022, shipments abroad of blow lamps decreased by -27.9% to 67 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, total exports indicated pronounced growth from 2019 to 2022: its volume increased at an average annual rate of +3.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when exports increased by 31% against the previous year.
In value terms, blow lamp exports contracted to $2.2M in 2022. The total export value increased at an average annual rate of +4.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when exports increased by 19%. As a result, the exports attained the peak of $2.6M, and then shrank in the following year.
| Export of Blow Lamp in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | 462 | 388 | 381 | 703 | 15.0% |
| Hong Kong SAR | 273 | 340 | 542 | 307 | 4.0% |
| Thailand | 135 | 86.5 | 130 | 263 | 24.9% |
| United Kingdom | 243 | 182 | 182 | 172 | -10.9% |
| Russia | 56.6 | 114 | 172 | 82.8 | 13.5% |
| Australia | 187 | 300 | 151 | 78.6 | -25.1% |
| Vietnam | 50.2 | 41.5 | 34.2 | 73.8 | 13.7% |
| United Arab Emirates | 0.4 | 3.3 | N/A | 62.9 | 439.8% |
| Germany | N/A | 25.7 | 23.5 | 58.8 | 51.3% |
| United States | 50.1 | 38.7 | 119 | 53.4 | 2.1% |
| New Zealand | 7.6 | 20.0 | 47.5 | 49.8 | 87.1% |
| Mongolia | N/A | 19.7 | 7.7 | 24.1 | 10.6% |
| Philippines | 3.2 | 0.2 | 3.7 | 16.1 | 71.4% |
| Others | 499 | 644 | 824 | 290 | -16.5% |
| Total | 1,966 | 2,203 | 2,617 | 2,235 | 4.4% |
Top Export Markets for Blow Lamp from South Korea in 2022:
- Sweden (19.0 tons)
- Hong Kong SAR (11.4 tons)
- Thailand (6.8 tons)
- United Kingdom (3.3 tons)
- Australia (3.0 tons)
- Russia (2.9 tons)
- Vietnam (2.4 tons)
- United Arab Emirates (2.1 tons)
- Germany (2.1 tons)
- Philippines (2.0 tons)
- United States (1.6 tons)
- Mongolia (1.6 tons)
- New Zealand (1.5 tons)
Blow Lamp Imports in South Korea
For the fourth consecutive year, South Korea recorded growth in overseas purchases of blow lamps, which increased by 87% to 161 tons in 2022. In general, imports enjoyed significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, blow lamp imports soared to $2.3M in 2022. Over the period under review, imports showed a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 82%. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Blow Lamp in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 363 | 856 | 1,624 | 2,017 | 77.1% |
| Vietnam | 121 | 17.0 | 40.7 | 73.5 | -15.3% |
| Others | 77.1 | 103 | 114 | 210 | 39.7% |
| Total | 562 | 976 | 1,779 | 2,300 | 60.0% |
Top Suppliers of Blow Lamp to South Korea in 2022:
- China (153.5 tons)
- Vietnam (4.0 tons)
This report provides an in-depth analysis of the blow lamp 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 25733083 - Blow lamps (excluding gas-operated welding appliances)
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
-
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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