Calculating Machines; Non-Electronic Price in South Korea - 2022
Contents:
- Calculating Machines; Non-Electronic Price in South Korea (CIF) - 2022
- Calculating Machines; Non-Electronic Price in South Korea (FOB) - 2022
- Calculating Machines; Non-Electronic Imports in South Korea
- Calculating Machines; Non-Electronic Exports in South Korea
Calculating Machines; Non-Electronic Price in South Korea (CIF) - 2022
The average calculating machines; non-electronic import price stood at $115 per unit in 2022, jumping by 74% against the previous year. Overall, the import price recorded significant growth. The pace of growth was the most pronounced in 2021 an increase of 213% against the previous year. The import price peaked in 2022 and is likely to continue growth in the immediate term.
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 China ($118 per unit), while the price for Germany ($12 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+47.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Calculating Machines; Non-Electronic Price in South Korea (FOB) - 2022
In 2022, the average calculating machines; non-electronic export price amounted to $16 per unit, with a decrease of -55.1% against the previous year. Overall, the export price showed a abrupt setback. The most prominent rate of growth was recorded in 2016 when the average export price increased by 334% against the previous year. The export price peaked at $83 per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Mexico ($45 per unit), while the average price for exports to the United States ($13 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 Australia (+38.7%), while the prices for the other major destinations experienced a decline.
Calculating Machines; Non-Electronic Imports in South Korea
Calculating machines; non-electronic imports into South Korea fell to 11K units in 2022, reducing by -8.6% on 2021 figures. Overall, imports showed a precipitous decrease. Over the period under review, imports reached the peak figure at 51K units in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, calculating machines; non-electronic imports soared to $1.2M in 2022. In general, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +8.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Calculating Machines; Non-Electronic in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 705 | 434 | 543 | 886 | 7.9% |
| Singapore | 220 | 172 | 112 | 162 | -9.7% |
| Philippines | N/A | 164 | 67.9 | 144 | -6.3% |
| Germany | 0.1 | N/A | 1.9 | 2.4 | 188.4% |
| Others | 24.7 | 23.0 | 38.4 | 18.5 | -9.2% |
| Total | 949 | 794 | 763 | 1,213 | 8.5% |
Top Suppliers of Calculating Machines; Non-Electronic to South Korea in 2022:
- China (7.5K units)
- Singapore (1.4K units)
- Philippines (1.2K units)
- Germany (0.2K units)
Calculating Machines; Non-Electronic Exports in South Korea
In 2022, overseas shipments of calculating machines; non-electronics decreased by -71% to 291 units, falling for the second year in a row after two years of growth. Overall, exports, however, recorded a significant expansion. The growth pace was the most rapid in 2020 with an increase of 2,213% against the previous year. As a result, the exports reached the peak of 2.8K units. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, calculating machines; non-electronic exports shrank rapidly to $4.5K in 2022. In general, exports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 2,848%. As a result, the exports reached the peak of $60K. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Calculating Machines; Non-Electronic in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1.1 | 11.2 | N/A | 3.5 | 47.1% |
| Mexico | N/A | N/A | 8.5 | 0.3 | -96.5% |
| Saudi Arabia | N/A | N/A | N/A | 0.2 | 0% |
| Australia | N/A | N/A | N/A | 0.1 | 0% |
| Iraq | N/A | 0.2 | N/A | N/A | 0% |
| Indonesia | N/A | 27.4 | N/A | N/A | 0% |
| Poland | N/A | 19.7 | N/A | N/A | 0% |
| Egypt | N/A | N/A | 2.9 | N/A | 0% |
| Lao People's Democratic Republic | N/A | N/A | 23.3 | N/A | 0% |
| Others | 0.9 | 1.8 | N/A | 0.5 | -17.8% |
| Total | 2.0 | 60.3 | 34.7 | 4.5 | 31.0% |
Top Export Markets for Calculating Machines; Non-Electronic from South Korea in 2022:
- United States (258.0 units)
- Saudi Arabia (10.0 units)
- Mexico (6.0 units)
- Australia (5.0 units)
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