Republic of Korea - Centrifuges - Market Analysis, Forecast, Size, Trends And Insights
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View PricingCentrifuges Price in South Korea - 2022
Contents:
- Centrifuges Price in South Korea (CIF) - 2022
- Centrifuges Price in South Korea (FOB) - 2022
- Centrifuges Imports in South Korea
- Centrifuges Exports in South Korea
Centrifuges Price in South Korea (CIF) - 2022
The average centrifuges import price stood at $4,020 per unit in December 2022, dropping by -15.8% against the previous month. Overall, the import price continues to indicate a perceptible descent. The pace of growth appeared the most rapid in July 2022 when the average import price increased by 67% m-o-m. The import price peaked at $8,076 per unit in March 2022; afterwards, it flattened through to December 2022.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($8,024 per unit), while the price for Thailand ($693 per unit) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by Thailand (-0.2%), while the prices for the other major suppliers experienced a decline.
Centrifuges Price in South Korea (FOB) - 2022
The average centrifuges export price stood at $16,456 per unit in 2022, dropping by -39% against the previous year. Over the period under review, the export price continues to indicate a noticeable downturn. The pace of growth was the most pronounced in 2017 an increase of 142%. Over the period under review, the average export prices reached the maximum at $26,983 per unit in 2021, and then contracted markedly in the following year.
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 Indonesia ($177,804 per unit), while the average price for exports to Norway ($3,044 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 Indonesia (+12.3%), while the prices for the other major destinations experienced mixed trend patterns.
Centrifuges Imports in South Korea
For the third consecutive year, South Korea recorded decline in overseas purchases of centrifuges, which decreased by -29.5% to 3.4K units in 2022. Overall, imports faced a dramatic shrinkage. Over the period under review, imports hit record highs at 20K units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, centrifuges imports dropped to $60M in 2022. In general, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +10.2% 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 +33.8% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 39%. As a result, imports reached the peak of $70M, and then dropped in the following year.
| Import of Centrifuges in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 11.6 | 11.0 | 13.5 | 15.2 | 9.4% |
| Germany | 13.5 | 17.3 | 14.9 | 12.2 | -3.3% |
| United States | 5.7 | 6.3 | 5.5 | 4.5 | -7.6% |
| Italy | 2.8 | 1.6 | 1.3 | 1.5 | -18.8% |
| Others | 11.2 | 14.2 | 34.6 | 26.7 | 33.6% |
| Total | 44.9 | 50.3 | 69.8 | 60.0 | 10.1% |
Top Suppliers of Centrifuges to South Korea in 2022:
- China (2421.0 units)
- United States (420.0 units)
- Germany (136.0 units)
- Italy (17.0 units)
Centrifuges Exports in South Korea
In 2022, approx. 690 units of centrifuges were exported from South Korea; growing by 41% on 2021. Overall, total exports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +12.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +43.8% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, centrifuges exports reduced to $11M in 2022. In general, exports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 38%. As a result, the exports reached the peak of $13M, and then shrank in the following year.
| Export of Centrifuges in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 364 | 731 | 1,576 | 2,225 | 82.8% |
| United States | 797 | 618 | 686 | 1,450 | 22.1% |
| China | 1,456 | 1,589 | 1,026 | 1,081 | -9.5% |
| Vietnam | 1,219 | 1,198 | 476 | 852 | -11.3% |
| Thailand | 969 | 237 | 76.1 | 354 | -28.5% |
| Saudi Arabia | 430 | 131 | 242 | 342 | -7.3% |
| Malaysia | 1,051 | 14.6 | 30.0 | 297 | -34.4% |
| Japan | 740 | 134 | 81.0 | 208 | -34.5% |
| India | 119 | 207 | 139 | 196 | 18.1% |
| United Arab Emirates | 65.5 | 316 | 118 | 166 | 36.3% |
| Mauritius | 57.3 | 84.0 | 28.1 | 101 | 20.8% |
| Norway | 28.4 | 165 | 14.6 | 87.5 | 45.5% |
| Russia | 20.0 | 52.9 | 30.8 | 43.5 | 29.6% |
| Others | 4,106 | 4,058 | 8,642 | 3,947 | -1.3% |
| Total | 11,423 | 9,534 | 13,167 | 11,351 | -0.2% |
Top Export Markets for Centrifuges from South Korea in 2022:
- United States (333.0 units)
- China (38.0 units)
- Norway (29.0 units)
- India (22.0 units)
- Thailand (20.0 units)
- Vietnam (14.0 units)
- United Arab Emirates (13.0 units)
- Indonesia (13.0 units)
- Russia (11.0 units)
- Malaysia (9.0 units)
- Saudi Arabia (8.0 units)
- Japan (6.0 units)
- Mauritius (5.0 units)
This report provides an in-depth analysis of the centrifuges 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 32501380 - Centrifuges of a kind used in laboratories (excluding cream separators, clothes dryers)
- Prodcom 28294100 - Centrifuges (excluding cream separators, clothes dryers, t hose used in laboratories)
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
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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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