Republic of Korea - Check Valves For Pipes, Boiler Shells, Tanks And Vats - Market Analysis, Forecast, Size, Trends And Insights
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View PricingCheck Valve Price in South Korea - 2022
Contents:
- Check Valve Price in South Korea (FOB) - 2022
- Check Valve Price in South Korea (CIF) - 2022
- Check Valve Exports in South Korea
- Check Valve Imports in South Korea
Check Valve Price in South Korea (FOB) - 2022
The average check valve export price stood at $25,941 per ton in December 2022, with an increase of 12% against the previous month. In general, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in August 2022 an increase of 26% against the previous month. Over the period under review, the average export prices reached the peak figure at $30,230 per ton in February 2022; however, from March 2022 to December 2022, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Mexico ($98,780 per ton), while the average price for exports to Poland ($3,235 per ton) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+11.8%), while the prices for the other major destinations experienced more modest paces of growth.
Check Valve Price in South Korea (CIF) - 2022
The average check valve import price stood at $11,188 per ton in 2022, falling by -1.5% against the previous year. In general, the import price recorded a deep downturn. The most prominent rate of growth was recorded in 2014 when the average import price increased by 22% against the previous year. As a result, import price attained the peak level of $24,979 per ton. From 2015 to 2022, the average import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($139,718 per ton), while the price for China ($4,214 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+8.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Check Valve Exports in South Korea
After two years of decline, overseas shipments of check valves for pipes, boiler shells, tanks and vats increased by 1.9% to 3.1K tons in 2022. In general, exports, however, saw a abrupt curtailment.
In value terms, check valve exports contracted slightly to $74M in 2022. Over the period under review, exports, however, continue to indicate a noticeable slump. The most prominent rate of growth was recorded in 2021 when exports increased by 3.6% against the previous year.
| Export of Check Valve in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 17.2 | 15.2 | 17.5 | 15.3 | -3.8% |
| United States | 16.0 | 10.5 | 9.1 | 10.4 | -13.4% |
| Mexico | 6.3 | 4.5 | 5.5 | 4.8 | -8.7% |
| Indonesia | 1.3 | 1.4 | 4.3 | 3.7 | 41.7% |
| India | 2.2 | 3.2 | 3.8 | 3.3 | 14.5% |
| United Arab Emirates | 3.0 | 3.3 | 1.4 | 2.3 | -8.5% |
| Japan | 3.1 | 2.3 | 2.1 | 2.2 | -10.8% |
| Singapore | 2.4 | 1.6 | 2.3 | 2.0 | -5.9% |
| Thailand | 3.5 | 1.3 | 1.5 | 1.8 | -19.9% |
| Vietnam | 1.4 | 2.8 | 1.8 | 1.7 | 6.7% |
| Saudi Arabia | 1.2 | 2.1 | 1.1 | 1.3 | 2.7% |
| Canada | 1.2 | 1.1 | 0.8 | 0.9 | -9.1% |
| Turkey | 0.4 | 0.6 | 0.8 | 0.7 | 20.5% |
| Others | 25.5 | 22.7 | 23.3 | 23.6 | -2.5% |
| Total | 84.7 | 72.7 | 75.4 | 74.1 | -4.4% |
Top Export Markets for Check Valve from South Korea in 2022:
- United States (761.2 tons)
- Indonesia (348.1 tons)
- China (285.8 tons)
- United Arab Emirates (133.5 tons)
- Vietnam (121.4 tons)
- Thailand (110.7 tons)
- Singapore (109.4 tons)
- Japan (105.9 tons)
- India (102.0 tons)
- Mexico (88.2 tons)
- Saudi Arabia (62.9 tons)
- Turkey (61.0 tons)
- Canada (60.5 tons)
Check Valve Imports in South Korea
In 2022, imports of check valves for pipes, boiler shells, tanks and vats into South Korea fell to 5.4K tons, with a decrease of -8.1% on the previous year's figure. The total import volume increased at an average annual rate of +1.6% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 19%. As a result, imports attained the peak of 5.9K tons, and then dropped in the following year.
In value terms, check valve imports contracted to $60M in 2022. Over the period under review, imports continue to indicate a pronounced decline. The growth pace was the most rapid in 2021 with an increase of 23% against the previous year. As a result, imports reached the peak of $67M, and then declined in the following year.
| Import of Check Valve in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 19.6 | 19.5 | 23.9 | 20.7 | 1.8% |
| United States | 15.3 | 15.2 | 17.5 | 15.1 | -0.4% |
| Germany | 10.2 | 4.1 | 5.3 | 5.6 | -18.1% |
| Others | 19.8 | 15.2 | 20.2 | 19.0 | -1.4% |
| Total | 64.9 | 54.0 | 66.7 | 60.4 | -2.4% |
Top Suppliers of Check Valve to South Korea in 2022:
- China (4.9K tons)
- United States (0.1K tons)
- Germany (0.1K tons)
This report provides an in-depth analysis of the check valve 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 28141160 - Check valves for pipes, boiler shells, tanks, vats and the like
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
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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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