Republic of Korea - Concrete Pumps - Market Analysis, Forecast, Size, Trends And Insights
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View PricingConcrete Pump Price in South Korea - 2022
Contents:
- Concrete Pump Price in South Korea (FOB) - 2022
- Concrete Pump Price in South Korea (CIF) - 2022
- Concrete Pump Exports in South Korea
- Concrete Pump Imports in South Korea
Concrete Pump Price in South Korea (FOB) - 2022
In December 2022, the average concrete pump export price amounted to $57,201 per unit, approximately mirroring the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.4%. The pace of growth was the most pronounced in January 2022 when the average export price increased by 19% against the previous month. Over the period under review, the average export prices attained the peak figure at $57,201 per unit in May 2022; afterwards, it flattened through to December 2022.
Average prices varied noticeably for the major overseas markets. In December 2022, the highest price was recorded for prices to Sweden ($57,203 per unit) and Saudi Arabia ($57,202 per unit), while the average price for exports to Israel ($57,200 per unit) and Canada ($57,200 per unit) were amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (+1.4%), while the prices for the other major destinations experienced more modest paces of growth.
Concrete Pump Price in South Korea (CIF) - 2022
The average concrete pump import price stood at $65,903 per unit in 2022, increasing by 13% against the previous year. Overall, import price indicated a resilient increase from 2012 to 2022: its price increased at an average annual rate of +7.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, concrete pump import price increased by +26.2% against 2020 indices. The pace of growth appeared the most rapid in 2013 an increase of 56%. Over the period under review, average import prices attained the maximum at $72,991 per unit in 2018; however, from 2019 to 2022, import prices remained at a 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 Germany ($83,448 per unit), while the price for China ($32,700 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+10.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Concrete Pump Exports in South Korea
After three years of growth, shipments abroad of concrete pumps decreased by -14.3% to 2.3K units in 2022. Over the period under review, total exports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +13.9% 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 +48.0% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 72%. As a result, the exports attained the peak of 2.7K units, and then shrank in the following year.
In value terms, concrete pump exports expanded to $132M in 2022. In general, total exports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +8.4% 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 +44.9% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 43%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the immediate term.
| Export of Concrete Pump in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 40.3 | 50.8 | 58.8 | 50.7 | 8.0% |
| United States | 6.3 | 6.3 | 11.3 | 19.0 | 44.5% |
| Israel | 10.8 | 7.4 | 11.1 | 13.1 | 6.6% |
| Saudi Arabia | 3.5 | 2.4 | 17.2 | 9.2 | 38.0% |
| Australia | 9.3 | 3.9 | 6.6 | 6.1 | -13.1% |
| Turkey | 0.8 | 3.7 | 3.8 | 5.2 | 86.6% |
| France | 0.2 | 0.8 | 2.2 | 4.5 | 182.3% |
| Austria | 4.2 | 2.1 | 3.2 | 3.6 | -5.0% |
| United Kingdom | 1.0 | 0.9 | 1.3 | 3.0 | 44.2% |
| Sweden | 2.0 | 0.8 | 1.6 | 2.5 | 7.7% |
| Others | 25.4 | 12.2 | 13.2 | 15.3 | -15.5% |
| Total | 104 | 91.2 | 130 | 132 | 8.3% |
Top Export Markets for Concrete Pump from South Korea in 2022:
- Canada (887.0 units)
- United States (332.0 units)
- Israel (228.0 units)
- Saudi Arabia (160.0 units)
- Australia (107.0 units)
- Turkey (91.0 units)
- France (78.0 units)
- Austria (63.0 units)
- United Kingdom (53.0 units)
- Sweden (44.0 units)
Concrete Pump Imports in South Korea
In 2022, supplies from abroad of concrete pumps decreased by 0% to 21 units, falling for the second consecutive year after two years of growth. Over the period under review, imports recorded a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 590%. As a result, imports attained the peak of 69 units. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, concrete pump imports rose notably to $1.4M in 2022. Overall, imports saw a significant increase. The growth pace was the most rapid in 2020 when imports increased by 467% against the previous year. As a result, imports attained the peak of $3.6M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
| Import of Concrete Pump in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 223 | 630 | 486 | 588 | 38.2% |
| Australia | N/A | N/A | N/A | 357 | 0% |
| Czech Republic | N/A | N/A | N/A | 136 | 0% |
| Canada | N/A | 61.0 | N/A | 120 | 40.3% |
| Germany | 73.5 | 162 | 39.2 | 83.4 | 4.3% |
| United States | 173 | 2,538 | 539 | 66.6 | -27.3% |
| China | 122 | 2.3 | 29.8 | 32.7 | -35.5% |
| Russia | N/A | 84.1 | N/A | N/A | 0% |
| Turkey | N/A | 125 | 135 | N/A | 8.0% |
| Others | 42.7 | N/A | N/A | N/A | 0% |
| Total | 635 | 3,602 | 1,229 | 1,384 | 29.7% |
Top Suppliers of Concrete Pump to South Korea in 2022:
- Italy (9.0 units)
- Australia (5.0 units)
- Canada (2.0 units)
- Czech Republic (2.0 units)
- United States (1.0 units)
- Germany (1.0 units)
- China (1.0 units)
This report provides an in-depth analysis of the concrete pump 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 28131185 - Concrete pumps
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
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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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