Republic of Korea - Industrial Machinery For The Manufacture Or Preparation Of Confectionery, Cocoa Or Chocolate - Market Analysis, Forecast, Size, Trends And Insights
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View PricingConfectionery-Making Industrial Machinery Price in South Korea - 2022
Contents:
- Confectionery-Making Industrial Machinery Price in South Korea (FOB) - 2022
- Confectionery-Making Industrial Machinery Price in South Korea (CIF) - 2022
- Confectionery-Making Industrial Machinery Exports in South Korea
- Confectionery-Making Industrial Machinery Imports in South Korea
Confectionery-Making Industrial Machinery Price in South Korea (FOB) - 2022
The average confectionery-making industrial machinery export price stood at $14,161 per unit in 2022, picking up by 3.9% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +4.4%. The pace of growth was the most pronounced in 2013 when the average export price increased by 19% against the previous year. Over the period under review, the average export prices reached the maximum at $14,217 per unit in 2020; afterwards, it flattened through to 2022.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was China ($21,558 per unit), while the average price for exports to the United States ($8,697 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 India (+13.6%), while the prices for the other major destinations experienced more modest paces of growth.
Confectionery-Making Industrial Machinery Price in South Korea (CIF) - 2022
In 2022, the average confectionery-making industrial machinery import price amounted to $12,433 per unit, with a decrease of -22% against the previous year. Overall, the import price continues to indicate a pronounced slump. The most prominent rate of growth was recorded in 2013 when the average import price increased by 48%. As a result, import price reached the peak level of $24,586 per unit. From 2014 to 2022, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($45,188 per unit), while the price for China ($6,140 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+6.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Confectionery-Making Industrial Machinery Exports in South Korea
Confectionery-making industrial machinery exports from South Korea soared to 810 units in 2022, increasing by 23% against the previous year. Overall, exports recorded a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 232%. As a result, the exports attained the peak of 983 units. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, confectionery-making industrial machinery exports skyrocketed to $11M in 2022. Over the period under review, exports posted a significant expansion. The growth pace was the most rapid in 2020 when exports increased by 277% against the previous year. As a result, the exports attained the peak of $14M. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
Export of Confectionery-Making Industrial Machinery in South Korea (Thousand USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Vietnam | 1,087 | 4,409 | 4,509 | 4,957 | 65.8% |
Russia | 569 | 567 | 1,996 | 2,194 | 56.8% |
Indonesia | 64.0 | 2,531 | 164 | 832 | 135.1% |
India | 319 | 1,569 | 242 | 726 | 31.5% |
China | 437 | 1,058 | 168 | 619 | 12.3% |
Italy | 80.2 | 521 | 485 | 533 | 88.0% |
Bulgaria | 248 | 483 | 169 | 343 | 11.4% |
United States | 25.9 | 246 | 149 | 164 | 85.0% |
Israel | 84.7 | 270 | 59.2 | 149 | 20.7% |
Others | 792 | 2,322 | 1,023 | 953 | 6.4% |
Total | 3,707 | 13,977 | 8,964 | 11,470 | 45.7% |
Top Export Markets for Confectionery-Making Industrial Machinery from South Korea in 2022:
- Vietnam (300.0 units)
- Russia (208.0 units)
- India (45.0 units)
- Italy (44.0 units)
- Indonesia (43.0 units)
- China (29.0 units)
- Bulgaria (29.0 units)
- United States (19.0 units)
- Israel (13.0 units)
Confectionery-Making Industrial Machinery Imports in South Korea
In 2022, approx. 482 units of industrial machinery for the manufacture or preparation of confectionery, cocoa or chocolate were imported into South Korea; which is down by -8.5% compared with the previous year's figure. Over the period under review, imports continue to indicate a precipitous curtailment. The growth pace was the most rapid in 2021 when imports increased by 79%. Over the period under review, imports reached the peak figure at 1K units in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, confectionery-making industrial machinery imports reduced dramatically to $6M in 2022. Overall, imports showed a precipitous setback. The most prominent rate of growth was recorded in 2021 with an increase of 133% against the previous year. Over the period under review, imports attained the maximum at $12M in 2019; however, from 2020 to 2022, imports remained at a lower figure.
Import of Confectionery-Making Industrial Machinery in South Korea (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 4.8 | 1.0 | 1.5 | 1.7 | -29.2% |
Italy | 1.7 | 0.7 | 1.5 | 1.3 | -8.6% |
Germany | 1.6 | 0.4 | 1.5 | 1.2 | -9.1% |
Japan | 1.6 | 0.2 | 1.0 | 0.8 | -20.6% |
Switzerland | 0.4 | 0.6 | 0.4 | 0.4 | 0.0% |
Turkey | N/A | N/A | 0.3 | 0.2 | -33.3% |
Others | 1.7 | 0.7 | 2.2 | 0.4 | -38.3% |
Total | 11.9 | 3.6 | 8.4 | 6.0 | -20.4% |
Top Suppliers of Confectionery-Making Industrial Machinery to South Korea in 2022:
- China (272.0 units)
- Italy (106.0 units)
- Japan (32.0 units)
- Germany (27.0 units)
- Turkey (17.0 units)
- Switzerland (17.0 units)
This report provides an in-depth analysis of the confectionery-making industrial machinery 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 28931720 - Industrial machinery for the manufacture or preparation of confectionery, cocoa or chocolate
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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