Republic of Korea - Dry-Cleaning Machines - Market Analysis, Forecast, Size, Trends And Insights
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View PricingDry-Cleaning Machine Price in South Korea - 2022
Contents:
- Dry-Cleaning Machine Price in South Korea (FOB) - 2022
- Dry-Cleaning Machine Price in South Korea (CIF) - 2022
- Dry-Cleaning Machine Exports in South Korea
- Dry-Cleaning Machine Imports in South Korea
Dry-Cleaning Machine Price in South Korea (FOB) - 2022
The average dry-cleaning machine export price stood at $23,716 per unit in 2022, which is down by -13% against the previous year. Overall, the export price, however, showed a resilient expansion. The growth pace was the most rapid in 2017 when the average export price increased by 134%. Over the period under review, the average export prices reached the peak figure at $27,256 per unit in 2021, and then declined in the following year.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($98,241 per unit), while the average price for exports to Indonesia ($4,835 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 Bangladesh (+44.0%), while the prices for the other major destinations experienced mixed trend patterns.
Dry-Cleaning Machine Price in South Korea (CIF) - 2022
The average dry-cleaning machine import price stood at $6,592 per unit in 2022, waning by -3.9% against the previous year. Overall, the import price recorded a noticeable setback. The pace of growth was the most pronounced in 2013 an increase of 178%. The import price peaked at $30,992 per unit in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($21,350 per unit), while the price for Japan stood at $4,997 per unit.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+17.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Dry-Cleaning Machine Exports in South Korea
In 2022, shipments abroad of dry-cleaning machines increased by 18% to 99 units for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, showed a abrupt decline. Over the period under review, the exports reached the peak figure at 123 units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, dry-cleaning machine exports expanded slightly to $2.3M in 2022. The total export value increased at an average annual rate of +13.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when exports increased by 48% against the previous year. As a result, the exports reached the peak of $2.4M. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Dry-Cleaning Machine in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1,473 | 1,322 | 1,470 | 1,946 | 9.7% |
| Vietnam | 106 | 671 | 293 | 378 | 52.8% |
| Indonesia | 7.0 | 1.6 | 25.3 | 23.2 | 49.1% |
| Others | 40.2 | 412 | 501 | N/A | 253.0% |
| Total | 1,626 | 2,406 | 2,290 | 2,348 | 13.0% |
Top Export Markets for Dry-Cleaning Machine from South Korea in 2022:
- Vietnam (74.0 units)
- United States (20.0 units)
- Indonesia (5.0 units)
Dry-Cleaning Machine Imports in South Korea
Dry-cleaning machine imports into South Korea soared to 91 units in 2022, rising by 32% against the previous year. Overall, total imports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +17.6% 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 +62.5% against 2019 indices. The growth pace was the most rapid in 2020 when imports increased by 43% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to continue growth in years to come.
In value terms, dry-cleaning machine imports surged to $600K in 2022. Over the period under review, imports, however, faced a sharp setback. Imports peaked at $1.5M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
| Import of Dry-Cleaning Machine in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 684 | 341 | 317 | 409 | -15.8% |
| Italy | 289 | 262 | 19.5 | 185 | -13.8% |
| Germany | 509 | 112 | N/A | N/A | -78.0% |
| United States | N/A | 0.1 | 137 | N/A | 136900.0% |
| Others | 7.1 | 11.8 | N/A | 6.6 | -2.4% |
| Total | 1,490 | 727 | 473 | 600 | -26.2% |
Top Suppliers of Dry-Cleaning Machine to South Korea in 2022:
- Japan (82.0 units)
- Italy (9.0 units)
This report provides an in-depth analysis of the dry-cleaning machine 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 28942250 - Dry-cleaning machines
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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