Report Update: May 1, 2024

Republic of Korea - Machinery For Preparing Animal Feedstuffs - Market Analysis, Forecast, Size, Trends And Insights

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Feedstuff Preparing Machinery Price in South Korea - 2022

Feedstuff Preparing Machinery Price in South Korea (CIF) - 2022

The average feedstuff preparing machinery import price stood at $18,141 per unit in December 2022, rising by 13% against the previous month. In general, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in October 2022 when the average import price increased by 130% month-to-month. As a result, import price attained the peak level of $31,252 per unit; afterwards, it flattened through to December 2022.

There were significant differences in the average prices amongst the major supplying countries. In December 2022, the country with the highest price was Singapore ($41,230 per unit), while the price for China ($7,648 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 Germany (+3.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Feedstuff Preparing Machinery Price in South Korea (FOB) - 2022

The average feedstuff preparing machinery export price stood at $44,184 per unit in December 2022, picking up by 127% against the previous month. Overall, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in March 2022 an increase of 3,110% month-to-month. As a result, the export price reached the peak level of $1.3M per unit. From April 2022 to December 2022, the the average export prices remained at a somewhat lower figure.

Average prices varied somewhat for the major export markets. In December 2022, the country with the highest price was Myanmar ($54,919 per unit), while the average price for exports to Bhutan amounted to $41,501 per unit.

From February 2022 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+10.5%), while the prices for the other major destinations experienced more modest paces of growth.

Feedstuff Preparing Machinery Imports in South Korea

In 2022, after two years of decline, there was growth in supplies from abroad of machinery for preparing animal feedstuffs, when their volume increased by 4.4% to 357 units. In general, imports, however, recorded a dramatic shrinkage. Over the period under review, imports hit record highs at 1.3K units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, feedstuff preparing machinery imports declined slightly to $6.8M in 2022. Overall, imports, however, showed a dramatic downturn. The most prominent rate of growth was recorded in 2021 with an increase of 9.5%. Over the period under review, imports attained the peak figure at $18M in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Import of Feedstuff Preparing Machinery in South Korea (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	2,424	1,411	722	1,545	-13.9%
Germany	407	578	146	1,032	36.4%
France	470	252	322	723	15.4%
United States	8,864	597	292	451	-62.9%
Netherlands	3,508	1,722	1,588	242	-59.0%
Spain	3.0	184	109	196	302.8%
Israel	87.0	197	34.1	169	24.8%
Italy	211	871	47.1	25.0	-50.9%
Singapore	N/A	405	570	N/A	40.7%
Others	1,611	272	3,274	2,414	14.4%
Total	17,585	6,490	7,104	6,797	-27.2%

Top Suppliers of Feedstuff Preparing Machinery to South Korea in 2022:

China (99.0 units)
France (61.0 units)
United States (33.0 units)
Germany (24.0 units)
Israel (12.0 units)
Netherlands (9.0 units)
Spain (4.0 units)
Italy (2.0 units)

Feedstuff Preparing Machinery Exports in South Korea

In 2022, approx. 133 units of machinery for preparing animal feedstuffs were exported from South Korea; picking up by 138% compared with the previous year's figure. Overall, exports saw a strong increase. The exports peaked at 210 units in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, feedstuff preparing machinery exports surged to $1.3M in 2022. In general, exports saw a relatively flat trend pattern. Over the period under review, the exports attained the peak figure at $1.6M in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Export of Feedstuff Preparing Machinery in South Korea (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	34.0	51.8	7.0	455	137.4%
Germany	91.8	134	98.9	294	47.4%
Philippines	31.0	0.1	33.8	271	106.0%
Spain	111	27.6	28.7	N/A	-49.2%
Nigeria	79.4	436	N/A	N/A	449.1%
Uganda	122	N/A	N/A	N/A	0%
Vietnam	N/A	575	17.0	N/A	-97.0%
Cambodia	N/A	107	N/A	N/A	0%
Indonesia	686	43.6	244	N/A	-40.4%
Others	147	252	594	305	27.5%
Total	1,302	1,626	1,023	1,325	0.6%

Top Export Markets for Feedstuff Preparing Machinery from South Korea in 2022:

China (39.0 units)
Germany (31.0 units)
Philippines (31.0 units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the feedstuff preparing 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 28308300 - Machinery for preparing animal feedstuffs

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
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. 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
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. 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
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023