Republic of Korea - Industrial Machinery For The Preparation Of Fruits, Nuts Or Vegetables - Market Analysis, Forecast, Size, Trends And Insights
Report Update: May 1, 2024

Republic of Korea - Industrial Machinery For The Preparation Of Fruits, Nuts Or Vegetables - Market Analysis, Forecast, Size, Trends And Insights

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Fruit-Preparation Industrial Machinery Price in South Korea - 2022

Contents:

  1. Fruit-Preparation Industrial Machinery Price in South Korea (CIF) - 2022
  2. Fruit-Preparation Industrial Machinery Price in South Korea (FOB) - 2022
  3. Fruit-Preparation Industrial Machinery Imports in South Korea
  4. Fruit-Preparation Industrial Machinery Exports in South Korea

Fruit-Preparation Industrial Machinery Price in South Korea (CIF) - 2022

The average fruit-preparation industrial machinery import price stood at $15,918 per unit in December 2022, falling by -40% against the previous month. Over the period under review, the import price recorded a noticeable descent. The pace of growth was the most pronounced in July 2022 an increase of 191% month-to-month. As a result, import price reached the peak level of $49,001 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 Japan ($312K per unit), while the price for China ($6,189 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 Taiwan (Chinese) (+20.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Fruit-Preparation Industrial Machinery Price in South Korea (FOB) - 2022

In 2022, the average fruit-preparation industrial machinery export price amounted to $813 per unit, waning by -8.9% against the previous year. In general, the export price, however, posted a prominent increase. The pace of growth was the most pronounced in 2020 when the average export price increased by 102%. Over the period under review, the average export prices reached the peak figure at $892 per unit in 2021, and then dropped in the following year.

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 the United States ($1,698 per unit), while the average price for exports to Singapore ($98 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 the United States (+25.7%), while the prices for the other major destinations experienced more modest paces of growth.

Fruit-Preparation Industrial Machinery Imports in South Korea

Fruit-preparation industrial machinery imports into South Korea soared to 832 units in 2022, rising by 204% compared with the previous year. Overall, imports showed a strong expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, fruit-preparation industrial machinery imports surged to $6.1M in 2022. In general, imports, however, showed a abrupt decline. Over the period under review, imports reached the peak figure at $8.3M in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Import of Fruit-Preparation Industrial Machinery in South Korea (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China1,1751,2494421,5178.9%
Netherlands0.81,9825191,2351055.7%
United States1,891892417980-19.7%
Italy488863137299-15.1%
Sweden2,081479293294-47.9%
Japan1,2381,952384266-40.1%
Taiwan (Chinese)14722895.625319.8%
Spain11412169.923427.1%
France30.280.087.420188.1%
Turkey44.86.11.026.6-16.0%
Others8384201,462785-2.2%
Total8,0478,2733,9086,091-8.9%

Top Suppliers of Fruit-Preparation Industrial Machinery to South Korea in 2022:

  1. China (571.0 units)
  2. Spain (57.0 units)
  3. Taiwan (Chinese) (37.0 units)
  4. Turkey (32.0 units)
  5. United States (26.0 units)
  6. France (22.0 units)
  7. Netherlands (18.0 units)
  8. Sweden (16.0 units)
  9. Italy (12.0 units)
  10. Japan (7.0 units)

Fruit-Preparation Industrial Machinery Exports in South Korea

In 2022, shipments abroad of industrial machinery for the preparation of fruits, nuts or vegetables was finally on the rise to reach 1.5K units after two years of decline. Over the period under review, exports, however, recorded a precipitous slump. The exports peaked at 9.9K units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, fruit-preparation industrial machinery exports rose remarkably to $1.2M in 2022. In general, exports, however, showed a significant contraction. Over the period under review, the exports attained the peak figure at $2.7M in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Export of Fruit-Preparation Industrial Machinery in South Korea (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Uzbekistan1472431891919.1%
China29427938.2149-20.3%
United States10410266.014210.9%
Japan15081.569.8104-11.5%
Panama5.182.864.364.9133.5%
Vietnam1,12237.735.042.2-66.5%
Myanmar1642.09.339.0-38.0%
Ecuador32.032.129.835.93.9%
Taiwan (Chinese)78.934.924.434.2-24.3%
Poland45.739.130.430.7-12.4%
Canada53.457.613.414.1-35.8%
Peru24.219.72.711.2-22.6%
Singapore3.00.74.54.514.5%
Others434278579361-6.0%
Total2,6581,2901,1561,223-22.8%

Top Export Markets for Fruit-Preparation Industrial Machinery from South Korea in 2022:

  1. Myanmar (240.0 units)
  2. Taiwan (Chinese) (176.0 units)
  3. Uzbekistan (169.0 units)
  4. China (162.0 units)
  5. Japan (92.0 units)
  6. Peru (87.0 units)
  7. United States (84.0 units)
  8. Panama (58.0 units)
  9. Singapore (46.0 units)
  10. Vietnam (38.0 units)
  11. Ecuador (33.0 units)
  12. Canada (30.0 units)
  13. Poland (28.0 units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the fruit-preparation 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 28931760 - Industrial machinery for the preparation of fruits, nuts or vegetables (excluding for use in milling or for working dried leguminous vegetables)

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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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. 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. 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. 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. 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. 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. 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. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. 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
  12. 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
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