Report Update: May 1, 2024

Republic of Korea - Automatic Gravimetric Filling Machines - Market Analysis, Forecast, Size, Trends And Insights

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Gravimetric Filling Machine Price in South Korea - 2022

Gravimetric Filling Machine Price in South Korea (CIF) - 2022

The average gravimetric filling machine import price stood at $26,363 per unit in 2022, growing by 42% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of 75% against the previous year. Over the period under review, average import prices hit record highs at $32,289 per unit in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from the United States ($26,861 per unit) and Japan ($26,819 per unit), while the price for Taiwan (Chinese) ($26,505 per unit) and Germany ($26,722 per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+957.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Gravimetric Filling Machine Price in South Korea (FOB) - 2022

In December 2022, the average gravimetric filling machine export price amounted to $27,501 per unit, remaining relatively unchanged against the previous month. Over the last twelve months, it increased at an average monthly rate of +4.4%. The pace of growth was the most pronounced in January 2022 when the average export price increased by 67% m-o-m. The export price peaked at $27,530 per unit in April 2022; afterwards, it flattened through to December 2022.

Average prices varied noticeably for the major foreign markets. In December 2022, the highest price was recorded for prices to Indonesia ($27,692 per unit) and Singapore ($27,570 per unit), while the average price for exports to the United States ($27,501 per unit) and Japan ($27,501 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 Poland (+18.2%), while the prices for the other major destinations experienced more modest paces of growth.

Gravimetric Filling Machine Imports in South Korea

In 2022, the amount of automatic gravimetric filling machines imported into South Korea contracted significantly to 532 units, waning by -31.4% on the previous year. Overall, imports continue to indicate a abrupt shrinkage. The pace of growth was the most pronounced in 2021 with an increase of 25%. As a result, imports attained the peak of 775 units, and then contracted rapidly in the following year.

In value terms, gravimetric filling machine imports shrank slightly to $14M in 2022. In general, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 15% against the previous year. As a result, imports reached the peak of $14M, and then dropped slightly in the following year.

Import of Gravimetric Filling Machine in South Korea (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Japan	6.0	6.0	5.8	6.4	2.2%
China	3.8	3.5	5.2	5.7	14.5%
Germany	1.7	2.2	2.6	1.3	-8.6%
Taiwan (Chinese)	0.4	0.6	0.5	0.5	7.7%
United States	0.2	0.1	0.1	0.2	0.0%
Denmark	1.3	N/A	0.1	N/A	-72.3%
Others	0.5	0.1	N/A	N/A	-80.0%
Total	14.0	12.5	14.4	14.0	0.0%

Top Suppliers of Gravimetric Filling Machine to South Korea in 2022:

Japan (237.0 units)
China (211.0 units)
Germany (47.0 units)
Taiwan (Chinese) (19.0 units)
United States (8.0 units)
Denmark (1.0 units)

Gravimetric Filling Machine Exports in South Korea

In 2022, approx. 237 units of automatic gravimetric filling machines were exported from South Korea; dropping by -48.3% compared with the previous year. Over the period under review, exports showed a drastic downturn. The most prominent rate of growth was recorded in 2021 with an increase of 237% against the previous year. As a result, the exports reached the peak of 458 units, and then reduced dramatically in the following year.

In value terms, gravimetric filling machine exports fell remarkably to $6.1M in 2022. In general, exports continue to indicate a abrupt decrease. The pace of growth was the most pronounced in 2021 when exports increased by 96% against the previous year. The exports peaked at $9.3M in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Export of Gravimetric Filling Machine in South Korea (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	678	186	983	4,290	85.0%
China	6,669	2,193	4,804	413	-60.4%
Japan	362	247	297	347	-1.4%
India	283	1.4	N/A	321	4.3%
Poland	867	724	374	287	-30.8%
Vietnam	143	123	641	177	7.4%
Indonesia	90.4	30.6	80.8	139	15.4%
Others	246	282	225	129	-19.4%
Total	9,338	3,786	7,404	6,103	-13.2%

Top Export Markets for Gravimetric Filling Machine from South Korea in 2022:

United States (156.0 units)
China (15.0 units)
Japan (13.0 units)
India (12.0 units)
Poland (10.0 units)
Vietnam (6.0 units)
Indonesia (5.0 units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the gravimetric filling 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 28293180 - Automatic gravimetric filling 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.

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