Report Update: May 1, 2024

Republic of Korea - Hand Or Foot-Operated Air Pumps - Market Analysis, Forecast, Size, Trends And Insights

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Hand-Operated Air Pump Price in South Korea - 2022

Hand-Operated Air Pump Price in South Korea (CIF) - 2022

In 2022, the average hand-operated air pump import price amounted to $5.3 per unit, shrinking by -3.2% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.9%. The growth pace was the most rapid in 2020 an increase of 15%. The import price peaked at $5.5 per unit in 2021, and then fell slightly in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the United States ($5.3 per unit) and Taiwan (Chinese) ($5.3 per unit), while the price for China ($5.3 per unit) and Germany ($5.3 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 States (+1.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Hand-Operated Air Pump Price in South Korea (FOB) - 2022

In 2022, the average hand-operated air pump export price amounted to $8.3 per unit, with a decrease of -43.5% against the previous year. Overall, the export price recorded a drastic downturn. The pace of growth appeared the most rapid in 2019 when the average export price increased by 83%. The export price peaked at $19 per unit in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Saudi Arabia ($8.3 per unit) and the United States ($8.3 per unit), while the average price for exports to Indonesia ($8.3 per unit) and China ($8.3 per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (-2.7%), while the prices for the other major destinations experienced a decline.

Hand-Operated Air Pump Imports in South Korea

In 2022, the amount of hand or foot-operated air pumps imported into South Korea expanded remarkably to 865K units, surging by 13% on 2021 figures. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. Over the period under review, imports reached the peak figure at 957K units in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, hand-operated air pump imports expanded significantly to $4.6M in 2022. The total import value increased at an average annual rate of +6.1% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 25%. As a result, imports attained the peak of $4.8M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Import of Hand-Operated Air Pump in South Korea (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	3,078	3,879	3,192	3,183	1.1%
Taiwan (Chinese)	552	645	637	968	20.6%
United States	78.2	117	103	149	24.0%
Germany	29.6	57.1	35.5	110	54.9%
Japan	73.9	49.0	48.4	99.0	10.2%
Others	45.1	64.5	197	97.9	29.5%
Total	3,857	4,811	4,213	4,608	6.1%

Top Suppliers of Hand-Operated Air Pump to South Korea in 2022:

China (597.3K units)
Taiwan (Chinese) (181.7K units)
United States (28.0K units)
Germany (20.7K units)
Japan (18.6K units)

Hand-Operated Air Pump Exports in South Korea

In 2022, the amount of hand or foot-operated air pumps exported from South Korea skyrocketed to 137K units, with an increase of 101% compared with the previous year's figure. Overall, exports showed a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 139%. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, hand-operated air pump exports expanded significantly to $1.1M in 2022. In general, exports showed significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 82%. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the near future.

Export of Hand-Operated Air Pump in South Korea (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	186	377	652	866	67.0%
Pakistan	29.0	19.1	153	61.1	28.2%
United States	35.9	39.4	6.8	60.0	18.7%
Japan	8.3	8.1	86.6	59.1	92.4%
Vietnam	16.6	19.2	23.9	29.0	20.4%
Indonesia	3.8	11.8	13.1	18.6	69.8%
Saudi Arabia	N/A	1.8	2.4	17.2	209.1%
Others	125	77.6	71.3	32.1	-36.4%
Total	405	554	1,008	1,143	41.3%

Top Export Markets for Hand-Operated Air Pump from South Korea in 2022:

China (104.0K units)
Pakistan (7.3K units)
United States (7.2K units)
Japan (7.1K units)
Vietnam (3.5K units)
Indonesia (2.2K units)
Saudi Arabia (2.1K units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the hand-operated air pump 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 28132200 - Hand or foot-operated air pumps

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