Republic of Korea - Ignition Magnetos, Magneto-Dynamos And Magnetic Flywheels - Market Analysis, Forecast, Size, Trends And Insights
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View PricingIgnition Magneto Price in South Korea - 2022
Contents:
- Ignition Magneto Price in South Korea (CIF) - 2022
- Ignition Magneto Price in South Korea (FOB) - 2022
- Ignition Magneto Imports in South Korea
- Ignition Magneto Exports in South Korea
Ignition Magneto Price in South Korea (CIF) - 2022
The average ignition magneto import price stood at $6.2 per unit in 2022, declining by -8.6% against the previous year. Overall, the import price recorded a abrupt slump. The most prominent rate of growth was recorded in 2018 when the average import price increased by 91%. The import price peaked at $11 per unit in 2013; however, from 2014 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($75 per unit), while the price for Indonesia ($2 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (+8.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Ignition Magneto Price in South Korea (FOB) - 2022
In 2022, the average ignition magneto export price amounted to $2.6 per unit, falling by -57.6% against the previous year. In general, the export price recorded a abrupt descent. The growth pace was the most rapid in 2021 an increase of 81%. Over the period under review, the average export prices hit record highs at $13 per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Madagascar ($3.6 per unit), while the average price for exports to Thailand totaled $2.5 per unit.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (+1.3%), while the prices for the other major destinations experienced a decline.
Ignition Magneto Imports in South Korea
Ignition magneto imports into South Korea declined slightly to 37K units in 2022, standing approx. at 2021. In general, total imports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +6.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +58.7% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 60% against the previous year. As a result, imports attained the peak of 38K units, and then declined modestly in the following year.
In value terms, ignition magneto imports shrank to $233K in 2022. Overall, imports faced a abrupt slump. The pace of growth was the most pronounced in 2021 with an increase of 24%. Over the period under review, imports hit record highs at $328K in 2019; however, from 2020 to 2022, imports remained at a lower figure.
| Import of Ignition Magneto in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 134 | 34.9 | 73.9 | 77.0 | -16.9% |
| China | 75.2 | 54.5 | 34.5 | 52.1 | -11.5% |
| Japan | 23.5 | 19.5 | 46.9 | 45.2 | 24.4% |
| Hungary | 8.2 | 22.4 | 20.3 | 19.6 | 33.7% |
| Spain | 10.8 | 10.3 | 15.9 | 15.4 | 12.6% |
| Czech Republic | 7.1 | 12.0 | 10.9 | 10.5 | 13.9% |
| Indonesia | 13.0 | 9.0 | 6.3 | 9.0 | -11.5% |
| Others | 55.7 | 45.3 | 48.4 | 3.8 | -59.1% |
| Total | 328 | 208 | 257 | 233 | -10.8% |
Top Suppliers of Ignition Magneto to South Korea in 2022:
- China (19.8K units)
- Japan (8.8K units)
- Indonesia (4.5K units)
- Spain (1.6K units)
- United States (1.0K units)
- Hungary (0.8K units)
- Czech Republic (0.6K units)
Ignition Magneto Exports in South Korea
In 2022, approx. 378K units of ignition magnetos, magneto-dynamos and magnetic flywheels were exported from South Korea; growing by 118% on 2021. In general, exports showed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, ignition magneto exports declined to $973K in 2022. Overall, total exports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +18.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +66.2% against 2019 indices. The growth pace was the most rapid in 2020 when exports increased by 52% against the previous year. The exports peaked at $1.1M in 2021, and then reduced in the following year.
| Export of Ignition Magneto in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 34.6 | 3.2 | 363 | 838 | 189.3% |
| Madagascar | 49.6 | 4.3 | 33.4 | 135 | 39.6% |
| India | N/A | 810 | N/A | N/A | 0% |
| Japan | 173 | N/A | 1.0 | N/A | -92.4% |
| United Arab Emirates | 216 | N/A | 225 | N/A | 2.1% |
| Singapore | N/A | 34.4 | N/A | N/A | 0% |
| Others | 113 | 38.2 | 434 | N/A | 96.0% |
| Total | 586 | 890 | 1,056 | 973 | 18.4% |
Top Export Markets for Ignition Magneto from South Korea in 2022:
- Thailand (340.0K units)
- Madagascar (37.8K units)
This report provides an in-depth analysis of the ignition magneto 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 29312150 - Ignition magnetos, magneto-dynamos and magnetic flywheels
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
-
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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