Republic of Korea - Lifting, Handling, Loading Or Unloading Machinery - Market Analysis, Forecast, Size, Trends And Insights
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View PricingLoading Machinery Price in South Korea - 2022
Contents:
- Loading Machinery Price in South Korea (FOB) - 2022
- Loading Machinery Price in South Korea (CIF) - 2022
- Loading Machinery Exports in South Korea
- Loading Machinery Imports in South Korea
Loading Machinery Price in South Korea (FOB) - 2022
In 2022, the average loading machinery export price amounted to $7,685 per unit, falling by -2% against the previous year. In general, export price indicated prominent growth from 2012 to 2022: its price increased at an average annual rate of +6.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, loading machinery export price increased by +27.1% against 2019 indices. The most prominent rate of growth was recorded in 2013 when the average export price increased by 31%. The export price peaked at $7,844 per unit in 2021, and then dropped modestly in the following year.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was China ($11,717 per unit), while the average price for exports to the United Arab Emirates ($1,733 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 India (+10.0%), while the prices for the other major destinations experienced more modest paces of growth.
Loading Machinery Price in South Korea (CIF) - 2022
In 2022, the average loading machinery import price amounted to $7,233 per unit, surging by 23% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.8%. The growth pace was the most rapid in 2018 an increase of 23% against the previous year. Over the period under review, average import prices attained the peak figure in 2022 and is likely to see steady growth in the near future.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($26,453 per unit), while the price for the United States ($1,983 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+9.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Loading Machinery Exports in South Korea
In 2022, after two years of decline, there was growth in overseas shipments of lifting, handling, loading or unloading machinery, when their volume increased by less than 0.1% to 77K units. Overall, exports, however, saw a abrupt setback. The exports peaked at 91K units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, loading machinery exports reduced modestly to $588M in 2022. The total export value increased at an average annual rate of +2.2% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when exports increased by 4.7%. Over the period under review, the exports hit record highs at $600M in 2021, and then shrank modestly in the following year.
| Export of Loading Machinery in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 164 | 105 | 114 | 111 | -12.2% |
| United States | 58.2 | 80.5 | 112 | 100 | 19.8% |
| Hungary | 68.1 | 107 | 104 | 92.5 | 10.7% |
| Vietnam | 35.8 | 40.3 | 44.1 | 39.3 | 3.2% |
| Poland | 31.6 | 44.7 | 20.0 | 28.0 | -4.0% |
| Thailand | 26.2 | 22.2 | 25.4 | 22.6 | -4.8% |
| India | 34.0 | 25.9 | 11.5 | 20.8 | -15.1% |
| Malaysia | 4.8 | 3.5 | 22.5 | 20.0 | 60.9% |
| Mexico | 12.8 | 10.8 | 17.1 | 15.2 | 5.9% |
| Russia | 11.3 | 9.7 | 16.6 | 14.8 | 9.4% |
| Indonesia | 4.0 | 31.2 | 7.2 | 12.3 | 45.4% |
| Japan | 12.9 | 9.9 | 8.7 | 9.2 | -10.7% |
| Others | 87.1 | 85.3 | 96.8 | 102 | 5.4% |
| Total | 550 | 576 | 600 | 588 | 2.3% |
Top Export Markets for Loading Machinery from South Korea in 2022:
- United States (13.6K units)
- China (9.5K units)
- Hungary (9.3K units)
- Thailand (7.0K units)
- Vietnam (4.3K units)
- Russia (3.5K units)
- India (3.5K units)
- Poland (2.8K units)
- Japan (2.7K units)
- Malaysia (2.6K units)
- Mexico (1.8K units)
- Indonesia (1.7K units)
Loading Machinery Imports in South Korea
In 2022, approx. 31K units of lifting, handling, loading or unloading machinery were imported into South Korea; with a decrease of -23.8% on 2021 figures. In general, imports saw a abrupt downturn. The pace of growth appeared the most rapid in 2021 when imports increased by 9.4%. Imports peaked at 43K units in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, loading machinery imports fell to $227M in 2022. Overall, imports saw a perceptible curtailment. The most prominent rate of growth was recorded in 2021 when imports increased by 14% against the previous year. Over the period under review, imports hit record highs at $255M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
| Import of Loading Machinery in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 66.4 | 55.1 | 84.8 | 74.7 | 4.0% |
| Japan | 68.6 | 54.1 | 63.8 | 56.2 | -6.4% |
| Netherlands | 19.2 | 28.5 | 25.9 | 22.9 | 6.1% |
| Germany | 15.4 | 30.4 | 20.9 | 18.4 | 6.1% |
| United States | 35.3 | 15.2 | 11.4 | 16.1 | -23.0% |
| Taiwan (Chinese) | 8.4 | 7.1 | 9.4 | 8.3 | -0.4% |
| Singapore | 1.9 | 0.6 | 5.4 | 4.7 | 35.2% |
| Canada | 6.4 | 2.7 | 1.9 | 2.9 | -23.2% |
| Others | 33.8 | 18.0 | 18.6 | 22.8 | -12.3% |
| Total | 255 | 212 | 242 | 227 | -3.8% |
Top Suppliers of Loading Machinery to South Korea in 2022:
- China (12.5K units)
- United States (8.1K units)
- Japan (4.5K units)
- Singapore (1.0K units)
- Netherlands (0.9K units)
- Taiwan (Chinese) (0.9K units)
- Germany (0.9K units)
- Canada (0.8K units)
This report provides an in-depth analysis of the loading 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 28221840 - Lifting, handling, loading or unloading machinery, n.e.s.
- Prodcom 28221850 - Loading machinery specially designed for agricultural use
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
-
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
-
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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