Republic of Korea - Manostats - Market Analysis, Forecast, Size, Trends And Insights
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View PricingManostat Price in South Korea - 2022
Contents:
- Manostat Price in South Korea (CIF) - 2022
- Manostat Price in South Korea (FOB) - 2022
- Manostat Imports in South Korea
- Manostat Exports in South Korea
Manostat Price in South Korea (CIF) - 2022
In 2022, the average manostat import price amounted to $35 per unit, shrinking by -20.7% against the previous year. Over the period under review, the import price continues to indicate a abrupt shrinkage. The pace of growth was the most pronounced in 2016 when the average import price increased by 128%. As a result, import price attained the peak level of $77 per unit. From 2017 to 2022, the average import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Taiwan (Chinese) ($95 per unit), while the price for France ($5.4 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+0.6%), while the prices for the other major suppliers experienced a decline.
Manostat Price in South Korea (FOB) - 2022
The average manostat export price stood at $212 per unit in 2022, jumping by 161% against the previous year. Over the period under review, the export price posted a buoyant increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($801 per unit), while the average price for exports to Ireland ($27 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 (+2.4%), while the prices for the other major destinations experienced a decline.
Manostat Imports in South Korea
In 2022, overseas purchases of manostats decreased by -13.5% to 250K units for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +8.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 35% against the previous year. Imports peaked at 289K units in 2021, and then reduced in the following year.
In value terms, manostat imports dropped sharply to $8.8M in 2022. Overall, imports saw a noticeable shrinkage. The pace of growth appeared the most rapid in 2020 when imports increased by 43% against the previous year. As a result, imports attained the peak of $14M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
| Import of Manostat in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 0.7 | 0.7 | 1.4 | 2.5 | 52.9% |
| Germany | 2.4 | 5.3 | 5.4 | 1.8 | -9.1% |
| Czech Republic | 0.6 | 0.4 | 0.6 | 0.7 | 5.3% |
| Taiwan (Chinese) | N/A | N/A | 0.2 | 0.7 | 250.0% |
| Japan | 4.0 | 4.5 | 3.4 | 0.3 | -57.8% |
| Italy | 0.3 | 0.2 | 0.3 | 0.2 | -12.6% |
| France | 0.1 | N/A | N/A | 0.1 | 0.0% |
| Switzerland | 0.3 | 0.1 | 0.2 | 0.1 | -30.7% |
| Others | 1.5 | 2.6 | 1.4 | 2.5 | 18.6% |
| Total | 9.7 | 13.9 | 12.8 | 8.8 | -3.2% |
Top Suppliers of Manostat to South Korea in 2022:
- United States (141.1K units)
- Germany (25.5K units)
- Italy (21.0K units)
- Switzerland (13.7K units)
- France (11.0K units)
- Czech Republic (9.1K units)
- Taiwan (Chinese) (7.0K units)
- Japan (4.0K units)
Manostat Exports in South Korea
In 2022, shipments abroad of manostats decreased by -41.7% to 16K units for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, continue to indicate significant growth. The pace of growth was the most pronounced in 2021 when exports increased by 164%. As a result, the exports reached the peak of 28K units, and then fell sharply in the following year.
In value terms, manostat exports soared to $3.4M in 2022. Over the period under review, exports, however, continue to indicate a significant expansion. The pace of growth was the most pronounced in 2021 when exports increased by 166%. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of Manostat in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 33.6 | 59.8 | 830 | 1,551 | 258.7% |
| Taiwan (Chinese) | 12.7 | 144 | 171 | 581 | 257.6% |
| Netherlands | 17.7 | 40.6 | 241 | 508 | 206.2% |
| China | 80.0 | 127 | 156 | 436 | 76.0% |
| Japan | 45.3 | 47.0 | 88.6 | 148 | 48.4% |
| Ireland | 1.7 | N/A | N/A | 40.4 | 187.5% |
| Canada | N/A | 0.4 | 0.1 | 13.4 | 478.8% |
| Argentina | 19.2 | 23.7 | 55.4 | N/A | 69.9% |
| Colombia | 38.8 | 53.6 | 24.0 | N/A | -21.4% |
| Mexico | 141 | 76.5 | 216 | N/A | 23.8% |
| Italy | 44.1 | 54.4 | 0.1 | N/A | -95.2% |
| Others | 166 | 217 | 460 | 129 | -8.1% |
| Total | 600 | 844 | 2,242 | 3,406 | 78.4% |
Top Export Markets for Manostat from South Korea in 2022:
- United States (5.2K units)
- Taiwan (Chinese) (3.9K units)
- China (2.8K units)
- Ireland (1.5K units)
- Japan (1.0K units)
- Netherlands (0.6K units)
- Canada (0.4K units)
This report provides an in-depth analysis of the manostat 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 26517030 - Manostats
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
- 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
-
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
-
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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