Republic of Korea - Instruments And Apparatus For Measuring Or Checking The Flow Or Level Of Liquids - Market Analysis, Forecast, Size, Trends and Insights
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View PricingMeasuring Instrument Price in South Korea - 2022
Contents:
- Measuring Instrument Price in South Korea (CIF) - 2022
- Measuring Instrument Price in South Korea (FOB) - 2022
- Measuring Instrument Imports in South Korea
- Measuring Instrument Exports in South Korea
Measuring Instrument Price in South Korea (CIF) - 2022
The average measuring instrument import price stood at $49.1 per unit in December 2022, picking up by 35% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +3.7%. Over the period under review, average import prices reached the maximum at $51.1 per unit in April 2022; however, from May 2022 to December 2022, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In December 2022, the country with the highest price was the United States ($153 per unit), while the price for the Philippines ($11.8 per unit) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by China (+5.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Measuring Instrument Price in South Korea (FOB) - 2022
In December 2022, the average measuring instrument export price amounted to $33.9 per unit, with an increase of 12% against the previous month. In general, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in September 2022 when the average export price increased by 32% month-to-month. Over the period under review, the average export prices hit record highs at $37.5 per unit in December 2021; however, from January 2022 to December 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In December 2022, the country with the highest price was Malaysia ($49.2 per unit), while the average price for exports to Saudi Arabia ($5.7 per unit) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+12.0%), while the prices for the other major destinations experienced more modest paces of growth.
Measuring Instrument Imports in South Korea
In 2022, the amount of instruments and apparatus for measuring or checking the flow or level of liquids imported into South Korea reduced modestly to 847K units, which is down by -3.4% compared with 2021 figures. Over the period under review, imports, however, continue to indicate prominent growth. The pace of growth was the most pronounced in 2021 with an increase of 82% against the previous year. As a result, imports attained the peak of 877K units, and then fell in the following year.
In value terms, measuring instrument imports fell to $169M in 2022. The total import value increased at an average annual rate of +1.2% from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 21% against the previous year. As a result, imports attained the peak of $185M, and then declined in the following year.
Import of Measuring Instrument in South Korea (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 42.1 | 32.8 | 47.0 | 38.3 | -3.1% |
Germany | 19.5 | 19.6 | 25.6 | 32.9 | 19.0% |
Japan | 22.2 | 31.0 | 41.4 | 29.4 | 9.8% |
United States | 33.3 | 23.3 | 20.4 | 19.6 | -16.2% |
Thailand | 1.5 | 6.0 | 7.3 | 6.0 | 58.7% |
France | 5.9 | 5.9 | 6.0 | 4.9 | -6.0% |
Mexico | 3.3 | 2.2 | 2.0 | 2.0 | -15.4% |
Italy | 0.6 | 0.7 | 0.8 | 0.9 | 14.5% |
Others | 34.7 | 31.4 | 34.9 | 35.1 | 0.4% |
Total | 163 | 153 | 185 | 169 | 1.2% |
Top Suppliers of Measuring Instrument to South Korea in 2022:
- Japan (223.3K units)
- Germany (167.1K units)
- Mexico (127.2K units)
- China (115.2K units)
- Thailand (71.9K units)
- United States (34.1K units)
- France (23.7K units)
- Italy (16.4K units)
Measuring Instrument Exports in South Korea
Measuring instrument exports from South Korea reduced to 38K units in 2022, declining by -2.3% on the previous year's figure. Over the period under review, exports showed a pronounced decrease. The most prominent rate of growth was recorded in 2021 when exports increased by 35%. The exports peaked at 41K units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, measuring instrument exports dropped slightly to $52M in 2022. Overall, exports recorded a noticeable curtailment. The most prominent rate of growth was recorded in 2021 when exports increased by 11%. Over the period under review, the exports attained the maximum at $59M in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
Export of Measuring Instrument in South Korea (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 17.9 | 16.8 | 10.8 | 13.6 | -8.8% |
United States | 3.7 | 3.6 | 6.9 | 3.8 | 0.9% |
Thailand | 4.1 | 1.6 | 2.4 | 2.4 | -16.3% |
Philippines | 0.8 | 0.9 | 2.0 | 1.9 | 33.4% |
Poland | 0.1 | 1.0 | 1.9 | 1.5 | 146.6% |
Uzbekistan | 1.8 | 1.1 | 1.2 | 1.2 | -12.6% |
Japan | 0.9 | 1.1 | 2.9 | 1.1 | 6.9% |
Mexico | 1.6 | 0.1 | 0.2 | 0.5 | -32.1% |
Australia | 0.1 | 0.2 | 0.2 | 0.2 | 26.0% |
Others | 27.5 | 22.9 | 26.3 | 25.9 | -2.0% |
Total | 58.6 | 49.4 | 54.9 | 52.2 | -3.8% |
Top Export Markets for Measuring Instrument from South Korea in 2022:
- United States (13.0K units)
- China (9.0K units)
- Poland (3.4K units)
- Philippines (2.0K units)
- Uzbekistan (1.4K units)
- Japan (1.3K units)
- Thailand (1.1K units)
- Mexico (1.0K units)
- Australia (0.9K units)
This report provides an in-depth analysis of the measuring instrument 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 26515235 - Electronic flow meters (excluding supply meters, hydrometric paddle-wheels)
- Prodcom 26515239 - Electronic instruments and apparatus for measuring or checking the level of liquids
- Prodcom 26515255 - Non-electronic flow meters (excluding supply meters, h ydrometric paddle-wheels)
- Prodcom 26515259 - Non-electronic instruments and apparatus for measuring or checking the level of liquids
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
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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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