Republic of Korea - Industrial Machinery For The Preparation Of Meat Or Poultry - Market Analysis, Forecast, Size, Trends And Insights
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View PricingMeat-Preparation Industrial Machinery Price in South Korea - 2022
Contents:
- Meat-Preparation Industrial Machinery Price in South Korea (CIF) - 2022
- Meat-Preparation Industrial Machinery Price in South Korea (FOB) - 2022
- Meat-Preparation Industrial Machinery Imports in South Korea
- Meat-Preparation Industrial Machinery Exports in South Korea
Meat-Preparation Industrial Machinery Price in South Korea (CIF) - 2022
The average meat-preparation industrial machinery import price stood at $3,616 per unit in 2022, which is down by -22.1% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 64% against the previous year. As a result, import price attained the peak level of $4,642 per unit, and then declined notably in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Denmark ($13,725 per unit), while the price for China ($1,422 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+15.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Meat-Preparation Industrial Machinery Price in South Korea (FOB) - 2022
In 2022, the average meat-preparation industrial machinery export price amounted to $8,330 per unit, with an increase of 14% against the previous year. Overall, the export price, however, showed a pronounced contraction. The export price peaked at $14,529 per unit in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Vietnam ($13,799 per unit), while the average price for exports to Israel ($4,706 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 (+3.9%), while the prices for the other major destinations experienced more modest paces of growth.
Meat-Preparation Industrial Machinery Imports in South Korea
Meat-preparation industrial machinery imports into South Korea skyrocketed to 8.2K units in 2022, growing by 25% against the previous year. Overall, imports, however, recorded a sharp shrinkage. Imports peaked at 19K units in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.
In value terms, meat-preparation industrial machinery imports shrank slightly to $30M in 2022. In general, imports, however, saw a abrupt contraction. The pace of growth appeared the most rapid in 2020 with an increase of 6.6%. As a result, imports attained the peak of $53M. From 2021 to 2022, the growth of imports failed to regain momentum.
| Import of Meat-Preparation Industrial Machinery in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 4.2 | 6.3 | 5.4 | 6.4 | 15.1% |
| Netherlands | 15.2 | 10.9 | 1.7 | 5.7 | -27.9% |
| China | 2.1 | 2.3 | 1.6 | 3.5 | 18.6% |
| Belgium | 1.2 | 0.9 | 0.9 | 2.0 | 18.6% |
| United States | 1.0 | 1.3 | 0.5 | 1.7 | 19.3% |
| Poland | 0.2 | 0.4 | N/A | 1.4 | 91.3% |
| France | 0.2 | 0.2 | 0.7 | 0.6 | 44.2% |
| Slovakia | 0.1 | 0.1 | N/A | 0.6 | 81.7% |
| Iceland | 0.8 | 0.7 | 0.9 | N/A | 6.1% |
| Turkey | 0.5 | 0.6 | N/A | N/A | 20.0% |
| Others | 24.1 | 29.2 | 18.7 | 7.8 | -31.3% |
| Total | 49.7 | 53.0 | 30.4 | 29.7 | -15.8% |
Top Suppliers of Meat-Preparation Industrial Machinery to South Korea in 2022:
- China (2448.0 units)
- Netherlands (1833.0 units)
- Germany (553.0 units)
- United States (525.0 units)
- Belgium (437.0 units)
- France (354.0 units)
- Poland (262.0 units)
- Slovakia (134.0 units)
Meat-Preparation Industrial Machinery Exports in South Korea
In 2022, approx. 1.1K units of industrial machinery for the preparation of meat or poultry were exported from South Korea; with a decrease of -29.5% on the year before. Over the period under review, exports, however, saw a perceptible expansion. The growth pace was the most rapid in 2021 when exports increased by 142%. As a result, the exports attained the peak of 1.6K units, and then declined rapidly in the following year.
In value terms, meat-preparation industrial machinery exports dropped dramatically to $9.2M in 2022. In general, exports faced a abrupt slump. The pace of growth appeared the most rapid in 2021 when exports increased by 21%. The exports peaked at $14M in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
| Export of Meat-Preparation Industrial Machinery in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Israel | 7.4 | 7.1 | 6.7 | 3,030 | 642.6% |
| United States | 1,150 | 1,078 | 2,261 | 2,300 | 26.0% |
| Japan | 2,197 | 2,293 | 2,443 | 1,196 | -18.3% |
| China | 3,867 | 1,679 | 1,605 | 476 | -50.3% |
| Thailand | 39.0 | 618 | 132 | 474 | 129.9% |
| Vietnam | 2,042 | 839 | 177 | 373 | -43.3% |
| Malaysia | 1,186 | 123 | 79.2 | 116 | -53.9% |
| India | 343 | 170 | 9.5 | 15.1 | -64.7% |
| United Arab Emirates | 331 | 5.5 | 3.2 | 3.3 | -78.5% |
| Norway | 12.9 | 6.4 | 1.6 | N/A | -64.8% |
| Iran | 619 | 713 | 806 | N/A | 14.1% |
| Netherlands | 154 | 178 | 201 | N/A | 14.2% |
| Others | 1,682 | 1,719 | 3,721 | 1,246 | -9.5% |
| Total | 13,630 | 9,429 | 11,446 | 9,230 | -12.2% |
Top Export Markets for Meat-Preparation Industrial Machinery from South Korea in 2022:
- Israel (644.0 units)
- United States (169.0 units)
- Japan (88.0 units)
- China (35.0 units)
- Thailand (35.0 units)
- Vietnam (27.0 units)
- Malaysia (9.0 units)
- India (3.0 units)
- United Arab Emirates (1.0 units)
This report provides an in-depth analysis of the meat-preparation industrial 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 28931750 - Industrial machinery for the preparation of meat or poultry
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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