Republic of Korea - Mowers - Market Analysis, Forecast, Size, Trends and Insights
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View PricingMower Price in South Korea - 2022
Contents:
- Mower Price in South Korea (CIF) - 2022
- Mower Price in South Korea (FOB) - 2022
- Mower Imports in South Korea
- Mower Exports in South Korea
Mower Price in South Korea (CIF) - 2022
In 2022, the average mower import price amounted to $647 per unit, declining by -2.7% against the previous year. In general, the import price saw a slight slump. The pace of growth appeared the most rapid in 2016 an increase of 8.7%. Over the period under review, average import prices reached the maximum at $786 per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($968 per unit), while the price for China ($379 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+3.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Mower Price in South Korea (FOB) - 2022
The average mower export price stood at $355 per unit in 2022, increasing by 10% against the previous year. Over the period under review, export price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, mower export price increased by +13.2% against 2020 indices. The pace of growth was the most pronounced in 2013 an increase of 43%. The export price peaked at $458 per unit in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($568 per unit), while the average price for exports to Australia ($211 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 Canada (+4.7%), while the prices for the other major destinations experienced more modest paces of growth.
Mower Imports in South Korea
For the fourth consecutive year, South Korea recorded growth in purchases abroad of mowers, which increased by 5.2% to 63K units in 2022. The total import volume increased at an average annual rate of +9.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 17%. Imports peaked in 2022 and are expected to retain growth in the near future.
In value terms, mower imports rose modestly to $41M in 2022. The total import value increased at an average annual rate of +6.2% 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 2020 with an increase of 11%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.
| Import of Mower in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 10.8 | 13.4 | 12.8 | 14.3 | 9.8% |
| United States | 9.3 | 8.8 | 8.8 | 8.7 | -2.2% |
| China | 6.7 | 6.9 | 8.3 | 8.6 | 8.7% |
| France | 1.6 | 2.0 | 3.2 | 2.0 | 7.7% |
| Germany | 0.9 | 1.2 | 1.5 | 1.6 | 21.1% |
| Italy | 1.3 | 1.7 | 1.4 | 0.9 | -11.5% |
| Finland | 0.4 | 0.6 | 0.6 | 0.9 | 31.0% |
| Denmark | 0.4 | 0.4 | 0.7 | 0.7 | 20.5% |
| Others | 2.5 | 2.5 | 2.4 | 2.9 | 5.1% |
| Total | 33.9 | 37.6 | 39.7 | 40.7 | 6.3% |
Top Suppliers of Mower to South Korea in 2022:
- China (22.8K units)
- Japan (14.7K units)
- United States (11.6K units)
- France (3.5K units)
- Germany (2.2K units)
- Italy (1.3K units)
- Denmark (1.3K units)
- Finland (1.3K units)
Mower Exports in South Korea
In 2022, the amount of mowers exported from South Korea expanded notably to 52K units, with an increase of 6.8% against the year before. The total export volume increased at an average annual rate of +8.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 25%. Over the period under review, the exports reached the maximum in 2022 and are likely to see gradual growth in the immediate term.
In value terms, mower exports skyrocketed to $18M in 2022. The total export value increased at an average annual rate of +4.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 28% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the immediate term.
| Export of Mower in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 13.3 | 7.8 | 9.8 | 10.7 | -7.0% |
| Australia | 1.4 | 2.3 | 4.1 | 5.1 | 53.9% |
| Canada | 0.6 | 1.0 | 0.9 | 1.1 | 22.4% |
| Netherlands | N/A | 0.6 | 0.3 | 0.6 | 0.0% |
| New Zealand | 0.1 | 0.1 | 0.1 | 0.3 | 44.2% |
| Others | 1.0 | 0.4 | 0.4 | 0.5 | -20.6% |
| Total | 16.3 | 12.1 | 15.6 | 18.3 | 3.9% |
Top Export Markets for Mower from South Korea in 2022:
- Australia (24.3K units)
- United States (21.7K units)
- Canada (2.0K units)
- Netherlands (1.5K units)
- New Zealand (1.1K units)
This report provides an in-depth analysis of the mower 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 28304010 - Electric mowers for lawns, parks, golf courses or sports grounds
- Prodcom 28304030 - Mowers for lawns, parks or sports grounds, powered nonelectrically, w ith the cutting device rotating in a horizontal plane
- Prodcom 28304050 - Motor mowers for lawns, parks or sports grounds, powered non-electrically, with the cutting device rotating in a vertical plane or with cutter bars
- Prodcom 28304070 - Non-motorised mowers for lawns, parks, golf courses or sports grounds (such as push cylinder mowers) (excluding with the cutting device rotating in a horizontal plane)
- Prodcom 28305130 - Motor mowers (excluding for lawns, parks, golf courses or sports grounds)
- Prodcom 28305153 -
- Prodcom 28305155 -
- Prodcom 28305150 - Mowers, including cutter bars, designed to be carried on or hauled by a tractor
- Prodcom 28305170 - Mowers (excluding those with motors, for lawns, parks, golf courses or sports grounds, those designed to be hauled or carried by a tractor)
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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