Republic of Korea - Non-Lawn Mowers and Cutter Bars - Market Analysis, Forecast, Size, Trends And Insights
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View PricingNon-Lawn Mower Price in South Korea - 2022
Contents:
- Non-Lawn Mower Price in South Korea (FOB) - 2022
- Non-Lawn Mower Price in South Korea (CIF) - 2022
- Non-Lawn Mower Exports in South Korea
- Non-Lawn Mower Imports in South Korea
Non-Lawn Mower Price in South Korea (FOB) - 2022
In December 2022, the average non-lawn mower export price amounted to $319 per unit, dropping by -2.6% against the previous month. Over the period from December 2021 to December 2022, it increased at an average monthly rate of +1.2%. The pace of growth was the most pronounced in January 2022 when the average export price increased by 26% m-o-m. As a result, the export price reached the peak level of $347 per unit. From February 2022 to December 2022, the the average export prices remained at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was the United States ($504 per unit), while the average price for exports to Germany ($178 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 Australia (+2.8%), while the prices for the other major destinations experienced mixed trend patterns.
Non-Lawn Mower Price in South Korea (CIF) - 2022
In December 2022, the average non-lawn mower import price amounted to $674 per unit, shrinking by -32.4% against the previous month. Overall, import price indicated a modest expansion from December 2021 to December 2022: its price increased at an average monthly rate of +1.5% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2022 figures, non-lawn mower import price increased by +23.3% against September 2022 indices. The growth pace was the most rapid in November 2022 when the average import price increased by 54% month-to-month. As a result, import price reached the peak level of $996 per unit, and then dropped sharply in the following month.
There were significant differences in the average prices amongst the major supplying countries. In December 2022, the country with the highest price was Italy ($1,343 per unit), while the price for China ($481 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 Italy (+12.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Non-Lawn Mower Exports in South Korea
In 2022, approx. 61K units of non-lawn mowers and cutter bars were exported from South Korea; waning by -14% compared with the previous year's figure. Overall, exports showed a noticeable setback. The pace of growth appeared the most rapid in 2021 when exports increased by 39%. As a result, the exports attained the peak of 71K units, and then shrank in the following year.
In value terms, non-lawn mower exports shrank to $25M in 2022. In general, exports recorded a noticeable shrinkage. The pace of growth was the most pronounced in 2021 when exports increased by 36% against the previous year. As a result, the exports reached the peak of $29M, and then shrank in the following year.
| Export of Non-Lawn Mower in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 10.5 | 7.0 | 8.3 | 7.3 | -11.4% |
| Australia | 2.2 | 2.8 | 4.8 | 4.2 | 24.1% |
| Canada | 0.5 | 0.3 | 0.5 | 0.5 | 0.0% |
| Brazil | 0.5 | N/A | N/A | N/A | 0% |
| Others | 14.7 | 11.0 | 14.9 | 12.9 | -4.3% |
| Total | 28.4 | 21.1 | 28.6 | 24.8 | -4.4% |
Top Export Markets for Non-Lawn Mower from South Korea in 2022:
- Australia (16.7K units)
- United States (12.2K units)
- Canada (0.7K units)
Non-Lawn Mower Imports in South Korea
In 2022, the amount of non-lawn mowers and cutter bars imported into South Korea rose to 34K units, growing by 3.2% compared with the year before. The total import volume increased at an average annual rate of +4.5% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The pace of growth appeared the most rapid in 2020 with an increase of 20% against the previous year. As a result, imports reached the peak of 36K units. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, non-lawn mower imports shrank modestly to $22M in 2022. The total import value increased at an average annual rate of +3.3% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 8.5% against the previous year. Over the period under review, imports hit record highs at $23M in 2021, and then shrank slightly in the following year.
| Import of Non-Lawn Mower in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 4.0 | 4.0 | 2.8 | 3.2 | -7.2% |
| France | 1.5 | 2.0 | 3.2 | 2.9 | 24.6% |
| Germany | 0.9 | 1.1 | 1.4 | 1.3 | 13.0% |
| China | 0.8 | 1.5 | 1.1 | 1.0 | 7.7% |
| Denmark | 0.4 | 0.4 | 0.7 | 0.6 | 14.5% |
| Finland | 0.4 | 0.6 | 0.6 | 0.5 | 7.7% |
| United States | 0.8 | 0.3 | 0.5 | 0.5 | -14.5% |
| Austria | 0.3 | 0.3 | 0.4 | 0.4 | 10.1% |
| Italy | 0.4 | 0.3 | 0.2 | 0.3 | -9.1% |
| Ireland | 0.3 | 0.3 | 0.3 | 0.3 | 0.0% |
| Others | 10.3 | 11.1 | 11.4 | 11.2 | 2.8% |
| Total | 20.1 | 21.8 | 22.5 | 22.2 | 3.4% |
Top Suppliers of Non-Lawn Mower to South Korea in 2022:
- France (5.2K units)
- Japan (3.1K units)
- China (2.3K units)
- Germany (2.0K units)
- Denmark (1.2K units)
- Finland (0.8K units)
- Austria (0.7K units)
- United States (0.6K units)
- Ireland (0.5K units)
- Italy (0.4K units)
This report provides an in-depth analysis of the non-lawn 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 28305130 - Motor mowers (excluding for lawns, parks, golf courses or sports grounds)
- 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
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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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