Republic of Korea - Vehicles Not Mechanically Propelled - Market Analysis, Forecast, Size, Trends And Insights
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View PricingNon-Propelled Vehicle Price in South Korea - 2022
Contents:
- Non-Propelled Vehicle Price in South Korea (CIF) - 2022
- Non-Propelled Vehicle Price in South Korea (FOB) - 2022
- Non-Propelled Vehicle Imports in South Korea
- Non-Propelled Vehicle Exports in South Korea
Non-Propelled Vehicle Price in South Korea (CIF) - 2022
The average non-propelled vehicle import price stood at $56 per unit in 2022, increasing by 3.6% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.0%. The pace of growth was the most pronounced in 2013 an increase of 28%. Over the period under review, average import prices hit record highs at $65 per unit in 2018; however, from 2019 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 the United States ($208 per unit), while the price for China ($50 per unit) was amongst the lowest.
From 2012 to 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.
Non-Propelled Vehicle Price in South Korea (FOB) - 2022
The average non-propelled vehicle export price stood at $118 per unit in 2022, approximately mirroring the previous year. Overall, the export price, however, recorded buoyant growth. The pace of growth was the most pronounced in 2019 an increase of 40% against the previous year. Over the period under review, the average export prices reached the peak figure at $118 per unit in 2021, and then declined modestly in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($528 per unit), while the average price for exports to Saudi Arabia ($55 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 Saudi Arabia (+9.6%), while the prices for the other major destinations experienced more modest paces of growth.
Non-Propelled Vehicle Imports in South Korea
In 2022, after three years of growth, there was significant decline in overseas purchases of vehicles not mechanically propelled, when their volume decreased by -8.6% to 1.6M units. The total import volume increased at an average annual rate of +9.6% 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 2020 when imports increased by 31%. Over the period under review, imports reached the peak figure at 1.8M units in 2021, and then reduced in the following year.
In value terms, non-propelled vehicle imports dropped to $92M in 2022. The total import value increased at an average annual rate of +6.3% over the period from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 13% against the previous year. Over the period under review, imports attained the maximum at $97M in 2021, and then declined in the following year.
| Import of Non-Propelled Vehicle in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 44.1 | 55.9 | 70.8 | 76.6 | 20.2% |
| Japan | 16.7 | 13.7 | 9.4 | 1.8 | -52.4% |
| Vietnam | 1.8 | 1.1 | 0.9 | 1.5 | -5.9% |
| Others | 13.8 | 15.9 | 15.9 | 12.0 | -4.6% |
| Total | 76.4 | 86.6 | 97.1 | 91.8 | 6.3% |
Top Suppliers of Non-Propelled Vehicle to South Korea in 2022:
- China (1545.4K units)
- Vietnam (26.3K units)
- Japan (7.3K units)
Non-Propelled Vehicle Exports in South Korea
After three years of growth, overseas shipments of vehicles not mechanically propelled decreased by -2.1% to 299K units in 2022. The total export volume increased at an average annual rate of +2.4% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 8.3%. Over the period under review, the exports attained the maximum at 305K units in 2021, and then declined slightly in the following year.
In value terms, non-propelled vehicle exports fell modestly to $35M in 2022. The total export value increased at an average annual rate of +3.4% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when exports increased by 8%. Over the period under review, the exports hit record highs at $36M in 2021, and then reduced modestly in the following year.
| Export of Non-Propelled Vehicle in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 2.2 | 4.7 | 5.1 | 6.8 | 45.7% |
| Japan | 4.1 | 4.1 | 4.1 | 5.0 | 6.8% |
| Singapore | 2.2 | 1.7 | 1.9 | 2.6 | 5.7% |
| Mexico | 0.3 | 0.2 | 0.4 | 2.4 | 100.0% |
| China | 10.4 | 10.1 | 9.0 | 2.0 | -42.3% |
| Taiwan (Chinese) | 1.2 | 1.5 | 1.2 | 1.7 | 12.3% |
| Indonesia | 0.2 | 0.9 | 1.3 | 1.7 | 104.1% |
| Vietnam | 1.2 | 1.0 | 1.3 | 1.6 | 10.1% |
| Poland | 0.8 | 0.7 | 0.5 | 1.3 | 17.6% |
| Russia | N/A | 0.2 | 0.3 | 0.5 | 58.1% |
| Thailand | 0.6 | 0.2 | 0.1 | 0.5 | -5.9% |
| Uzbekistan | N/A | N/A | N/A | 0.4 | 0% |
| Saudi Arabia | 0.2 | 0.2 | 0.2 | 0.3 | 14.5% |
| Others | 8.7 | 9.1 | 10.7 | 8.8 | 0.4% |
| Total | 32.0 | 34.6 | 36.2 | 35.4 | 3.4% |
Top Export Markets for Non-Propelled Vehicle from South Korea in 2022:
- Japan (63.2K units)
- United States (39.9K units)
- Mexico (30.0K units)
- Vietnam (28.3K units)
- China (21.6K units)
- Indonesia (15.0K units)
- Taiwan (Chinese) (14.8K units)
- Poland (11.1K units)
- Thailand (5.3K units)
- Saudi Arabia (5.1K units)
- Singapore (4.9K units)
- Russia (4.9K units)
- Uzbekistan (4.6K units)
This report provides an in-depth analysis of the non-propelled vehicle 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 30991000 - Vehicles not mechanically propelled including industry trolleys, barrows, luggage trucks, hopper-trucks, hand pulled golf trolleys excluding shopping trolleys
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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