Republic of Korea - Ploughs For Agricultural Purposes - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPlough Price in South Korea - 2022
Contents:
- Plough Price in South Korea (CIF) - 2022
- Plough Price in South Korea (FOB) - 2022
- Plough Imports in South Korea
- Plough Exports in South Korea
Plough Price in South Korea (CIF) - 2022
The average plough import price stood at $1,103 per unit in 2022, increasing by 3% against the previous year. Over the period under review, the import price, however, continues to indicate a slight decrease. The most prominent rate of growth was recorded in 2015 when the average import price increased by 42% against the previous year. Over the period under review, average import prices hit record highs at $1,522 per unit in 2018; however, from 2019 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($3,160 per unit), while the price for Turkey ($663 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+8.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Plough Price in South Korea (FOB) - 2022
The average plough export price stood at $864 per unit in 2022, growing by 7.9% against the previous year. Overall, the export price, however, recorded a perceptible decline. The pace of growth appeared the most rapid in 2016 an increase of 29% against the previous year. The export price peaked at $1,604 per unit in 2019; however, from 2020 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 Turkey ($1,612 per unit), while the average price for exports to Kyrgyzstan ($88 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 Tanzania (+3.5%), while the prices for the other major destinations experienced a decline.
Plough Imports in South Korea
After two years of decline, purchases abroad of ploughs for agricultural purposes increased by 4.1% to 384 units in 2022. In general, imports, however, saw a abrupt decline. Over the period under review, imports hit record highs at 593 units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, plough imports totaled $423K in 2022. Over the period under review, imports, however, showed a abrupt contraction. Imports peaked at $667K in 2019; however, from 2020 to 2022, imports failed to regain momentum.
| Import of Plough in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 207 | 140 | 85.8 | 69.6 | -30.5% |
| China | 1.4 | 10.1 | 16.3 | 47.4 | 223.5% |
| Japan | 91.5 | 59.9 | 54.0 | 46.8 | -20.0% |
| Italy | 133 | 81.8 | 64.2 | 34.8 | -36.0% |
| Norway | 51.6 | 36.2 | 23.0 | 25.5 | -20.9% |
| Netherlands | 4.3 | 19.0 | 26.5 | 24.4 | 78.4% |
| France | 12.5 | 28.8 | 22.3 | 20.6 | 18.1% |
| Poland | 22.0 | 6.6 | 12.3 | 13.6 | -14.8% |
| Austria | 54.5 | 34.1 | 19.8 | 10.5 | -42.2% |
| Germany | 47.5 | 21.4 | 2.7 | 10.1 | -40.3% |
| Others | 41.7 | 13.5 | 67.6 | 120 | 42.2% |
| Total | 667 | 451 | 395 | 423 | -14.1% |
Top Suppliers of Plough to South Korea in 2022:
- Turkey (105.0 units)
- China (49.0 units)
- Italy (32.0 units)
- Poland (19.0 units)
- Netherlands (17.0 units)
- Norway (17.0 units)
- Japan (15.0 units)
- Germany (13.0 units)
- France (10.0 units)
- Austria (6.0 units)
Plough Exports in South Korea
In 2022, plough exports from South Korea contracted notably to 164 units, which is down by -38.1% against the previous year's figure. Over the period under review, exports recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 when exports increased by 357%. The exports peaked at 278 units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, plough exports fell notably to $142K in 2022. Overall, exports faced a sharp shrinkage. The most prominent rate of growth was recorded in 2021 when exports increased by 196%. Over the period under review, the exports attained the peak figure at $446K in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
| Export of Plough in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Tanzania | 117 | 20.7 | 53.4 | 38.1 | -31.2% |
| Philippines | 16.2 | 9.5 | 30.4 | 24.0 | 14.0% |
| Japan | 6.4 | 0.5 | 6.9 | 17.4 | 39.6% |
| Mozambique | 22.4 | 4.4 | 16.4 | 9.8 | -24.1% |
| China | 3.9 | 1.1 | 33.7 | 9.5 | 34.6% |
| Turkey | 24.6 | 4.3 | 10.8 | 7.6 | -32.4% |
| El Salvador | 21.8 | 3.9 | 9.9 | 7.1 | -31.2% |
| Egypt | 87.8 | 5.8 | 2.2 | 4.4 | -63.1% |
| India | 13.9 | 2.5 | 5.3 | 3.2 | -38.7% |
| Taiwan (Chinese) | 23.4 | 2.3 | 2.3 | 2.9 | -50.1% |
| Kyrgyzstan | 1.3 | 0.2 | 1.4 | 1.5 | 4.9% |
| Saudi Arabia | 12.4 | 0.7 | 0.3 | 1.1 | -55.4% |
| Myanmar | 2.9 | 0.4 | 0.9 | 0.5 | -44.3% |
| Others | 92.4 | 15.4 | 38.1 | 14.6 | -45.9% |
| Total | 446 | 71.6 | 212 | 142 | -31.7% |
Top Export Markets for Plough from South Korea in 2022:
- Tanzania (32.0 units)
- Philippines (25.0 units)
- Kyrgyzstan (17.0 units)
- China (16.0 units)
- Japan (15.0 units)
- Mozambique (11.0 units)
- Turkey (5.0 units)
- Egypt (5.0 units)
- El Salvador (5.0 units)
- Taiwan (Chinese) (3.0 units)
- Myanmar (3.0 units)
- India (3.0 units)
- Saudi Arabia (3.0 units)
This report provides an in-depth analysis of the plough 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 28303130 -
- Prodcom 28303150 -
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
-
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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