Republic of Korea - Pneumatic Elevators And Conveyors - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPneumatic Elevator Price in South Korea - 2022
Contents:
- Pneumatic Elevator Price in South Korea (FOB) - 2022
- Pneumatic Elevator Price in South Korea (CIF) - 2022
- Pneumatic Elevator Exports in South Korea
- Pneumatic Elevator Imports in South Korea
Pneumatic Elevator Price in South Korea (FOB) - 2022
In 2022, the average pneumatic elevator export price amounted to $15,124 per unit, growing by 7.8% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 37% against the previous year. The export price peaked at $22,219 per unit in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Vietnam ($15,407 per unit) and Poland ($15,353 per unit), while the average price for exports to China ($15,073 per unit) and India ($15,192 per unit) were 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 (+8.6%), while the prices for the other major destinations experienced more modest paces of growth.
Pneumatic Elevator Price in South Korea (CIF) - 2022
The average pneumatic elevator import price stood at $12,528 per unit in 2022, declining by -19.7% against the previous year. In general, the import price showed a deep contraction. The growth pace was the most rapid in 2019 an increase of 133% against the previous year. As a result, import price reached the peak level of $36,890 per unit. From 2020 to 2022, the average import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($19,249 per unit), while the price for Japan ($27 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Israel (+14.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Pneumatic Elevator Exports in South Korea
In 2022, after three years of growth, there was significant decline in shipments abroad of pneumatic elevators and conveyors, when their volume decreased by -55% to 1.1K units. Over the period under review, exports, however, recorded a remarkable increase. The most prominent rate of growth was recorded in 2021 when exports increased by 158%. As a result, the exports reached the peak of 2.5K units, and then reduced notably in the following year.
In value terms, pneumatic elevator exports shrank rapidly to $17M in 2022. Overall, exports saw a abrupt decline. The most prominent rate of growth was recorded in 2021 when exports increased by 108% against the previous year. As a result, the exports attained the peak of $35M, and then contracted dramatically in the following year.
| Export of Pneumatic Elevator in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 2.2 | 1.3 | 0.6 | 9.5 | 62.8% |
| Indonesia | 0.1 | 0.6 | 4.8 | 4.1 | 244.8% |
| United States | 0.9 | 0.3 | 2.9 | 1.3 | 13.0% |
| China | 4.9 | 2.1 | 1.3 | 0.9 | -43.2% |
| Poland | N/A | 2.3 | 5.1 | 0.4 | -58.3% |
| Vietnam | 11.3 | 1.5 | 8.5 | 0.4 | -67.2% |
| Thailand | N/A | 0.3 | 8.4 | N/A | 2700.0% |
| Sweden | N/A | 4.7 | N/A | N/A | 0% |
| Others | 1.4 | 3.6 | 3.7 | 0.6 | -24.6% |
| Total | 20.8 | 16.9 | 35.3 | 17.1 | -6.3% |
Top Export Markets for Pneumatic Elevator from South Korea in 2022:
- India (626.0 units)
- Indonesia (268.0 units)
- United States (83.0 units)
- China (58.0 units)
- Poland (25.0 units)
- Vietnam (24.0 units)
- Thailand (1.0 units)
Pneumatic Elevator Imports in South Korea
For the fourth year in a row, South Korea recorded growth in overseas purchases of pneumatic elevators and conveyors, which increased by 1.6% to 803 units in 2022. Overall, imports posted a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 145% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, pneumatic elevator imports contracted significantly to $10M in 2022. The total import value increased at an average annual rate of +1.3% from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 20%. Over the period under review, imports attained the peak figure at $12M in 2021, and then shrank dramatically in the following year.
| Import of Pneumatic Elevator in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 3.7 | 6.1 | 6.9 | 4.2 | 4.3% |
| China | 0.3 | 0.6 | 0.9 | 2.1 | 91.3% |
| United States | 0.7 | 0.4 | 0.3 | 1.0 | 12.6% |
| Israel | N/A | 1.5 | 1.4 | 0.9 | -22.5% |
| Austria | 1.0 | 1.4 | 1.3 | 0.7 | -11.2% |
| India | 0.1 | 0.5 | 0.6 | 0.5 | 71.0% |
| Italy | 0.1 | 0.3 | 0.4 | 0.3 | 44.2% |
| Belgium | 0.4 | N/A | N/A | N/A | 0% |
| Japan | 0.1 | 0.1 | N/A | N/A | 0.0% |
| Others | 3.2 | 0.7 | 0.5 | 0.4 | -50.0% |
| Total | 9.7 | 11.6 | 12.3 | 10.1 | 1.4% |
Top Suppliers of Pneumatic Elevator to South Korea in 2022:
- Germany (223.0 units)
- Israel (204.0 units)
- China (109.0 units)
- Italy (72.0 units)
- United States (53.0 units)
- India (48.0 units)
- Austria (38.0 units)
- Japan (1.0 units)
This report provides an in-depth analysis of the pneumatic elevator 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 28221740 - Pneumatic elevators and conveyors
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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