Republic of Korea - Pressure-Reducing, Control, Check and Safety Valves - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPressure-Reducing Iron Valve Price in South Korea - 2022
Contents:
- Pressure-Reducing Iron Valve Price in South Korea (FOB) - 2022
- Pressure-Reducing Iron Valve Price in South Korea (CIF) - 2022
- Pressure-Reducing Iron Valve Exports in South Korea
- Pressure-Reducing Iron Valve Imports in South Korea
Pressure-Reducing Iron Valve Price in South Korea (FOB) - 2022
The average pressure-reducing iron valve export price stood at $8.8 per unit in December 2022, dropping by -18.2% against the previous month. In general, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in November 2022 when the average export price increased by 23% against the previous month. Over the period under review, the average export prices attained the maximum at $12.4 per unit in July 2022; however, from August 2022 to December 2022, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Japan ($21.6 per unit), while the average price for exports to the Czech Republic ($4.6 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 Vietnam (+8.4%), while the prices for the other major destinations experienced mixed trend patterns.
Pressure-Reducing Iron Valve Price in South Korea (CIF) - 2022
In December 2022, the average pressure-reducing iron valve import price amounted to $16.0 per unit, rising by 25% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.8%. The most prominent rate of growth was recorded in February 2022 when the average import price increased by 28% m-o-m. Over the period under review, average import prices hit record highs in December 2022.
Prices varied noticeably by the country of origin: the country with the highest price was Thailand ($80.8 per unit), while the price for Italy ($10.4 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 Thailand (+29.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Pressure-Reducing Iron Valve Exports in South Korea
In 2022, the amount of pressure-reducing, control, check and safety valves exported from South Korea rose significantly to 13M units, surging by 12% against the previous year's figure. The total export volume increased at an average annual rate of +3.2% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, pressure-reducing iron valve exports surged to $127M in 2022. The total export value increased at an average annual rate of +9.9% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Pressure-Reducing Iron Valve in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 20.9 | 23.3 | 32.7 | 31.2 | 14.3% |
| United States | 18.1 | 18.0 | 25.1 | 22.9 | 8.2% |
| Taiwan (Chinese) | 2.1 | 0.6 | 1.2 | 12.6 | 81.7% |
| Japan | 7.3 | 10.3 | 12.0 | 9.7 | 9.9% |
| India | 10.0 | 5.8 | 8.0 | 9.2 | -2.7% |
| Russia | 0.2 | 5.7 | 5.0 | 5.9 | 209.0% |
| Indonesia | 6.6 | 1.8 | 2.1 | 4.9 | -9.5% |
| Vietnam | 3.6 | 1.5 | 2.0 | 3.3 | -2.9% |
| Malaysia | 3.8 | 0.3 | 0.6 | 2.8 | -9.7% |
| Thailand | 2.2 | 1.3 | 1.1 | 2.8 | 8.4% |
| Czech Republic | 6.2 | 5.0 | 2.7 | 2.5 | -26.1% |
| United Arab Emirates | 0.5 | 1.6 | 3.1 | 2.1 | 61.3% |
| Saudi Arabia | 0.4 | 4.6 | 0.2 | 1.4 | 51.8% |
| Others | 13.6 | 13.5 | 11.5 | 15.6 | 4.7% |
| Total | 95.6 | 93.3 | 107 | 127 | 9.9% |
Top Export Markets for Pressure-Reducing Iron Valve from South Korea in 2022:
- United States (3235.0K units)
- China (3052.0K units)
- India (1302.7K units)
- Indonesia (644.5K units)
- Taiwan (Chinese) (618.3K units)
- Vietnam (567.4K units)
- Russia (537.1K units)
- Czech Republic (519.0K units)
- United Arab Emirates (332.4K units)
- Japan (258.0K units)
- Saudi Arabia (231.0K units)
- Malaysia (230.5K units)
- Thailand (185.5K units)
Pressure-Reducing Iron Valve Imports in South Korea
In 2022, pressure-reducing iron valve imports into South Korea expanded notably to 8.2M units, increasing by 9.6% compared with 2021. The total import volume increased at an average annual rate of +5.6% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 13% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in years to come.
In value terms, pressure-reducing iron valve imports rose notably to $105M in 2022. Overall, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +14.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +50.2% against 2019 indices. The growth pace was the most rapid in 2020 when imports increased by 23%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.
| Import of Pressure-Reducing Iron Valve in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 19.3 | 28.0 | 37.2 | 43.7 | 31.3% |
| Japan | 14.0 | 17.3 | 19.3 | 19.2 | 11.1% |
| United States | 13.8 | 18.7 | 19.4 | 18.7 | 10.7% |
| Germany | 3.1 | 3.5 | 7.1 | 6.3 | 26.7% |
| Italy | 3.7 | 3.0 | 3.4 | 3.3 | -3.7% |
| Mexico | 4.8 | 2.2 | 2.1 | 2.5 | -19.5% |
| Hungary | 1.1 | 1.0 | 1.6 | 1.6 | 13.3% |
| Denmark | 0.8 | 0.2 | 0.9 | 1.4 | 20.5% |
| Sweden | 0.3 | 0.9 | 0.4 | 1.0 | 49.4% |
| Vietnam | N/A | N/A | 0.6 | 0.6 | 0.0% |
| India | 1.2 | 2.6 | 0.8 | 0.4 | -30.7% |
| Lithuania | 0.9 | 1.2 | 0.9 | 0.3 | -30.7% |
| Others | 7.0 | 7.6 | 6.5 | 6.2 | -4.0% |
| Total | 70.1 | 86.3 | 100 | 105 | 14.4% |
Top Suppliers of Pressure-Reducing Iron Valve to South Korea in 2022:
- China (4292.6K units)
- Japan (898.1K units)
- United States (713.6K units)
- Italy (423.7K units)
- Vietnam (317.7K units)
- Germany (270.6K units)
- Mexico (266.3K units)
- Sweden (209.4K units)
- Hungary (160.5K units)
- Denmark (158.5K units)
- Lithuania (52.2K units)
- India (35.1K units)
This report provides an in-depth analysis of the pressure-reducing iron valve 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 28141120 - Pressure-reducing valves of cast iron or steel, for pipes, b oiler shells, tanks, vats and the like (excluding those combined with lubricators or filters)
- Prodcom 28141140 - Pressure-reducing valves for pipes, boiler shells, tanks, vats and the like (excluding of cast iron or steel, those combined with filters or lubricators)
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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