Republic of Korea - Machinery for Liquefying Air or Gases - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Air or Gas Liquefier in South Korea - 2022
Contents:
- Price for Air or Gas Liquefier in South Korea (CIF) - 2022
- Price for Air or Gas Liquefier in South Korea (FOB) - 2022
- Imports of Air or Gas Liquefier in South Korea
- Exports of Air or Gas Liquefier in South Korea
Price for Air or Gas Liquefier in South Korea (CIF) - 2022
In 2022, the average air or gas liquefier import price amounted to $2,019,094 per unit, with an increase of 15% against the previous year. Over the period under review, the import price, however, continues to indicate a drastic downturn. The pace of growth appeared the most rapid in 2015 when the average import price increased by 88% against the previous year. Over the period under review, average import prices reached the maximum at $5,750,416 per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($5,549,327 per unit), while the price for China totaled $1,097,021 per unit.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-3.2%).
Price for Air or Gas Liquefier in South Korea (FOB) - 2022
In 2022, the average air or gas liquefier export price amounted to $1,611,924 per unit, picking up by 227% against the previous year. In general, the export price showed a prominent expansion. Over the period under review, the average export prices reached the maximum at $1,755,642 per unit in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($4,862,321 per unit), while the average price for exports to Sri Lanka ($120 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 Canada (+42.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Air or Gas Liquefier in South Korea
In 2022, the amount of machinery for liquefying air or gases imported into South Korea dropped rapidly to 23 units, declining by -34.3% on the year before. Overall, imports continue to indicate a deep downturn. The pace of growth appeared the most rapid in 2021 when imports increased by 250% against the previous year. Over the period under review, imports attained the peak figure at 36 units in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, air or gas liquefier imports declined sharply to $46M in 2022. Over the period under review, imports showed a abrupt descent. The pace of growth appeared the most rapid in 2021 with an increase of 113% against the previous year. Over the period under review, imports reached the peak figure at $85M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
| Import of Air or Gas Liquefier in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 45.5 | 4.8 | 30.1 | 19.3 | -24.9% |
| United Arab Emirates | 3.6 | 0.6 | 0.2 | 0.6 | -45.0% |
| Others | 35.7 | 23.8 | 32.0 | 25.8 | -10.3% |
| Total | 84.8 | 29.2 | 62.2 | 45.7 | -18.6% |
Top Suppliers of Air or Gas Liquefier to South Korea in 2022:
- China (18.0 units)
Exports of Air or Gas Liquefier in South Korea
In 2022, shipments abroad of machinery for liquefying air or gases increased by 43% to 10 units for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, showed a precipitous decline. The exports peaked at 24 units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, air or gas liquefier exports skyrocketed to $15M in 2022. In general, exports, however, faced a precipitous slump. Over the period under review, the exports attained the maximum at $37M in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
| Export of Air or Gas Liquefier in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 15.5 | 9.2 | 0.8 | 4.3 | -34.8% |
| Saudi Arabia | 5.2 | 9.1 | 0.7 | 3.2 | -14.9% |
| Canada | N/A | N/A | 0.3 | 2.5 | 733.3% |
| Mexico | 1.3 | 1.3 | 0.1 | 0.6 | -22.7% |
| Thailand | 6.4 | 0.3 | N/A | 0.6 | -54.6% |
| Algeria | 1.8 | 1.3 | 0.1 | 0.3 | -45.0% |
| Sri Lanka | N/A | N/A | N/A | N/A | 0% |
| Chile | N/A | N/A | N/A | N/A | 0% |
| Brunei Darussalam | N/A | N/A | N/A | N/A | 0% |
| Poland | 0.1 | N/A | N/A | N/A | 0% |
| Samoa | N/A | N/A | N/A | N/A | 0% |
| Romania | N/A | N/A | N/A | N/A | 0% |
| Ghana | N/A | N/A | N/A | N/A | 0% |
| Others | 6.3 | 5.9 | 1.6 | 3.8 | -15.5% |
| Total | 36.7 | 27.1 | 3.6 | 15.3 | -25.3% |
Top Export Markets for Air or Gas Liquefier from South Korea in 2022:
- Canada (2.0 units)
- Saudi Arabia (2.0 units)
- Romania (1.0 units)
- Brunei Darussalam (1.0 units)
- Sri Lanka (1.0 units)
- Russia (1.0 units)
This report provides an in-depth analysis of the market for air or gas liquefier 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 28251150 - Machinery for liquefying air or other gases
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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