Price for Balls; (Other than Inflatable or for Lawn-Tennis, Golf or Table-Tennis) in South Korea - 2022
Contents:
- Price for Balls; (Other than Inflatable or for Lawn-Tennis, Golf or Table-Tennis) in South Korea (CIF) - 2022
- Price for Balls; (Other than Inflatable or for Lawn-Tennis, Golf or Table-Tennis) in South Korea (FOB) - 2022
- Imports of Balls; (Other than Inflatable or for Lawn-Tennis, Golf or Table-Tennis) in South Korea
- Exports of Balls; (Other than Inflatable or for Lawn-Tennis, Golf or Table-Tennis) in South Korea
Price for Balls; (Other than Inflatable or for Lawn-Tennis, Golf or Table-Tennis) in South Korea (CIF) - 2022
The average import price for balls; (other than inflatable or for lawn-tennis, golf or table-tennis) stood at $2.5 per unit in 2022, growing by 11% against the previous year. In general, import price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of +6.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for balls; (other than inflatable or for lawn-tennis, golf or table-tennis) increased by +84.7% against 2012 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Sri Lanka ($2.5 per unit), while the price for China ($2.5 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+6.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Balls; (Other than Inflatable or for Lawn-Tennis, Golf or Table-Tennis) in South Korea (FOB) - 2022
The average export price for balls; (other than inflatable or for lawn-tennis, golf or table-tennis) stood at $2.9 per unit in 2022, approximately reflecting the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.8%. The growth pace was the most rapid in 2013 when the average export price increased by 23% against the previous year. The export price peaked at $3.1 per unit in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.
Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Singapore ($2.9 per unit) and Taiwan (Chinese) ($2.9 per unit), while the average price for exports to China ($2.9 per unit) and Finland ($2.9 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 Taiwan (Chinese) (+1.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Balls; (Other than Inflatable or for Lawn-Tennis, Golf or Table-Tennis) in South Korea
In 2022, imports of balls; (other than inflatable or for lawn-tennis, golf or table-tennis) into South Korea surged to 15M units, jumping by 32% on the previous year. Overall, imports, however, showed a abrupt downturn. Imports peaked at 19M units in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, imports of balls; (other than inflatable or for lawn-tennis, golf or table-tennis) soared to $37M in 2022. Over the period under review, imports, however, showed a relatively flat trend pattern. Imports peaked at $38M in 2019; however, from 2020 to 2022, imports remained at a lower figure.
| Import of Balls; (Other than Inflatable or for Lawn-Tennis, Golf or Table-Tennis) in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 34.5 | 19.9 | 22.7 | 33.8 | -0.7% |
| Sri Lanka | 1.1 | 0.9 | 0.8 | 1.2 | 2.9% |
| Japan | 0.8 | 0.8 | 0.7 | 0.8 | 0.0% |
| Others | 1.2 | 1.1 | 1.0 | 1.0 | -5.9% |
| Total | 37.6 | 22.6 | 25.2 | 36.8 | -0.7% |
Top Suppliers of Balls; (Other than Inflatable or for Lawn-Tennis, Golf or Table-Tennis) to South Korea in 2022:
- China (13.7M units)
- Sri Lanka (0.5M units)
- Japan (0.3M units)
Exports of Balls; (Other than Inflatable or for Lawn-Tennis, Golf or Table-Tennis) in South Korea
In 2022, the amount of balls; (other than inflatable or for lawn-tennis, golf or table-tennis) exported from South Korea declined to 92K units, waning by -14.4% compared with the year before. Over the period under review, exports continue to indicate a noticeable contraction. The growth pace was the most rapid in 2021 with an increase of 32%. As a result, the exports reached the peak of 108K units, and then declined in the following year.
In value terms, exports of balls; (other than inflatable or for lawn-tennis, golf or table-tennis) contracted notably to $271K in 2022. In general, exports recorded a noticeable slump. The pace of growth was the most pronounced in 2021 with an increase of 31% against the previous year. As a result, the exports reached the peak of $321K, and then fell significantly in the following year.
| Export of Balls; (Other than Inflatable or for Lawn-Tennis, Golf or Table-Tennis) in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 165 | 160 | 245 | 218 | 9.7% |
| Finland | N/A | 8.7 | 9.9 | 13.2 | 23.2% |
| Japan | 16.7 | 39.6 | 18.1 | 9.6 | -16.9% |
| Indonesia | N/A | N/A | N/A | 9.4 | 0% |
| Australia | 4.6 | 7.6 | 0.4 | 5.2 | 4.2% |
| China | 59.1 | 17.6 | 26.5 | 4.2 | -58.6% |
| Vietnam | 25.0 | 1.1 | 2.1 | 1.4 | -61.7% |
| Hong Kong SAR | 23.1 | 2.2 | 3.6 | 0.1 | -83.7% |
| Others | 19.5 | 8.6 | 15.0 | 10.1 | -19.7% |
| Total | 313 | 245 | 321 | 271 | -4.7% |
Top Export Markets for Balls; (Other than Inflatable or for Lawn-Tennis, Golf or Table-Tennis) from South Korea in 2022:
- United States (74.3K units)
- Finland (4.5K units)
- Japan (3.3K units)
- Indonesia (3.2K units)
- Australia (1.8K units)
- China (1.4K units)
- Vietnam (0.5K units)
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