Republic of Korea - Bearing Housings Incorporating Ball Or Roller Bearings - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Bearing Housing with Ball Bearing in South Korea - 2022
Contents:
- Price for Bearing Housing with Ball Bearing in South Korea (CIF) - 2022
- Price for Bearing Housing with Ball Bearing in South Korea (FOB) - 2022
- Imports of Bearing Housing with Ball Bearing in South Korea
- Exports of Bearing Housing with Ball Bearing in South Korea
Price for Bearing Housing with Ball Bearing in South Korea (CIF) - 2022
The average import price for bearing housings incorporating ball or roller bearings stood at $11,972 per ton in 2022, falling by -12.7% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average import price increased by 48% against the previous year. Over the period under review, average import prices reached the maximum at $13,714 per ton in 2021, and then reduced in the following year.
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 ($100,229 per ton), while the price for China ($5,073 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+16.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Bearing Housing with Ball Bearing in South Korea (FOB) - 2022
In 2022, the average export price for bearing housings incorporating ball or roller bearings amounted to $9,678 per ton, waning by -2.1% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of 35% against the previous year. As a result, the export price reached the peak level of $13,301 per ton. From 2019 to 2022, the average export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was India ($17,728 per ton), while the average price for exports to Slovenia ($4,614 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+9.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Bearing Housing with Ball Bearing in South Korea
In 2022, after two years of decline, there was significant growth in purchases abroad of bearing housings incorporating ball or roller bearings, when their volume increased by 25% to 1.1K tons. In general, imports, however, continue to indicate a abrupt slump.
In value terms, bearing housing with ball bearing imports rose rapidly to $13M in 2022. The total import value increased at an average annual rate of +9.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 with an increase of 36%. As a result, imports reached the peak of $13M. From 2021 to 2022, the growth of imports failed to regain momentum.
Import of Bearing Housing with Ball Bearing in South Korea (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 2.6 | 2.1 | 2.9 | 3.2 | 7.2% |
Vietnam | 1.8 | 2.9 | 1.2 | 2.9 | 17.2% |
Germany | 0.7 | 2.2 | 3.2 | 2.9 | 60.6% |
United States | 1.6 | 3.1 | 1.6 | 1.7 | 2.0% |
Japan | 1.3 | 1.6 | 1.2 | 1.0 | -8.4% |
Others | 1.4 | 1.1 | 1.4 | 0.9 | -13.7% |
Total | 9.5 | 13.0 | 11.6 | 12.7 | 10.2% |
Top Suppliers of Bearing Housing with Ball Bearing to South Korea in 2022:
- China (621.2 tons)
- Vietnam (336.2 tons)
- Germany (29.1 tons)
- United States (24.6 tons)
- Japan (18.1 tons)
Exports of Bearing Housing with Ball Bearing in South Korea
In 2022, approx. 912 tons of bearing housings incorporating ball or roller bearings were exported from South Korea; rising by 23% compared with the previous year. Over the period under review, exports showed a relatively flat trend pattern. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, bearing housing with ball bearing exports surged to $8.8M in 2022. Overall, exports, however, showed a mild setback.
Export of Bearing Housing with Ball Bearing in South Korea (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
India | 864 | 565 | 457 | 1,667 | 24.5% |
China | 1,511 | 583 | 986 | 951 | -14.3% |
Turkey | 653 | 734 | 491 | 769 | 5.6% |
Austria | 385 | 321 | 327 | 679 | 20.8% |
Sweden | 675 | 377 | 726 | 520 | -8.3% |
Malaysia | 232 | 134 | 188 | 408 | 20.7% |
United States | 521 | 137 | 165 | 375 | -10.4% |
Germany | 277 | 191 | 142 | 320 | 4.9% |
Russia | 36.6 | 114 | 173 | 251 | 90.0% |
Finland | 113 | 58.7 | 144 | 216 | 24.1% |
Philippines | 256 | 109 | 103 | 200 | -7.9% |
Slovenia | 77.3 | 51.7 | 75.8 | 188 | 34.5% |
Colombia | 16.9 | 89.5 | 81.9 | 157 | 110.2% |
Others | 3,677 | 2,873 | 3,292 | 2,132 | -16.6% |
Total | 9,295 | 6,339 | 7,352 | 8,831 | -1.7% |
Top Export Markets for Bearing Housing with Ball Bearing from South Korea in 2022:
- Austria (138.0 tons)
- Turkey (113.0 tons)
- Sweden (98.6 tons)
- India (94.0 tons)
- China (77.1 tons)
- Slovenia (40.7 tons)
- United States (40.7 tons)
- Philippines (38.6 tons)
- Germany (38.3 tons)
- Finland (32.1 tons)
- Malaysia (30.6 tons)
- Russia (18.8 tons)
- Colombia (15.0 tons)
This report provides an in-depth analysis of the market for bearing housing with ball bearing 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 28152330 - Bearing housings incorporating ball or roller bearings
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
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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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