Republic of Korea - Electric Ovens, Cookers, Cooking Plates, Boiling Rings, Grillers And Roasters - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPrice for Electric Oven and Cooker in South Korea - 2022
Contents:
- Price for Electric Oven and Cooker in South Korea (CIF) - 2022
- Price for Electric Oven and Cooker in South Korea (FOB) - 2022
- Imports of Electric Oven and Cooker in South Korea
- Exports of Electric Oven and Cooker in South Korea
Price for Electric Oven and Cooker in South Korea (CIF) - 2022
In 2022, the average electric oven and cooker import price amounted to $178 per unit, picking up by 5.2% against the previous year. Overall, the import price, however, showed a perceptible setback. The pace of growth was the most pronounced in 2020 when the average import price increased by 14% against the previous year. Over the period under review, average import prices attained the peak figure at $218 per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Italy ($178 per unit) and France ($178 per unit), while the price for Germany ($178 per unit) and Malaysia ($178 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+0.8%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Electric Oven and Cooker in South Korea (FOB) - 2022
In 2022, the average electric oven and cooker export price amounted to $186 per unit, jumping by 42% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. Over the period under review, the average export prices attained the peak figure at $203 per unit in 2012; however, from 2013 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 Australia ($186 per unit) and Vietnam ($186 per unit), while the average price for exports to Russia ($186 per unit) and Canada ($186 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 Australia (-0.3%), while the prices for the other major destinations experienced a decline.
Imports of Electric Oven and Cooker in South Korea
In 2022, approx. 1.8M units of electric ovens, cookers, cooking plates, boiling rings, grillers and roasters were imported into South Korea; falling by -28% on the year before. In general, imports faced a deep reduction. The most prominent rate of growth was recorded in 2021 when imports increased by 22%. As a result, imports reached the peak of 2.5M units, and then shrank notably in the following year.
In value terms, electric oven and cooker imports declined notably to $327M in 2022. Over the period under review, imports recorded a noticeable decline. The most prominent rate of growth was recorded in 2021 with an increase of 29% against the previous year. As a result, imports attained the peak of $431M, and then fell markedly in the following year.
| Import of Electric Oven and Cooker in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 279 | 254 | 359 | 264 | -1.8% |
| Malaysia | 40.8 | 43.6 | 27.1 | 22.9 | -17.5% |
| Italy | 7.1 | 8.4 | 12.8 | 13.3 | 23.3% |
| Germany | 14.8 | 11.0 | 15.9 | 10.8 | -10.0% |
| United States | 4.2 | 4.9 | 4.1 | 6.5 | 15.7% |
| Others | 11.3 | 11.9 | 12.6 | 9.2 | -6.6% |
| Total | 357 | 334 | 431 | 327 | -2.9% |
Top Suppliers of Electric Oven and Cooker to South Korea in 2022:
- China (1479.8K units)
- Malaysia (128.1K units)
- Italy (74.5K units)
- Germany (60.8K units)
- United States (36.2K units)
Exports of Electric Oven and Cooker in South Korea
In 2022, after three years of growth, there was significant decline in shipments abroad of electric ovens, cookers, cooking plates, boiling rings, grillers and roasters, when their volume decreased by -27.9% to 1.7M units. Overall, exports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 92% against the previous year. As a result, the exports reached the peak of 2.4M units, and then declined significantly in the following year.
In value terms, electric oven and cooker exports reached $322M in 2022. Over the period under review, exports, however, recorded significant growth. The pace of growth was the most pronounced in 2021 with an increase of 48% against the previous year. The exports peaked in 2022 and are likely to continue growth in the near future.
| Export of Electric Oven and Cooker in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 102 | 131 | 202 | 203 | 25.8% |
| Canada | 19.0 | 28.8 | 54.1 | 47.2 | 35.4% |
| China | 21.6 | 22.3 | 27.9 | 30.6 | 12.3% |
| Vietnam | 9.3 | 11.0 | 11.1 | 14.4 | 15.7% |
| Australia | 1.5 | 1.8 | 2.6 | 8.1 | 75.4% |
| Japan | 4.2 | 4.0 | 4.8 | 4.3 | 0.8% |
| Others | 15.6 | 13.3 | 12.5 | 14.1 | -3.3% |
| Total | 173 | 213 | 315 | 322 | 23.0% |
Top Export Markets for Electric Oven and Cooker from South Korea in 2022:
- United States (1094.8K units)
- Canada (253.9K units)
- China (164.7K units)
- Vietnam (77.5K units)
- Australia (43.8K units)
- Japan (23.4K units)
This report provides an in-depth analysis of the market for electric oven and cooker 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 27512810 - Domestic electric cookers with at least an oven and a hob (including combined gas-electric appliances)
- Prodcom 27512830 - Electric cooking plates, boiling rings and hobs for domestic use
- Prodcom 27512850 - Domestic electric grills and roasters
- Prodcom 27512870 - Domestic electric ovens for building-in
- Prodcom 27512890 - Domestic electric ovens (excluding those for building-in, m icrowave ovens)
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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