Republic of Korea - Elevators and Conveyors other than Pneumatic, Belt- or Bucket-Type - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Elevators and Conveyors Other than Pneumatic, Belt- or Bucket-Type in South Korea - 2022
Contents:
- Price for Elevators and Conveyors Other than Pneumatic, Belt- or Bucket-Type in South Korea (FOB) - 2022
- Price for Elevators and Conveyors Other than Pneumatic, Belt- or Bucket-Type in South Korea (CIF) - 2022
- Exports of Elevators and Conveyors Other than Pneumatic, Belt- or Bucket-Type in South Korea
- Imports of Elevators and Conveyors Other than Pneumatic, Belt- or Bucket-Type in South Korea
Price for Elevators and Conveyors Other than Pneumatic, Belt- or Bucket-Type in South Korea (FOB) - 2022
The average export price for elevators and conveyors other than pneumatic, belt- or bucket-type stood at $13,697 per unit in 2022, remaining relatively unchanged against the previous year. In general, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 an increase of 7% against the previous year. Over the period under review, the average export prices attained the maximum at $14,500 per unit in 2015; however, from 2016 to 2022, the export prices stood at a somewhat 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 China ($23,962 per unit), while the average price for exports to Japan ($3,982 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 the Czech Republic (+14.0%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Elevators and Conveyors Other than Pneumatic, Belt- or Bucket-Type in South Korea (CIF) - 2022
The average import price for elevators and conveyors other than pneumatic, belt- or bucket-type stood at $9,352 per unit in 2022, shrinking by -2.7% against the previous year. In general, the import price continues to indicate a perceptible downturn. The pace of growth was the most pronounced in 2017 an increase of 17%. Over the period under review, average import prices reached the peak figure at $17,794 per unit in 2018; however, from 2019 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 Finland ($55,451 per unit), while the price for Vietnam ($3,706 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+25.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Elevators and Conveyors Other than Pneumatic, Belt- or Bucket-Type in South Korea
In 2022, the amount of elevators and conveyors other than pneumatic, belt- or bucket-type exported from South Korea rose modestly to 22K units, surging by 4.6% against 2021 figures. The total export volume increased at an average annual rate of +5.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 37% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in years to come.
In value terms, exports of elevators and conveyors other than pneumatic, belt- or bucket-type expanded markedly to $302M in 2022. The total export value increased at an average annual rate of +6.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when exports increased by 38% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the immediate term.
| Export of Elevators and Conveyors Other than Pneumatic, Belt- or Bucket-Type in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 9.3 | 9.6 | 56.1 | 85.0 | 109.1% |
| China | 70.3 | 65.3 | 73.0 | 58.0 | -6.2% |
| Poland | 104 | 45.5 | 26.8 | 42.3 | -25.9% |
| Czech Republic | 0.9 | N/A | N/A | 23.1 | 195.0% |
| Germany | 4.0 | 2.9 | 7.0 | 17.6 | 63.9% |
| Mexico | 3.8 | 2.1 | 25.5 | 15.4 | 59.4% |
| Vietnam | 11.4 | 28.9 | 4.0 | 12.5 | 3.1% |
| Thailand | 5.5 | 0.5 | 3.3 | 3.5 | -14.0% |
| Indonesia | 3.4 | 18.0 | 3.9 | 1.9 | -17.6% |
| Japan | 8.2 | 10.2 | 4.6 | 1.8 | -39.7% |
| Others | 30.5 | 24.4 | 82.2 | 41.4 | 10.7% |
| Total | 251 | 207 | 287 | 302 | 6.4% |
Top Export Markets for Elevators and Conveyors Other than Pneumatic, Belt- or Bucket-Type from South Korea in 2022:
- United States (4.6K units)
- Poland (3.5K units)
- China (2.4K units)
- Czech Republic (1.6K units)
- Germany (1.1K units)
- Vietnam (1.0K units)
- Mexico (0.9K units)
- Japan (0.4K units)
- Thailand (0.3K units)
- Indonesia (0.2K units)
Imports of Elevators and Conveyors Other than Pneumatic, Belt- or Bucket-Type in South Korea
In 2022, purchases abroad of elevators and conveyors other than pneumatic, belt- or bucket-type decreased by -9.5% to 14K units for the first time since 2018, thus ending a three-year rising trend. Overall, imports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 68%. Over the period under review, imports of attained the peak figure at 15K units in 2021, and then reduced in the following year.
In value terms, imports of elevators and conveyors other than pneumatic, belt- or bucket-type fell to $128M in 2022. Over the period under review, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +15.2% 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 +53.0% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 34% against the previous year. As a result, imports attained the peak of $146M, and then fell in the following year.
| Import of Elevators and Conveyors Other than Pneumatic, Belt- or Bucket-Type in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 28.7 | 41.7 | 70.2 | 70.2 | 34.7% |
| Austria | 0.1 | 0.5 | 0.3 | 15.2 | 433.7% |
| Germany | 14.9 | 15.2 | 13.7 | 8.0 | -18.7% |
| Denmark | 3.8 | 2.2 | N/A | 7.7 | 26.5% |
| Italy | 0.8 | 17.1 | 31.4 | 4.9 | 83.0% |
| Japan | 10.0 | 12.4 | 14.4 | 4.2 | -25.1% |
| Finland | 6.3 | 6.4 | N/A | 2.8 | -23.7% |
| Taiwan (Chinese) | 0.4 | 1.1 | 0.6 | 2.6 | 86.6% |
| Malaysia | 2.2 | N/A | 0.2 | 1.2 | -18.3% |
| Vietnam | 0.6 | 0.1 | 2.0 | 0.6 | 0.0% |
| Others | 16.1 | 12.3 | 13.0 | 10.8 | -12.5% |
| Total | 83.9 | 109 | 146 | 128 | 15.1% |
Top Suppliers of Elevators and Conveyors Other than Pneumatic, Belt- or Bucket-Type to South Korea in 2022:
- China (6.2K units)
- Austria (0.9K units)
- Germany (0.5K units)
- Italy (0.3K units)
- Denmark (0.3K units)
- Malaysia (0.3K units)
- Taiwan (Chinese) (0.2K units)
- Vietnam (0.2K units)
- Finland (0.1K units)
- Japan (0.1K units)
This report provides an in-depth analysis of the market for elevators and conveyors other than pneumatic, belt- or bucket-type 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 28221793 - Roller conveyors for goods or materials (excluding pneumatic elevators and conveyors, those specially designed for use underground, bucket type, belt type)
- Prodcom 28221795 - Continuous-action elevators or conveyors for goods or materials (excluding pneumatic elevators or conveyors, those designed for use underground, bucket type, belt type, roller conveyors)
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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