Price for Floating Structures; Tanks, Coffer-Dams, Landing Stages, Buoys and Beacons in South Korea - 2022
Contents:
- Price for Floating Structures; Tanks, Coffer-Dams, Landing Stages, Buoys and Beacons in South Korea (CIF) - 2022
- Price for Floating Structures; Tanks, Coffer-Dams, Landing Stages, Buoys and Beacons in South Korea (FOB) - 2022
- Imports of Floating Structures; Tanks, Coffer-Dams, Landing Stages, Buoys and Beacons in South Korea
- Exports of Floating Structures; Tanks, Coffer-Dams, Landing Stages, Buoys and Beacons in South Korea
Price for Floating Structures; Tanks, Coffer-Dams, Landing Stages, Buoys and Beacons in South Korea (CIF) - 2022
In 2022, the average import price for floating structures; tanks, coffer-dams, landing stages, buoys and beaconses amounted to $41 per unit, with a decrease of -89% against the previous year. Overall, the import price saw a sharp reduction. The most prominent rate of growth was recorded in 2021 when the average import price increased by 289%. The import price peaked at $667 per unit in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.
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 the United States ($285 per unit), while the price for China stood at $38 per unit.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (-8.2%).
Price for Floating Structures; Tanks, Coffer-Dams, Landing Stages, Buoys and Beacons in South Korea (FOB) - 2022
The average export price for floating structures; tanks, coffer-dams, landing stages, buoys and beaconses stood at $1,141 per unit in 2022, picking up by 86% against the previous year. In general, the export price showed measured growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hong Kong SAR ($7,292 per unit), while the average price for exports to Angola ($3 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 Hong Kong SAR (+8.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Floating Structures; Tanks, Coffer-Dams, Landing Stages, Buoys and Beacons in South Korea
In 2022, approx. 2.1M units of floating structures; tanks, coffer-dams, landing stages, buoys and beaconses were imported into South Korea; picking up by 6,405% against the year before. In general, imports continue to indicate a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of floating structures; tanks, coffer-dams, landing stages, buoys and beaconses soared to $86M in 2022. Over the period under review, imports enjoyed a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Floating Structures; Tanks, Coffer-Dams, Landing Stages, Buoys and Beacons in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 0.5 | 14.6 | 0.7 | 80.3 | 443.6% |
| Others | 6.7 | 9.9 | 11.4 | 5.9 | -4.1% |
| Total | 7.3 | 24.5 | 12.1 | 86.3 | 127.8% |
Top Suppliers of Floating Structures; Tanks, Coffer-Dams, Landing Stages, Buoys and Beacons to South Korea in 2022:
- China (2.1M units)
Exports of Floating Structures; Tanks, Coffer-Dams, Landing Stages, Buoys and Beacons in South Korea
In 2022, exports of floating structures; tanks, coffer-dams, landing stages, buoys and beaconses from South Korea contracted rapidly to 5.6K units, declining by -24.4% compared with the previous year. In general, exports showed a mild curtailment. 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 7.4K units, and then reduced notably in the following year.
In value terms, exports of floating structures; tanks, coffer-dams, landing stages, buoys and beaconses surged to $6.4M in 2022. Over the period under review, total exports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +15.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +87.9% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Floating Structures; Tanks, Coffer-Dams, Landing Stages, Buoys and Beacons in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hong Kong SAR | 5.1 | 21.3 | 0.8 | 1,816 | 608.8% |
| Taiwan (Chinese) | 20.2 | 141 | 1,041 | 1,367 | 307.5% |
| Vietnam | 152 | 133 | 190 | 1,281 | 103.5% |
| Japan | 160 | 29.7 | 70.1 | 482 | 44.4% |
| Indonesia | 452 | 114 | 2.5 | 299 | -12.9% |
| Philippines | 8.6 | 30.8 | 0.3 | 285 | 221.2% |
| Australia | 0.4 | 10.8 | 7.7 | 48.8 | 396.0% |
| Thailand | 218 | 64.0 | 101 | 11.5 | -62.5% |
| Senegal | 754 | 710 | 320 | N/A | -34.9% |
| Iran | 1,459 | 1,279 | 1,662 | N/A | 6.7% |
| Others | 936 | 865 | 1,155 | 800 | -5.1% |
| Total | 4,165 | 3,400 | 4,550 | 6,389 | 15.3% |
Top Export Markets for Floating Structures; Tanks, Coffer-Dams, Landing Stages, Buoys and Beacons from South Korea in 2022:
- Taiwan (Chinese) (1536.0 units)
- Vietnam (1439.0 units)
- Japan (541.0 units)
- Philippines (418.0 units)
- Australia (400.0 units)
- Indonesia (336.0 units)
- Hong Kong SAR (249.0 units)
- Thailand (20.0 units)
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