Republic of Korea - Electronic Instruments And Machines For Measuring Geometrical Quantities - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Geometrical Quantities Electronic Measurer in South Korea - 2022
Contents:
- Price for Geometrical Quantities Electronic Measurer in South Korea (CIF) - 2022
- Price for Geometrical Quantities Electronic Measurer in South Korea (FOB) - 2022
- Imports of Geometrical Quantities Electronic Measurer in South Korea
- Exports of Geometrical Quantities Electronic Measurer in South Korea
Price for Geometrical Quantities Electronic Measurer in South Korea (CIF) - 2022
The average geometrical quantities electronic measurer import price stood at $37.1 per unit in December 2022, picking up by 5.7% against the previous month. In general, the import price, however, showed a pronounced contraction. The most prominent rate of growth was recorded in August 2022 an increase of 46% against the previous month. The import price peaked at $53.7 per unit in April 2022; however, from May 2022 to December 2022, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In December 2022, the country with the highest price was the United States ($117 per unit), while the price for Germany ($14.4 per unit) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by the United States (+3.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Geometrical Quantities Electronic Measurer in South Korea (FOB) - 2022
In 2022, the average geometrical quantities electronic measurer export price amounted to $29 per unit, dropping by -4.7% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of 12% against the previous year. Over the period under review, the average export prices hit record highs at $31 per unit in 2021, and then reduced in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Poland ($51 per unit), while the average price for exports to Russia ($8.1 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 Mexico (+11.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Geometrical Quantities Electronic Measurer in South Korea
After three years of growth, overseas purchases of electronic instruments and machines for measuring geometrical quantities decreased by -11.1% to 21M units in 2022. The total import volume increased at an average annual rate of +2.3% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The pace of growth was the most pronounced in 2020 with an increase of 13% against the previous year. Over the period under review, imports hit record highs at 23M units in 2021, and then dropped in the following year.
In value terms, geometrical quantities electronic measurer imports fell to $998M in 2022. The total import value increased at an average annual rate of +1.3% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 22% against the previous year. As a result, imports attained the peak of $1.1B, and then contracted in the following year.
| Import of Geometrical Quantities Electronic Measurer in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 155 | 170 | 206 | 217 | 11.9% |
| Japan | 132 | 102 | 110 | 138 | 1.5% |
| Germany | 161 | 132 | 143 | 125 | -8.1% |
| United States | 113 | 103 | 120 | 110 | -0.9% |
| Vietnam | 48.3 | 48.3 | 70.8 | 93.5 | 24.6% |
| Italy | 19.0 | 13.0 | 12.5 | 14.1 | -9.5% |
| Thailand | 10.0 | 4.7 | 4.9 | 8.6 | -4.9% |
| India | 3.4 | 2.6 | 3.6 | 3.8 | 3.8% |
| Others | 318 | 325 | 426 | 289 | -3.1% |
| Total | 959 | 901 | 1,096 | 998 | 1.3% |
Top Suppliers of Geometrical Quantities Electronic Measurer to South Korea in 2022:
- China (7.5M units)
- Vietnam (3.3M units)
- Japan (3.1M units)
- Germany (2.3M units)
- United States (0.8M units)
- Italy (0.5M units)
- India (0.3M units)
- Thailand (0.3M units)
Exports of Geometrical Quantities Electronic Measurer in South Korea
In 2022, geometrical quantities electronic measurer exports from South Korea shrank slightly to 34M units, stabilizing at 2021 figures. Overall, exports showed a deep setback. The pace of growth appeared the most rapid in 2021 when exports increased by 1.7% against the previous year. The exports peaked at 40M units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, geometrical quantities electronic measurer exports dropped to $987M in 2022. Over the period under review, exports saw a drastic downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 12% against the previous year. The exports peaked at $1.2B in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
| Export of Geometrical Quantities Electronic Measurer in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 227 | 162 | 277 | 234 | 1.0% |
| China | 420 | 283 | 235 | 201 | -21.8% |
| United States | 89.1 | 93.0 | 98.6 | 92.2 | 1.1% |
| India | 89.8 | 61.1 | 50.4 | 71.8 | -7.2% |
| Poland | 41.7 | 52.0 | 24.2 | 63.2 | 14.9% |
| Mexico | 22.9 | 26.3 | 36.7 | 56.9 | 35.4% |
| Japan | 36.7 | 28.3 | 35.7 | 47.0 | 8.6% |
| Germany | 13.9 | 9.5 | 10.0 | 23.6 | 19.3% |
| Indonesia | 7.3 | 11.5 | 25.8 | 21.8 | 44.0% |
| Slovakia | 9.1 | 10.3 | 11.8 | 9.9 | 2.8% |
| Brazil | 11.3 | 5.9 | 11.1 | 9.5 | -5.6% |
| Czech Republic | 17.5 | 30.3 | 19.0 | 9.3 | -19.0% |
| Russia | 8.5 | 13.1 | 8.0 | 8.6 | 0.4% |
| Others | 179 | 143 | 202 | 139 | -8.1% |
| Total | 1,173 | 930 | 1,045 | 987 | -5.6% |
Top Export Markets for Geometrical Quantities Electronic Measurer from South Korea in 2022:
- United States (6.9M units)
- China (6.3M units)
- Vietnam (4.8M units)
- India (3.2M units)
- Mexico (1.3M units)
- Poland (1.2M units)
- Russia (1.1M units)
- Indonesia (1.0M units)
- Japan (1.0M units)
- Slovakia (0.7M units)
- Brazil (0.6M units)
- Czech Republic (0.6M units)
- Germany (0.5M units)
This report provides an in-depth analysis of the market for geometrical quantities electronic measurer 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 26516650 - Electronic instruments, appliances and machines for measuring or checking geometrical quantities (including comparators, coordinate measuring machines (CMMs))
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
-
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
-
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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