Republic of Korea - Industrial Non-Automatic Sewing Machines - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Industrial Sewing Machines (Non-Automatic) in South Korea - 2022
Contents:
- Price for Industrial Sewing Machines (Non-Automatic) in South Korea (FOB) - 2022
- Price for Industrial Sewing Machines (Non-Automatic) in South Korea (CIF) - 2022
- Exports of Industrial Sewing Machines (Non-Automatic) in South Korea
- Imports of Industrial Sewing Machines (Non-Automatic) in South Korea
Price for Industrial Sewing Machines (Non-Automatic) in South Korea (FOB) - 2022
The average industrial sewing machines (non-automatic) export price stood at $2,286 per unit in 2022, shrinking by -29.7% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 35%. As a result, the export price attained the peak level of $3,253 per unit, and then shrank notably in the following year.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Vietnam ($2,581 per unit), while the average price for exports to Mexico ($404 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 Pakistan (+20.9%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Industrial Sewing Machines (Non-Automatic) in South Korea (CIF) - 2022
In December 2022, the average industrial sewing machines (non-automatic) import price amounted to $801 per unit, dropping by -26.4% against the previous month. In general, the import price, however, saw a slight increase. The pace of growth was the most pronounced in February 2022 an increase of 56% month-to-month. The import price peaked at $1,088 per unit in November 2022, and then shrank notably in the following month.
There were significant differences in the average prices amongst the major supplying countries. In December 2022, the country with the highest price was Japan ($1,223 per unit), while the price for Thailand ($338 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 Thailand (+14.9%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Industrial Sewing Machines (Non-Automatic) in South Korea
In 2022, the amount of industrial sewing machines (non-automatic) exported from South Korea contracted to 4.9K units, approximately mirroring 2021 figures. In general, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 19% against the previous year. Over the period under review, the exports hit record highs at 5K units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, industrial sewing machines (non-automatic) exports fell sharply to $11M in 2022. Overall, exports saw a abrupt decline. The pace of growth was the most pronounced in 2021 with an increase of 61% against the previous year. As a result, the exports reached the peak of $16M, and then shrank significantly in the following year.
Export of Industrial Sewing Machines (Non-Automatic) in South Korea (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Indonesia | 3.7 | 2.9 | 8.5 | 4.8 | 9.1% |
Vietnam | 6.3 | 3.7 | 3.1 | 2.0 | -31.8% |
Bangladesh | 0.5 | 0.2 | 0.7 | 1.3 | 37.5% |
Pakistan | 0.5 | 0.7 | 1.4 | 1.1 | 30.1% |
Nigeria | 0.3 | 0.3 | 0.3 | 0.5 | 18.6% |
Myanmar | 0.7 | 0.2 | 0.3 | 0.3 | -24.6% |
Mexico | N/A | N/A | N/A | 0.2 | 0% |
India | 0.1 | 0.1 | N/A | 0.2 | 26.0% |
Others | 2.3 | 2.0 | 1.7 | 0.8 | -29.7% |
Total | 14.5 | 10.0 | 16.2 | 11.3 | -8.0% |
Top Export Markets for Industrial Sewing Machines (Non-Automatic) from South Korea in 2022:
- Indonesia (1852.0 units)
- Vietnam (792.0 units)
- Bangladesh (515.0 units)
- Mexico (448.0 units)
- Pakistan (430.0 units)
- Nigeria (205.0 units)
- India (177.0 units)
- Myanmar (134.0 units)
Imports of Industrial Sewing Machines (Non-Automatic) in South Korea
In 2022, supplies from abroad of industrial sewing machines (non-automatic) decreased by -51.2% to 14K units for the first time since 2018, thus ending a three-year rising trend. In general, imports continue to indicate a deep setback. The most prominent rate of growth was recorded in 2021 when imports increased by 18%. As a result, imports attained the peak of 30K units, and then fell notably in the following year.
In value terms, industrial sewing machines (non-automatic) imports reduced to $9.7M in 2022. Overall, imports recorded a pronounced decrease. The pace of growth appeared the most rapid in 2021 with an increase of 24% against the previous year. As a result, imports attained the peak of $11M, and then declined in the following year.
Import of Industrial Sewing Machines (Non-Automatic) in South Korea (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 7.1 | 6.0 | 7.9 | 7.4 | 1.4% |
Japan | 1.5 | 1.2 | 1.6 | 1.5 | 0.0% |
Taiwan (Chinese) | 0.2 | 0.1 | 0.5 | 0.2 | 0.0% |
United States | 0.5 | 0.3 | 0.3 | 0.2 | -26.3% |
Hong Kong SAR | 0.2 | N/A | N/A | N/A | 0% |
Others | 1.0 | 1.2 | 0.7 | 0.3 | -33.1% |
Total | 10.5 | 8.9 | 11.1 | 9.7 | -2.6% |
Top Suppliers of Industrial Sewing Machines (Non-Automatic) to South Korea in 2022:
- Japan (10.1K units)
- China (1.7K units)
- Taiwan (Chinese) (1.3K units)
- United States (0.8K units)
- Hong Kong SAR (0.2K units)
This report provides an in-depth analysis of the market for industrial sewing machines (non-automatic) 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 28942450 - Industrial sewing machines (excluding book-sewing machines, automatic machines)
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
This report provides an in-depth analysis of the market for industrial sewing machines (non-automatic) in Republic of Korea.
This report provides an in-depth analysis of the industrial sewing machine market in Republic of Korea.
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In 2016, the global sewing machine imports totaled X tons, ascending by X% against the previous year figure. In general, sewing machine imports continue to indicate a relatively flat trend patter...
In 2016, the global sewing machine imports totaled X tons, ascending by X% against the previous year figure. In general, sewing machine imports continue to indicate a relatively flat trend patter...
The global household sewing machine market showed steady growth until it contracted slightly from 2015-2016, finally amounting to X units in 2016.
China dominates in global household sewing machine production and trade. In 2013, China exported X% of its total output. Of this amount, X% was supplied to the United States, where Chinese household sewing machines held X% share of total U.S.
In 2016, the global sewing machine imports totaled X tons, ascending by X% against the previous year figure. In general, sewing machine imports continue to indicate a relatively flat trend patter...
In 2016, the global sewing machine imports totaled X tons, ascending by X% against the previous year figure. In general, sewing machine imports continue to indicate a relatively flat trend patter...
The global household sewing machine market showed steady growth until it contracted slightly from 2015-2016, finally amounting to X units in 2016.
China dominates in global household sewing machine production and trade. In 2013, China exported X% of its total output. Of this amount, X% was supplied to the United States, where Chinese household sewing machines held X% share of total U.S.