Republic of Korea - Lifts, Elevators, Moving Stairways and Draglines - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Lift, Elevator, Stairway and Dragline in South Korea - 2022
Contents:
- Price for Lift, Elevator, Stairway and Dragline in South Korea (FOB) - 2022
- Price for Lift, Elevator, Stairway and Dragline in South Korea (CIF) - 2022
- Exports of Lift, Elevator, Stairway and Dragline in South Korea
- Imports of Lift, Elevator, Stairway and Dragline in South Korea
Price for Lift, Elevator, Stairway and Dragline in South Korea (FOB) - 2022
The average export price for lifts, elevators, moving stairways and draglines stood at $17,051 per unit in December 2022, approximately reflecting the previous month. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in March 2022 an increase of 2.7% month-to-month. The export price peaked at $17,221 per unit in October 2022; afterwards, it flattened through to December 2022.
Average prices varied noticeably for the major foreign markets. In December 2022, the countries with the highest prices were Thailand ($17,226 per unit) and Bangladesh ($17,226 per unit), while the average price for exports to India ($15,957 per unit) and Vietnam ($16,106 per unit) were amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+1.7%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Lift, Elevator, Stairway and Dragline in South Korea (CIF) - 2022
In 2022, the average import price for lifts, elevators, moving stairways and draglines amounted to $30,713 per unit, declining by -4.1% against the previous year. Overall, the import price recorded a pronounced decline. The pace of growth was the most pronounced in 2020 an increase of 6.8% against the previous year. The import price peaked at $44,020 per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($35,086 per unit), while the price for the Netherlands ($17,931 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (-1.6%), while the prices for the other major suppliers experienced a decline.
Exports of Lift, Elevator, Stairway and Dragline in South Korea
In 2022, exports of lifts, elevators, moving stairways and draglines from South Korea reduced to 7.3K units, with a decrease of -7.3% on 2021. In general, exports showed a perceptible slump. The most prominent rate of growth was recorded in 2021 with an increase of 23% against the previous year. The exports peaked at 7.9K units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, lift, elevator, stairway and dragline exports reduced modestly to $122M in 2022. Over the period under review, exports continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2021 when exports increased by 22% against the previous year. Over the period under review, the exports reached the maximum at $145M in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
Export of Lift, Elevator, Stairway and Dragline in South Korea (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Bangladesh | 15.4 | 11.0 | 15.0 | 15.8 | 0.9% |
India | 6.0 | 2.3 | 4.0 | 13.8 | 32.0% |
United States | 4.6 | 2.4 | 8.0 | 11.0 | 33.7% |
Philippines | 11.9 | 11.0 | 1.9 | 9.7 | -6.6% |
Vietnam | 27.3 | 11.9 | 17.3 | 7.8 | -34.1% |
Indonesia | 5.1 | 8.7 | 6.7 | 6.8 | 10.1% |
Thailand | 7.7 | 0.7 | 14.3 | 5.4 | -11.2% |
Hungary | 0.2 | 1.5 | 1.0 | 5.2 | 196.2% |
Germany | 0.2 | N/A | N/A | 4.9 | 190.4% |
Egypt | 2.6 | 1.7 | 3.9 | 3.3 | 8.3% |
Japan | 3.2 | 3.2 | 2.5 | 3.0 | -2.1% |
Australia | 2.7 | 2.3 | 2.8 | 2.8 | 1.2% |
Saudi Arabia | 2.6 | 1.7 | 1.9 | 2.7 | 1.3% |
Others | 56.0 | 45.4 | 47.4 | 30.3 | -18.5% |
Total | 145 | 104 | 127 | 122 | -5.6% |
Top Export Markets for Lift, Elevator, Stairway and Dragline from South Korea in 2022:
- Bangladesh (919.0 units)
- India (874.0 units)
- United States (647.0 units)
- Philippines (562.0 units)
- Vietnam (457.0 units)
- Indonesia (424.0 units)
- Thailand (314.0 units)
- Hungary (300.0 units)
- Germany (286.0 units)
- Egypt (194.0 units)
- Japan (174.0 units)
- Australia (164.0 units)
- Saudi Arabia (157.0 units)
Imports of Lift, Elevator, Stairway and Dragline in South Korea
In 2022, lift, elevator, stairway and dragline imports into South Korea dropped significantly to 2.8K units, reducing by -16.9% on 2021 figures. In general, imports continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 12%. As a result, imports attained the peak of 3.4K units, and then dropped notably in the following year.
In value terms, lift, elevator, stairway and dragline imports fell markedly to $87M in 2022. Overall, imports showed a deep slump. The smallest decline of -1.2% was in 2020. Imports peaked at $112M in 2019; however, from 2020 to 2022, imports remained at a lower figure.
Import of Lift, Elevator, Stairway and Dragline in South Korea (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 65.4 | 60.2 | 67.2 | 65.0 | -0.2% |
Japan | 8.2 | 8.1 | 4.4 | 5.4 | -13.0% |
Germany | 10.4 | 7.6 | 9.4 | 4.5 | -24.4% |
United States | 3.4 | 1.8 | 1.1 | 4.0 | 5.6% |
Canada | 0.3 | 1.0 | 0.1 | 1.7 | 78.3% |
Singapore | 0.8 | 2.6 | 0.3 | 1.3 | 17.6% |
Israel | N/A | 1.5 | 1.4 | 0.9 | -22.5% |
Others | 23.5 | 28.0 | 25.2 | 4.1 | -44.1% |
Total | 112 | 111 | 109 | 86.9 | -8.1% |
Top Suppliers of Lift, Elevator, Stairway and Dragline to South Korea in 2022:
- China (1852.0 units)
- Japan (286.0 units)
- Germany (198.0 units)
- United States (150.0 units)
- Canada (91.0 units)
- Singapore (64.0 units)
- Israel (43.0 units)
This report provides an in-depth analysis of the market for lift, elevator, stairway and dragline 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 28221630 - Electrically operated lifts and skip hoists
- Prodcom 28221650 - Lifts and skip hoists (excluding electrically operated)
- Prodcom 28221670 - Escalators and moving walkways
- Prodcom 28221740 - Pneumatic elevators and conveyors
- Prodcom 28221820 - Teleferics, chair-lifts, ski-draglines and traction mechanisms for funiculars
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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