Price for Liquid Elevators; Parts Thereof in South Korea - 2022

Contents:

1. Price for Liquid Elevators; Parts Thereof in South Korea (FOB) - 2022
2. Price for Liquid Elevators; Parts Thereof in South Korea (CIF) - 2022
3. Exports of Liquid Elevators; Parts Thereof in South Korea
4. Imports of Liquid Elevators; Parts Thereof in South Korea

Price for Liquid Elevators; Parts Thereof in South Korea (FOB) - 2022

The average liquid elevators; parts thereof export price stood at $31,988 per ton in December 2022, with an increase of 25% against the previous month. Over the period under review, the export price, however, saw a abrupt setback. The pace of growth was the most pronounced in October 2022 when the average export price increased by 212% m-o-m. The export price peaked at $107K per ton in August 2022; however, from September 2022 to December 2022, the export prices failed to regain momentum.

Average prices varied somewhat for the major overseas markets. In December 2022, the country with the highest price was Saudi Arabia ($32,108 per ton), while the average price for exports to the United States ($25,166 per ton) was amongst the lowest.

From December 2021 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+0.2%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Liquid Elevators; Parts Thereof in South Korea (CIF) - 2022

The average liquid elevators; parts thereof import price stood at $17,620 per ton in 2022, with a decrease of -10.4% against the previous year. In general, the import price saw a abrupt decline. The growth pace was the most rapid in 2018 an increase of 213%. Over the period under review, average import prices attained the peak figure at $37,379 per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($76,098 per ton), while the price for Spain ($6,379 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+3.1%), while the prices for the other major suppliers experienced a decline.

Exports of Liquid Elevators; Parts Thereof in South Korea

In 2022, the amount of liquid elevators; parts thereoves exported from South Korea shrank sharply to 33 tons, falling by -70.6% on the previous year. In general, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 378%. As a result, the exports attained the peak of 112 tons, and then reduced markedly in the following year.

In value terms, liquid elevators; parts thereof exports dropped notably to $1.4M in 2022. Over the period under review, exports, however, posted a buoyant increase. The pace of growth appeared the most rapid in 2021 when exports increased by 240%. As a result, the exports reached the peak of $2.2M, and then reduced notably in the following year.

Top Export Markets for Liquid Elevators; Parts Thereof from South Korea in 2022:

1. Egypt (5.3 tons)
2. Portugal (4.0 tons)
3. Netherlands (3.6 tons)
4. Iceland (3.4 tons)
5. Uzbekistan (1.8 tons)
6. United Kingdom (1.6 tons)
7. Azerbaijan (1.3 tons)
8. Jordan (0.4 tons)

Imports of Liquid Elevators; Parts Thereof in South Korea

Liquid elevators; parts thereof imports into South Korea skyrocketed to 45 tons in 2022, rising by 33% on 2021 figures. In general, total imports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +18.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -5.7% against 2020 indices. The pace of growth was the most pronounced in 2020 when imports increased by 76% against the previous year. As a result, imports attained the peak of 47 tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, liquid elevators; parts thereof imports surged to $787K in 2022. The total import value increased at an average annual rate of +1.5% 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 2020 with an increase of 21%. As a result, imports reached the peak of $914K. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Top Suppliers of Liquid Elevators; Parts Thereof to South Korea in 2022:

1. Australia (undefined tons)
2. United Kingdom (undefined tons)
3. Netherlands (20.3 tons)
4. United States (1.4 tons)
5. Italy (0.8 tons)
6. Spain (0.6 tons)

Source: IndexBox Market Intelligence Platform