Republic of Korea - Cooling Towers, Vacuum-Vapour Plants, And Other Machinery for Material Treatment by Heating or Cooling Process - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPrice for Machinery for Material Treatment by Heating or Cooling Process in South Korea - 2022
Contents:
- Price for Machinery for Material Treatment by Heating or Cooling Process in South Korea (FOB) - 2022
- Price for Machinery for Material Treatment by Heating or Cooling Process in South Korea (CIF) - 2022
- Exports of Machinery for Material Treatment by Heating or Cooling Process in South Korea
- Imports of Machinery for Material Treatment by Heating or Cooling Process in South Korea
Price for Machinery for Material Treatment by Heating or Cooling Process in South Korea (FOB) - 2022
In 2022, the average export price for cooling towers, vacuum-vapour plants, and other machinery for material treatment by heating or cooling process amounted to $4,019 per unit, reducing by -16.6% against the previous year. Overall, export price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for cooling towers, vacuum-vapour plants, and other machinery for material treatment by heating or cooling process decreased by -4.5% against 2018 indices. The growth pace was the most rapid in 2021 when the average export price increased by 37% against the previous year. As a result, the export price reached the peak level of $4,818 per unit, and then dropped dramatically in the following year.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($12,656 per unit), while the average price for exports to Saudi Arabia ($1,775 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 China (+12.4%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Machinery for Material Treatment by Heating or Cooling Process in South Korea (CIF) - 2022
The average import price for cooling towers, vacuum-vapour plants, and other machinery for material treatment by heating or cooling process stood at $10,716 per unit in 2022, waning by -4.9% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +4.0%. The pace of growth appeared the most rapid in 2020 an increase of 50%. Over the period under review, average import prices reached the maximum at $11,271 per unit in 2021, and then contracted in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($37,799 per unit), while the price for China ($4,859 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Denmark (+16.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Machinery for Material Treatment by Heating or Cooling Process in South Korea
After two years of decline, overseas shipments of cooling towers, vacuum-vapour plants, and other machinery for material treatment by heating or cooling process increased by 17% to 151K units in 2022. Overall, exports, however, recorded a abrupt shrinkage. The exports peaked at 191K units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, exports of cooling towers, vacuum-vapour plants, and other machinery for material treatment by heating or cooling process dropped slightly to $608M in 2022. Over the period under review, exports, however, continue to indicate a mild decline. The most prominent rate of growth was recorded in 2020 with an increase of 3.7% against the previous year. As a result, the exports attained the peak of $653M. From 2021 to 2022, the growth of the exports of remained at a lower figure.
| Export of Machinery for Material Treatment by Heating or Cooling Process in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 183 | 178 | 274 | 131 | -10.5% |
| Mexico | 1.6 | 2.8 | 22.0 | 104 | 302.1% |
| United States | 89.1 | 92.6 | 68.5 | 56.5 | -14.1% |
| Japan | 40.8 | 34.9 | 37.3 | 49.5 | 6.7% |
| Saudi Arabia | 31.4 | 24.8 | 1.3 | 47.9 | 15.1% |
| Taiwan (Chinese) | 13.4 | 19.2 | 20.1 | 41.1 | 45.3% |
| Russia | 34.4 | 14.2 | 47.4 | 24.2 | -11.1% |
| Indonesia | 16.9 | 24.5 | 19.5 | 22.8 | 10.5% |
| Vietnam | 45.8 | 66.4 | 23.6 | 19.9 | -24.3% |
| Poland | 7.6 | 12.9 | 19.6 | 12.6 | 18.4% |
| United Arab Emirates | 6.8 | 51.2 | 1.9 | 11.8 | 20.2% |
| Thailand | 39.3 | 11.0 | 8.0 | 7.9 | -41.4% |
| Egypt | 1.8 | 0.3 | 0.2 | 6.6 | 54.2% |
| Others | 118 | 120 | 81.2 | 72.2 | -15.1% |
| Total | 630 | 653 | 625 | 608 | -1.2% |
Top Export Markets for Machinery for Material Treatment by Heating or Cooling Process from South Korea in 2022:
- Mexico (32.5K units)
- Saudi Arabia (27.0K units)
- United States (20.2K units)
- China (11.8K units)
- Russia (10.0K units)
- Indonesia (7.7K units)
- Japan (5.9K units)
- United Arab Emirates (5.2K units)
- Poland (3.6K units)
- Egypt (3.5K units)
- Taiwan (Chinese) (3.3K units)
- Vietnam (2.8K units)
- Thailand (2.4K units)
Imports of Machinery for Material Treatment by Heating or Cooling Process in South Korea
In 2022, supplies from abroad of cooling towers, vacuum-vapour plants, and other machinery for material treatment by heating or cooling process was finally on the rise to reach 42K units for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, continue to indicate a abrupt contraction. Imports peaked at 53K units in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, imports of cooling towers, vacuum-vapour plants, and other machinery for material treatment by heating or cooling process rose significantly to $446M in 2022. The total import value increased at an average annual rate of +7.9% from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by 24%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Machinery for Material Treatment by Heating or Cooling Process in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 66.8 | 70.0 | 80.2 | 95.3 | 12.6% |
| Japan | 65.0 | 71.9 | 53.2 | 68.0 | 1.5% |
| Germany | 43.8 | 41.8 | 46.9 | 52.9 | 6.5% |
| United States | 37.1 | 42.7 | 55.0 | 51.7 | 11.7% |
| Austria | 0.6 | 5.4 | 7.6 | 29.4 | 265.9% |
| Italy | 46.8 | 8.4 | 7.1 | 19.0 | -26.0% |
| Indonesia | 5.7 | 6.2 | 9.1 | 12.1 | 28.5% |
| Others | 88.9 | 194 | 151 | 118 | 9.9% |
| Total | 355 | 441 | 410 | 446 | 7.9% |
Top Suppliers of Machinery for Material Treatment by Heating or Cooling Process to South Korea in 2022:
- China (19.6K units)
- Japan (7.5K units)
- Germany (2.8K units)
- Indonesia (2.2K units)
- Austria (2.1K units)
- Italy (1.5K units)
- United States (1.4K units)
This report provides an in-depth analysis of the market for machinery for material treatment by heating or cooling process 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 28296030 - Cooling towers and similar plant for direct cooling by means of recirculated water
- Prodcom 28296050 - Vacuum-vapour plant for the deposition of metal
- Prodcom 28296090 - Machinery, plant or laboratory equipment, whether or not electrically heated, for the treatment of materials by a process involving a change of temperature, n.e.c.
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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