Price for Machinery; Parts of Machinery for Making or Finishing Paper or Paperboard in South Korea - 2022

Contents:

1. Price for Machinery; Parts of Machinery for Making or Finishing Paper or Paperboard in South Korea (CIF) - 2022
2. Price for Machinery; Parts of Machinery for Making or Finishing Paper or Paperboard in South Korea (FOB) - 2022
3. Imports of Machinery; Parts of Machinery for Making or Finishing Paper or Paperboard in South Korea
4. Exports of Machinery; Parts of Machinery for Making or Finishing Paper or Paperboard in South Korea

Price for Machinery; Parts of Machinery for Making or Finishing Paper or Paperboard in South Korea (CIF) - 2022

In 2022, the average import price for machinery; parts of machinery for making or finishing paper or paperboard amounted to $38,800 per ton, falling by -21.7% against the previous year. In general, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 an increase of 21% against the previous year. Over the period under review, average import prices hit record highs at $49,578 per ton in 2021, and then fell notably in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Austria ($94,651 per ton), while the price for China ($15,387 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+21.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Machinery; Parts of Machinery for Making or Finishing Paper or Paperboard in South Korea (FOB) - 2022

In 2022, the average export price for machinery; parts of machinery for making or finishing paper or paperboard amounted to $13,057 per ton, waning by -11.3% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.2%. The pace of growth was the most pronounced in 2018 an increase of 30%. The export price peaked at $14,724 per ton in 2021, and then fell in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Turkey ($30,568 per ton), while the average price for exports to Thailand ($8,441 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+11.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machinery; Parts of Machinery for Making or Finishing Paper or Paperboard in South Korea

In 2022, approx. 829 tons of machinery; parts of machinery for making or finishing paper or paperboard were imported into South Korea; with an increase of 16% against the previous year's figure. The total import volume increased at an average annual rate of +5.8% over the period 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 2021 when imports increased by 22%. Over the period under review, imports of reached the maximum in 2022 and are likely to continue growth in years to come.

In value terms, imports of machinery; parts of machinery for making or finishing paper or paperboard fell to $32M in 2022. Over the period under review, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +10.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +33.2% against 2019 indices. The pace of growth was the most pronounced in 2021 when imports increased by 46% against the previous year. As a result, imports reached the peak of $36M, and then shrank in the following year.

Top Suppliers of Machinery; Parts of Machinery for Making or Finishing Paper or Paperboard to South Korea in 2022:

1. Germany (199.0 tons)
2. Japan (189.0 tons)
3. China (155.6 tons)
4. Finland (131.6 tons)
5. United States (31.6 tons)
6. Italy (31.1 tons)
7. Austria (28.4 tons)

Exports of Machinery; Parts of Machinery for Making or Finishing Paper or Paperboard in South Korea

After two years of decline, overseas shipments of machinery; parts of machinery for making or finishing paper or paperboard increased by 36% to 1.5K tons in 2022. Overall, exports, however, showed a drastic downturn.

In value terms, exports of machinery; parts of machinery for making or finishing paper or paperboard surged to $19M in 2022. Over the period under review, exports, however, continue to indicate a deep downturn.

Top Export Markets for Machinery; Parts of Machinery for Making or Finishing Paper or Paperboard from South Korea in 2022:

1. Japan (497.7 tons)
2. United States (310.6 tons)
3. Thailand (166.2 tons)
4. Indonesia (135.1 tons)
5. Italy (54.8 tons)
6. Turkey (45.4 tons)
7. China (38.2 tons)
8. Taiwan (Chinese) (36.9 tons)
9. Hungary (31.0 tons)
10. South Africa (26.6 tons)
11. Vietnam (9.9 tons)
12. Philippines (7.8 tons)

Source: IndexBox Market Intelligence Platform