Price for Machinery; Parts of the Machinery of Heading No. 8427 in South Korea - 2022
Contents:
- Price for Machinery; Parts of the Machinery of Heading No. 8427 in South Korea (FOB) - 2022
- Price for Machinery; Parts of the Machinery of Heading No. 8427 in South Korea (CIF) - 2022
- Exports of Machinery; Parts of the Machinery of Heading No. 8427 in South Korea
- Imports of Machinery; Parts of the Machinery of Heading No. 8427 in South Korea
Price for Machinery; Parts of the Machinery of Heading No. 8427 in South Korea (FOB) - 2022
In December 2022, the average export price for machinery; parts of the machinery of heading no. 8427 amounted to $7,906 per ton, declining by -11.7% against the previous month. Over the period from December 2021 to December 2022, it increased at an average monthly rate of +1.4%. The growth pace was the most rapid in February 2022 an increase of 15% against the previous month. The export price peaked at $8,953 per ton in November 2022, and then reduced in the following month.
Prices varied noticeably by the country of destination: the country with the highest price was Vietnam ($10,665 per ton), while the average price for exports to Germany ($4,041 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 Japan (+2.4%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Machinery; Parts of the Machinery of Heading No. 8427 in South Korea (CIF) - 2022
The average import price for machinery; parts of the machinery of heading no. 8427 stood at $1,453 per ton in December 2022, falling by -6.4% against the previous month. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in August 2022 when the average import price increased by 6.9% against the previous month. Over the period under review, average import prices attained the peak figure at $1,731 per ton in March 2022; however, from April 2022 to December 2022, import prices stood at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for China.
From December 2021 to December 2022, the rate of growth in terms of prices for China amounted to -0.7% per month.
Exports of Machinery; Parts of the Machinery of Heading No. 8427 in South Korea
In 2022, approx. 21K tons of machinery; parts of the machinery of heading no. 8427 were exported from South Korea; growing by 11% against the previous year. Over the period under review, exports saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by 24% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
In value terms, exports of machinery; parts of the machinery of heading no. 8427 soared to $159M in 2022. Overall, total exports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +8.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +54.9% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 31% against the previous year. Over the period under review, the exports of machinery; parts of machinery of heading no. 8427 attained the maximum in 2022 and are likely to see steady growth in the immediate term.
| Export of Machinery; Parts of the Machinery of Heading No. 8427 in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 13.7 | 23.9 | 34.6 | 43.9 | 47.4% |
| United States | 40.5 | 24.5 | 38.1 | 41.5 | 0.8% |
| China | 33.2 | 28.3 | 27.5 | 39.5 | 6.0% |
| Belgium | 5.2 | 4.9 | 7.6 | 5.7 | 3.1% |
| Japan | 8.1 | 3.5 | 4.1 | 5.2 | -13.7% |
| Germany | 3.9 | 2.4 | 2.8 | 2.8 | -10.5% |
| Others | 19.0 | 15.4 | 19.5 | 20.8 | 3.1% |
| Total | 124 | 103 | 134 | 159 | 8.6% |
Top Export Markets for Machinery; Parts of the Machinery of Heading No. 8427 from South Korea in 2022:
- United States (8.1K tons)
- China (5.4K tons)
- Vietnam (4.4K tons)
- Japan (0.9K tons)
- Germany (0.4K tons)
- Belgium (0.3K tons)
Imports of Machinery; Parts of the Machinery of Heading No. 8427 in South Korea
In 2022, approx. 111K tons of machinery; parts of the machinery of heading no. 8427 were imported into South Korea; surging by 27% against the previous year's figure. Overall, total imports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +15.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +100.1% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 57% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.
In value terms, imports of machinery; parts of the machinery of heading no. 8427 soared to $156M in 2022. In general, imports saw a buoyant expansion. The growth pace was the most rapid in 2021 when imports increased by 76% against the previous year. Over the period under review, imports of machinery; parts of machinery of heading no. 8427 attained the maximum in 2022 and are expected to retain growth in the immediate term.
| Import of Machinery; Parts of the Machinery of Heading No. 8427 in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 72.0 | 54.6 | 103 | 125 | 20.2% |
| United States | 3.6 | 4.0 | 5.5 | 8.6 | 33.7% |
| Germany | 7.0 | 5.0 | 7.0 | 8.5 | 6.7% |
| Italy | 2.8 | 2.6 | 4.7 | 6.6 | 33.1% |
| Czech Republic | 0.5 | 1.0 | 1.3 | 1.5 | 44.2% |
| Bulgaria | 0.9 | 0.5 | 0.9 | 0.2 | -39.4% |
| Others | 7.3 | 4.8 | 5.5 | 6.2 | -5.3% |
| Total | 94.1 | 72.5 | 128 | 156 | 18.4% |
Top Suppliers of Machinery; Parts of the Machinery of Heading No. 8427 to South Korea in 2022:
- China (66.9K tons)
- Germany (17.7K tons)
- United States (9.1K tons)
- Italy (8.6K tons)
- Czech Republic (2.5K tons)
- Bulgaria (0.7K tons)
278
This report provides an in-depth analysis of the construction equipment blade market in Republic of Korea.
388
This report provides an in-depth analysis of the market for ship derrick buckets and shovels in Republic of Korea.
365
This report provides an in-depth analysis of the colloidal precious metals market in Republic of Korea.
483
This report provides an in-depth analysis of the global construction equipment blade market.
467
This report provides an in-depth analysis of the global market for ship derrick buckets and shovels.
504
This report provides an in-depth analysis of the global colloidal precious metals market.
278
This report provides an in-depth analysis of the construction equipment blade market in Republic of Korea.
388
This report provides an in-depth analysis of the market for ship derrick buckets and shovels in Republic of Korea.
483
This report provides an in-depth analysis of the global construction equipment blade market.
467
This report provides an in-depth analysis of the global market for ship derrick buckets and shovels.
288
Explore the top import markets for colloidal precious metals across the world, including India, Mexico, Germany, and more. Learn about the import values, key statistics, and market trends. Dive into the market intelligence provided by IndexBox for informed decision-making.
1886
In value terms, colloidal precious metals imports stood at $X in 2016. In general, colloidal precious metals imports continue to indicate a pronounced decrease. Over the period under review, global...
1431
In value terms, colloidal precious metals exports amounted to $X in 2016. In general, colloidal precious metals exports continue to indicate a significant slump. Global colloidal precious metals ex...
