Price for Milking Machines and Dairy Machinery in South Korea - 2022
Contents:
- Price for Milking Machines and Dairy Machinery in South Korea (CIF) - 2022
- Price for Milking Machines and Dairy Machinery in South Korea (FOB) - 2022
- Imports of Milking Machines and Dairy Machinery in South Korea
- Exports of Milking Machines and Dairy Machinery in South Korea
Price for Milking Machines and Dairy Machinery in South Korea (CIF) - 2022
The average import price for milking machines and dairy machineries stood at $6,884 per unit in 2022, with an increase of 1.6% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.0%. The pace of growth was the most pronounced in 2013 an increase of 29%. The import price peaked at $7,965 per unit in 2014; however, from 2015 to 2022, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Denmark ($11,420 per unit), while the price for China ($2,678 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 (+6.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Milking Machines and Dairy Machinery in South Korea (FOB) - 2022
The average export price for milking machines and dairy machineries stood at $3,124 per unit in 2022, declining by -2.5% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 an increase of 97%. As a result, the export price reached the peak level of $5,284 per unit. From 2015 to 2022, the average export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($3,420 per unit), while the average price for exports to China ($574 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 Thailand (+13.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Milking Machines and Dairy Machinery in South Korea
In 2022, after two years of decline, there was significant growth in purchases abroad of milking machines and dairy machineries, when their volume increased by 8.6% to 1.7K units. In general, imports, however, continue to indicate a abrupt decline. Imports peaked at 2.7K units in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, milking machines and dairy machinery imports stood at $12M in 2022. Overall, imports, however, recorded a deep setback. Over the period under review, imports attained the maximum at $15M in 2019; however, from 2020 to 2022, imports failed to regain momentum.
| Import of Milking Machines and Dairy Machinery in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | 3.2 | 2.6 | 3.5 | 2.9 | -3.2% |
| Italy | 1.7 | 2.4 | 1.9 | 1.8 | 1.9% |
| United States | 1.1 | 1.9 | 0.8 | 1.2 | 2.9% |
| Netherlands | 1.7 | 0.8 | 1.2 | 1.1 | -13.5% |
| China | 2.1 | 0.6 | 0.9 | 1.0 | -21.9% |
| Denmark | 1.4 | 1.4 | 0.3 | 0.9 | -13.7% |
| Germany | 1.7 | 0.1 | 0.5 | 0.6 | -29.3% |
| United Kingdom | 0.3 | 0.7 | 0.6 | 0.5 | 18.6% |
| Others | 1.8 | 2.2 | 0.8 | 1.5 | -5.9% |
| Total | 14.9 | 12.7 | 10.5 | 11.6 | -8.0% |
Top Suppliers of Milking Machines and Dairy Machinery to South Korea in 2022:
- Sweden (394.0 units)
- China (390.0 units)
- Italy (198.0 units)
- United States (149.0 units)
- Netherlands (123.0 units)
- Germany (95.0 units)
- Denmark (83.0 units)
- United Kingdom (80.0 units)
Exports of Milking Machines and Dairy Machinery in South Korea
In 2022, the amount of milking machines and dairy machineries exported from South Korea contracted slightly to 300 units, with a decrease of -4.2% against the year before. Overall, exports continue to indicate a perceptible slump. The pace of growth was the most pronounced in 2021 with an increase of 12%. The exports peaked at 326 units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, milking machines and dairy machinery exports dropped to $937K in 2022. In general, exports recorded a slight contraction. The pace of growth appeared the most rapid in 2021 when exports increased by 15%. As a result, the exports attained the peak of $1M, and then reduced in the following year.
| Export of Milking Machines and Dairy Machinery in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 590 | 595 | 797 | 844 | 12.7% |
| Japan | 19.5 | 27.6 | 22.2 | 23.9 | 7.0% |
| China | 0.3 | 2.5 | 11.3 | 12.0 | 242.0% |
| Sweden | 210 | 166 | N/A | N/A | -21.0% |
| Ethiopia | N/A | N/A | 76.7 | N/A | 0% |
| Uzbekistan | 11.5 | N/A | N/A | N/A | 0% |
| Indonesia | 46.6 | 11.9 | N/A | N/A | -74.5% |
| Others | 104 | 69.4 | 95.1 | 57.2 | -18.1% |
| Total | 982 | 872 | 1,002 | 937 | -1.6% |
Top Export Markets for Milking Machines and Dairy Machinery from South Korea in 2022:
- United States (267.0 units)
- China (21.0 units)
- Japan (7.0 units)
347
This report provides an in-depth analysis of the milking machine market in Republic of Korea.
425
This report provides an in-depth analysis of the dairy machinery market in Republic of Korea.
1181
This report provides an in-depth analysis of the global milking machine market.
575
This report provides an in-depth analysis of the global dairy machinery market.
347
This report provides an in-depth analysis of the milking machine market in Republic of Korea.
425
This report provides an in-depth analysis of the dairy machinery market in Republic of Korea.
1181
This report provides an in-depth analysis of the global milking machine market.
575
This report provides an in-depth analysis of the global dairy machinery market.
1055
In 2016, the global milking machine imports totaled X tons, standing approx. at the previous year figure. Overall, milking machine imports continue to indicate a relatively flat trend pattern. The...
963
In 2016, the global milking machine imports totaled X tons, standing approx. at the previous year figure. Overall, milking machine imports continue to indicate a relatively flat trend pattern. The...
1777
With more than twenty billion gallons produced in the U.S. alone, milk is a huge world-wide business. It is widely known that cows must be milked twice each day to stay healthy and happy, and, historically, farmers have planned around this routine. How
1055
In 2016, the global milking machine imports totaled X tons, standing approx. at the previous year figure. Overall, milking machine imports continue to indicate a relatively flat trend pattern. The...
963
In 2016, the global milking machine imports totaled X tons, standing approx. at the previous year figure. Overall, milking machine imports continue to indicate a relatively flat trend pattern. The...
1777
With more than twenty billion gallons produced in the U.S. alone, milk is a huge world-wide business. It is widely known that cows must be milked twice each day to stay healthy and happy, and, historically, farmers have planned around this routine. How
