Price for Printing Machinery; Offset, (Excluding Reel or Sheet Fed) in South Korea - 2022
Contents:
- Price for Printing Machinery; Offset, (Excluding Reel or Sheet Fed) in South Korea (CIF) - 2022
- Price for Printing Machinery; Offset, (Excluding Reel or Sheet Fed) in South Korea (FOB) - 2022
- Imports of Printing Machinery; Offset, (Excluding Reel or Sheet Fed) in South Korea
- Exports of Printing Machinery; Offset, (Excluding Reel or Sheet Fed) in South Korea
Price for Printing Machinery; Offset, (Excluding Reel or Sheet Fed) in South Korea (CIF) - 2022
In 2022, the average import price for printing machinery; offset, (excluding reel or sheet fed)s amounted to $5,354 per unit, jumping by 32% against the previous year. In general, import price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for printing machinery; offset, (excluding reel or sheet fed)s increased by +83.5% against 2019 indices. The pace of growth was the most pronounced in 2021 an increase of 38% against the previous year. The import price peaked in 2022 and is expected to retain growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($44,115 per unit), while the price for India ($3,983 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+18.4%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Printing Machinery; Offset, (Excluding Reel or Sheet Fed) in South Korea (FOB) - 2022
In 2022, the average export price for printing machinery; offset, (excluding reel or sheet fed)s amounted to $8,914 per unit, with an increase of 28% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when the average export price increased by 55%. Over the period under review, the average export prices hit record highs at $11,263 per unit in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($81,225 per unit), while the average price for exports to Canada ($323 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 Israel (+6.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Printing Machinery; Offset, (Excluding Reel or Sheet Fed) in South Korea
In 2022, purchases abroad of printing machinery; offset, (excluding reel or sheet fed)s decreased by -47.3% to 6.8K units, falling for the second year in a row after two years of growth. In general, imports continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2020 when imports increased by 21%. As a result, imports reached the peak of 14K units. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of printing machinery; offset, (excluding reel or sheet fed)s reduced rapidly to $36M in 2022. Overall, total imports indicated a moderate increase from 2019 to 2022: its value increased at an average annual rate of +2.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 29%. As a result, imports attained the peak of $52M, and then declined significantly in the following year.
| Import of Printing Machinery; Offset, (Excluding Reel or Sheet Fed) in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 8.6 | 8.7 | 14.5 | 12.3 | 12.7% |
| Japan | 8.0 | 9.0 | 11.6 | 9.9 | 7.4% |
| Italy | 5.0 | 3.5 | 4.3 | 7.5 | 14.5% |
| Taiwan (Chinese) | 1.5 | 0.9 | 0.5 | 2.9 | 24.6% |
| Spain | 0.7 | 0.6 | 1.1 | 0.8 | 4.6% |
| India | 0.6 | N/A | 0.1 | 0.7 | 5.3% |
| Austria | 1.2 | 0.6 | 0.2 | 0.6 | -20.6% |
| Singapore | 0.1 | 0.5 | 0.9 | N/A | 200.0% |
| Israel | 3.4 | 2.3 | 3.7 | N/A | 4.3% |
| Others | 4.5 | 14.6 | 15.4 | 1.8 | -26.3% |
| Total | 33.5 | 40.7 | 52.3 | 36.4 | 2.8% |
Top Suppliers of Printing Machinery; Offset, (Excluding Reel or Sheet Fed) to South Korea in 2022:
- China (2727.0 units)
- Japan (2424.0 units)
- Taiwan (Chinese) (705.0 units)
- Spain (208.0 units)
- India (184.0 units)
- Italy (171.0 units)
- Austria (145.0 units)
Exports of Printing Machinery; Offset, (Excluding Reel or Sheet Fed) in South Korea
In 2022, exports of printing machinery; offset, (excluding reel or sheet fed)s from South Korea fell sharply to 3.3K units, with a decrease of -50.8% on the previous year's figure. Overall, exports continue to indicate a abrupt shrinkage. The growth pace was the most rapid in 2021 with an increase of 58% against the previous year. As a result, the exports attained the peak of 6.8K units, and then shrank significantly in the following year.
In value terms, exports of printing machinery; offset, (excluding reel or sheet fed)s contracted markedly to $30M in 2022. In general, exports faced a abrupt downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 62%. Over the period under review, the exports of reached the peak figure at $54M in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
| Export of Printing Machinery; Offset, (Excluding Reel or Sheet Fed) in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 23.4 | 6.4 | 12.3 | 7.6 | -31.3% |
| Vietnam | 7.3 | 6.7 | 8.5 | 3.6 | -21.0% |
| Bangladesh | 4.8 | 0.2 | 4.1 | 3.5 | -10.0% |
| United States | 3.2 | 4.4 | 5.3 | 3.4 | 2.0% |
| Mexico | 0.4 | 0.3 | 0.4 | 1.6 | 58.7% |
| Italy | 0.8 | 0.4 | 1.2 | 1.0 | 7.7% |
| Poland | 0.3 | N/A | 2.7 | 0.8 | 38.7% |
| Israel | 0.2 | N/A | 0.2 | 0.5 | 35.7% |
| Thailand | 0.4 | 1.0 | 0.2 | 0.4 | 0.0% |
| Turkey | 0.7 | 0.3 | 0.2 | 0.2 | -34.1% |
| Canada | N/A | 0.1 | 0.1 | 0.1 | 0.0% |
| Portugal | 0.1 | 0.1 | N/A | 0.1 | 0.0% |
| Others | 12.3 | 9.0 | 11.9 | 7.0 | -17.1% |
| Total | 53.8 | 29.2 | 47.2 | 29.8 | -17.9% |
Top Export Markets for Printing Machinery; Offset, (Excluding Reel or Sheet Fed) from South Korea in 2022:
- Vietnam (590.0 units)
- Mexico (564.0 units)
- United States (549.0 units)
- Bangladesh (285.0 units)
- Canada (225.0 units)
- Thailand (203.0 units)
- Italy (107.0 units)
- Portugal (101.0 units)
- China (94.0 units)
- Turkey (91.0 units)
- Israel (84.0 units)
- Poland (63.0 units)
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