Republic of Korea - Pulley Tackle And Hoists Powered By An Electric Motor - Market Analysis, Forecast, Size, Trends And Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingPrice for Pulley Tackle and Hoists Powered by an Electric Motor in South Korea - 2022
Contents:
- Price for Pulley Tackle and Hoists Powered by an Electric Motor in South Korea (FOB) - 2022
- Price for Pulley Tackle and Hoists Powered by an Electric Motor in South Korea (CIF) - 2022
- Exports of Pulley Tackle and Hoists Powered by an Electric Motor in South Korea
- Imports of Pulley Tackle and Hoists Powered by an Electric Motor in South Korea
Price for Pulley Tackle and Hoists Powered by an Electric Motor in South Korea (FOB) - 2022
The average export price for pulley tackle and hoists powered by an electric motor stood at $4,269 per unit in 2022, waning by -8.7% against the previous year. In general, export price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of +4.7% 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 pulley tackle and hoists powered by an electric motor increased by +58.9% against 2012 indices. The pace of growth appeared the most rapid in 2021 when the average export price increased by 24% against the previous year. As a result, the export price attained the peak level of $4,674 per unit, and then shrank in the following year.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Saudi Arabia ($4,582 per unit), while the average price for exports to the United Arab Emirates ($2,221 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 the United States (+19.3%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Pulley Tackle and Hoists Powered by an Electric Motor in South Korea (CIF) - 2022
In 2022, the average import price for pulley tackle and hoists powered by an electric motor amounted to $981 per unit, waning by -24.1% against the previous year. Over the period under review, the import price recorded a pronounced reduction. The most prominent rate of growth was recorded in 2017 an increase of 27%. As a result, import price attained the peak level of $1,571 per unit. From 2018 to 2022, the average import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($8,781 per unit), while the price for the Netherlands ($554 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+15.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Pulley Tackle and Hoists Powered by an Electric Motor in South Korea
In 2022, overseas shipments of pulley tackle and hoists powered by an electric motor were finally on the rise to reach 6.5K units for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, showed a pronounced slump. The exports peaked at 7K units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, exports of pulley tackle and hoists powered by an electric motor skyrocketed to $28M in 2022. The total export value increased at an average annual rate of +2.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Pulley Tackle and Hoists Powered by an Electric Motor in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 8.0 | 9.3 | 5.3 | 9.1 | 4.4% |
| Indonesia | 2.3 | 4.5 | 1.3 | 7.1 | 45.6% |
| United States | 1.8 | 1.6 | 1.5 | 2.9 | 17.2% |
| China | 2.3 | 0.4 | 0.2 | 2.1 | -3.0% |
| United Arab Emirates | 0.7 | 0.3 | 0.2 | 0.8 | 4.6% |
| Saudi Arabia | 0.4 | 0.4 | 0.1 | 0.6 | 14.5% |
| Mauritania | N/A | N/A | N/A | 0.5 | 0% |
| Libya | 1.6 | 1.9 | 1.6 | N/A | 0.0% |
| Others | 8.5 | 6.7 | 9.5 | 4.5 | -19.1% |
| Total | 25.6 | 25.0 | 19.7 | 27.5 | 2.4% |
Top Export Markets for Pulley Tackle and Hoists Powered by an Electric Motor from South Korea in 2022:
- Vietnam (1981.0 units)
- Indonesia (1550.0 units)
- United States (638.0 units)
- China (467.0 units)
- United Arab Emirates (375.0 units)
- Saudi Arabia (122.0 units)
- Mauritania (101.0 units)
Imports of Pulley Tackle and Hoists Powered by an Electric Motor in South Korea
In 2022, approx. 17K units of pulley tackle and hoists powered by an electric motor were imported into South Korea; increasing by 6.4% on 2021 figures. The total import volume increased at an average annual rate of +4.3% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 13% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to continue growth in the immediate term.
In value terms, imports of pulley tackle and hoists powered by an electric motor shrank remarkably to $17M in 2022. Over the period under review, imports, however, showed a perceptible descent. The most prominent rate of growth was recorded in 2021 when imports increased by 20% against the previous year. As a result, imports attained the peak of $21M, and then reduced sharply in the following year.
| Import of Pulley Tackle and Hoists Powered by an Electric Motor in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 6.9 | 8.9 | 9.0 | 11.1 | 17.2% |
| Germany | 2.1 | 1.0 | 1.4 | 0.8 | -27.5% |
| Netherlands | 0.8 | 0.3 | 0.7 | 0.2 | -37.0% |
| Others | 8.8 | 7.4 | 10.1 | 5.0 | -17.2% |
| Total | 18.7 | 17.6 | 21.1 | 17.1 | -2.9% |
Top Suppliers of Pulley Tackle and Hoists Powered by an Electric Motor to South Korea in 2022:
- China (15.6K units)
- Netherlands (0.3K units)
- Germany (0.2K units)
This report provides an in-depth analysis of the market for pulley tackle and hoists powered by an electric motor 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 28221130 - Pulley tackle and hoists powered by an electric motor (excluding of the kind used for raising vehicles)
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.
-
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
-
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
-
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
-
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
-
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
-
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
-
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
275
This report provides an in-depth analysis of the market for pulley tackle and hoists powered by an electric motor in Republic of Korea.
308
This report provides an in-depth analysis of the built-in jacking system market in Republic of Korea.
364
This report provides an in-depth analysis of the hydraulic jack market in Republic of Korea.
290
This report provides an in-depth analysis of the jacks and hoists market in Republic of Korea.
255
This report provides an in-depth analysis of the non-electric pulley tackle market in Republic of Korea.
295
This report provides an in-depth analysis of the winche and capstan market in Republic of Korea.
477
This report provides an in-depth analysis of the global market for pulley tackle and hoists powered by an electric motor.
437
This report provides an in-depth analysis of the global built-in jacking system market.
424
This report provides an in-depth analysis of the global hydraulic jack market.
446
This report provides an in-depth analysis of the global jacks and hoists market.
38
Global demand for hydraulic jacks and hoists for raising vehicles is expected to continue growing over the next seven years, with market performance forecasted to decelerate but still show positive growth. By 2030, the market volume is projected to reach 73M units with a value of $10.6B. China is the largest consumer and producer of hydraulic jacks, with the United States and India following closely behind. The United States is the largest importer and France is the largest exporter of hydraulic jacks. Overall, the market is expected to see steady growth in the coming years.
38
Global demand for hydraulic jacks and hoists for raising vehicles is expected to continue growing over the next seven years, with market performance forecasted to decelerate but still show positive growth. By 2030, the market volume is projected to reach 73M units with a value of $10.6B. China is the largest consumer and producer of hydraulic jacks, with the United States and India following closely behind. The United States is the largest importer and France is the largest exporter of hydraulic jacks. Overall, the market is expected to see steady growth in the coming years.
