Republic of Korea - Side Cars and Cycles with Non-Combustion Motors - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Side Car and Cycle with Non-Combustion Motor in South Korea - 2022
Contents:
- Price for Side Car and Cycle with Non-Combustion Motor in South Korea (CIF) - 2022
- Price for Side Car and Cycle with Non-Combustion Motor in South Korea (FOB) - 2022
- Imports of Side Car and Cycle with Non-Combustion Motor in South Korea
- Exports of Side Car and Cycle with Non-Combustion Motor in South Korea
Price for Side Car and Cycle with Non-Combustion Motor in South Korea (CIF) - 2022
The average import price for side cars and cycles with non-combustion motors stood at $1,000 per unit in December 2022, falling by -4% against the previous month. In general, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in January 2022 when the average import price increased by 10% against the previous month. Over the period under review, average import prices reached the maximum at $1,042 per unit in November 2022, and then declined slightly in the following month.
Average prices varied noticeably amongst the major supplying countries. In December 2022, the country with the highest price was China ($1,003 per unit), while the price for Taiwan (Chinese) ($992 per unit) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+0.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Side Car and Cycle with Non-Combustion Motor in South Korea (FOB) - 2022
The average export price for side cars and cycles with non-combustion motors stood at $1,353 per unit in 2022, with an increase of 13% against the previous year. Over the period under review, the export price, however, continues to indicate a perceptible shrinkage. The pace of growth was the most pronounced in 2015 an increase of 22% against the previous year. The export price peaked at $1,967 per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Australia ($1,369 per unit) and Belgium ($1,347 per unit), while the average price for exports to Ireland ($1,332 per unit) and Indonesia ($1,333 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+14.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Side Car and Cycle with Non-Combustion Motor in South Korea
After three years of growth, purchases abroad of side cars and cycles with non-combustion motors decreased by -16.8% to 178K units in 2022. Over the period under review, imports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 106% against the previous year. Imports peaked at 214K units in 2021, and then shrank sharply in the following year.
In value terms, imports of side cars and cycles with non-combustion motors fell to $180M in 2022. Overall, imports, however, recorded a significant expansion. The growth pace was the most rapid in 2021 with an increase of 47% against the previous year. As a result, imports attained the peak of $194M, and then dropped in the following year.
| Import of Side Car and Cycle with Non-Combustion Motor in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 80.9 | 123 | 186 | 164 | 26.6% |
| Taiwan (Chinese) | 7.6 | 7.5 | 5.8 | 10.3 | 10.7% |
| Others | 1.5 | 1.8 | 2.0 | 5.6 | 55.1% |
| Total | 90.0 | 132 | 194 | 180 | 26.0% |
Top Suppliers of Side Car and Cycle with Non-Combustion Motor to South Korea in 2022:
- China (163.2K units)
- Taiwan (Chinese) (9.5K units)
Exports of Side Car and Cycle with Non-Combustion Motor in South Korea
In 2022, overseas shipments of side cars and cycles with non-combustion motors decreased by -65.4% to 6.8K units for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, continue to indicate a significant increase. The growth pace was the most rapid in 2020 when exports increased by 823% against the previous year. The exports peaked at 20K units in 2021, and then shrank notably in the following year.
In value terms, exports of side cars and cycles with non-combustion motors plummeted to $9.2M in 2022. Over the period under review, exports, however, posted a significant increase. The growth pace was the most rapid in 2020 when exports increased by 651% against the previous year. The exports peaked at $23M in 2021, and then dropped significantly in the following year.
| Export of Side Car and Cycle with Non-Combustion Motor in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Denmark | N/A | 1.1 | 2.9 | 3.0 | 65.1% |
| Australia | N/A | N/A | 0.7 | 1.3 | 85.7% |
| Germany | 1.3 | 8.5 | 10.2 | 0.9 | -11.5% |
| New Zealand | N/A | N/A | 0.2 | 0.8 | 300.0% |
| Czech Republic | N/A | N/A | N/A | 0.4 | 0% |
| Indonesia | N/A | 0.1 | N/A | 0.4 | 100.0% |
| Greece | N/A | N/A | N/A | 0.3 | 0% |
| Poland | N/A | N/A | N/A | 0.3 | 0% |
| United Kingdom | N/A | 0.4 | 1.5 | 0.3 | -13.4% |
| Netherlands | N/A | 0.6 | 1.5 | 0.3 | -29.3% |
| Ireland | N/A | N/A | 0.1 | 0.2 | 100.0% |
| China | 0.1 | N/A | 0.1 | 0.2 | 26.0% |
| Belgium | N/A | 0.6 | 0.3 | 0.1 | -59.2% |
| Others | 0.7 | 4.3 | 6.0 | 0.7 | 0.0% |
| Total | 2.1 | 15.5 | 23.5 | 9.2 | 63.6% |
Top Export Markets for Side Car and Cycle with Non-Combustion Motor from South Korea in 2022:
- Denmark (2227.0 units)
- Australia (982.0 units)
- Germany (710.0 units)
- New Zealand (631.0 units)
- Czech Republic (308.0 units)
- Indonesia (276.0 units)
- Poland (216.0 units)
- United Kingdom (214.0 units)
- Greece (199.0 units)
- Netherlands (191.0 units)
- Ireland (145.0 units)
- China (131.0 units)
- Belgium (67.0 units)
This report provides an in-depth analysis of the market for side car and cycle with non-combustion 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 30911300 - Side cars for motorcycles, cycles with auxiliary motors other than reciprocating internal combustion piston engine
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.
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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
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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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
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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
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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
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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
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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
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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
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