Republic of Korea - Spray Guns And Similar Appliances - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Spray Guns and Similar Appliances in South Korea - 2022
Contents:
- Price for Spray Guns and Similar Appliances in South Korea (CIF) - 2022
- Price for Spray Guns and Similar Appliances in South Korea (FOB) - 2022
- Imports of Spray Guns and Similar Appliances in South Korea
- Exports of Spray Guns and Similar Appliances in South Korea
Price for Spray Guns and Similar Appliances in South Korea (CIF) - 2022
In December 2022, the average import price for spray guns and similar appliances amounted to $1.2 per unit, growing by 45% against the previous month. Over the period under review, import price indicated tangible growth from December 2021 to December 2022: its price increased at an average monthly rate of +3.1% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2022 figures, spray guns and similar appliances import price increased by +55.5% against September 2022 indices. The most prominent rate of growth was recorded in May 2022 an increase of 137% m-o-m. The import price peaked in December 2022.
There were significant differences in the average prices amongst the major supplying countries. In December 2022, the country with the highest price was Japan ($1.9 per unit), while the price for China ($433 per thousand units) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by Japan (+5.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Spray Guns and Similar Appliances in South Korea (FOB) - 2022
The average export price for spray guns and similar appliances stood at $1.1 per unit in 2022, growing by 15% against the previous year. In general, export price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, spray guns and similar appliances export price increased by +36.0% against 2020 indices. The most prominent rate of growth was recorded in 2015 an increase of 64%. As a result, the export price reached the peak level of $1.2 per unit. From 2016 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 Russia ($2.4 per unit), while the average price for exports to Vietnam ($0.6 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 Russia (+32.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Spray Guns and Similar Appliances in South Korea
For the fourth consecutive year, South Korea recorded growth in purchases abroad of spray guns and similar appliances, which increased by 2.5% to 48M units in 2022. The total import volume increased at an average annual rate of +12.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 with an increase of 39%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, spray guns and similar appliances imports dropped modestly to $41M in 2022. The total import value increased at an average annual rate of +12.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 with an increase of 38%. Imports peaked at $42M in 2021, and then contracted slightly in the following year.
| Import of Spray Guns and Similar Appliances in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 7.8 | 11.6 | 13.7 | 15.6 | 26.0% |
| United States | 8.7 | 7.2 | 9.9 | 12.0 | 11.3% |
| Germany | 4.0 | 11.0 | 8.3 | 3.6 | -3.5% |
| Japan | 3.1 | 4.5 | 5.2 | 2.8 | -3.3% |
| Italy | 1.6 | 1.3 | 1.0 | 1.7 | 2.0% |
| Taiwan (Chinese) | 1.1 | 0.9 | 0.9 | 1.1 | 0.0% |
| Others | 2.4 | 3.1 | 2.8 | 3.9 | 17.6% |
| Total | 28.8 | 39.7 | 41.7 | 40.7 | 12.2% |
Top Suppliers of Spray Guns and Similar Appliances to South Korea in 2022:
- China (32.3M units)
- United States (9.3M units)
- Japan (1.6M units)
- Italy (1.4M units)
- Taiwan (Chinese) (1.3M units)
- Germany (0.5M units)
Exports of Spray Guns and Similar Appliances in South Korea
In 2022, approx. 28M units of spray guns and similar appliances were exported from South Korea; falling by -24.7% against the previous year. Overall, exports saw a deep contraction. The most prominent rate of growth was recorded in 2021 with an increase of 16% against the previous year. As a result, the exports attained the peak of 38M units, and then reduced remarkably in the following year.
In value terms, spray guns and similar appliances exports declined to $31M in 2022. Over the period under review, exports saw a pronounced slump. The most prominent rate of growth was recorded in 2021 with an increase of 38% against the previous year. As a result, the exports attained the peak of $36M, and then dropped in the following year.
| Export of Spray Guns and Similar Appliances in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 2.3 | 4.6 | 2.5 | 6.5 | 41.4% |
| Indonesia | 2.7 | 2.3 | 2.5 | 4.2 | 15.9% |
| Vietnam | 5.3 | 3.2 | 5.0 | 4.0 | -9.0% |
| Mexico | 1.2 | 3.2 | 2.9 | 2.5 | 27.7% |
| Russia | 0.5 | 0.5 | 3.0 | 2.4 | 68.7% |
| China | 9.1 | 1.4 | 1.4 | 2.2 | -37.7% |
| India | 3.5 | 0.4 | 1.0 | 1.8 | -19.9% |
| Singapore | 0.8 | 0.6 | 0.8 | 0.7 | -4.4% |
| Slovakia | 0.1 | 0.7 | 0.8 | 0.7 | 91.3% |
| Malaysia | 0.3 | 0.3 | 0.3 | 0.6 | 26.0% |
| Saudi Arabia | 0.4 | 0.2 | 0.7 | 0.5 | 7.7% |
| Thailand | 0.9 | 0.6 | 0.2 | 0.4 | -23.7% |
| Japan | 1.1 | 2.1 | 5.2 | 0.3 | -35.2% |
| Others | 6.7 | 5.7 | 9.4 | 3.9 | -16.5% |
| Total | 34.9 | 25.8 | 35.6 | 30.7 | -4.2% |
Top Export Markets for Spray Guns and Similar Appliances from South Korea in 2022:
- Vietnam (6.8M units)
- United States (3.6M units)
- Mexico (3.3M units)
- Indonesia (2.7M units)
- China (2.1M units)
- India (1.6M units)
- Russia (1.0M units)
- Singapore (0.7M units)
- Malaysia (0.7M units)
- Slovakia (0.7M units)
- Thailand (0.7M units)
- Japan (0.5M units)
- Saudi Arabia (0.4M units)
This report provides an in-depth analysis of the market for spray guns and similar appliances 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 28292220 - Spray guns and similar appliances
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
-
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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