Price for Tools; for Working in the Hand, Pneumatic, Rotary Type (Including Combined Rotary-Percussion) in South Korea - 2022
Contents:
- Price for Tools; for Working in the Hand, Pneumatic, Rotary Type (Including Combined Rotary-Percussion) in South Korea (CIF) - 2022
- Price for Tools; for Working in the Hand, Pneumatic, Rotary Type (Including Combined Rotary-Percussion) in South Korea (FOB) - 2022
- Imports of Tools; for Working in the Hand, Pneumatic, Rotary Type (Including Combined Rotary-Percussion) in South Korea
- Exports of Tools; for Working in the Hand, Pneumatic, Rotary Type (Including Combined Rotary-Percussion) in South Korea
Price for Tools; for Working in the Hand, Pneumatic, Rotary Type (Including Combined Rotary-Percussion) in South Korea (CIF) - 2022
The average import price for tools; for working in the hand, pneumatic, rotary type (including combined rotary-percussion) stood at $269 per unit in 2022, with an increase of 3.8% against the previous year. In general, the import price, however, saw a abrupt shrinkage. The pace of growth appeared the most rapid in 2019 when the average import price increased by 43% against the previous year. Over the period under review, average import prices attained the maximum at $633 per unit in 2014; however, from 2015 to 2022, import prices remained at a lower figure.
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 Germany ($632 per unit), while the price for Taiwan (Chinese) ($135 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+0.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Tools; for Working in the Hand, Pneumatic, Rotary Type (Including Combined Rotary-Percussion) in South Korea (FOB) - 2022
The average export price for tools; for working in the hand, pneumatic, rotary type (including combined rotary-percussion) stood at $240 per unit in 2022, with a decrease of -15.4% against the previous year. Over the period under review, the export price showed a slight decrease. The most prominent rate of growth was recorded in 2019 an increase of 44% against the previous year. As a result, the export price attained the peak level of $356 per unit. From 2020 to 2022, the average export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Kazakhstan ($417 per unit), while the average price for exports to Yemen ($57 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 Kazakhstan (+16.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Tools; for Working in the Hand, Pneumatic, Rotary Type (Including Combined Rotary-Percussion) in South Korea
In 2022, supplies from abroad of tools; for working in the hand, pneumatic, rotary type (including combined rotary-percussion) decreased by -11.5% to 86K units, falling for the second consecutive year after two years of growth. Overall, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when imports increased by 14%. As a result, imports attained the peak of 99K units. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of tools; for working in the hand, pneumatic, rotary type (including combined rotary-percussion) dropped to $23M in 2022. In general, imports showed a noticeable slump. The pace of growth appeared the most rapid in 2021 with an increase of 6.6%. Over the period under review, imports of tools; for working in hand, pneumatic, rotary type (including combined rotary-percussion) attained the maximum at $26M in 2019; however, from 2020 to 2022, imports failed to regain momentum.
| Import of Tools; for Working in the Hand, Pneumatic, Rotary Type (Including Combined Rotary-Percussion) in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 9.3 | 7.4 | 7.4 | 6.9 | -9.5% |
| China | 6.7 | 5.4 | 8.1 | 6.4 | -1.5% |
| Taiwan (Chinese) | 4.4 | 4.8 | 5.3 | 5.3 | 6.4% |
| United States | 2.1 | 2.5 | 1.0 | 1.2 | -17.0% |
| Germany | 0.5 | 0.8 | 1.2 | 1.1 | 30.1% |
| Sweden | 0.9 | 0.5 | 0.5 | 0.5 | -17.8% |
| Others | 1.7 | 2.2 | 1.6 | 1.7 | 0.0% |
| Total | 25.6 | 23.6 | 25.1 | 23.1 | -3.4% |
Top Suppliers of Tools; for Working in the Hand, Pneumatic, Rotary Type (Including Combined Rotary-Percussion) to South Korea in 2022:
- Taiwan (Chinese) (39.5K units)
- China (27.9K units)
- Japan (10.9K units)
- United States (1.9K units)
- Germany (1.7K units)
- Sweden (0.7K units)
Exports of Tools; for Working in the Hand, Pneumatic, Rotary Type (Including Combined Rotary-Percussion) in South Korea
In 2022, after three years of growth, there was significant decline in shipments abroad of tools; for working in the hand, pneumatic, rotary type (including combined rotary-percussion), when their volume decreased by -50.5% to 12K units. In general, exports showed a noticeable reduction. The most prominent rate of growth was recorded in 2021 with an increase of 39%. As a result, the exports reached the peak of 25K units, and then shrank sharply in the following year.
In value terms, exports of tools; for working in the hand, pneumatic, rotary type (including combined rotary-percussion) dropped notably to $2.9M in 2022. Overall, exports continue to indicate a drastic downturn. The pace of growth appeared the most rapid in 2020 when exports increased by 24% against the previous year. The exports peaked at $7M in 2021, and then contracted sharply in the following year.
| Export of Tools; for Working in the Hand, Pneumatic, Rotary Type (Including Combined Rotary-Percussion) in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 668 | 777 | 1,090 | 398 | -15.9% |
| Vietnam | 328 | 225 | 472 | 276 | -5.6% |
| United States | 462 | 954 | 457 | 269 | -16.5% |
| Kazakhstan | 2.7 | 2.8 | 38.5 | 248 | 351.2% |
| Saudi Arabia | 77.5 | 234 | 232 | 160 | 27.3% |
| China | 491 | 589 | 495 | 143 | -33.7% |
| Italy | 185 | 267 | 624 | 111 | -15.7% |
| Mexico | 147 | 187 | 231 | 84.8 | -16.8% |
| India | 173 | 92.3 | 166 | 73.0 | -25.0% |
| Iraq | 327 | 581 | 137 | 59.0 | -43.5% |
| United Arab Emirates | 228 | 235 | 198 | 58.2 | -36.6% |
| Indonesia | 136 | 234 | 216 | 55.6 | -25.8% |
| Yemen | 1.9 | 12.0 | 40.7 | 17.3 | 108.8% |
| Others | 1,800 | 1,830 | 2,632 | 989 | -18.1% |
| Total | 5,028 | 6,221 | 7,030 | 2,943 | -16.4% |
Top Export Markets for Tools; for Working in the Hand, Pneumatic, Rotary Type (Including Combined Rotary-Percussion) from South Korea in 2022:
- Vietnam (1402.0 units)
- United States (1368.0 units)
- Russia (1228.0 units)
- Saudi Arabia (815.0 units)
- China (646.0 units)
- Kazakhstan (594.0 units)
- Italy (567.0 units)
- Mexico (477.0 units)
- Yemen (305.0 units)
- Iraq (300.0 units)
- India (299.0 units)
- United Arab Emirates (296.0 units)
- Indonesia (283.0 units)
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