Price for Weaving Machines (Looms); for Weaving Fabrics of A Width 30cm or Less in South Korea - 2022

Contents:

1. Price for Weaving Machines (Looms); for Weaving Fabrics of A Width 30cm or Less in South Korea (FOB) - 2022
2. Price for Weaving Machines (Looms); for Weaving Fabrics of A Width 30cm or Less in South Korea (CIF) - 2022
3. Exports of Weaving Machines (Looms); for Weaving Fabrics of A Width 30cm or Less in South Korea
4. Imports of Weaving Machines (Looms); for Weaving Fabrics of A Width 30cm or Less in South Korea

Price for Weaving Machines (Looms); for Weaving Fabrics of A Width 30cm or Less in South Korea (FOB) - 2022

The average export price for weaving machines (looms); for weaving fabrics of a width 30cm or lesses stood at $20,938 per unit in 2022, with an increase of 40% against the previous year. Over the period under review, the export price saw a moderate expansion. The growth pace was the most rapid in 2019 an increase of 150%. The export price peaked at $38,958 per unit in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

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 Vietnam ($33,890 per unit), while the average price for exports to the United States ($5,670 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 Bangladesh (+27.4%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Weaving Machines (Looms); for Weaving Fabrics of A Width 30cm or Less in South Korea (CIF) - 2022

The average import price for weaving machines (looms); for weaving fabrics of a width 30cm or lesses stood at $2,589 per unit in 2022, waning by -32.2% against the previous year. Overall, the import price continues to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 when the average import price increased by 5.9%. The import price peaked at $21,664 per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 Switzerland ($30,279 per unit), while the price for Japan ($1,523 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (+7.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Exports of Weaving Machines (Looms); for Weaving Fabrics of A Width 30cm or Less in South Korea

In 2022, exports of weaving machines (looms); for weaving fabrics of a width 30cm or lesses from South Korea skyrocketed to 138 units, picking up by 27% on the previous year's figure. Overall, total exports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +13.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +84.0% against 2020 indices. The pace of growth was the most pronounced in 2021 when exports increased by 45% against the previous year. Over the period under review, the exports of attained the maximum in 2022 and are expected to retain growth in years to come.

In value terms, exports of weaving machines (looms); for weaving fabrics of a width 30cm or lesses soared to $2.9M in 2022. In general, total exports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +18.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Weaving Machines (Looms); for Weaving Fabrics of A Width 30cm or Less from South Korea in 2022:

1. India (71.0 units)
2. Turkey (29.0 units)
3. Vietnam (17.0 units)
4. Indonesia (5.0 units)
5. United States (5.0 units)
6. Belgium (4.0 units)
7. Guatemala (3.0 units)

Imports of Weaving Machines (Looms); for Weaving Fabrics of A Width 30cm or Less in South Korea

In 2022, approx. 165 units of weaving machines (looms); for weaving fabrics of a width 30cm or lesses were imported into South Korea; picking up by 180% against the year before. Overall, imports recorded a significant increase. The growth pace was the most rapid in 2020 when imports increased by 1,129%. As a result, imports attained the peak of 590 units. From 2021 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of weaving machines (looms); for weaving fabrics of a width 30cm or lesses soared to $629K in 2022. In general, imports enjoyed a significant expansion. The growth pace was the most rapid in 2020 with an increase of 524% against the previous year. As a result, imports attained the peak of $1.9M. From 2021 to 2022, the growth of imports of failed to regain momentum.

Top Suppliers of Weaving Machines (Looms); for Weaving Fabrics of A Width 30cm or Less to South Korea in 2022:

1. China (98.0 units)
2. Japan (56.0 units)
3. Switzerland (9.0 units)

Source: IndexBox Market Intelligence Platform