Price for Winches and Capstans; Powered by an Electric Motor in South Korea - 2022
Contents:
- Price for Winches and Capstans; Powered by an Electric Motor in South Korea (CIF) - 2022
- Price for Winches and Capstans; Powered by an Electric Motor in South Korea (FOB) - 2022
- Imports of Winches and Capstans; Powered by an Electric Motor in South Korea
- Exports of Winches and Capstans; Powered by an Electric Motor in South Korea
Price for Winches and Capstans; Powered by an Electric Motor in South Korea (CIF) - 2022
In 2022, the average import price for winches and capstans; powered by an electric motors amounted to $876 per unit, leveling off at the previous year. Overall, the import price continues to indicate a deep contraction. The pace of growth was the most pronounced in 2016 when the average import price increased by 37% against the previous year. The import price peaked at $1,905 per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($5,398 per unit), while the price for the UK ($468 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+20.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Winches and Capstans; Powered by an Electric Motor in South Korea (FOB) - 2022
In 2022, the average export price for winches and capstans; powered by an electric motors amounted to $2,245 per unit, with a decrease of -8.4% against the previous year. Overall, the export price continues to indicate a perceptible reduction. The most prominent rate of growth was recorded in 2017 an increase of 22%. The export price peaked at $3,316 per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($25,651 per unit), while the average price for exports to Germany ($115 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 Kuwait (+7.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Winches and Capstans; Powered by an Electric Motor in South Korea
In 2022, imports of winches and capstans; powered by an electric motors into South Korea fell significantly to 23K units, shrinking by -44.2% against 2021 figures. Over the period under review, imports saw a abrupt decline. The most prominent rate of growth was recorded in 2021 when imports increased by 124% against the previous year. As a result, imports reached the peak of 42K units, and then reduced remarkably in the following year.
In value terms, imports of winches and capstans; powered by an electric motors fell dramatically to $20M in 2022. Overall, imports recorded a deep slump. The pace of growth appeared the most rapid in 2021 when imports increased by 112%. As a result, imports attained the peak of $37M, and then fell rapidly in the following year.
| Import of Winches and Capstans; Powered by an Electric Motor in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 3.4 | 5.8 | 11.7 | 9.9 | 42.8% |
| France | N/A | 0.1 | 3.1 | 3.6 | 500.0% |
| Taiwan (Chinese) | 2.2 | 2.2 | 2.3 | 2.7 | 7.1% |
| Poland | 0.5 | 0.9 | 7.2 | 1.6 | 47.4% |
| Japan | 5.7 | 3.7 | 1.3 | 1.3 | -38.9% |
| Germany | 6.6 | 1.0 | 1.4 | 0.9 | -48.5% |
| Norway | 3.3 | 0.7 | 0.9 | N/A | -47.8% |
| United Kingdom | 1.7 | 0.2 | N/A | N/A | -88.2% |
| Others | 4.2 | 2.7 | 8.7 | 0.5 | -50.8% |
| Total | 27.6 | 17.3 | 36.7 | 20.4 | -9.6% |
Top Suppliers of Winches and Capstans; Powered by an Electric Motor to South Korea in 2022:
- China (19.9K units)
- Taiwan (Chinese) (1.0K units)
- Poland (0.7K units)
- France (0.7K units)
- Japan (0.5K units)
- Germany (0.5K units)
Exports of Winches and Capstans; Powered by an Electric Motor in South Korea
In 2022, approx. 3.7K units of winches and capstans; powered by an electric motors were exported from South Korea; dropping by -11.3% against the previous year's figure. In general, exports recorded a abrupt descent. The most prominent rate of growth was recorded in 2021 when exports increased by 56%. The exports peaked at 4.3K units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, exports of winches and capstans; powered by an electric motors fell rapidly to $8.3M in 2022. Over the period under review, exports recorded a deep downturn. The pace of growth appeared the most rapid in 2021 with an increase of 58% against the previous year. As a result, the exports reached the peak of $10M, and then declined markedly in the following year.
| Export of Winches and Capstans; Powered by an Electric Motor in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 656 | 339 | 919 | 3,164 | 69.0% |
| China | 1,141 | 341 | 1,016 | 2,950 | 37.2% |
| United States | 293 | 129 | 24.6 | 478 | 17.7% |
| Russia | 240 | 46.6 | 134 | 252 | 1.6% |
| Indonesia | 28.7 | 0.2 | 514 | 241 | 103.3% |
| Germany | 58.1 | 45.1 | 64.2 | 133 | 31.8% |
| France | 117 | 15.5 | 51.4 | 117 | 0.0% |
| Norway | 58.3 | 17.4 | 33.5 | 79.5 | 10.9% |
| Taiwan (Chinese) | 210 | 166 | 202 | 51.2 | -37.5% |
| Italy | 340 | 210 | 207 | 1.0 | -85.7% |
| United Kingdom | 714 | 0.2 | 0.1 | 0.5 | -91.1% |
| Papua New Guinea | 3,499 | 3,206 | 4,697 | N/A | 15.9% |
| Saudi Arabia | 3.3 | 201 | 488 | N/A | 1116.1% |
| Others | 2,759 | 1,703 | 1,812 | 788 | -34.1% |
| Total | 10,118 | 6,420 | 10,164 | 8,255 | -6.6% |
Top Export Markets for Winches and Capstans; Powered by an Electric Motor from South Korea in 2022:
- Vietnam (1369.0 units)
- Germany (1161.0 units)
- United States (268.0 units)
- Russia (168.0 units)
- China (115.0 units)
- Indonesia (105.0 units)
- Norway (90.0 units)
- France (79.0 units)
- Taiwan (Chinese) (22.0 units)
- Italy (1.0 units)
- United Kingdom (1.0 units)
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