Republic of Korea - Window Or Wall Air Conditioning Systems, Self-Contained Or Split-Systems - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Window, Wall, or Split Air Conditioning System in South Korea - 2022
Contents:
- Price for Window, Wall, or Split Air Conditioning System in South Korea (FOB) - 2022
- Price for Window, Wall, or Split Air Conditioning System in South Korea (CIF) - 2022
- Exports of Window, Wall, or Split Air Conditioning System in South Korea
- Imports of Window, Wall, or Split Air Conditioning System in South Korea
Price for Window, Wall, or Split Air Conditioning System in South Korea (FOB) - 2022
The average export price for window or wall air conditioning systems, self-contained or split-systems stood at $311 per unit in 2022, growing by 28% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The export price peaked at $352 per unit in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Iraq ($311 per unit) and Israel ($311 per unit), while the average price for exports to the United Arab Emirates ($311 per unit) and India ($311 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 Slovakia (-0.1%), while the prices for the other major destinations experienced a decline.
Price for Window, Wall, or Split Air Conditioning System in South Korea (CIF) - 2022
The average import price for window or wall air conditioning systems, self-contained or split-systems stood at $320 per unit in 2022, declining by -10.7% against the previous year. Over the last decade, it increased at an average annual rate of +2.6%. The most prominent rate of growth was recorded in 2013 when the average import price increased by 50%. Over the period under review, average import prices hit record highs at $425 per unit in 2014; however, from 2015 to 2022, import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Japan ($320 per unit) and the Czech Republic ($320 per unit), while the price for China ($320 per unit) and Thailand ($320 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+3.8%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Window, Wall, or Split Air Conditioning System in South Korea
Exports of window or wall air conditioning systems, self-contained or split-systems from South Korea contracted rapidly to 1.7M units in 2022, with a decrease of -16.9% compared with 2021 figures. In general, exports, however, continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2021 with an increase of 111%. As a result, the exports reached the peak of 2.1M units, and then declined remarkably in the following year.
In value terms, exports of window or wall air conditioning systems, self-contained or split-systems rose notably to $539M in 2022. Over the period under review, total exports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +10.9% 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 +56.1% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 46%. Over the period under review, the exports of hit record highs in 2022 and are likely to continue growth in years to come.
| Export of Window, Wall, or Split Air Conditioning System in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 73.9 | 60.3 | 108 | 110 | 14.2% |
| Netherlands | 54.2 | 51.2 | 88.4 | 68.5 | 8.1% |
| Slovakia | 13.0 | 14.6 | 22.4 | 28.1 | 29.3% |
| Italy | 2.0 | 3.6 | 23.9 | 20.6 | 117.6% |
| Canada | 10.2 | 11.6 | 10.4 | 16.5 | 17.4% |
| Australia | 15.8 | 15.0 | 19.6 | 15.8 | 0.0% |
| Iraq | 6.2 | 7.2 | 6.5 | 14.9 | 33.9% |
| India | 4.0 | 3.6 | 8.5 | 14.5 | 53.6% |
| Israel | 6.6 | 7.4 | 11.1 | 14.3 | 29.4% |
| United Arab Emirates | 23.1 | 15.0 | 8.6 | 14.2 | -15.0% |
| Turkey | 12.3 | 7.9 | 11.4 | 14.1 | 4.7% |
| Vietnam | 14.9 | 12.9 | 10.4 | 11.4 | -8.5% |
| Mexico | 9.0 | 5.8 | 7.9 | 11.0 | 6.9% |
| Others | 150 | 129 | 168 | 185 | 7.2% |
| Total | 395 | 345 | 506 | 539 | 10.9% |
Top Export Markets for Window, Wall, or Split Air Conditioning System from South Korea in 2022:
- United States (354.0K units)
- Netherlands (220.3K units)
- Slovakia (90.4K units)
- Italy (66.2K units)
- Canada (53.1K units)
- Australia (50.8K units)
- Iraq (48.0K units)
- India (46.8K units)
- Israel (46.1K units)
- United Arab Emirates (45.8K units)
- Turkey (45.4K units)
- Vietnam (36.8K units)
- Mexico (35.5K units)
Imports of Window, Wall, or Split Air Conditioning System in South Korea
In 2022, the amount of window or wall air conditioning systems, self-contained or split-systems imported into South Korea expanded sharply to 987K units, picking up by 12% compared with the previous year. The total import volume increased at an average annual rate of +3.2% 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 2021 with an increase of 20%. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the near future.
In value terms, imports of window or wall air conditioning systems, self-contained or split-systems dropped to $316M in 2022. In general, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 40% against the previous year. As a result, imports reached the peak of $317M, leveling off in the following year.
| Import of Window, Wall, or Split Air Conditioning System in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 225 | 147 | 232 | 221 | -0.6% |
| Thailand | 72.7 | 65.6 | 70.1 | 83.0 | 4.5% |
| Czech Republic | 6.6 | 10.2 | 9.4 | 5.1 | -8.2% |
| Others | 10.9 | 3.7 | 5.8 | 6.9 | -14.1% |
| Total | 315 | 226 | 317 | 316 | 0.1% |
Top Suppliers of Window, Wall, or Split Air Conditioning System to South Korea in 2022:
- China (689.7K units)
- Thailand (259.5K units)
- Czech Republic (15.9K units)
This report provides an in-depth analysis of the market for window, wall, or split air conditioning system 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 28251220 - Window or wall air conditioning systems, self-contained or split-systems
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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