Republic of Korea - Pumps For Liquids And Liquid Elevators - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPump for Liquid Price in South Korea - 2022
Contents:
- Pump for Liquid Price in South Korea (CIF) - 2022
- Pump for Liquid Price in South Korea (FOB) - 2022
- Pump for Liquid Imports in South Korea
- Pump for Liquid Exports in South Korea
Pump for Liquid Price in South Korea (CIF) - 2022
In December 2022, the average pump for liquid import price amounted to $8.2 per unit, with a decrease of -16.1% against the previous month. Over the period under review, the import price continues to indicate a slight curtailment. The pace of growth appeared the most rapid in February 2022 when the average import price increased by 51% m-o-m. As a result, import price reached the peak level of $10.7 per unit. From March 2022 to December 2022, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In December 2022, the country with the highest price was Germany ($59.5 per unit), while the price for China ($1.7 per unit) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by Norway (+9.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Pump for Liquid Price in South Korea (FOB) - 2022
In December 2022, the average pump for liquid export price amounted to $13.0 per unit, which is down by -6.8% against the previous month. In general, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in July 2022 when the average export price increased by 14% m-o-m. Over the period under review, the average export prices attained the maximum at $14.2 per unit in December 2021; however, from January 2022 to December 2022, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was China ($23.5 per unit), while the average price for exports to Italy ($2.8 per unit) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+4.6%), while the prices for the other major destinations experienced more modest paces of growth.
Pump for Liquid Imports in South Korea
After three years of growth, supplies from abroad of pumps for liquids and liquid elevators decreased by -18.3% to 104M units in 2022. The total import volume increased at an average annual rate of +6.6% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 27% against the previous year. As a result, imports attained the peak of 128M units, and then dropped notably in the following year.
In value terms, pump for liquid imports fell notably to $1.4B in 2022. Over the period under review, total imports indicated notable growth from 2019 to 2022: its value increased at an average annual rate of +3.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +27.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 56% against the previous year. As a result, imports reached the peak of $1.7B, and then dropped sharply in the following year.
| Import of Pump for Liquid in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 177 | 183 | 298 | 242 | 11.0% |
| Japan | 247 | 203 | 286 | 235 | -1.6% |
| Germany | 175 | 137 | 191 | 179 | 0.8% |
| Czech Republic | 112 | 126 | 170 | 147 | 9.5% |
| United States | 208 | 126 | 128 | 144 | -11.5% |
| Others | 342 | 311 | 618 | 442 | 8.9% |
| Total | 1,262 | 1,086 | 1,691 | 1,388 | 3.2% |
Top Suppliers of Pump for Liquid to South Korea in 2022:
- China (84.5M units)
- Japan (4.6M units)
- Czech Republic (3.1M units)
- United States (1.7M units)
- Germany (1.5M units)
Pump for Liquid Exports in South Korea
In 2022, exports of pumps for liquids and liquid elevators from South Korea expanded notably to 70M units, increasing by 7.2% compared with 2021. Overall, exports, however, showed a noticeable contraction. Over the period under review, the exports attained the maximum at 81M units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, pump for liquid exports shrank to $1.3B in 2022. The total export value increased at an average annual rate of +6.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 26% against the previous year. As a result, the exports reached the peak of $1.4B, and then dropped in the following year.
| Export of Pump for Liquid in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 199 | 226 | 328 | 268 | 10.4% |
| China | 233 | 237 | 253 | 241 | 1.1% |
| Slovakia | 82.0 | 66.7 | 108 | 91.7 | 3.8% |
| Mexico | 57.4 | 56.7 | 71.7 | 65.6 | 4.6% |
| United Arab Emirates | 13.3 | 54.9 | 37.6 | 34.7 | 37.7% |
| Vietnam | 39.6 | 58.5 | 20.7 | 33.0 | -5.9% |
| Japan | 33.1 | 28.1 | 34.8 | 31.2 | -2.0% |
| Thailand | 37.6 | 16.2 | 31.7 | 30.6 | -6.6% |
| United Kingdom | 22.5 | 30.2 | 33.8 | 29.5 | 9.4% |
| Iran | 1.8 | 2.7 | 24.8 | 24.5 | 138.8% |
| Uzbekistan | 25.6 | 16.7 | 19.6 | 22.7 | -3.9% |
| Brazil | 11.9 | 13.9 | 24.7 | 20.3 | 19.5% |
| Germany | 10.3 | 18.4 | 19.2 | 16.1 | 16.1% |
| Others | 281 | 290 | 402 | 353 | 7.9% |
| Total | 1,048 | 1,117 | 1,409 | 1,263 | 6.4% |
Top Export Markets for Pump for Liquid from South Korea in 2022:
- United States (20.0M units)
- China (8.8M units)
- Slovakia (6.0M units)
- United Arab Emirates (3.3M units)
- Brazil (2.9M units)
- Japan (2.9M units)
- United Kingdom (2.7M units)
- Mexico (2.6M units)
- Thailand (2.3M units)
- Uzbekistan (1.9M units)
- Germany (1.8M units)
- Iran (1.4M units)
- Vietnam (1.1M units)
This report provides an in-depth analysis of the pump for liquid market 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 28121320 - Hydraulic pumps (radial piston)
- Prodcom 28121350 - Hydraulic pumps (gear)
- Prodcom 28121380 - Hydraulic pumps (vane)
- Prodcom 28121530 - Hydraulic pumps (axial piston)
- Prodcom 28121580 - Hydraulic pumps (excluding axial, radial, gear, vane)
- Prodcom 28131105 - Petrol and oil dispensing pumps, unit
- Prodcom 28131125 - Pumps for dispensing liquids, fitted or designed to be fitted with a measuring device (excluding for fuel or lubricants)
- Prodcom 28131145 - Positive displacement pumps, hand pumps
- Prodcom 28131165 - Fuel, lubricating or cooling-medium pumps for internal combustion engines
- Prodcom 28131185 - Concrete pumps
- Prodcom 28131220 - Positive displacement reciprocating pumps, dosing and proportioning
- Prodcom 28131250 - In-line reciprocating piston pumps
- Prodcom 28131280 - Positive displacement reciprocating pumps, diaphragm
- Prodcom 28131320 - Positive displacement pumps, rotary, gear
- Prodcom 28131340 - Positive displacement pumps, rotary, vane
- Prodcom 28131360 - Positive displacement pumps, rotary, screw
- Prodcom 28131380 - Positive displacement pumps, rotary (including peristaltic, r otary lobe and helical rotor pumps) (excluding hydraulic units, gear pumps, vane pumps, screw pumps)
- Prodcom 28131413 - Submersible motor, single-stage rotodynamic drainage and sewage pumps
- Prodcom 28131415 - Submersible motor, multi-stage rotodynamic pumps
- Prodcom 28131417 - Glandless impeller pumps for heating systems and warm water supply
- Prodcom 28131420 - Rotodynamic pumps . .15 mm discharge
- Prodcom 28131430 - Centrifugal pumps with a discharge outlet diameter > .15 mm, c hannel impeller pumps, side channel pumps, peripheral pumps and regenerative pumps
- Prodcom 28131451 - Centrifugal pumps with a discharge outlet diameter > .15 mm, s ingle-stage with a single entry impeller, close coupled
- Prodcom 28131453 - Centrifugal pumps with a discharge outlet diameter > .15 mm, s ingle stage with a single entry impeller, long coupled
- Prodcom 28131455 - Centrifugal pumps with a discharge outlet diameter > .15 mm, s ingle-stage with double entry impeller
- Prodcom 28131460 - Centrifugal pumps with a discharge outlet diameter > .15 mm, m ulti-stage (including self-priming)
- Prodcom 28131471 - Rotodynamic single-stage mixed flow or axial pumps
- Prodcom 28131475 - Rotodynamic multi-stage mixed flow or axial pumps
- Prodcom 28131480 - Other liquid pumps, liquid elevators
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
-
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
-
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
-
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
-
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
-
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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