Republic of Korea - Coal Or Rock Cutters And Tunnelling Machinery - Market Analysis, Forecast, Size, Trends And Insights
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View PricingRock Cutter Price in South Korea - 2022
Contents:
- Rock Cutter Price in South Korea (CIF) - 2022
- Rock Cutter Price in South Korea (FOB) - 2022
- Rock Cutter Imports in South Korea
- Rock Cutter Exports in South Korea
Rock Cutter Price in South Korea (CIF) - 2022
The average rock cutter import price stood at $18,697 per unit in 2022, shrinking by -3.4% against the previous year. In general, the import price recorded a perceptible downturn. The growth pace was the most rapid in 2018 when the average import price increased by 27%. The import price peaked at $31,965 per unit in 2013; however, from 2014 to 2022, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was South Africa ($20,832 per unit), while the price for Japan stood at $18,252 per unit.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (-1.9%).
Rock Cutter Price in South Korea (FOB) - 2022
In 2022, the average rock cutter export price amounted to $16,399 per unit, picking up by 5.3% against the previous year. Over the period under review, the export price continues to indicate a modest increase. The growth pace was the most rapid in 2013 an increase of 18%. The export price peaked at $20,787 per unit in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Africa ($21,356 per unit), while the average price for exports to Singapore ($1,447 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 Saudi Arabia (+8.8%), while the prices for the other major destinations experienced mixed trend patterns.
Rock Cutter Imports in South Korea
In 2022, purchases abroad of coal or rock cutters and tunnelling machinery decreased by -27.1% to 86 units for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, saw a buoyant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 115% against the previous year. As a result, imports attained the peak of 118 units, and then contracted markedly in the following year.
In value terms, rock cutter imports contracted significantly to $1.6M in 2022. In general, imports, however, recorded resilient growth. The most prominent rate of growth was recorded in 2021 when imports increased by 145% against the previous year. As a result, imports reached the peak of $2.3M, and then contracted sharply in the following year.
| Import of Rock Cutter in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 740 | 757 | 1,584 | 931 | 8.0% |
| South Africa | N/A | N/A | N/A | 625 | 0% |
| Hong Kong SAR | N/A | N/A | 207 | N/A | 0% |
| Austria | N/A | N/A | 72.1 | N/A | 0% |
| United States | N/A | 100 | 110 | N/A | 10.0% |
| United Arab Emirates | 33.1 | 13.3 | N/A | N/A | -59.8% |
| Others | 181 | 61.0 | 312 | 52.1 | -34.0% |
| Total | 954 | 931 | 2,285 | 1,608 | 19.0% |
Top Suppliers of Rock Cutter to South Korea in 2022:
- Japan (51.0 units)
- South Africa (30.0 units)
Rock Cutter Exports in South Korea
After three years of growth, shipments abroad of coal or rock cutters and tunnelling machinery decreased by -16.5% to 1.9K units in 2022. Overall, total exports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +16.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +56.8% against 2019 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 50% against the previous year. As a result, the exports attained the peak of 2.2K units, and then reduced remarkably in the following year.
In value terms, rock cutter exports declined to $30M in 2022. In general, total exports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +11.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +37.3% against 2019 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 32% against the previous year. As a result, the exports reached the peak of $35M, and then dropped in the following year.
| Export of Rock Cutter in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 9.6 | 13.9 | 12.2 | 21.6 | 31.0% |
| Canada | 0.6 | 1.1 | 3.8 | 4.1 | 89.8% |
| South Africa | 0.1 | 0.3 | 0.3 | 0.8 | 100.0% |
| Germany | N/A | N/A | N/A | 0.8 | 0% |
| United Kingdom | 2.9 | 2.3 | 4.9 | 0.5 | -44.3% |
| Netherlands | 1.2 | 2.6 | 3.8 | 0.4 | -30.7% |
| Oman | 1.4 | 0.9 | 3.4 | N/A | 55.8% |
| Others | 6.4 | 5.2 | 6.2 | 2.1 | -31.0% |
| Total | 22.1 | 26.2 | 34.6 | 30.4 | 11.2% |
Top Export Markets for Rock Cutter from South Korea in 2022:
- United States (1014.0 units)
- Germany (215.0 units)
- Canada (191.0 units)
- United Kingdom (45.0 units)
- Netherlands (41.0 units)
- South Africa (37.0 units)
This report provides an in-depth analysis of the rock cutter 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 28921235 - Coal or rock cutters and tunnelling machinery (excluding selfpropelled)
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
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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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