Republic of Korea - Screwdrivers - Market Analysis, Forecast, Size, Trends And Insights
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View PricingScrewdriver Price in South Korea - 2022
Contents:
- Screwdriver Price in South Korea (CIF) - 2022
- Screwdriver Price in South Korea (FOB) - 2022
- Screwdriver Imports in South Korea
- Screwdriver Exports in South Korea
Screwdriver Price in South Korea (CIF) - 2022
The average screwdriver import price stood at $12,488 per ton in 2022, declining by -5.5% against the previous year. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by 6.5% against the previous year. The import price peaked at $13,515 per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.
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 Germany ($43,819 per ton), while the price for China ($6,521 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+7.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Screwdriver Price in South Korea (FOB) - 2022
In 2022, the average screwdriver export price amounted to $12,044 per ton, with an increase of 23% against the previous year. In general, the export price, however, showed a mild slump. The most prominent rate of growth was recorded in 2013 when the average export price increased by 53% against the previous year. As a result, the export price reached the peak level of $22,336 per ton. From 2014 to 2022, the average export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($51,284 per ton), while the average price for exports to the Czech Republic ($3,416 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Guinea (+18.7%), while the prices for the other major destinations experienced more modest paces of growth.
Screwdriver Imports in South Korea
In 2022, approx. 868 tons of screwdrivers were imported into South Korea; growing by 3.5% compared with the year before. The total import volume increased at an average annual rate of +4.6% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 with an increase of 12% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
In value terms, screwdriver imports fell modestly to $11M in 2022. The total import value increased at an average annual rate of +3.2% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 7.5% against the previous year.
| Import of Screwdriver in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 3.2 | 3.6 | 3.6 | 3.4 | 2.0% |
| Japan | 3.3 | 4.0 | 3.3 | 3.3 | 0.0% |
| Germany | 1.5 | 1.2 | 1.7 | 1.7 | 4.3% |
| Taiwan (Chinese) | 0.8 | 0.8 | 0.9 | 0.9 | 4.0% |
| Poland | N/A | 0.3 | 0.6 | 0.6 | 41.4% |
| Others | 1.0 | 0.8 | 1.0 | 1.0 | 0.0% |
| Total | 9.9 | 10.6 | 11.1 | 10.8 | 2.9% |
Top Suppliers of Screwdriver to South Korea in 2022:
- China (519.9 tons)
- Japan (191.4 tons)
- Taiwan (Chinese) (73.2 tons)
- Germany (38.0 tons)
- Poland (15.8 tons)
Screwdriver Exports in South Korea
In 2022, exports of screwdrivers from South Korea shrank sharply to 109 tons, which is down by -36.2% against the previous year. In general, exports, however, continue to indicate prominent growth. The most prominent rate of growth was recorded in 2021 with an increase of 132% against the previous year. As a result, the exports attained the peak of 171 tons, and then declined rapidly in the following year.
In value terms, screwdriver exports reduced remarkably to $1.3M in 2022. Overall, exports, however, continue to indicate a remarkable increase. The pace of growth appeared the most rapid in 2021 with an increase of 77% against the previous year. As a result, the exports attained the peak of $1.7M, and then declined rapidly in the following year.
| Export of Screwdriver in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 175 | 297 | 415 | 313 | 21.4% |
| China | 42.7 | 100 | 304 | 185 | 63.0% |
| United States | 114 | 95.1 | 195 | 141 | 7.3% |
| Philippines | 79.4 | 153 | 4.2 | 114 | 12.8% |
| Czech Republic | 62.5 | 40.6 | 73.4 | 64.8 | 1.2% |
| Vietnam | 64.0 | 31.7 | 71.5 | 60.9 | -1.6% |
| Mexico | 53.5 | 28.1 | 58.4 | 51.4 | -1.3% |
| Guinea | N/A | N/A | 6.4 | N/A | 0% |
| Others | 224 | 205 | 555 | 387 | 20.0% |
| Total | 815 | 951 | 1,683 | 1,317 | 17.3% |
Top Export Markets for Screwdriver from South Korea in 2022:
- Japan (50.1 tons)
- Czech Republic (19.0 tons)
- United States (8.6 tons)
- Mexico (7.6 tons)
- Philippines (5.5 tons)
- Vietnam (4.2 tons)
- China (3.6 tons)
This report provides an in-depth analysis of the screwdriver 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 25733063 - Screwdrivers
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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