Republic of Korea - Self-Propelled Boring Or Sinking Machinery - Market Analysis, Forecast, Size, Trends And Insights
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View PricingSelf-Propelled Boring Machinery Price in South Korea - 2022
Contents:
- Self-Propelled Boring Machinery Price in South Korea (FOB) - 2022
- Self-Propelled Boring Machinery Price in South Korea (CIF) - 2022
- Self-Propelled Boring Machinery Exports in South Korea
- Self-Propelled Boring Machinery Imports in South Korea
Self-Propelled Boring Machinery Price in South Korea (FOB) - 2022
In 2022, the average self-propelled boring machinery export price amounted to $89,709 per unit, with an increase of 35% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The export price peaked at $109,959 per unit in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.
Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were Singapore ($92,499 per unit) and Indonesia ($91,972 per unit), while the average price for exports to Vietnam ($88,300 per unit) and Mexico ($89,270 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 Japan (+6.0%), while the prices for the other major destinations experienced more modest paces of growth.
Self-Propelled Boring Machinery Price in South Korea (CIF) - 2022
The average self-propelled boring machinery import price stood at $312,999 per unit in 2022, growing by 43% against the previous year. Over the last decade, it increased at an average annual rate of +2.6%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from India ($339,963 per unit) and Sweden ($331,094 per unit), while the price for Singapore ($285,000 per unit) and Finland ($295,837 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+15.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Self-Propelled Boring Machinery Exports in South Korea
In 2022, overseas shipments of self-propelled boring or sinking machinery decreased by -8.7% to 608 units for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 80% against the previous year. As a result, the exports reached the peak of 666 units, and then declined in the following year.
In value terms, self-propelled boring machinery exports soared to $55M in 2022. Over the period under review, total exports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +17.9% 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 +64.6% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 34% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the near future.
| Export of Self-Propelled Boring Machinery in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 2.0 | 1.5 | 4.3 | 6.6 | 48.9% |
| United States | 7.6 | 4.2 | 6.5 | 5.6 | -9.7% |
| Australia | 1.0 | 1.6 | 3.8 | 4.2 | 61.3% |
| Saudi Arabia | 0.4 | 0.7 | 0.8 | 3.8 | 111.8% |
| Philippines | 0.9 | 1.2 | 0.5 | 3.6 | 58.7% |
| Japan | 0.2 | N/A | N/A | 2.7 | 138.1% |
| Indonesia | 1.2 | 1.0 | 2.6 | 2.6 | 29.4% |
| Thailand | 2.5 | 3.2 | 4.8 | 2.6 | 1.3% |
| Peru | 1.8 | 1.8 | 2.7 | 2.3 | 8.5% |
| Mexico | 0.3 | 1.1 | 1.3 | 2.1 | 91.3% |
| Singapore | 1.4 | 1.4 | 2.3 | 1.5 | 2.3% |
| Vietnam | 1.6 | 0.5 | 0.8 | 1.4 | -4.4% |
| Kazakhstan | 0.8 | 0.1 | 0.4 | 1.3 | 17.6% |
| Others | 11.6 | 14.7 | 13.9 | 14.2 | 7.0% |
| Total | 33.3 | 33.1 | 44.4 | 54.5 | 17.8% |
Top Export Markets for Self-Propelled Boring Machinery from South Korea in 2022:
- Russia (73.0 units)
- United States (62.0 units)
- Australia (47.0 units)
- Saudi Arabia (42.0 units)
- Philippines (40.0 units)
- Japan (30.0 units)
- Thailand (29.0 units)
- Indonesia (28.0 units)
- Peru (25.0 units)
- Mexico (24.0 units)
- Singapore (16.0 units)
- Vietnam (16.0 units)
- Kazakhstan (15.0 units)
Self-Propelled Boring Machinery Imports in South Korea
In 2022, imports of self-propelled boring or sinking machinery into South Korea skyrocketed to 120 units, picking up by 54% against the previous year's figure. In general, imports showed a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 150% against the previous year. As a result, imports attained the peak of 155 units. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, self-propelled boring machinery imports soared to $38M in 2022. Overall, imports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2020 when imports increased by 137% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the immediate term.
| Import of Self-Propelled Boring Machinery in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 3.6 | 18.1 | 5.7 | 23.2 | 86.1% |
| Japan | 4.1 | 4.1 | 2.9 | 3.7 | -3.4% |
| Sweden | 2.5 | 4.9 | 2.1 | 3.3 | 9.7% |
| Finland | 1.9 | 4.1 | 0.8 | 2.1 | 3.4% |
| Germany | N/A | 0.2 | 0.2 | 1.6 | 182.8% |
| Singapore | N/A | N/A | 0.7 | 1.1 | 57.1% |
| India | N/A | N/A | N/A | 1.0 | 0% |
| Italy | 1.0 | 0.7 | 2.3 | 0.9 | -3.5% |
| Others | 1.2 | 1.9 | 2.4 | 0.5 | -25.3% |
| Total | 14.3 | 33.9 | 17.1 | 37.6 | 38.0% |
Top Suppliers of Self-Propelled Boring Machinery to South Korea in 2022:
- China (73.0 units)
- Japan (12.0 units)
- Sweden (10.0 units)
- Finland (7.0 units)
- Germany (5.0 units)
- Singapore (4.0 units)
- Italy (3.0 units)
- India (3.0 units)
This report provides an in-depth analysis of the self-propelled boring machinery 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 28921253 - Self-propelled boring or sinking machinery
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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