Report Update: May 1, 2024

Republic of Korea - Thermoforming Machines For Working Rubber Or Plastics - Market Analysis, Forecast, Size, Trends And Insights

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Thermoforming Machine Price in South Korea - 2022

Thermoforming Machine Price in South Korea (FOB) - 2022

In December 2022, the average thermoforming machine export price amounted to $53,962 per unit, with an increase of 111% against the previous month. In general, the export price continues to indicate modest growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In December 2022, the country with the highest price was China ($67,514 per unit), while the average price for exports to the United Arab Emirates ($20,732 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 Mexico (+6.7%), while the prices for the other major destinations experienced more modest paces of growth.

Thermoforming Machine Price in South Korea (CIF) - 2022

The average thermoforming machine import price stood at $22,091 per unit in 2022, picking up by 15% against the previous year. In general, the import price, however, saw a pronounced contraction. The pace of growth was the most pronounced in 2014 when the average import price increased by 40% against the previous year. Over the period under review, average import prices hit record highs at $54,115 per unit in 2015; however, from 2016 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 Japan ($69,323 per unit), while the price for the Netherlands ($394 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (-2.5%), while the prices for the other major suppliers experienced a decline.

Thermoforming Machine Exports in South Korea

In 2022, after three years of growth, there was significant decline in overseas shipments of thermoforming machines for working rubber or plastics, when their volume decreased by -31.5% to 838 units. In general, exports, however, showed significant growth. The pace of growth was the most pronounced in 2021 with an increase of 170% against the previous year. As a result, the exports attained the peak of 1.2K units, and then declined remarkably in the following year.

In value terms, thermoforming machine exports reduced to $33M in 2022. Over the period under review, total exports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +16.3% 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 +57.5% against 2019 indices. The pace of growth was the most pronounced in 2020 with an increase of 44%. The exports peaked at $36M in 2021, and then fell in the following year.

Export of Thermoforming Machine in South Korea (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Vietnam	2,329	2,809	2,680	1,498	-13.7%
Germany	615	1,277	1,767	988	17.1%
Indonesia	1,010	114	1,288	720	-10.7%
Thailand	671	10.3	1,199	670	-0.0%
Malaysia	286	224	875	489	19.6%
Japan	79.1	320	760	257	48.1%
Russia	209	309	328	184	-4.2%
Iran	112	665	370	122	2.9%
United Arab Emirates	20.2	23.5	111	62.0	45.3%
France	145	7.7	5.3	32.0	-39.6%
Kuwait	8.3	9.0	4.1	3.8	-22.9%
Singapore	0.7	5.9	3.3	1.1	16.3%
Sweden	1.3	2.4	1.9	1.1	-5.4%
Others	15,743	24,721	26,963	28,399	21.7%
Total	21,229	30,499	36,356	33,428	16.3%

Top Export Markets for Thermoforming Machine from South Korea in 2022:

Thailand (161.0 units)
Russia (133.0 units)
Vietnam (126.0 units)
Japan (74.0 units)
Kuwait (55.0 units)
Malaysia (47.0 units)
United Arab Emirates (29.0 units)
Iran (21.0 units)
Singapore (19.0 units)
Sweden (18.0 units)
Germany (17.0 units)
Indonesia (15.0 units)
France (14.0 units)

Thermoforming Machine Imports in South Korea

After three years of growth, purchases abroad of thermoforming machines for working rubber or plastics decreased by -25.8% to 538 units in 2022. Overall, imports, however, enjoyed a significant expansion. The pace of growth was the most pronounced in 2021 when imports increased by 107% against the previous year. As a result, imports reached the peak of 725 units, and then dropped notably in the following year.

In value terms, thermoforming machine imports dropped to $12M in 2022. Over the period under review, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +16.7% 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 +59.1% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 40%. As a result, imports reached the peak of $14M, and then declined in the following year.

Import of Thermoforming Machine in South Korea (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	2,775	3,475	4,535	3,583	8.9%
Japan	1,975	2,463	1,706	1,581	-7.1%
Taiwan (Chinese)	703	243	207	873	7.5%
United Kingdom	20.2	56.0	53.4	310	148.5%
Germany	209	891	3,745	136	-13.3%
France	8.0	16.0	57.7	89.2	123.4%
Saudi Arabia	47.1	23.3	29.1	70.8	14.6%
United States	56.2	361	243	60.1	2.3%
Netherlands	0.8	10.3	7.1	16.9	176.4%
Others	1,675	2,347	3,301	5,164	45.5%
Total	7,470	9,885	13,886	11,885	16.7%

Top Suppliers of Thermoforming Machine to South Korea in 2022:

China (178.0 units)
France (102.0 units)
Germany (80.0 units)
Saudi Arabia (61.0 units)
Netherlands (43.0 units)
Japan (23.0 units)
Taiwan (Chinese) (17.0 units)
United Kingdom (10.0 units)
United States (6.0 units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the thermoforming machine 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 28961050 - Vacuum-moulding machines and other thermoforming machines for working rubber or plastics or for manufacturing rubber or plastic products

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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. 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
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. 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
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. 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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. 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
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. 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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023