Republic of Korea - Threshing Machinery Except Combine Harvester-Threshers - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Apr 8, 2024

Republic of Korea - Threshing Machinery Except Combine Harvester-Threshers - Market Analysis, Forecast, Size, Trends and Insights

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Threshing Machinery Price in South Korea - 2022

Contents:

  1. Threshing Machinery Price in South Korea (FOB) - 2022
  2. Threshing Machinery Price in South Korea (CIF) - 2022
  3. Threshing Machinery Exports in South Korea
  4. Threshing Machinery Imports in South Korea

Threshing Machinery Price in South Korea (FOB) - 2022

The average threshing machinery export price stood at $2,830 per unit in 2022, with a decrease of -5.7% against the previous year. Over the period under review, the export price continues to indicate a noticeable reduction. The pace of growth appeared the most rapid in 2013 an increase of 35% against the previous year. The export price peaked at $5,793 per unit in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Egypt ($8,335 per unit), while the average price for exports to Nigeria ($264 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 Egypt (+17.6%), while the prices for the other major destinations experienced a decline.

Threshing Machinery Price in South Korea (CIF) - 2022

In 2022, the average threshing machinery import price amounted to $3,650 per unit, picking up by 15% against the previous year. In general, the import price, however, recorded a abrupt decline. The most prominent rate of growth was recorded in 2018 an increase of 20%. Over the period under review, average import prices hit record highs at $8,256 per unit in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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 Turkey ($6,478 per unit), while the price for China ($2,260 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+59.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Threshing Machinery Exports in South Korea

In 2022, shipments abroad of threshing machinery except combine harvester-threshers was finally on the rise to reach 642 units for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, faced a deep reduction. The exports peaked at 951 units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, threshing machinery exports surged to $1.8M in 2022. Over the period under review, exports, however, showed a deep slump. The exports peaked at $2.5M in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Export of Threshing Machinery in South Korea (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China1,119893617775-11.5%
Egypt46.048.149.050.02.8%
Ecuador21.918.715.513.0-16.0%
Pakistan3.84.24.54.88.1%
Nigeria6.75.54.33.4-20.2%
Others1,3141,109865970-9.6%
Total2,5112,0781,5551,817-10.2%

Top Export Markets for Threshing Machinery from South Korea in 2022:

  1. China (256.0 units)
  2. Ecuador (18.0 units)
  3. Nigeria (13.0 units)
  4. Pakistan (12.0 units)
  5. Egypt (6.0 units)

Threshing Machinery Imports in South Korea

In 2022, approx. 157 units of threshing machinery except combine harvester-threshers were imported into South Korea; dropping by -7.6% against the previous year's figure. Overall, imports showed a deep downturn. The most prominent rate of growth was recorded in 2021 with an increase of 16%. Over the period under review, imports hit record highs at 203 units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, threshing machinery imports amounted to $573K in 2022. In general, imports continue to indicate a deep reduction. Over the period under review, imports hit record highs at $873K in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Import of Threshing Machinery in South Korea (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Japan348191172178-20.0%
China52.347.245.745.2-4.7%
TurkeyN/A2.5N/A13.0128.0%
Thailand9.88.76.96.2-14.2%
Others463355316330-10.7%
Total873605541573-13.1%

Top Suppliers of Threshing Machinery to South Korea in 2022:

  1. Japan (52.0 units)
  2. China (20.0 units)
  3. Turkey (2.0 units)
  4. Thailand (1.0 units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the threshing 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 28305930 - Agricultural threshing machinery (excluding combine harvester-threshers)

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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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. 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. 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. 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. 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. 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. 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. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. 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
  12. 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
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