Republic of Korea - Timers - Market Analysis, Forecast, Size, Trends And Insights
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View PricingTimer Price in South Korea - 2022
Contents:
- Timer Price in South Korea (CIF) - 2022
- Timer Price in South Korea (FOB) - 2022
- Timer Imports in South Korea
- Timer Exports in South Korea
Timer Price in South Korea (CIF) - 2022
In December 2022, the average timer import price amounted to $130 per unit, shrinking by -9.9% against the previous month. In general, the import price, however, posted pronounced growth. The growth pace was the most rapid in July 2022 an increase of 219% month-to-month. Over the period under review, average import prices hit record highs at $177 per unit in April 2022; however, from May 2022 to December 2022, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In December 2022, the country with the highest price was Japan ($262 per unit), while the price for China amounted to $50.0 per unit.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by China (-3.0%).
Timer Price in South Korea (FOB) - 2022
In 2022, the average timer export price amounted to $33 per unit, reducing by -60.4% against the previous year. In general, the export price showed a abrupt shrinkage. The growth pace was the most rapid in 2017 when the average export price increased by 27%. The export price peaked at $108 per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($150 per unit), while the average price for exports to Bangladesh ($8.8 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 the United States (+2.6%), while the prices for the other major destinations experienced mixed trend patterns.
Timer Imports in South Korea
In 2022, purchases abroad of timers was finally on the rise to reach 7.5K units after two years of decline. In general, imports, however, saw a pronounced shrinkage. Imports peaked at 8.4K units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, timer imports dropped to $699K in 2022. Over the period under review, imports, however, showed a deep downturn. The smallest decline of -4.5% was in 2021. Over the period under review, imports reached the peak figure at $957K in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
| Import of Timer in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 652 | 473 | 389 | 456 | -11.2% |
| United States | 57.7 | 24.5 | 48.1 | 121 | 28.0% |
| Others | 248 | 305 | 329 | 122 | -21.1% |
| Total | 957 | 802 | 766 | 699 | -9.9% |
Top Suppliers of Timer to South Korea in 2022:
- China (7.4K units)
- United States (0.1K units)
Timer Exports in South Korea
In 2022, after two years of decline, there was significant growth in overseas shipments of timers, when their volume increased by 164% to 830 units. In general, exports showed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, timer exports reached $27K in 2022. Over the period under review, exports, however, saw a relatively flat trend pattern. Over the period under review, the exports attained the maximum at $27K in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
| Export of Timer in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 0.1 | 0.1 | 0.1 | 7.7 | 325.4% |
| United States | N/A | 0.1 | N/A | 6.5 | 706.2% |
| India | 0.1 | N/A | N/A | 4.4 | 253.0% |
| Bangladesh | N/A | N/A | N/A | 3.2 | 0% |
| Canada | N/A | N/A | 0.2 | 0.9 | 350.0% |
| Thailand | 2.8 | 0.6 | 1.0 | N/A | -40.2% |
| Argentina | 4.2 | 2.3 | 2.5 | N/A | -22.8% |
| Japan | 10.8 | 10.1 | 5.0 | N/A | -32.0% |
| Jordan | 0.8 | 0.6 | 0.6 | N/A | -13.4% |
| Morocco | 2.5 | 1.8 | 1.0 | N/A | -36.8% |
| Saudi Arabia | 0.3 | 6.4 | 4.0 | N/A | 265.1% |
| Others | 5.9 | 4.8 | 11.6 | 4.6 | -8.0% |
| Total | 27.4 | 26.8 | 26.1 | 27.3 | -0.1% |
Top Export Markets for Timer from South Korea in 2022:
- Bangladesh (360.0 units)
- India (272.0 units)
- Vietnam (109.0 units)
- United States (43.0 units)
- Canada (26.0 units)
This report provides an in-depth analysis of the timer 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 26522810 - Time-registers and time-recorders
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
345
This report provides an in-depth analysis of the timer market in Republic of Korea.
811
This report provides an in-depth analysis of the global timer market.
345
This report provides an in-depth analysis of the timer market in Republic of Korea.
811
This report provides an in-depth analysis of the global timer market.
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