Republic of Korea - Air Compressors Mounted On A Wheeled Chassis For Towing - Market Analysis, Forecast, Size, Trends And Insights
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View PricingTow-Behind Air Compressor Price in South Korea - 2022
Contents:
- Tow-Behind Air Compressor Price in South Korea (CIF) - 2022
- Tow-Behind Air Compressor Price in South Korea (FOB) - 2022
- Tow-Behind Air Compressor Imports in South Korea
- Tow-Behind Air Compressor Exports in South Korea
Tow-Behind Air Compressor Price in South Korea (CIF) - 2022
The average tow-behind air compressor import price stood at $931 per unit in 2022, declining by -3.4% against the previous year. Over the period under review, the import price continues to indicate a deep setback. The growth pace was the most rapid in 2018 an increase of 0.8%. The import price peaked at $2,419 per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from the Czech Republic ($1,109 per unit) and the Netherlands ($1,107 per unit), while the price for the United States ($915 per unit) and China ($918 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+0.6%), while the prices for the other major suppliers experienced a decline.
Tow-Behind Air Compressor Price in South Korea (FOB) - 2022
The average tow-behind air compressor export price stood at $7,379 per unit in 2022, reducing by -31% against the previous year. In general, the export price recorded a perceptible downturn. The pace of growth appeared the most rapid in 2021 an increase of 43%. The export price peaked at $12,365 per unit in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($15,228 per unit), while the average price for exports to Congo ($387 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 Poland (+86.9%), while the prices for the other major destinations experienced more modest paces of growth.
Tow-Behind Air Compressor Imports in South Korea
In 2022, tow-behind air compressor imports into South Korea fell to 25K units, waning by -1.7% on 2021. In general, imports, however, posted significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 191%. As a result, imports attained the peak of 25K units, and then reduced modestly in the following year.
In value terms, tow-behind air compressor imports fell to $23M in 2022. Overall, imports, however, enjoyed prominent growth. The most prominent rate of growth was recorded in 2021 when imports increased by 145%. As a result, imports attained the peak of $24M, and then shrank in the following year.
| Import of Tow-Behind Air Compressor in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 11.0 | 5.5 | 17.7 | 12.0 | 2.9% |
| China | 0.3 | 0.9 | 2.8 | 5.0 | 155.4% |
| United States | 1.3 | 2.2 | 1.1 | 3.1 | 33.6% |
| Czech Republic | N/A | 0.2 | 0.9 | 1.0 | 123.6% |
| Japan | 0.5 | 0.6 | 1.1 | 0.8 | 17.0% |
| Others | 0.8 | 0.6 | 0.5 | 1.0 | 7.7% |
| Total | 13.9 | 9.8 | 24.1 | 22.8 | 17.9% |
Top Suppliers of Tow-Behind Air Compressor to South Korea in 2022:
- Belgium (13.1K units)
- China (5.4K units)
- United States (3.4K units)
- Czech Republic (0.9K units)
- Japan (0.9K units)
Tow-Behind Air Compressor Exports in South Korea
In 2022, after three years of growth, there was significant decline in shipments abroad of air compressors mounted on a wheeled chassis for towing, when their volume decreased by -8.4% to 163 units. In general, total exports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +18.1% 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 2019 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 36% against the previous year. As a result, the exports attained the peak of 178 units, and then shrank in the following year.
In value terms, tow-behind air compressor exports dropped notably to $1.2M in 2022. Overall, exports, however, showed a remarkable increase. The most prominent rate of growth was recorded in 2021 with an increase of 94%. As a result, the exports attained the peak of $1.9M, and then fell notably in the following year.
| Export of Tow-Behind Air Compressor in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Iraq | 0.3 | N/A | N/A | 320 | 921.7% |
| Pakistan | 11.6 | 63.5 | 262 | 227 | 169.5% |
| Morocco | N/A | 124 | 314 | 170 | 17.1% |
| Japan | 47.0 | 130 | 219 | 114 | 34.4% |
| Thailand | 30.0 | 31.1 | 18.0 | 59.4 | 25.6% |
| Poland | 0.4 | 0.1 | N/A | 48.2 | 393.9% |
| United Kingdom | N/A | N/A | 1.1 | 45.7 | 4054.5% |
| Taiwan (Chinese) | N/A | N/A | 1.7 | 42.7 | 2411.8% |
| Netherlands | 45.0 | 24.8 | 27.3 | 36.4 | -6.8% |
| Vietnam | 292 | 19.1 | 22.5 | 27.6 | -54.4% |
| Germany | 206 | 107 | 92.9 | 2.3 | -77.6% |
| Myanmar | 68.2 | 90.1 | 34.2 | N/A | -29.2% |
| Saudi Arabia | N/A | 98.3 | 17.2 | N/A | -82.5% |
| Others | 336 | 295 | 893 | 110 | -31.1% |
| Total | 1,036 | 983 | 1,904 | 1,203 | 5.1% |
Top Export Markets for Tow-Behind Air Compressor from South Korea in 2022:
- United Kingdom (39.0 units)
- Iraq (25.0 units)
- Taiwan (Chinese) (24.0 units)
- Pakistan (18.0 units)
- Morocco (13.0 units)
- Japan (9.0 units)
- Thailand (5.0 units)
- Poland (4.0 units)
- Netherlands (3.0 units)
- Vietnam (2.0 units)
- Germany (1.0 units)
This report provides an in-depth analysis of the tow-behind air compressor 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 28132400 - Air compressors mounted on a wheeled chassis for towing
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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