Republic of Korea - Cargo Trailers and Semi-Trailers - Market Analysis, Forecast, Size, Trends And Insights
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View PricingTrailer and Semi-Trailer Price in South Korea - 2022
Contents:
- Trailer and Semi-Trailer Price in South Korea (CIF) - 2022
- Trailer and Semi-Trailer Price in South Korea (FOB) - 2022
- Trailer and Semi-Trailer Imports in South Korea
- Trailer and Semi-Trailer Exports in South Korea
Trailer and Semi-Trailer Price in South Korea (CIF) - 2022
In December 2022, the average trailer and semi-trailer import price amounted to $13,046 per unit, which is down by -29.3% against the previous month. Over the period under review, the import price recorded a noticeable decrease. The pace of growth was the most pronounced in November 2022 when the average import price increased by 125% month-to-month. The import price peaked at $21,304 per unit in December 2021; afterwards, it flattened through to December 2022.
There were significant differences in the average prices amongst the major supplying countries. In December 2022, the country with the highest price was the UK ($22,792 per unit), while the price for China ($3,033 per unit) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by Israel (0.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Trailer and Semi-Trailer Price in South Korea (FOB) - 2022
The average trailer and semi-trailer export price stood at $19,748 per unit in December 2022, remaining relatively unchanged against the previous month. Over the last twelve months, it increased at an average monthly rate of +4.1%. The pace of growth appeared the most rapid in January 2022 when the average export price increased by 62% against the previous month. The export price peaked at $19,793 per unit in October 2022; afterwards, it flattened through to December 2022.
Average prices varied noticeably for the major external markets. In December 2022, the highest price was recorded for prices to Iraq ($19,794 per unit) and the United States ($19,793 per unit), while the average price for exports to Mongolia ($19,447 per unit) and the Philippines ($19,592 per unit) were amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to Nigeria (+0.4%), while the prices for the other major destinations experienced more modest paces of growth.
Trailer and Semi-Trailer Imports in South Korea
After two years of decline, overseas purchases of cargo trailers and semi-trailers increased by 49% to 1.6K units in 2022. In general, imports, however, showed a relatively flat trend pattern. Over the period under review, imports hit record highs at 1.6K units in 2019; afterwards, it flattened through to 2022.
In value terms, trailer and semi-trailer imports surged to $19M in 2022. The total import value increased at an average annual rate of +9.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
Import of Trailer and Semi-Trailer in South Korea (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Turkey | 3.7 | 5.4 | 9.4 | 8.3 | 30.9% |
United States | 4.9 | 3.2 | 1.9 | 3.6 | -9.8% |
China | 1.9 | 1.3 | 1.9 | 2.1 | 3.4% |
Luxembourg | 0.4 | N/A | 0.6 | 1.3 | 48.1% |
Malaysia | N/A | N/A | N/A | 0.9 | 0% |
Poland | 0.7 | 0.4 | 0.3 | 0.7 | 0.0% |
Germany | 1.6 | 3.2 | 0.6 | 0.7 | -24.1% |
Israel | N/A | N/A | N/A | 0.3 | 0% |
Others | 1.3 | 1.7 | 1.0 | 1.3 | 0.0% |
Total | 14.6 | 15.4 | 15.6 | 19.2 | 9.6% |
Top Suppliers of Trailer and Semi-Trailer to South Korea in 2022:
- China (485.0 units)
- Turkey (364.0 units)
- United States (330.0 units)
- Malaysia (94.0 units)
- Poland (64.0 units)
- Israel (59.0 units)
- Luxembourg (58.0 units)
- Germany (47.0 units)
Trailer and Semi-Trailer Exports in South Korea
In 2022, approx. 2.7K units of cargo trailers and semi-trailers were exported from South Korea; rising by 36% compared with 2021 figures. Overall, total exports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +6.0% 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 +59.3% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, trailer and semi-trailer exports skyrocketed to $9.9M in 2022. Over the period under review, exports, however, faced a deep contraction. Over the period under review, the exports attained the maximum at $17M in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
Export of Trailer and Semi-Trailer in South Korea (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Japan | 4.6 | 3.7 | 3.4 | 2.9 | -14.3% |
Kuwait | N/A | N/A | N/A | 2.3 | 0% |
Myanmar | N/A | N/A | N/A | 0.6 | 0% |
Philippines | 0.6 | 0.4 | 0.6 | 0.5 | -5.9% |
Russia | 0.4 | N/A | N/A | 0.4 | 0.0% |
Cambodia | 2.4 | 0.9 | 0.2 | 0.1 | -65.3% |
Vietnam | 1.1 | N/A | 1.4 | N/A | 12.8% |
Mongolia | N/A | 0.1 | 0.1 | N/A | 0.0% |
Angola | 4.7 | N/A | N/A | N/A | 0% |
Others | 3.5 | 4.1 | 2.3 | 3.2 | -2.9% |
Total | 17.3 | 9.2 | 8.0 | 9.9 | -17.0% |
Top Export Markets for Trailer and Semi-Trailer from South Korea in 2022:
- Philippines (1592.0 units)
- Myanmar (363.0 units)
- Kuwait (173.0 units)
- Japan (155.0 units)
- Russia (84.0 units)
- Cambodia (83.0 units)
- Mongolia (63.0 units)
This report provides an in-depth analysis of the trailer and semi-trailer 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 29202300 - Other trailers and semi-trailers for the transport of goods
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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In 2016, the amount of trailer imported worldwide totaled X tons, ascending by X% against the previous year level. In general, trailer imports continue to indicate a relatively flat trend pattern. ...
In 2016, the amount of trailer imported worldwide totaled X tons, ascending by X% against the previous year level. In general, trailer imports continue to indicate a relatively flat trend pattern. ...
The U.S. seized control of the trailer and semi-trailer trade. In 2014, the U.S. exported X thousand units of trailers and semi-trailers totaling X billion USD, X% over the previous year. Its primary trading partner was Canada, where it supplied X% o
Discover the leading countries importing trailers and semi-trailers with high import values. Analyze the key statistics and market insights.
Learn about the top import markets for camping trailers, including Canada, Australia, and the Netherlands. Discover key statistics and market insights.
In 2016, the amount of trailer imported worldwide totaled X tons, ascending by X% against the previous year level. In general, trailer imports continue to indicate a relatively flat trend pattern. ...
In 2016, the amount of trailer imported worldwide totaled X tons, ascending by X% against the previous year level. In general, trailer imports continue to indicate a relatively flat trend pattern. ...
The U.S. seized control of the trailer and semi-trailer trade. In 2014, the U.S. exported X thousand units of trailers and semi-trailers totaling X billion USD, X% over the previous year. Its primary trading partner was Canada, where it supplied X% o