Republic of Korea - Vacuum Pumps - Market Analysis, Forecast, Size, Trends and Insights
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View PricingVacuum Pump Price in South Korea - 2022
Contents:
- Vacuum Pump Price in South Korea (FOB) - 2022
- Vacuum Pump Price in South Korea (CIF) - 2022
- Vacuum Pump Exports in South Korea
- Vacuum Pump Imports in South Korea
Vacuum Pump Price in South Korea (FOB) - 2022
In December 2022, the average vacuum pump export price amounted to $134 per unit, growing by 10% against the previous month. Overall, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in July 2022 when the average export price increased by 11% m-o-m. The export price peaked at $140 per unit in February 2022; however, from March 2022 to December 2022, the export prices remained at a lower figure.
Average prices varied somewhat for the major foreign markets. In December 2022, the countries with the highest prices were Ireland ($164 per unit) and Singapore ($163 per unit), while the average price for exports to China ($122 per unit) and Japan ($136 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 the United States (+0.0%), while the prices for the other major destinations experienced a decline.
Vacuum Pump Price in South Korea (CIF) - 2022
In December 2022, the average vacuum pump import price amounted to $181 per unit, jumping by 33% against the previous month. Overall, the import price, however, continues to indicate a relatively flat trend pattern. Over the period under review, average import prices reached the maximum at $189 per unit in December 2021; however, from January 2022 to December 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($568 per unit), while the price for China ($72.5 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 Switzerland (+0.4%), while the prices for the other major suppliers experienced a decline.
Vacuum Pump Exports in South Korea
Vacuum pump exports from South Korea surged to 1.5M units in 2022, rising by 64% compared with 2021 figures. In general, exports showed prominent growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, vacuum pump exports skyrocketed to $535M in 2022. The total export value increased at an average annual rate of +7.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when exports increased by 21%. The exports peaked in 2022 and are likely to continue growth in years to come.
| Export of Vacuum Pump in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 214 | 169 | 215 | 212 | -0.3% |
| United States | 66.0 | 42.4 | 69.6 | 90.8 | 11.2% |
| Taiwan (Chinese) | 67.7 | 67.6 | 63.2 | 85.4 | 8.0% |
| Singapore | 12.4 | 16.8 | 20.6 | 37.4 | 44.5% |
| Japan | 16.4 | 22.2 | 17.4 | 23.1 | 12.1% |
| Ireland | 1.0 | 0.4 | 6.0 | 20.1 | 171.9% |
| Germany | 2.2 | 2.0 | 6.1 | 6.0 | 39.7% |
| Vietnam | 3.2 | 4.5 | 2.2 | 5.7 | 21.2% |
| Slovakia | 0.2 | 2.3 | 2.6 | 3.1 | 149.3% |
| Czech Republic | 10.3 | 12.4 | 1.2 | 0.5 | -63.5% |
| Others | 34.5 | 26.6 | 39.1 | 50.3 | 13.4% |
| Total | 428 | 366 | 443 | 535 | 7.7% |
Top Export Markets for Vacuum Pump from South Korea in 2022:
- China (438.5K units)
- Taiwan (Chinese) (402.1K units)
- Slovakia (187.0K units)
- Japan (108.8K units)
- Singapore (100.7K units)
- Ireland (94.8K units)
- United States (28.5K units)
- Germany (28.2K units)
- Vietnam (27.1K units)
- Czech Republic (2.4K units)
Vacuum Pump Imports in South Korea
In 2022, approx. 1.9M units of vacuum pumps were imported into South Korea; rising by 31% against the previous year. Over the period under review, imports posted a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 44%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the immediate term.
In value terms, vacuum pump imports expanded sharply to $328M in 2022. Overall, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +16.3% 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 +57.2% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 27%. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Vacuum Pump in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 89.0 | 128 | 154 | 154 | 20.1% |
| Germany | 24.1 | 25.1 | 27.5 | 33.0 | 11.0% |
| France | 17.8 | 27.1 | 42.3 | 31.7 | 21.2% |
| United States | 12.8 | 12.7 | 20.2 | 28.6 | 30.7% |
| China | 24.4 | 16.0 | 27.6 | 26.6 | 2.9% |
| United Kingdom | 0.9 | 1.0 | 1.2 | 1.5 | 18.6% |
| Others | 39.8 | 34.7 | 37.7 | 52.6 | 9.7% |
| Total | 209 | 245 | 311 | 328 | 16.2% |
Top Suppliers of Vacuum Pump to South Korea in 2022:
- China (827.2K units)
- United States (538.6K units)
- Japan (336.1K units)
- France (72.7K units)
- Germany (71.9K units)
- United Kingdom (30.2K units)
This report provides an in-depth analysis of the vacuum pump 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 28132170 - Rotary piston vacuum pumps, sliding vane rotary pumps, m olecular drag pumps, Roots pumps, diffusion pumps, c ryopumps and adsorption pumps
- Prodcom 28132190 - Liquid ring
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
- 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
-
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
-
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
-
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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