Republic of Korea: Carbon Brush Market 2024

Carbon Brush Market Size in Republic of Korea

The South Korean carbon brush market expanded notably to $X in 2022, growing by X% against the previous year. In general, consumption, however, showed a abrupt slump. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Carbon Brush Production in Republic of Korea

In value terms, carbon brush production reached $X in 2022 estimated in export price. Overall, production, however, saw a perceptible curtailment. The most prominent rate of growth was recorded in 2016 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

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Carbon Brush Exports

Exports from Republic of Korea

In 2022, exports of carbon brushes from South Korea declined sharply to X tons, waning by X% compared with the previous year's figure. Overall, total exports indicated a remarkable increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, the exports reached the peak of X tons, and then dropped rapidly in the following year.

In value terms, carbon brush exports shrank to $X in 2022. Over the period under review, total exports indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. The growth pace was the most rapid in 2014 with an increase of X%. The exports peaked at $X in 2021, and then reduced in the following year.

Exports by Country

China (X tons), India (X tons) and Vietnam (X tons) were the main destinations of carbon brush exports from South Korea, with a combined X% share of total exports. Hungary, Mexico, Poland, the Czech Republic and Japan lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Poland (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, China ($X) remains the key foreign market for carbon brushes exports from South Korea, comprising X% of total exports. The second position in the ranking was taken by India ($X), with an X% share of total exports. It was followed by Vietnam, with an X% share.

From 2012 to 2022, the average annual growth rate of value to China stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (X% per year) and Vietnam (X% per year).

Export Prices by Country

The average carbon brush export price stood at $X per ton in 2022, surging by X% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. Over the period under review, the average export prices hit record highs at $X per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (X%), while the prices for the other major destinations experienced mixed trend patterns.

Carbon Brush Imports

Imports into Republic of Korea

In 2022, supplies from abroad of carbon brushes decreased by X% to X tons, falling for the second year in a row after two years of growth. In general, imports showed a deep setback. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, carbon brush imports contracted dramatically to $X in 2022. Over the period under review, imports saw a perceptible reduction. The pace of growth appeared the most rapid in 2013 when imports increased by X%. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports remained at a lower figure.

Imports by Country

China (X tons), Japan (X tons) and France (X tons) were the main suppliers of carbon brush imports to South Korea, with a combined X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for France (with a CAGR of X%), while purchases for the other leaders experienced a decline.

In value terms, Austria ($X), Japan ($X) and China ($X) constituted the largest carbon brush suppliers to South Korea, with a combined X% share of total imports. The United States, Germany, France, Italy and Mexico lagged somewhat behind, together accounting for a further X%.

France, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average carbon brush import price stood at $X per ton in 2022, stabilizing at the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2018 when the average import price increased by X%. As a result, import price reached the peak level of $X per ton. From 2019 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Austria ($X per ton), while the price for China ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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