Republic of Korea: Food Mixer Market 2024

Food Mixer Market Size in Republic of Korea

The South Korean food mixer market surged to $X in 2022, growing by X% against the previous year. In general, the total consumption indicated a slight expansion 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, consumption decreased by X% against 2020 indices. Food mixer consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Food Mixer Production in Republic of Korea

In value terms, food mixer production stood at $X in 2022 estimated in export price. Over the period under review, production recorded a noticeable reduction. The pace of growth was the most pronounced in 2019 when the production volume increased by X% against the previous year. Food mixer production peaked at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

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Food Mixer Exports

Exports from Republic of Korea

After two years of growth, shipments abroad of domestic food grinders and mixers and fruit or vegetable juice extractors decreased by X% to X units in 2022. Overall, exports continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The exports peaked at X units in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, food mixer exports dropped significantly to $X in 2022. In general, exports recorded a perceptible setback. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X units) was the main destination for food mixer exports from South Korea, accounting for a X% share of total exports. Moreover, food mixer exports to the United States exceeded the volume sent to the second major destination, China (X units), fourfold. The Netherlands (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to the United States amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (X% per year) and the Netherlands (X% per year).

In value terms, the United States ($X) remains the key foreign market for domestic food grinders and mixers and fruit or vegetable juice extractors exports from South Korea, comprising X% of total exports. The second position in the ranking was taken by China ($X), with a X% share of total exports. It was followed by the Netherlands, with a X% share.

From 2012 to 2022, the average annual growth rate of value to the United States amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (X% per year) and the Netherlands (X% per year).

Export Prices by Country

In 2022, the average food mixer export price amounted to $X per unit, growing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The export price peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Vietnam ($X per unit) and Russia ($X per unit), while the average price for exports to China ($X per unit) and France ($X per unit) were amongst the lowest.

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

Food Mixer Imports

Imports into Republic of Korea

In 2022, purchases abroad of domestic food grinders and mixers and fruit or vegetable juice extractors decreased by X% to X units, falling for the second year in a row after nine years of growth. In general, imports, however, saw a buoyant increase. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X units in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, food mixer imports fell sharply to $X in 2022. Overall, imports, however, continue to indicate resilient growth. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Imports peaked at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of food mixer to South Korea, accounting for a X% share of total imports. Moreover, food mixer imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), fourfold.

From 2012 to 2022, the average annual growth rate of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Romania (X% per year).

In value terms, China ($X) constituted the largest supplier of domestic food grinders and mixers and fruit or vegetable juice extractors to South Korea, comprising X% of total imports. The second position in the ranking was held by the United States ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Romania (X% per year).

Import Prices by Country

The average food mixer import price stood at $X per unit in 2022, with a decrease of X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The growth pace was the most rapid in 2013 an increase of X% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2021, and then shrank slightly in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per unit), while the price for China ($X per unit) 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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