Latest Report Update: Jan 17, 2020

Republic of Korea - Electric Space Heating Apparatus And Soil Heating Apparatus - Market Analysis, Forecast, Size, Trends and Insights

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Republic of Korea: Electric Heating Equipment Market Overview 2020

Electric Heating Equipment Market Size in Republic of Korea

The revenue of the electric heating equipment market in South Korea amounted to $X in 2018, growing by X% against the previous year. The market value increased at an average annual rate of +X% from 2007 to 2018; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Over the period under review, the electric heating equipment market attained its maximum level in 2018 and is expected to retain its growth in the near future.

Electric Heating Equipment Production in Republic of Korea

In value terms, electric heating equipment production stood at $X in 2018 estimated in export prices. Overall, the total output indicated a temperate increase from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, electric heating equipment production increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2017 with an increase of X% year-to-year. Over the period under review, electric heating equipment production reached its maximum level in 2018 and is likely to continue its growth in the near future.

Electric Heating Equipment Exports

Exports from Republic of Korea

In 2018, approx. X units of electric space heating apparatus and soil heating apparatus were exported from South Korea; increasing by X% against the previous year. In general, electric heating equipment exports continue to indicate a measured expansion. The pace of growth appeared the most rapid in 2009 when exports increased by X% y-o-y. Exports peaked at X units in 2013; however, from 2014 to 2018, exports failed to regain their momentum.

In value terms, electric heating equipment exports stood at $X in 2018. Overall, electric heating equipment exports continue to indicate remarkable growth. The pace of growth appeared the most rapid in 2017 when exports increased by X% against the previous year. Exports peaked in 2018 and are likely to see steady growth in the immediate term.

Exports by Country

The U.S. (X units) was the main destination for electric heating equipment exports from South Korea, accounting for a X% share of total exports. Moreover, electric heating equipment exports to the U.S. exceeded the volume sent to the second major destination, China (X units), more than tenfold. The third position in this ranking was occupied by Slovakia (X units), with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of volume to the U.S. stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+X% per year) and Slovakia (+X% per year).

In value terms, the U.S. ($X) remains the key foreign market for electric heating equipment exports from South Korea, comprising X% of total electric heating equipment exports. The second position in the ranking was occupied by China ($X), with a X% share of total exports. It was followed by Finland, with a X% share.

From 2007 to 2018, the average annual growth rate of value to the U.S. stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+X% per year) and Finland (-X% per year).

Export Prices by Country

The average electric heating equipment export price stood at $X per unit in 2018, picking up by X% against the previous year. Overall, the electric heating equipment export price continues to indicate strong growth. The pace of growth appeared the most rapid in 2008 an increase of X% against the previous year. In that year, the average export prices for electric space heating apparatus and soil heating apparatus reached their peak level of $X per unit. From 2009 to 2018, the growth in terms of the average export prices for electric space heating apparatus and soil heating apparatus remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Finland ($X per unit), while the average price for exports to Japan ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to the U.S., while the prices for the other major destinations experienced more modest paces of growth.

Electric Heating Equipment Imports

Imports into Republic of Korea

Electric heating equipment imports into South Korea totaled X units in 2018, jumping by X% against the previous year. In general, electric heating equipment imports continue to indicate a strong increase. The growth pace was the most rapid in 2016 when imports increased by X% y-o-y. In that year, electric heating equipment imports reached their peak of X units. From 2017 to 2018, the growth of electric heating equipment imports failed to regain its momentum.

In value terms, electric heating equipment imports amounted to $X in 2018. Over the period under review, electric heating equipment imports continue to indicate a strong expansion. The pace of growth was the most pronounced in 2016 with an increase of X% year-to-year. Over the period under review, electric heating equipment imports attained their maximum in 2018 and are likely to continue its growth in the immediate term.

Imports by Country

In 2018, China (X units) was the main supplier of electric heating equipment to South Korea, with a approx. X% share of total imports.

From 2007 to 2018, the average annual growth rate of volume from China stood at +X%.

In value terms, China ($X) constituted the largest supplier of electric heating equipment to South Korea.

From 2007 to 2018, the average annual growth rate of value from China amounted to +X%.

Import Prices by Country

In 2018, the average electric heating equipment import price amounted to $X per unit, jumping by X% against the previous year. Overall, the electric heating equipment import price continues to indicate a perceptible increase. The most prominent rate of growth was recorded in 2017 when the average import price increased by X% year-to-year. Over the period under review, the average import prices for electric space heating apparatus and soil heating apparatus attained their maximum in 2018 and is expected to retain its growth in the near future.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2007 to 2018, the rate of growth in terms of prices for China amounted to -X% per year.

Source: IndexBox AI Platform

Product coverage:
• Prodcom 27512630 - Electric storage heating radiators
• Prodcom 27512650 - Electric radiators, convection heaters and heaters or fires with built-in fans
• Prodcom 27512690 - Other electric space heaters

This report provides an in-depth analysis of the electric heating equipment 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 2025.


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:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. 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

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2018
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2018
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2018
Table 2:
Market Volume, In Physical Terms, 2007–2018
Table 3:
Market Value, 2007–2018
Table 4:
Per Capita Consumption In 2007–2018
Table 5:
Imports, In Physical Terms, By Country, 2007–2018
Table 6:
Imports, In Value Terms, By Country, 2007–2018
Table 7:
Import Prices, By Country Of Origin, 2007–2018
Table 8:
Exports, In Physical Terms, By Country, 2007–2018
Table 9:
Exports, In Value Terms, By Country, 2007–2018
Table 10:
Export Prices, By Country Of Destination, 2007–2018
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2018
Figure 2:
Market Value, 2007–2018
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2018
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2018
Figure 5:
Trade Balance, In Physical Terms, 2007–2018
Figure 6:
Trade Balance, In Value Terms, 2007–2018
Figure 7:
Per Capita Consumption, 2007–2018
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2018
Figure 21:
Production, In Value Terms, 2007–2018
Figure 22:
Imports, In Physical Terms, 2007–2018
Figure 23:
Imports, In Value Terms, 2007–2018
Figure 24:
Imports, In Physical Terms, By Country, 2018
Figure 25:
Imports, In Physical Terms, By Country, 2007–2018
Figure 26:
Imports, In Value Terms, By Country, 2007–2018
Figure 27:
Import Prices, By Country Of Origin, 2007–2018
Figure 28:
Exports, In Physical Terms, 2007–2018
Figure 29:
Exports, In Value Terms, 2007–2018
Figure 30:
Exports, In Physical Terms, By Country, 2018
Figure 31:
Exports, In Physical Terms, By Country, 2007–2018
Figure 32:
Exports, In Value Terms, By Country, 2007–2018
Figure 33:
Export Prices, By Country Of Destination, 2007–2018

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