Republic of Korea: Intake Air Filter Market 2024

Intake Air Filter Market Size in Republic of Korea

The South Korean intake air filter market rose slightly to $X in 2022, increasing by X% against the previous year. In general, the total consumption indicated strong growth 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. Intake air filter consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Intake Air Filter Production in Republic of Korea

In value terms, intake air filter production rose modestly to $X in 2022 estimated in export price. In general, the total production indicated measured growth 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, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% against the previous year. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

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Intake Air Filter Exports

Exports from Republic of Korea

In 2022, overseas shipments of intake air filters for internal combustion engines increased by X% to X units, rising for the second year in a row after four years of decline. In general, exports, however, recorded a abrupt downturn. The most prominent rate of growth was recorded in 2013 when exports increased by X%. As a result, the exports reached the peak of X units. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, intake air filter exports soared to $X in 2022. Over the period under review, total exports indicated a perceptible 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, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of X%. The exports peaked in 2022 and are likely to see gradual growth in the near future.

Exports by Country

Indonesia (X units) was the main destination for intake air filter exports from South Korea, accounting for a X% share of total exports. Moreover, intake air filter exports to Indonesia exceeded the volume sent to the second major destination, the United States (X units), twofold. Slovakia (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 Indonesia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Slovakia (X% per year).

In value terms, Indonesia ($X) emerged as the key foreign market for intake air filters for internal combustion engines exports from South Korea, comprising X% of total exports. The second position in the ranking was held by the United States ($X), with an X% share of total exports. It was followed by Slovakia, with a X% share.

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

Export Prices by Country

The average intake air filter export price stood at $X per unit in 2022, with an increase of X% against the previous year. Over the period under review, the export price recorded prominent growth. The pace of growth appeared the most rapid in 2018 when the average export price increased by X%. The export price peaked in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($X per unit), while the average price for exports to Myanmar ($X per unit) was amongst the lowest.

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

Intake Air Filter Imports

Imports into Republic of Korea

Intake air filter imports into South Korea was estimated at X units in 2022, surging by X% compared with the year before. In general, imports showed strong growth. The pace of growth appeared the most rapid in 2021 when imports increased by X%. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, intake air filter imports rose notably to $X in 2022. Over the period under review, imports posted a buoyant increase. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

The United States (X units), China (X units) and Germany (X units) were the main suppliers of intake air filter imports to South Korea, together comprising X% of total imports. Turkey, the UK, Japan, India, Mexico, the Czech Republic and the Philippines lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest intake air filter suppliers to South Korea were the United States ($X), China ($X) and Germany ($X), with a combined X% share of total imports. Turkey, the UK, Japan, India, Mexico, the Czech Republic and the Philippines lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, Turkey, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average intake air filter import price amounted to $X per unit, remaining stable against the previous year. In general, the import price continues to indicate a slight curtailment. The growth pace was the most rapid in 2018 an increase of X% against the previous year. Over the period under review, average import prices reached the maximum at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Japan ($X per unit) and Germany ($X per unit), while the price for the UK ($X per unit) and the United States ($X per unit) were amongst the lowest.

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

Source: IndexBox Platform

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