Report Republic of Korea - Iron or Steel Gas Domestic Appliances - Market Analysis, Forecast, Size, Trends and Insights for 499$
Latest Report Update: Aug 27, 2022

Republic of Korea - Iron or Steel Gas Domestic Appliances - Market Analysis, Forecast, Size, Trends and Insights
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Republic of Korea: Metal Gas Appliances Market 2022

Metal Gas Appliances Market Size in Republic of Korea

The South Korean metal gas appliances market skyrocketed to $X in 2021, with an increase of X% against the previous year. In general, consumption, however, saw a slight decline. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Metal Gas Appliances Production in Republic of Korea

In value terms, metal gas appliances production soared to $X in 2021 estimated in export price. In general, production showed a relatively flat trend pattern. Metal gas appliances production peaked at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Metal Gas Appliances Exports

Exports from Republic of Korea

In 2021, exports of iron or steel gas domestic appliances from South Korea skyrocketed to X units, with an increase of X% against 2020 figures. Over the period under review, exports, however, faced a abrupt decrease. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, metal gas appliances exports expanded remarkably to $X in 2021. In general, exports, however, saw a pronounced contraction. The most prominent rate of growth was recorded in 2016 with an increase of X%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Myanmar (X units) was the main destination for metal gas appliances exports from South Korea, with a approx. X% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Myanmar stood at +X%.

In value terms, Myanmar ($X) also remains the key foreign market for metal gas appliances exports from South Korea.

From 2012 to 2021, the average annual growth rate of value to Myanmar amounted to +X%.

Export Prices by Country

The average metal gas appliances export price stood at $X per unit in 2021, shrinking by -X% against the previous year. In general, the export price, however, enjoyed a resilient expansion. The pace of growth was the most pronounced in 2016 when the average export price increased by X%. The export price peaked at $X per unit in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Myanmar.

From 2012 to 2021, the rate of growth in terms of prices for Myanmar amounted to -X% per year.

Metal Gas Appliances Imports

Imports into Republic of Korea

In 2021, imports of iron or steel gas domestic appliances into South Korea soared to X units, picking up by X% compared with 2020. Over the period under review, imports recorded a significant increase. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at X units in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, metal gas appliances imports amounted to $X in 2021. Overall, imports enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, China (X units) constituted the largest metal gas appliances supplier to South Korea, accounting for a X% share of total imports. Moreover, metal gas appliances imports from China exceeded the figures recorded by the second-largest supplier, the Netherlands (X units), fivefold. Taiwan (Chinese) (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2021, 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 Netherlands (+X% per year) and Taiwan (Chinese) (X% per year).

In value terms, China ($X) constituted the largest supplier of metal gas appliances to South Korea, comprising X% of total imports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a X% share of total imports. It was followed by the Netherlands, with a X% share.

From 2012 to 2021, the average annual growth rate of value from China totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (X% per year) and the Netherlands (+X% per year).

Import Prices by Country

The average metal gas appliances import price stood at $X per unit in 2021, with a decrease of -X% against the previous year. Overall, the import price recorded a noticeable slump. The growth pace was the most rapid in 2016 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per unit. From 2017 to 2021, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Poland ($X per unit), while the price for the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2021, 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

Base Year Historical Period Forecast Period Units
2021 2007-2021 2022-2030 US$, Tons

Frequently Asked Questions (FAQ) :

What are the largest markets for iron or steel gas domestic appliances in the world?
+
The countries with the highest volumes of in 2021 were Germany, the United States and China, together comprising 38% of global consumption. These countries were followed by India, Brazil, France, South Africa, Russia, Japan, Indonesia, Bangladesh, Mexico and Ireland, which together accounted for a further 28%.
What are the largest producers of iron or steel gas domestic appliances in the world?
+
China constituted the country with the largest volume of metal gas appliances production, comprising approx. 35% of total volume. Moreover, metal gas appliances production in China exceeded the figures recorded by the second-largest producer, India, fourfold. The third position in this ranking was taken by Brazil, with a 4.3% share.
What are the leading suppliers of iron or steel gas domestic appliances to Republic of Korea?
+
In value terms, China constituted the largest supplier of metal gas appliances to South Korea, comprising 85% of total imports. The second position in the ranking was held by Taiwan Chinese), with a 4.3% share of total imports. It was followed by the Netherlands, with a 3.5% share.
What are the leading importers of iron or steel gas domestic appliances from Republic of Korea?
+
In value terms, Myanmar remains the key foreign market for metal gas appliances exports from South Korea.
What is the average export price for iron or steel gas domestic appliances in Republic of Korea?
+
The average metal gas appliances export price stood at $116 per unit in 2021, with a decrease of -17.4% against the previous year.
What is the average import price for iron or steel gas domestic appliances in Republic of Korea?
+
In 2021, the average metal gas appliances import price amounted to $102 per unit, which is down by -13.1% against the previous year.

This report provides an in-depth analysis of the metal gas appliances 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 27521234 - Iron or steel gas domestic appliances, including heaters, g rates, fires and braziers, for both gas and other fuels radiators (excluding cooking appliances and plate warmers )
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

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 2012–2021
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2012–2021
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 2021
Table 2:
Market Volume, In Physical Terms, 2012–2021
Table 3:
Market Value, 2012–2021
Table 4:
Per Capita Consumption In 2012–2021
Table 5:
Imports, In Physical Terms, By Country, 2012–2021
Table 6:
Imports, In Value Terms, By Country, 2012–2021
Table 7:
Import Prices, By Country Of Origin, 2012–2021
Table 8:
Exports, In Physical Terms, By Country, 2012–2021
Table 9:
Exports, In Value Terms, By Country, 2012–2021
Table 10:
Export Prices, By Country Of Destination, 2012–2021
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2021
Figure 2:
Market Value, 2012–2021
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012–2021
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012–2021
Figure 5:
Trade Balance, In Physical Terms, 2012–2021
Figure 6:
Trade Balance, In Value Terms, 2012–2021
Figure 7:
Per Capita Consumption, 2012–2021
Figure 8:
Market Forecast To 2030
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, 2012–2021
Figure 21:
Production, In Value Terms, 2012–2021
Figure 22:
Imports, In Physical Terms, 2012–2021
Figure 23:
Imports, In Value Terms, 2012–2021
Figure 24:
Imports, In Physical Terms, By Country, 2021
Figure 25:
Imports, In Physical Terms, By Country, 2012–2021
Figure 26:
Imports, In Value Terms, By Country, 2012–2021
Figure 27:
Import Prices, By Country Of Origin, 2012–2021
Figure 28:
Exports, In Physical Terms, 2012–2021
Figure 29:
Exports, In Value Terms, 2012–2021
Figure 30:
Exports, In Physical Terms, By Country, 2021
Figure 31:
Exports, In Physical Terms, By Country, 2012–2021
Figure 32:
Exports, In Value Terms, By Country, 2012–2021
Figure 33:
Export Prices, By Country Of Destination, 2012–2021
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