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Republic of Korea - Lathes For Removing Metal - Market Analysis, Forecast, Size, Trends and Insights
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Republic of Korea: Overview of the Market for Lathes For Removing Metal 2021

Market Size for Lathes For Removing Metal in Republic of Korea

The South Korean lathe for removing metal market soared to $X in 2020, jumping by X% against the previous year. In general, consumption, however, continues to indicate a drastic downturn. The growth pace was the most rapid in 2010 with an increase of X% year-to-year. As a result, consumption attained the peak level of $X. From 2011 to 2020, the growth of the market failed to regain the momentum.

Production of Lathes For Removing Metal in Republic of Korea

In value terms, lathe for removing metal production fell rapidly to $X in 2020 estimated in export prices. In general, production continues to indicate a mild downturn. The most prominent rate of growth was recorded in 2010 with an increase of X% y-o-y. Lathe for removing metal production peaked at $X in 2011; however, from 2012 to 2020, production remained at a lower figure.

Exports of Lathes For Removing Metal

Exports from Republic of Korea

In 2020, shipments abroad of lathes for removing metal decreased by -X% to X units, falling for the second consecutive year after two years of growth. In general, exports, however, saw measured growth. The pace of growth appeared the most rapid in 2018 when exports increased by X% against the previous year. As a result, exports attained the peak of X units. From 2019 to 2020, the growth exports remained at a lower figure.

In value terms, lathe for removing metal exports shrank dramatically to $X in 2020. Over the period under review, exports, however, recorded a noticeable descent. The growth pace was the most rapid in 2011 when exports increased by X% against the previous year. Exports peaked at $X in 2018; however, from 2019 to 2020, exports failed to regain the momentum.

Exports by Country

The U.S. (X units), China (X units) and Germany (X units) were the main destinations of lathe for removing metal exports from South Korea, with a combined X% share of total exports. These countries were followed by Turkey, Italy, Japan, Russia, Poland, India, Viet Nam, the United Arab Emirates, the UK and Switzerland, which together accounted for a further X 2007 to 2020, the biggest increases were in Poland (+X% per year), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for lathe for removing metal exported from South Korea were the U.S. ($X), Germany ($X) and China ($X), together comprising X% of total exports. These countries were followed by Italy, Turkey, Viet Nam, Russia, Poland, India, the UK, Japan, Switzerland and the United Arab Emirates, which together accounted for a further X (+X% per year) recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average lathe for removing metal export price stood at $X per unit in 2020, which is down by -X% against the previous year. Over the period under review, the export price recorded a abrupt descent. The most prominent rate of growth was recorded in 2011 when the average export price increased by X% against the previous year. Over the period under review, average export prices reached the maximum at $X per unit in 2012; however, from 2013 to 2020, export prices remained at a lower figure.

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

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates, while the prices for the other major destinations experienced more modest paces of growth.

Imports of Lathes For Removing Metal

Imports into Republic of Korea

After three years of decline, overseas purchases of lathes for removing metal increased by X% to X units in 2020. In general, imports, however, continue to indicate a abrupt slump. The growth pace was the most rapid in 2011 with an increase of X% year-to-year. Imports peaked at X units in 2009; however, from 2010 to 2020, imports stood at a somewhat lower figure.

In value terms, lathe for removing metal imports dropped remarkably to $X in 2020. Over the period under review, imports, however, saw a abrupt curtailment. The growth pace was the most rapid in 2008 when imports increased by X% y-o-y. As a result, imports reached the peak of $X. From 2009 to 2020, the growth imports remained at a lower figure.

Imports by Country

In 2020, Japan (X units) constituted the largest lathe for removing metal supplier to South Korea, with a X% share of total imports. Moreover, lathe for removing metal imports from Japan exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X units), fivefold. Germany (X units) ranked third in terms of total imports with a X% share.

From 2007 to 2020, the average annual growth rate of volume from Japan amounted to -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-X% per year) and Germany (-X% per year).

In value terms, Japan ($X) constituted the largest supplier of lathe for removing metal to South Korea, comprising X% of total imports. The second position in the ranking was occupied by China ($X), with a X% share of total imports. It was followed by Thailand, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value from Japan totaled -X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-X% per year) and Thailand (+X% per year).

Import Prices by Country

In 2020, the average lathe for removing metal import price amounted to $X per unit, declining by -X% against the previous year. Overall, the import price, however, recorded a tangible expansion. The most prominent rate of growth was recorded in 2010 an increase of X% against the previous year. The import price peaked at $X per unit in 2018; however, from 2019 to 2020, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Thailand ($X per unit), while the price for Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by China, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for lathes for removing metal in the world?
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The countries with the highest volumes of lathe for removing metal consumption in 2020 were India (73K units), China (59K units) and the U.S. (29K units), together accounting for 48% of global consumption. Japan, Pakistan, Germany, France, the United Arab Emirates, Spain, the UK, Mexico, Italy and Russia lagged somewhat behind, together comprising a further 24%.
What are the largest producers of lathes for removing metal in the world?
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The countries with the highest volumes of lathe for removing metal production in 2020 were India (89K units), China (67K units) and Japan (19K units), with a combined 60% share of global production. These countries were followed by the U.S., South Korea, Taiwan (Chinese), France, Pakistan, Germany and the UK, which together accounted for a further 22%.
What are the leading suppliers of lathes for removing metal to Republic of Korea?
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In value terms, Japan ($33M) constituted the largest supplier of lathe for removing metal to South Korea, comprising 48% of total imports. The second position in the ranking was occupied by China ($11M), with a 15% share of total imports. It was followed by Thailand, with a 13% share.
What are the leading importers of lathes for removing metal from Republic of Korea?
+
In value terms, the largest markets for lathe for removing metal exported from South Korea were the U.S. ($96M), Germany ($52M) and China ($42M), with a combined 43% share of total exports. Italy, Turkey, Viet Nam, Russia, Poland, India, the UK, Japan, Switzerland and the United Arab Emirates lagged somewhat behind, together accounting for a further 32%.
What is the average export price for lathes for removing metal in Republic of Korea?
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In 2020, the average lathe for removing metal export price amounted to $35,934 per unit, waning by -31.8% against the previous year.
What is the average import price for lathes for removing metal in Republic of Korea?
+
In 2020, the average lathe for removing metal import price amounted to $126,787 per unit, declining by -32% against the previous year.

Product coverage:
• Prodcom 28412123 - Numerically controlled horizontal lathes, turning centres, for removing metal
• Prodcom 28412127 - Numerically controlled horizontal lathes, automatic lathes, for removing metal (excluding turning centres)
• Prodcom 28412129 - Numerically controlled horizontal lathes, for removing metal (excluding turning centres, automatic lathes)
• Prodcom 28412140 - Non-numerically controlled horizontal lathes, for removing metal
• Prodcom 28412160 - Lathes, including turning centres, for removing metal (excluding horizontal lathes)

This report provides an in-depth analysis of the market for lathe for removing metal 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 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
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 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
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, 2007–2020
Figure 21:
Production, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, 2007–2020
Figure 23:
Imports, In Value Terms, 2007–2020
Figure 24:
Imports, In Physical Terms, By Country, 2020
Figure 25:
Imports, In Physical Terms, By Country, 2007–2020
Figure 26:
Imports, In Value Terms, By Country, 2007–2020
Figure 27:
Import Prices, By Country Of Origin, 2007–2020
Figure 28:
Exports, In Physical Terms, 2007–2020
Figure 29:
Exports, In Value Terms, 2007–2020
Figure 30:
Exports, In Physical Terms, By Country, 2020
Figure 31:
Exports, In Physical Terms, By Country, 2007–2020
Figure 32:
Exports, In Value Terms, By Country, 2007–2020
Figure 33:
Export Prices, By Country Of Destination, 2007–2020

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