Republic of Korea: Liquid Supply Meter Market 2024

Liquid Supply Meter Market Size in Republic of Korea

In 2022, after three years of decline, there was growth in the South Korean liquid supply meter market, when its value increased by X% to $X. Over the period under review, consumption showed a abrupt setback. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

Liquid Supply Meter Exports

Exports from Republic of Korea

In 2022, shipments abroad of liquid supply or production meters decreased by X% to X units, falling for the third year in a row after two years of growth. Overall, exports, however, showed a perceptible increase. The most prominent rate of growth was recorded in 2013 when exports increased by X%. The exports peaked at X units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, liquid supply meter exports soared to $X in 2022. In general, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X%. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Vietnam (X units) was the main destination for liquid supply meter exports from South Korea, accounting for a X% share of total exports. Moreover, liquid supply meter exports to Vietnam exceeded the volume sent to the second major destination, Taiwan (Chinese) (X units), fourfold. Japan (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Vietnam amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (X% per year) and Japan (X% per year).

In value terms, the United States ($X) remains the key foreign market for liquid supply or production meters exports from South Korea, comprising X% of total exports. The second position in the ranking was taken by China ($X), with an X% share of total exports. It was followed by Uzbekistan, 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 Uzbekistan (X% per year).

Export Prices by Country

In 2022, the average liquid supply meter export price amounted to $X per unit, jumping by X% against the previous year. In general, the export price, however, continues to indicate a pronounced decrease. The growth pace was the most rapid in 2020 when the average export price increased by X%. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Vietnam ($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 Chile (X%), while the prices for the other major destinations experienced more modest paces of growth.

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Liquid Supply Meter Imports

Imports into Republic of Korea

In 2022, supplies from abroad of liquid supply or production meters decreased by X% to X units, falling for the third year in a row after three years of growth. Over the period under review, imports showed a abrupt downturn. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, imports hit record highs at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, liquid supply meter imports rose remarkably to $X in 2022. In general, imports saw a deep setback. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest liquid supply meter supplier to South Korea, accounting for a X% share of total imports. Moreover, liquid supply meter imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), fourfold. The third position in this ranking was taken by Poland (X units), with an X% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Poland (X% per year).

In value terms, the United States ($X) constituted the largest supplier of liquid supply or production meters to South Korea, comprising X% of total imports. The second position in the ranking was held by China ($X), with a X% share of total imports. It was followed by Japan, with an X% share.

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

Import Prices by Country

In 2022, the average liquid supply meter import price amounted to $X per unit, rising by X% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per unit. From 2015 to 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per unit), while the price for Poland ($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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