Republic of Korea - Machine Tools for Working Metal - Market Analysis, Forecast, Size, Trends and Insights
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View PricingRepublic of Korea: Market for Machine Tools For Working Metal 2024
Market Size for Machine Tools For Working Metal in Republic of Korea
In 2022, the South Korean machine-tool for working metal market increased by X% to $X, rising for the second consecutive year after two years of decline. In general, consumption showed resilient growth. Machine-tool for working metal consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.
Production of Machine Tools For Working Metal in Republic of Korea
In value terms, machine-tool for working metal production fell to $X in 2022 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the production volume increased by X% against the previous year. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.
Exports of Machine Tools For Working Metal
Exports from Republic of Korea
In 2022, after two years of growth, there was significant decline in shipments abroad of machine tools for working metal, when their volume decreased by X% to X units. Overall, exports continue to indicate a abrupt shrinkage. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.
In value terms, machine-tool for working metal exports fell slightly to $X in 2022. In general, exports continue to indicate a perceptible decrease. The pace of growth appeared the most rapid in 2019 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.
Exports by Country
Turkey (X units), China (X units) and Hungary (X units) were the main destinations of machine-tool for working metal exports from South Korea, together comprising X% of total exports.
From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Hungary (with a CAGR of X%), while the other leaders experienced more modest paces of growth.
In value terms, the largest markets for machine-tool for working metal exported from South Korea were China ($X), the United States ($X) and Turkey ($X), with a combined X% share of total exports. Mexico, Hungary, India, Vietnam, Thailand, Taiwan (Chinese), Japan, Slovakia, Russia and Brazil lagged somewhat behind, together comprising a further X%.
Hungary, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of 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
In 2022, the average machine-tool for working metal export price amounted to $X per unit, picking up by X% against the previous year. Over the period under review, the export price enjoyed a buoyant expansion. The pace of growth appeared the most rapid in 2017 when the average export price increased by X%. Over the period under review, the average export prices attained the peak figure at $X per unit in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Mexico ($X per unit), while the average price for exports to Russia ($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 Mexico (X%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Machine Tools For Working Metal
Imports into Republic of Korea
In 2022, after two years of growth, there was decline in purchases abroad of machine tools for working metal, when their volume decreased by X% to X units. In general, imports recorded a abrupt slump. The most prominent rate of growth was recorded in 2020 when imports increased by X%. Over the period under review, imports reached the peak figure at X units in 2015; however, from 2016 to 2022, imports remained at a lower figure.
In value terms, machine-tool for working metal imports stood at $X in 2022. Overall, imports showed a noticeable reduction. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.
Imports by Country
China (X units), Japan (X units) and Italy (X units) were the main suppliers of machine-tool for working metal imports to South Korea, with a combined X% share of total imports. Germany, Turkey, Brazil, Austria, Belgium, Taiwan (Chinese), the United States and Russia lagged somewhat behind, together accounting for a further X%.
From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Brazil (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.
In value terms, China ($X), Japan ($X) and Italy ($X) appeared to be the largest machine-tool for working metal suppliers to South Korea, with a combined X% share of total imports. Germany, Austria, Turkey, Taiwan (Chinese), Belgium, the United States, Brazil and Russia lagged somewhat behind, together accounting for a further X%.
Among the main suppliers, Brazil, with a CAGR of X%, recorded the highest growth rate of 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
The average machine-tool for working metal import price stood at $X per unit in 2022, increasing by X% against the previous year. In general, the import price showed buoyant growth. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. The import price peaked at $X per unit in 2018; however, from 2019 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Austria ($X per unit), while the price for Russia ($X per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (X%), while the prices for the other major suppliers experienced more modest paces of growth.
Source: IndexBox Platform
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the market for machine-tool for working 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 2030.
Product coverage:
- Prodcom 28413120 - Numerically controlled bending, folding, straightening or flattening machines for working flat metal products (including presses)
- Prodcom 28413140 - Numerically controlled bending, folding, straightening or flattening machines for working metal (including presses) (excluding those for working flat metal products)
- Prodcom 28413160 - Non-numerically controlled bending, folding, straightening or flattening machines for working flat metal products (including presses)
- Prodcom 28413180 - Non-numerically controlled bending, folding, straightening or flattening machines for working metal (including presses) (excluding those for working flat metal products)
- Prodcom 28413220 - Numerically controlled shearing machines for working metal (including presses) (excluding combined punching and shearing machines)
- Prodcom 28413240 - Numerically controlled punching or notching machines for working metal (including presses, combined punching and shearing machines)
- Prodcom 28413260 - Non-numerically controlled shearing machines for working metal (including presses) (excluding combined punching and shearing machines)
- Prodcom 28413280 - Non-numerically controlled punching or notching machines for working metal (including presses, combined punching and shearing machines)
- Prodcom 28413310 - Numerically controlled forging or die-stamping machines and hammers for working metal (including presses)
- Prodcom 28413320 - Non-numerically controlled forging or die-stamping machines and hammers for working metal (including presses)
- Prodcom 28413330 -
- Prodcom 28413340 -
- Prodcom 28413370 -
- Prodcom 28413380 -
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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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