Report Update Apr 1, 2024

Republic of Korea - Machinery for Liquefying Air or Gases - Market Analysis, Forecast, Size, Trends and Insights

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Republic of Korea: Market for Machinery for Liquefying Air or Gases 2024

Market Size for Machinery for Liquefying Air or Gases in Republic of Korea

The South Korean air or gas liquefier market fell modestly to $X in 2022, standing approx. at the previous year. Overall, consumption showed a slight setback. Over the period under review, the market attained the maximum level at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Production of Machinery for Liquefying Air or Gases in Republic of Korea

In value terms, air or gas liquefier production totaled $X in 2022 estimated in export price. Overall, production continues to indicate a perceptible setback. The most prominent rate of growth was recorded in 2013 when the production volume increased by 9.9% against the previous year. Over the period under review, production attained the peak level at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

Exports of Machinery for Liquefying Air or Gases

Exports from Republic of Korea

In 2022, overseas shipments of machinery for liquefying air or gases were finally on the rise to reach X units after two years of decline. Overall, exports enjoyed perceptible growth. The pace of growth was the most pronounced in 2019 when exports increased by 100% against the previous year. As a result, the exports attained the peak of X units. From 2020 to 2022, the growth of the exports remained at a lower figure.

In value terms, air or gas liquefier exports soared to $X in 2022. In general, exports posted a buoyant increase. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

Saudi Arabia (X units), Canada (X units) and Brunei Darussalam (X units) were the main destinations of air or gas liquefier exports from South Korea, together comprising 50% of total exports.

From 2012 to 2022, the biggest increases were recorded for Saudi Arabia (with a CAGR of +14.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X), Saudi Arabia ($X) and Canada ($X) were the largest markets for air or gas liquefier exported from South Korea worldwide, with a combined 65% share of total exports.

In terms of the main countries of destination, Russia, with a CAGR of +60.6%, saw the highest growth rate of the value of exports, 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 air or gas liquefier export price amounted to $X per unit, surging by 227% against the previous year. Over the period under review, the export price posted prominent growth. Over the period under review, the average export prices attained the maximum at $X per unit in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($X per unit), while the average price for exports to Sri Lanka ($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 Canada (+42.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machinery for Liquefying Air or Gases

Imports into Republic of Korea

In 2022, air or gas liquefier imports into South Korea reduced remarkably to X units, declining by -34.3% compared with the previous year. Over the period under review, imports, however, enjoyed a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 250%. Over the period under review, imports attained the peak figure at X units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, air or gas liquefier imports dropped rapidly to $X in 2022. Overall, imports, however, saw a prominent expansion. The growth pace was the most rapid in 2015 when imports increased by 611%. Imports peaked at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of air or gas liquefier to South Korea, with a approx. 78% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +20.8%.

In value terms, China ($X) constituted the largest supplier of machinery for liquefying air or gases to South Korea, comprising 42% of total imports. The second position in the ranking was held by Germany ($X), with a 5.3% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China amounted to +379.6%.

Import Prices by Country

In 2022, the average air or gas liquefier import price amounted to $X per unit, surging by 15% against the previous year. Overall, the import price, however, recorded a abrupt curtailment. The pace of growth was the most pronounced in 2015 when the average import price increased by 88% against the previous year. Over the period under review, average import prices attained the maximum at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 Germany ($X per unit), while the price for China stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-3.2%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for machinery for liquefying air or gases in the world?

China remains the largest air or gas liquefier consuming country worldwide, comprising approx. 17% of total volume. Moreover, air or gas liquefier consumption in China exceeded the figures recorded by the second-largest consumer, Portugal, twofold. The third position in this ranking was taken by India, with a 6.7% share.

What are the largest producers of machinery for liquefying air or gases in the world?

China constituted the country with the largest volume of air or gas liquefier production, comprising approx. 17% of total volume. Moreover, air or gas liquefier production in China exceeded the figures recorded by the second-largest producer, Portugal, twofold. The third position in this ranking was held by India, with a 6.8% share.

What are the leading suppliers of machinery for liquefying air or gases to Republic of Korea?

In value terms, China constituted the largest supplier of machinery for liquefying air or gases to South Korea, comprising 42% of total imports. The second position in the ranking was held by Germany, with a 5.3% share of total imports.

What are the leading importers of machinery for liquefying air or gases from Republic of Korea?

In value terms, the largest markets for air or gas liquefier exported from South Korea were Russia, Saudi Arabia and Canada, together accounting for 65% of total exports.

What is the average export price for machinery for liquefying air or gases in Republic of Korea?

In 2022, the average air or gas liquefier export price amounted to $1,611,924 per unit, increasing by 227% against the previous year.

What is the average import price for machinery for liquefying air or gases in Republic of Korea?

In 2022, the average air or gas liquefier import price amounted to $2,019,094 per unit, rising by 15% against the previous year.

This report provides an in-depth analysis of the market for air or gas liquefier 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 28251150 - Machinery for liquefying air or other gases

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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023