Republic of Korea: Solid-Liquid Separator Market 2024

Solid-Liquid Separator Market Size in Republic of Korea

In 2022, the South Korean solid-liquid separator market decreased by X% to $X for the first time since 2016, thus ending a five-year rising trend. Over the period under review, consumption, however, saw a perceptible increase. Over the period under review, the market reached the peak level at $X in 2021, and then contracted modestly in the following year.

Solid-Liquid Separator Production in Republic of Korea

In value terms, solid-liquid separator production reached $X in 2022 estimated in export price. In general, the total production indicated a measured increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2015 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2016 to 2022, production growth remained at a somewhat lower figure.

Solid-Liquid Separator Exports

Exports from Republic of Korea

In 2022, shipments abroad of machinery for solid-liquid separation increased by X% to X units for the first time since 2018, thus ending a three-year declining trend. Overall, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, the exports reached the peak figure at X units in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, solid-liquid separator exports skyrocketed to $X in 2022. Over the period under review, total exports indicated a temperate expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

China (X units), Malaysia (X units) and Russia (X units) were the main destinations of solid-liquid separator exports from South Korea, together accounting for X% of total exports. Saudi Arabia, Indonesia, Thailand, Mexico, Poland, Vietnam, the United States, Singapore, India and Brazil lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Poland (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, China ($X), Malaysia ($X) and Mexico ($X) appeared to be the largest markets for solid-liquid separator exported from South Korea worldwide, together comprising X% of total exports. The United States, Vietnam, India, Poland, Thailand, Russia, Saudi Arabia, Indonesia, Singapore and Brazil lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, Poland, with a CAGR of X%, saw the highest rates of growth with regard to 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

The average solid-liquid separator export price stood at $X per thousand units in 2022, surging by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2014 when the average export price increased by X%. The export price peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per thousand units), while the average price for exports to Russia ($X per thousand units) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (X%), while the prices for the other major destinations experienced more modest paces of growth.

Solid-Liquid Separator Imports

Imports into Republic of Korea

After three years of growth, purchases abroad of machinery for solid-liquid separation decreased by X% to X units in 2022. In general, total imports indicated a remarkable increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when imports increased by X%. Imports peaked at X units in 2021, and then fell in the following year.

In value terms, solid-liquid separator imports rose notably to $X in 2022. Overall, imports, however, showed resilient growth. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, China (X units) constituted the largest solid-liquid separator supplier to South Korea, accounting for a X% share of total imports. Moreover, solid-liquid separator imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), fivefold. Germany (X units) ranked third in terms of total imports 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: the United States (X% per year) and Germany (X% per year).

In value terms, the largest solid-liquid separator suppliers to South Korea were the United States ($X), Japan ($X) and Germany ($X), together accounting for X% of total imports. China, India, the UK, France, Italy, Vietnam, the Philippines, Mexico and Norway lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Vietnam, with a CAGR of X%, saw 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 solid-liquid separator import price stood at $X per unit in 2022, increasing by X% against the previous year. In general, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of X% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per unit), while the price for China (less than $X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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