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Republic of Korea - Machine-Tools For Working Any Material By Removal Of Material - Market Analysis, Forecast, Size, Trends and Insights
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Republic of Korea: Overview of the Market for Machine-Tools For Working Any Material By Removal Of Material 2021

Market Size for Machine-Tools For Working Any Material By Removal Of Material in Republic of Korea

In 2020, the South Korean machine-tool for removing material market was finally on the rise to reach $X after seven years of decline. Overall, consumption, however, saw a noticeable decline. The most prominent rate of growth was recorded in 2012 when the market value increased by X% year-to-year. As a result, consumption attained the peak level of $X. From 2013 to 2020, the growth of the market remained at a somewhat lower figure.

Production of Machine-Tools For Working Any Material By Removal Of Material in Republic of Korea

In value terms, machine-tool for removing material production dropped dramatically to $X in 2020 estimated in export prices. In general, production continues to indicate a noticeable decline. The pace of growth appeared the most rapid in 2012 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2013 to 2020, production growth remained at a lower figure.

Exports of Machine-Tools For Working Any Material By Removal Of Material

Exports from Republic of Korea

Machine-tool for removing material exports from South Korea shrank significantly to X units in 2020, with a decrease of -X% on the previous year. Over the period under review, exports showed a abrupt contraction. The growth pace was the most rapid in 2010 when exports increased by X% year-to-year. Over the period under review, exports hit record highs at X units in 2011; however, from 2012 to 2020, exports failed to regain the momentum.

In value terms, machine-tool for removing material exports declined remarkably to $X in 2020. Overall, exports recorded a slight reduction. The pace of growth appeared the most rapid in 2010 with an increase of X% year-to-year. Over the period under review, exports reached the maximum at $X in 2019, and then shrank notably in the following year.

Exports by Country

China (X units) was the main destination for machine-tool for removing material exports from South Korea, accounting for a X% share of total exports. Moreover, machine-tool for removing material exports to China exceeded the volume sent to the second major destination, the U.S. (X units), fourfold. The third position in this ranking was occupied by Taiwan (Chinese) (X units), with a X% share.

From 2007 to 2020, the average annual growth rate of volume to China stood at -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the U.S. (-X% per year) and Taiwan (Chinese) (-X% per year).

In value terms, China ($X) remains the key foreign market for machine-tool for removing material exports from South Korea, comprising X% of total exports. The second position in the ranking was occupied by the U.S. ($X), with a X% share of total exports. It was followed by Taiwan (Chinese), with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value to China totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the U.S. (+X% per year) and Taiwan (Chinese) (-X% per year).

Export Prices by Country

In 2020, the average machine-tool for removing material export price amounted to $X per unit, reducing by -X% against the previous year. Over the period under review, the export price, however, posted pronounced growth. The pace of growth appeared the most rapid in 2015 when the average export price increased by X% y-o-y. The export price peaked at $X per unit in 2018; however, from 2019 to 2020, export prices remained at a lower figure.

Average prices varied noticeably for the major foreign markets. In 2020, the highest prices were recorded for prices to China ($X per unit) and the U.S. ($X per unit), while the average price for exports to Mexico ($X per unit) and Malaysia ($X per unit) were amongst the lowest.

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

Imports of Machine-Tools For Working Any Material By Removal Of Material

Imports into Republic of Korea

In 2020, supplies from abroad of machine-tools for working any material by removal of material increased by X% to X units for the first time since 2017, thus ending a two-year declining trend. In general, imports showed strong growth. The most prominent rate of growth was recorded in 2008 when imports increased by X% against the previous year. Imports peaked at X units in 2017; however, from 2018 to 2020, imports failed to regain the momentum.

In value terms, machine-tool for removing material imports expanded sharply to $X in 2020. Over the period under review, imports saw mild growth. The pace of growth appeared the most rapid in 2010 when imports increased by X% year-to-year. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2020, imports stood at a somewhat lower figure.

Imports by Country

Japan (X units), China (X units) and Switzerland (X units) were the main suppliers of machine-tool for removing material imports to South Korea, together accounting for X% of total imports. These countries were followed by Germany, Singapore, the U.S. and Thailand, which together accounted for a further X 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Singapore, while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest machine-tool for removing material suppliers to South Korea were Japan ($X), China ($X) and Switzerland ($X), with a combined X% share of total imports. These countries were followed by Germany, Singapore, the U.S. and Thailand, which together accounted for a further X the main suppliers, Singapore recorded the highest rates of growth with regard to 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 removing material import price stood at $X per unit in 2020, waning by -X% against the previous year. Overall, the import price continues to indicate a perceptible shrinkage. The most prominent rate of growth was recorded in 2010 when the average import price increased by X% year-to-year. Over the period under review, average import prices hit record highs at $X per unit in 2014; however, from 2015 to 2020, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2020, the countries with the highest prices were Japan ($X per unit) and China ($X per unit), while the price for Thailand ($X per unit) and the U.S. ($X per unit) were amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Japan, while the prices for the other major suppliers experienced a decline.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for machine-tools for working any material by removal of material in the world?
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The country with the largest volume of machine-tool for removing material consumption was the U.S. (200K units), comprising approx. 22% of total volume. Moreover, machine-tool for removing material consumption in the U.S. exceeded the figures recorded by the second-largest consumer, China (91K units), twofold. The third position in this ranking was occupied by Japan (87K units), with a 9.5% share.
What are the largest producers of machine-tools for working any material by removal of material in the world?
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Germany (1.4M units) constituted the country with the largest volume of machine-tool for removing material production, accounting for 57% of total volume. Moreover, machine-tool for removing material production in Germany exceeded the figures recorded by the second-largest producer, China (279K units), fivefold. Singapore (117K units) ranked third in terms of total production with a 4.8% share.
What are the leading suppliers of machine-tools for working any material by removal of material to Republic of Korea?
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In value terms, the largest machine-tool for removing material suppliers to South Korea were Japan ($86M), China ($58M) and Switzerland ($44M), with a combined 69% share of total imports. Germany, Singapore, the U.S. and Thailand lagged somewhat behind, together accounting for a further 24%.
What are the leading importers of machine-tools for working any material by removal of material from Republic of Korea?
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In value terms, China ($48M) remains the key foreign market for machine-tool for removing material exports from South Korea, comprising 56% of total exports. The second position in the ranking was occupied by the U.S. ($12M), with a 14% share of total exports. It was followed by Taiwan (Chinese), with a 7.8% share.
What is the average export price for machine-tools for working any material by removal of material in Republic of Korea?
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The average machine-tool for removing material export price stood at $31,559 per unit in 2020, falling by -47.6% against the previous year.
What is the average import price for machine-tools for working any material by removal of material in Republic of Korea?
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In 2020, the average machine-tool for removing material import price amounted to $45,697 per unit, which is down by -3.7% against the previous year.

Product coverage:
• Prodcom 28411110 - Machine-tools for working any material by removal of material, operated by laser or other light or photon beam processes
• Prodcom 28411130 - Machine-tools for working any material by removal of material, operated by ultrasonic processes (excluding machines for the manufacture of semiconductor devices or of electronic integrated circuits)
• Prodcom 28411150 - Machine tools for working any material by removal of material, operated by electro-discharge processes
• Prodcom 28411170 - Machine-tools for working any material by removal of material, operated by electro-chemical, electron-beam, ionicbeam or plasma arc processes

This report provides an in-depth analysis of the market for machine-tool for removing material 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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