Report Update Apr 1, 2024

Republic of Korea - Mechanical Stokers - Market Analysis, Forecast, Size, Trends and Insights

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Republic of Korea: Mechanical Stoker Market 2024

Mechanical Stoker Market Size in Republic of Korea

After two years of growth, the South Korean mechanical stoker market decreased by -8.9% to $X in 2022. Overall, consumption, however, showed prominent growth. Over the period under review, the market hit record highs at $X in 2021, and then fell in the following year.

Mechanical Stoker Production in Republic of Korea

In value terms, mechanical stoker production soared to $X in 2022 estimated in export price. Over the period under review, production enjoyed buoyant growth. The pace of growth was the most pronounced in 2016 when the production volume increased by 184% against the previous year. Mechanical stoker production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

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Mechanical Stoker Exports

Exports from Republic of Korea

Mechanical stoker exports from South Korea skyrocketed to X tons in 2022, with an increase of 1,946% against 2021 figures. Over the period under review, exports posted significant growth. The pace of growth was the most pronounced in 2020 when exports increased by 5,480%. As a result, the exports reached the peak of X tons. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, mechanical stoker exports surged to $X in 2022. Overall, exports posted a significant expansion. Over the period under review, the exports reached the maximum at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

Indonesia (X tons) was the main destination for mechanical stoker exports from South Korea, with a 98% share of total exports. It was followed by Japan (X tons), with a 1.1% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Indonesia amounted to +104.8%.

In value terms, Indonesia ($X) emerged as the key foreign market for mechanical stokers exports from South Korea, comprising 99% of total exports. The second position in the ranking was taken by Japan ($X), with a 0.3% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Indonesia totaled +107.7%.

Export Prices by Country

In 2022, the average mechanical stoker export price amounted to $X per ton, growing by 213% against the previous year. In general, the export price enjoyed a strong expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Indonesia ($X per ton), while the average price for exports to Japan totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+1.4%), while the prices for the other major destinations experienced a decline.

Mechanical Stoker Imports

Imports into Republic of Korea

In 2022, the amount of mechanical stokers imported into South Korea contracted notably to X kg, reducing by -99.8% on the previous year's figure. Overall, imports faced a abrupt descent. The pace of growth was the most pronounced in 2021 with an increase of 30,720% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, mechanical stoker imports shrank dramatically to $X in 2022. In general, imports faced a sharp downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 29,230%. Imports peaked at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China (X kg) and Japan (X kg) were the main suppliers of mechanical stoker imports to South Korea.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +14.8%).

In value terms, the largest mechanical stoker suppliers to South Korea were China ($X) and Japan ($X).

China, with a CAGR of +11.4%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review.

Import Prices by Country

The average mechanical stoker import price stood at $X per ton in 2022, shrinking by -3% against the previous year. In general, the import price saw a deep reduction. The pace of growth was the most pronounced in 2017 when the average import price increased by 26% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($X per ton), while the price for China amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-2.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for mechanical stokers in the world?

The countries with the highest volumes of consumption in 2022 were China, the United States and Indonesia, with a combined 32% share of global consumption.

What are the largest producers of mechanical stokers in the world?

China remains the largest mechanical stoker producing country worldwide, accounting for 18% of total volume. Moreover, mechanical stoker production in China exceeded the figures recorded by the second-largest producer, the United States, twofold. Austria ranked third in terms of total production with a 7.6% share.

What are the leading suppliers of mechanical stokers to Republic of Korea?

In value terms, the largest mechanical stoker suppliers to South Korea were China and Japan.

What are the leading importers of mechanical stokers from Republic of Korea?

In value terms, Indonesia emerged as the key foreign market for mechanical stokers exports from South Korea, comprising 99% of total exports. The second position in the ranking was held by Japan, with a 0.3% share of total exports.

What is the average export price for mechanical stokers in Republic of Korea?

In 2022, the average mechanical stoker export price amounted to $38,321 per ton, jumping by 213% against the previous year.

What is the average import price for mechanical stokers in Republic of Korea?

The average mechanical stoker import price stood at $14,363 per ton in 2022, with a decrease of -3% against the previous year.

This report provides an in-depth analysis of the mechanical stoker market 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 28211170 - Mechanical stokers (including their mechanical grates, m echanical ash dischargers and similar appliances)

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