Republic of Korea: Market for Moulds For Mineral Materials 2024

Market Size for Moulds For Mineral Materials in Republic of Korea

The South Korean mould for mineral materials market rose significantly to $X in 2022, growing by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Moulds For Mineral Materials in Republic of Korea

In value terms, mould for mineral materials production rose significantly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Exports of Moulds For Mineral Materials

Exports from Republic of Korea

In 2022, the amount of moulds for mineral materials exported from South Korea contracted to X units, shrinking by X% against the previous year's figure. In general, exports recorded a slight decline. The most prominent rate of growth was recorded in 2013 when exports increased by X%. Over the period under review, the exports hit record highs at X units in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, mould for mineral materials exports fell to $X in 2022. Over the period under review, exports showed a perceptible decline. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Panama (X units), Mongolia (X units) and India (X units) were the main destinations of mould for mineral materials exports from South Korea, with a combined X% share of total exports.

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

In value terms, India ($X), Panama ($X) and Saudi Arabia ($X) were the largest markets for mould for mineral materials exported from South Korea worldwide, with a combined X% share of total exports.

Panama, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among 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 mould for mineral materials export price amounted to $X per unit, stabilizing at the previous year. Overall, the export price recorded a mild downturn. The growth pace was the most rapid in 2018 an increase of X%. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

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

Imports of Moulds For Mineral Materials

Imports into Republic of Korea

In 2022, the amount of moulds for mineral materials imported into South Korea reduced markedly to X units, shrinking by X% against 2021 figures. Over the period under review, imports, however, posted a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by X%. As a result, imports attained the peak of X units, and then fell remarkably in the following year.

In value terms, mould for mineral materials imports expanded modestly to $X in 2022. Overall, imports, however, enjoyed a significant increase. The growth pace was the most rapid in 2021 with an increase of X%. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

Vietnam (X units), India (X units) and Malaysia (X units) were the main suppliers of mould for mineral materials imports to South Korea, together comprising X% of total imports.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest mould for mineral materials suppliers to South Korea were Vietnam ($X), India ($X) and Malaysia ($X), with a combined X% share of total imports.

India, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average mould for mineral materials import price amounted to $X per unit, increasing by X% against the previous year. Overall, import price indicated strong growth from 2012 to 2022: its price 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. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 Italy ($X per unit), while the price for Sweden ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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