Report Update Apr 1, 2024

Republic of Korea - Seeders, Planters, Transplanters - Market Analysis, Forecast, Size, Trends and Insights

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Republic of Korea: Seeder And Planter Market 2024

Seeder And Planter Market Size in Republic of Korea

In 2022, the South Korean seeder and planter market increased by X% to $X, rising for the second consecutive year after two years of decline. Overall, the total consumption indicated a measured 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. Based on 2022 figures, consumption increased by X% against 2020 indices. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Seeder And Planter Production in Republic of Korea

In value terms, seeder and planter production expanded to $X in 2022 estimated in export price. In general, production, however, recorded a deep downturn. Seeder and planter production peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Seeder And Planter Exports

Exports from Republic of Korea

After five years of decline, overseas shipments of seeders, planters, transplanters increased by X% to X units in 2022. Over the period under review, exports, however, continue to indicate a precipitous slump. The exports peaked at X units in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, seeder and planter exports skyrocketed to $X in 2022. In general, exports, however, continue to indicate a sharp curtailment. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Nigeria (X units) was the main destination for seeder and planter exports from South Korea, accounting for a X% share of total exports. It was followed by Egypt (X units), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Nigeria stood at X%.

In value terms, Nigeria ($X) remains the key foreign market for seeders, planters, transplanters exports from South Korea, comprising X% of total exports. The second position in the ranking was held by Egypt ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Nigeria amounted to X%.

Export Prices by Country

In 2022, the average seeder and planter export price amounted to $X per unit, reducing by X% against the previous year. In general, the export price saw a deep reduction. The most prominent rate of growth was recorded in 2021 when the average export price decreased by X%. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Egypt ($X per unit), while the average price for exports to Nigeria totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Egypt (X%), while the prices for the other major destinations experienced mixed trend patterns.

Seeder And Planter Imports

Imports into Republic of Korea

In 2017, approx. X units of seeders, planters, transplanters were imported into South Korea; remaining constant against 2016 figures. Overall, imports showed a prominent expansion. The pace of growth appeared the most rapid in 2014 with an increase of X%. Imports peaked in 2017 and are expected to retain growth in the immediate term.

In value terms, seeder and planter imports reached $X in 2017. The total import value increased at an average annual rate of X% from 2012 to 2017; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2014 with an increase of X%. As a result, imports attained the peak of $X. From 2015 to 2017, the growth of imports failed to regain momentum.

Imports by Country

In 2017, Singapore (X units) was the main supplier of seeder and planter to South Korea, with a approx. X% share of total imports.

From 2012 to 2017, the average annual rate of growth in terms of volume from Singapore stood at X.3%.

In value terms, Singapore ($X) constituted the largest supplier of seeders, planters, transplanters to South Korea.

From 2012 to 2017, the average annual rate of growth in terms of value from Singapore stood at X.2%.

Import Prices by Country

In 2017, the average seeder and planter import price amounted to $X per unit, leveling off at the previous year. In general, the import price showed a drastic downturn. The growth pace was the most rapid in 2013 an increase of X% against the previous year. As a result, import price attained the peak level of $X per unit. From 2014 to 2017, the average import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for Singapore.

From 2012 to 2017, the rate of growth in terms of prices for Singapore amounted to X% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for seeders, planters, transplanters in the world?

Latvia remains the largest seeder and planter consuming country worldwide, accounting for 92% of total volume. Moreover, seeder and planter consumption in Latvia exceeded the figures recorded by the second-largest consumer, Bosnia and Herzegovina, more than tenfold.

What are the largest producers of seeders, planters, transplanters in the world?

Latvia constituted the country with the largest volume of seeder and planter production, comprising approx. 91% of total volume. Moreover, seeder and planter production in Latvia exceeded the figures recorded by the second-largest producer, Bosnia and Herzegovina, more than tenfold.

What are the leading suppliers of seeders, planters, transplanters to Republic of Korea?

In value terms, Singapore constituted the largest supplier of seeders, planters, transplanters to South Korea.

What are the leading importers of seeders, planters, transplanters from Republic of Korea?

In value terms, Nigeria remains the key foreign market for seeders, planters, transplanters exports from South Korea, comprising 92% of total exports. The second position in the ranking was held by Egypt, with a 7.7% share of total exports.

What is the average export price for seeders, planters, transplanters in Republic of Korea?

The average seeder and planter export price stood at $2,409 per unit in 2022, declining by -3.7% against the previous year.

What is the average import price for seeders, planters, transplanters in Republic of Korea?

In 2017, the average seeder and planter import price amounted to $8,604 per unit, standing approx. at the previous year.

This report provides an in-depth analysis of the seeder and planter 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 28303333 - Central driven precision spacing seeders for agricultural or horticultural use
Prodcom 28303335 - Seeders for agricultural or horticultural use (excluding central driven precision spacing seeders)
Prodcom 28303350 - Planters and transplanters

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