Report Republic of Korea - Snow-Ploughs and Snow-Blowers - Market Analysis, Forecast, Size, Trends and Insights for 499$
Latest Report Update: Sep 17, 2022

Republic of Korea - Snow-Ploughs and Snow-Blowers - Market Analysis, Forecast, Size, Trends and Insights
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Republic of Korea: Market for Snow-Ploughs And Snow-Blowers 2022

Market Size for Snow-Ploughs And Snow-Blowers in Republic of Korea

The South Korean snow ploughs and blowers market was finally on the rise to reach $X in 2021, after two years of decline. Overall, consumption, however, saw a deep contraction. Snow ploughs and blowers consumption peaked at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Exports of Snow-Ploughs And Snow-Blowers

Exports from Republic of Korea

In 2021, overseas shipments of snow-ploughs and snow-blowers increased by X% to X units, rising for the third year in a row after two years of decline. In general, exports, however, recorded a drastic downturn. Over the period under review, the exports hit record highs at X units in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, snow ploughs and blowers exports contracted to $X in 2021. Overall, exports, however, saw a deep setback. The most prominent rate of growth was recorded in 2013 with an increase of X%. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Norway (X units) was the main destination for snow ploughs and blowers exports from South Korea, accounting for a X% share of total exports. Moreover, snow ploughs and blowers exports to Norway exceeded the volume sent to the second major destination, the United States (X units), fourfold. The third position in this ranking was held by Switzerland (X units), with an X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Norway totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+X% per year) and Switzerland (+X% per year).

In value terms, Switzerland ($X) remains the key foreign market for snow ploughs and blowers exports from South Korea, comprising X% of total exports. The second position in the ranking was taken by the United States ($X), with an X% share of total exports. It was followed by China, with an X% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Switzerland totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+X% per year) and China (-X% per year).

Export Prices by Country

The average snow ploughs and blowers export price stood at $X per unit in 2021, shrinking by -X% against the previous year. Over the period under review, the export price continues to indicate a perceptible descent. The pace of growth appeared the most rapid in 2015 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Switzerland ($X per unit), while the average price for exports to Malaysia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (+X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Snow-Ploughs And Snow-Blowers

Imports into Republic of Korea

In 2021, after two years of decline, there was significant growth in overseas purchases of snow-ploughs and snow-blowers, when their volume increased by X% to X units. Over the period under review, imports, however, recorded a abrupt slump. Over the period under review, imports reached the peak figure at X units in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, snow ploughs and blowers imports skyrocketed to $X in 2021. Overall, imports, however, recorded a abrupt descent. The growth pace was the most rapid in 2013 with an increase of X%. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest supplier of snow ploughs and blowers to South Korea, with a X% share of total imports. Moreover, snow ploughs and blowers imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), sevenfold. The third position in this ranking was taken by Austria (X units), with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-X% per year) and Austria (+X% per year).

In value terms, the largest snow ploughs and blowers suppliers to South Korea were China ($X), Austria ($X) and the United States ($X), with a combined X% share of total imports. Italy, Denmark and Canada lagged somewhat behind, together accounting for a further X, with a CAGR of +X%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average snow ploughs and blowers import price stood at $X per unit in 2021, shrinking by -X% against the previous year. Over the period under review, the import price recorded a drastic downturn. The pace of growth appeared the most rapid in 2017 an increase of X%. As a result, import price attained the peak level of $X per unit. From 2018 to 2021, the average import prices remained at a lower figure.

Prices varied noticeably countryorigin: the country with the highest price was Denmark ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (+X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Base Year Historical Period Forecast Period Units
2021 2007-2021 2022-2030 US$, Tons

Frequently Asked Questions (FAQ) :

What are the largest markets for snow-ploughs and snow-blowers in the world?
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The country with the largest volume of snow ploughs and blowers consumption was China, accounting for 18% of total volume. Moreover, snow ploughs and blowers consumption in China exceeded the figures recorded by the second-largest consumer, India, twofold. The United States ranked third in terms of total consumption with a 6.3% share.
What are the largest producers of snow-ploughs and snow-blowers in the world?
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The country with the largest volume of snow ploughs and blowers production was China, accounting for 32% of total volume. Moreover, snow ploughs and blowers production in China exceeded the figures recorded by the second-largest producer, India, fourfold. Mexico ranked third in terms of total production with a 4.8% share.
What are the leading suppliers of snow-ploughs and snow-blowers to Republic of Korea?
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In value terms, the largest snow ploughs and blowers suppliers to South Korea were China, Austria and the United States, with a combined 59% share of total imports. These countries were followed by Italy, Denmark and Canada, which together accounted for a further 22%.
What are the leading importers of snow-ploughs and snow-blowers from Republic of Korea?
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In value terms, Switzerland remains the key foreign market for snow ploughs and blowers exports from South Korea, comprising 53% of total exports. The second position in the ranking was taken by the United States, with an 11% share of total exports. It was followed by China, with an 11% share.
What is the average export price for snow-ploughs and snow-blowers in Republic of Korea?
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In 2021, the average snow ploughs and blowers export price amounted to $451 per unit, which is down by -28.7% against the previous year.
What is the average import price for snow-ploughs and snow-blowers in Republic of Korea?
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In 2021, the average snow ploughs and blowers import price amounted to $286 per unit, which is down by -52.1% against the previous year.

This report provides an in-depth analysis of the market for snow ploughs and blowers 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 28923030 - Snow-ploughs and snow-blowers
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

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 2012–2021
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2012–2021
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 2021
Table 2:
Market Volume, In Physical Terms, 2012–2021
Table 3:
Market Value, 2012–2021
Table 4:
Per Capita Consumption In 2012–2021
Table 5:
Imports, In Physical Terms, By Country, 2012–2021
Table 6:
Imports, In Value Terms, By Country, 2012–2021
Table 7:
Import Prices, By Country Of Origin, 2012–2021
Table 8:
Exports, In Physical Terms, By Country, 2012–2021
Table 9:
Exports, In Value Terms, By Country, 2012–2021
Table 10:
Export Prices, By Country Of Destination, 2012–2021
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2021
Figure 2:
Market Value, 2012–2021
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012–2021
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012–2021
Figure 5:
Trade Balance, In Physical Terms, 2012–2021
Figure 6:
Trade Balance, In Value Terms, 2012–2021
Figure 7:
Per Capita Consumption, 2012–2021
Figure 8:
Market Forecast To 2030
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, 2012–2021
Figure 21:
Production, In Value Terms, 2012–2021
Figure 22:
Imports, In Physical Terms, 2012–2021
Figure 23:
Imports, In Value Terms, 2012–2021
Figure 24:
Imports, In Physical Terms, By Country, 2021
Figure 25:
Imports, In Physical Terms, By Country, 2012–2021
Figure 26:
Imports, In Value Terms, By Country, 2012–2021
Figure 27:
Import Prices, By Country Of Origin, 2012–2021
Figure 28:
Exports, In Physical Terms, 2012–2021
Figure 29:
Exports, In Value Terms, 2012–2021
Figure 30:
Exports, In Physical Terms, By Country, 2021
Figure 31:
Exports, In Physical Terms, By Country, 2012–2021
Figure 32:
Exports, In Value Terms, By Country, 2012–2021
Figure 33:
Export Prices, By Country Of Destination, 2012–2021
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