Republic of Korea: Camping Trailer Market 2024

Camping Trailer Market Size in Republic of Korea

In 2022, after two years of growth, there was significant decline in the South Korean camping trailer market, when its value decreased by X% to $X. In general, consumption, however, saw significant growth. Over the period under review, the market hit record highs at $X in 2021, and then fell markedly in the following year.

Camping Trailer Exports

Exports from Republic of Korea

In 2022, approx. X units of trailers and semi-trailers of the caravan type, for housing or camping were exported from South Korea; reducing by X% on the year before. The total export volume increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 when exports increased by X% against the previous year. As a result, the exports attained the peak of X units. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, camping trailer exports soared to $X in 2022. Overall, exports, however, showed a significant expansion. 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 in 2022 and are likely to continue growth in years to come.

Exports by Country

The Philippines (X units), Germany (X units) and Mongolia (X units) were the main destinations of camping trailer exports from South Korea, with a combined X% share of total exports. Moreover, camping trailer exports in the Philippines exceeded the figures recorded by the second-largest exporter, Germany, twofold.

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

In value terms, Germany ($X), the Philippines ($X) and Kazakhstan ($X) constituted the largest markets for camping trailer exported from South Korea worldwide, with a combined X% share of total exports.

Kazakhstan, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of 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 camping trailer export price amounted to $X per unit, with an increase of X% against the previous year. Over the period under review, the export price showed a significant increase. The growth pace was the most rapid in 2013 an increase of X%. Over the period under review, the average export prices reached the maximum in 2022 and is likely to see steady growth in the immediate term.

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

Camping Trailer Imports

Imports into Republic of Korea

Camping trailer imports into South Korea shrank sharply to X units in 2022, declining by X% compared with 2021 figures. Over the period under review, imports, however, saw significant growth. The pace of growth was the most pronounced in 2013 when imports increased by X%. Over the period under review, imports reached the peak figure at X units in 2021, and then dropped dramatically in the following year.

In value terms, camping trailer imports contracted rapidly to $X in 2022. Overall, imports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2021, and then shrank dramatically in the following year.

Imports by Country

Germany (X units), the UK (X units) and the United States (X units) were the main suppliers of camping trailer imports to South Korea, together accounting for X% of total imports. Slovenia and China lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the UK ($X) and the United States ($X) appeared to be the largest camping trailer suppliers to South Korea, together accounting for X% of total imports. Slovenia and China lagged somewhat behind, together accounting for a further X%.

China, with a CAGR of X%, recorded the highest growth rate of 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 camping trailer import price stood at $X per unit in 2022, surging by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The growth pace was the most rapid in 2018 an increase of X%. The import price peaked in 2022 and is likely to see steady growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the United States ($X per unit) and Germany ($X per unit), while the price for China ($X per unit) and the UK ($X per unit) were amongst the lowest.

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

Source: IndexBox Platform

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