Republic of Korea - Invalid Carriages Not Mechanically Propelled - Market Analysis, Forecast, Size, Trends And Insights
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View PricingInvalid Carriage Price in South Korea - 2022
Contents:
- Invalid Carriage Price in South Korea (CIF) - 2022
- Invalid Carriage Price in South Korea (FOB) - 2022
- Invalid Carriage Imports in South Korea
- Invalid Carriage Exports in South Korea
Invalid Carriage Price in South Korea (CIF) - 2022
The average invalid carriage import price stood at $190 per unit in December 2022, growing by 13% against the previous month. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in June 2022 when the average import price increased by 45% month-to-month. The import price peaked at $225 per unit in January 2022; however, from February 2022 to December 2022, import prices stood at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for China.
From December 2021 to December 2022, the rate of growth in terms of prices for China amounted to +0.3% per month.
Invalid Carriage Price in South Korea (FOB) - 2022
In 2022, the average invalid carriage export price amounted to $494 per unit, with an increase of 56% against the previous year. Over the last decade, it increased at an average annual rate of +4.4%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were the United States ($549 per unit) and Taiwan (Chinese) ($527 per unit), while the average price for exports to Russia ($506 per unit) and Thailand ($508 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+55.8%), while the prices for the other major destinations experienced mixed trend patterns.
Invalid Carriage Imports in South Korea
For the fourth year in a row, South Korea recorded growth in purchases abroad of invalid carriages not mechanically propelled, which increased by 41% to 102K units in 2022. In general, total imports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +18.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +67.9% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, invalid carriage imports expanded notably to $9.5M in 2022. The total import value increased at an average annual rate of +2.7% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Invalid Carriage in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 4.5 | 4.7 | 4.9 | 6.7 | 14.2% |
| Germany | 0.9 | 0.6 | 0.6 | 0.6 | -12.6% |
| Others | 3.4 | 2.9 | 3.0 | 2.2 | -13.5% |
| Total | 8.8 | 8.1 | 8.5 | 9.5 | 2.6% |
Top Suppliers of Invalid Carriage to South Korea in 2022:
- China (90.6K units)
- Germany (1.2K units)
Invalid Carriage Exports in South Korea
In 2022, after three years of growth, there was significant decline in shipments abroad of invalid carriages not mechanically propelled, when their volume decreased by -57.8% to 198 units. In general, exports, however, posted prominent growth. The growth pace was the most rapid in 2021 with an increase of 78%. As a result, the exports reached the peak of 469 units, and then declined notably in the following year.
In value terms, invalid carriage exports plummeted to $98K in 2022. Overall, exports, however, posted buoyant growth. The pace of growth appeared the most rapid in 2021 with an increase of 59%. As a result, the exports attained the peak of $149K, and then shrank notably in the following year.
| Export of Invalid Carriage in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 11.5 | 16.9 | 23.0 | 52.3 | 65.7% |
| Russia | N/A | N/A | 7.3 | 26.8 | 267.1% |
| China | 3.1 | 1.9 | 14.6 | 10.7 | 51.1% |
| United States | 1.8 | 3.0 | 3.0 | 3.3 | 22.4% |
| Taiwan (Chinese) | 0.3 | 0.5 | 1.4 | 2.1 | 91.3% |
| Japan | 26.7 | 37.8 | 0.1 | N/A | -93.9% |
| Uganda | 0.4 | 0.2 | 0.5 | N/A | 11.8% |
| Malaysia | 1.7 | 3.1 | 8.8 | N/A | 127.5% |
| South Africa | N/A | 3.6 | N/A | N/A | 0% |
| Bangladesh | 1.5 | 3.3 | 11.7 | N/A | 179.3% |
| Australia | 2.2 | 3.3 | 5.4 | N/A | 56.7% |
| Ghana | 4.5 | 6.9 | 11.9 | N/A | 62.6% |
| Others | 7.9 | 12.9 | 60.9 | 2.6 | -31.0% |
| Total | 61.6 | 93.3 | 149 | 97.9 | 16.7% |
Top Export Markets for Invalid Carriage from South Korea in 2022:
- Thailand (103.0 units)
- Russia (53.0 units)
- China (21.0 units)
- United States (6.0 units)
- Taiwan (Chinese) (4.0 units)
This report provides an in-depth analysis of the invalid carriage 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 30922030 - Invalid carriages not mechanically propelled
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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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