Republic of Korea - Belt Type Continuous-Action Elevators and Conveyors for Goods or Materials - Market Analysis, Forecast, Size, Trends and Insights
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View PricingRepublic of Korea: Market for Belt Type Continuous-Action Elevators And Conveyors For Goods Or Materials 2024
Market Size for Belt Type Continuous-Action Elevators And Conveyors For Goods Or Materials in Republic of Korea
The South Korean market for belt type continuous-action elevators and conveyors for goods or materials totaled $X in 2023, leveling off at the previous year. In general, consumption continues to indicate a resilient increase. Consumption of peaked at $X in 2020; however, from 2021 to 2023, consumption failed to regain momentum.
Production of Belt Type Continuous-Action Elevators And Conveyors For Goods Or Materials in Republic of Korea
In value terms, production of belt type continuous-action elevators and conveyors for goods or materials fell to $X in 2023 estimated in export price. Over the period under review, the total production indicated a modest increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production increased by X% against 2021 indices. The growth pace was the most rapid in 2019 when the production volume increased by X%. Over the period under review, production of attained the peak level at $X in 2013; however, from 2014 to 2023, production failed to regain momentum.
Exports of Belt Type Continuous-Action Elevators And Conveyors For Goods Or Materials
Exports from Republic of Korea
After two years of growth, shipments abroad of belt type continuous-action elevators and conveyors for goods or materials decreased by X% to X units in 2023. Over the period under review, exports recorded a abrupt descent. The pace of growth appeared the most rapid in 2017 when exports increased by X%. Over the period under review, the exports of attained the maximum at X units in 2013; however, from 2014 to 2023, the exports remained at a lower figure.
In value terms, exports of belt type continuous-action elevators and conveyors for goods or materials fell to $X in 2023. Overall, exports saw a noticeable downturn. The pace of growth was the most pronounced in 2013 with an increase of X%. As a result, the exports attained the peak of $X. From 2014 to 2023, the growth of the exports of failed to regain momentum.
Exports by Country
The United States (X units), Vietnam (X units) and Mexico (X units) were the main destinations of exports of belt type continuous-action elevators and conveyors for goods or materials from South Korea, with a combined X% share of total exports. Russia, Hungary, Poland, China, Indonesia, Japan, Thailand, Bangladesh, Slovakia and India lagged somewhat behind, together accounting for a further X%.
From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Poland (with a CAGR of X%), while the other leaders experienced more modest paces of growth.
In value terms, the United States ($X), Vietnam ($X) and Mexico ($X) were the largest markets for belt type continuous-action elevator and conveyor exported from South Korea worldwide, with a combined X% share of total exports. Russia, Hungary, Poland, China, Indonesia, Japan, Thailand, Bangladesh, Slovakia and India lagged somewhat behind, together comprising a further X%.
In terms of the main countries of destination, Poland, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.
Export Prices by Country
The average export price for belt type continuous-action elevators and conveyors for goods or materials stood at $X per unit in 2023, with a decrease of X% against the previous year. Over the period under review, the export price, however, recorded a buoyant increase. The pace of growth was the most pronounced in 2019 an increase of X% against the previous year. The export price peaked at $X per unit in 2020; however, from 2021 to 2023, the export prices remained at a lower figure.
Average prices varied noticeably for the major external markets. In 2023, amid the top suppliers, the countries with the highest prices were Bangladesh ($X per unit) and Slovakia ($X per unit), while the average price for exports to Indonesia ($X per unit) and Hungary ($X per unit) were amongst the lowest.
From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Bangladesh (X%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Belt Type Continuous-Action Elevators And Conveyors For Goods Or Materials
Imports into Republic of Korea
In 2023, overseas purchases of belt type continuous-action elevators and conveyors for goods or materials increased by X% to X units, rising for the third year in a row after two years of decline. Overall, imports showed a mild increase. The pace of growth appeared the most rapid in 2018 with an increase of X%. As a result, imports reached the peak of X units. From 2019 to 2023, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of belt type continuous-action elevators and conveyors for goods or materials totaled $X in 2023. In general, imports, however, recorded a perceptible shrinkage. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, imports of attained the maximum at $X in 2019; however, from 2020 to 2023, imports stood at a somewhat lower figure.
Imports by Country
In 2023, China (X units) constituted the largest belt type continuous-action elevator and conveyor supplier to South Korea, with a X% share of total imports. Moreover, imports of belt type continuous-action elevators and conveyors for goods or materials from China exceeded the figures recorded by the second-largest supplier, Japan (X units), eightfold. The third position in this ranking was held by Germany (X units), with a X% share.
From 2012 to 2023, the average annual growth rate of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (X% per year) and Germany (X% per year).
In value terms, China ($X) constituted the largest supplier of belt type continuous-action elevators and conveyors for goods or materials to South Korea, comprising X% of total imports. The second position in the ranking was held by Germany ($X), with a X% share of total imports. It was followed by Japan, with a X% share.
From 2012 to 2023, the average annual growth rate of value from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Japan (X% per year).
Import Prices by Country
In 2023, the average import price for belt type continuous-action elevators and conveyors for goods or materials amounted to $X per unit, falling by X% against the previous year. Overall, the import price recorded a perceptible decline. The pace of growth appeared the most rapid in 2019 when the average import price increased by X%. Over the period under review, average import prices attained the maximum at $X per unit in 2020; however, from 2021 to 2023, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per unit), while the price for Malaysia ($X per unit) was amongst the lowest.
From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Austria (X%), while the prices for the other major suppliers experienced more modest paces of growth.
Source: IndexBox Platform
This report provides an in-depth analysis of the market for belt type continuous-action elevator and conveyor 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 28221770 - Belt type continuous-action elevators and conveyors for goods or materials
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
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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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