Republic of Korea - Machinery For The Extraction Or Preparation Of Animal Or Fixed Vegetable Fats Or Oils - Market Analysis, Forecast, Size, Trends And Insights
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View PricingFats Preparation Machinery Price in South Korea - 2022
Contents:
- Fats Preparation Machinery Price in South Korea (CIF) - 2022
- Fats Preparation Machinery Price in South Korea (FOB) - 2022
- Fats Preparation Machinery Imports in South Korea
- Fats Preparation Machinery Exports in South Korea
Fats Preparation Machinery Price in South Korea (CIF) - 2022
The average fats preparation machinery import price stood at $5,998 per unit in 2022, falling by -42.4% against the previous year. Over the period under review, the import price continues to indicate a deep setback. The most prominent rate of growth was recorded in 2014 when the average import price increased by 32% against the previous year. As a result, import price attained the peak level of $33,821 per unit. From 2015 to 2022, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($37,666 per unit), while the price for Thailand ($75 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+13.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Fats Preparation Machinery Price in South Korea (FOB) - 2022
The average fats preparation machinery export price stood at $13,173 per unit in 2022, rising by 29% against the previous year. Over the period under review, the export price posted buoyant growth. The pace of growth was the most pronounced in 2014 an increase of 460% against the previous year. The export price peaked at $19,678 per unit in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($121,256 per unit), while the average price for exports to Chile ($244 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 Norway (+133.7%), while the prices for the other major destinations experienced more modest paces of growth.
Fats Preparation Machinery Imports in South Korea
In 2022, approx. 41 units of machinery for the extraction or preparation of animal or fixed vegetable fats or oils were imported into South Korea; waning by -72.1% compared with the previous year's figure. Over the period under review, imports faced a precipitous decrease. The growth pace was the most rapid in 2021 with an increase of 96%. Over the period under review, imports attained the maximum at 503 units in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, fats preparation machinery imports fell notably to $246K in 2022. In general, imports faced a precipitous curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 11% against the previous year. Imports peaked at $8.9M in 2019; however, from 2020 to 2022, imports failed to regain momentum.
| Import of Fats Preparation Machinery in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Denmark | 49.9 | 117 | 8.0 | 78.8 | 16.5% |
| Germany | 2,920 | 30.2 | 23.9 | 75.3 | -70.5% |
| China | 290 | 30.5 | 98.9 | 73.4 | -36.7% |
| Sweden | 27.3 | 12.5 | 5.6 | 12.9 | -22.1% |
| Turkey | 6.4 | 0.6 | 3.5 | 2.5 | -26.9% |
| Japan | 275 | 97.7 | 84.8 | 0.5 | -87.8% |
| India | 17.6 | 9.4 | 6.7 | 0.3 | -74.3% |
| Hong Kong SAR | 1.7 | N/A | N/A | 0.2 | -51.0% |
| Thailand | 0.3 | 0.1 | N/A | 0.1 | -30.7% |
| Belgium | 370 | 165 | 189 | N/A | -28.5% |
| South Africa | N/A | N/A | 0.3 | N/A | 0% |
| Singapore | 798 | 357 | 408 | N/A | -28.5% |
| Italy | 850 | 203 | 85.5 | N/A | -68.3% |
| Others | 3,306 | 361 | 617 | 2.0 | -91.5% |
| Total | 8,912 | 1,384 | 1,531 | 246 | -69.8% |
Top Suppliers of Fats Preparation Machinery to South Korea in 2022:
- Denmark (6.0 units)
- China (4.0 units)
- Germany (2.0 units)
- Turkey (1.0 units)
- Japan (1.0 units)
- India (1.0 units)
- Sweden (1.0 units)
- Thailand (1.0 units)
- Hong Kong SAR (1.0 units)
Fats Preparation Machinery Exports in South Korea
In 2022, exports of machinery for the extraction or preparation of animal or fixed vegetable fats or oils from South Korea surged to 63 units, picking up by 43% on 2021 figures. In general, total exports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +17.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +61.5% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 54% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to continue growth in years to come.
In value terms, fats preparation machinery exports soared to $830K in 2022. Overall, exports saw a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 550%. As a result, the exports attained the peak of $1.2M. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Fats Preparation Machinery in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Myanmar | 18.9 | 115 | 51.1 | 384 | 172.9% |
| China | 1.3 | 10.7 | 18.1 | 234 | 464.6% |
| United States | 2.8 | 14.4 | 9.1 | 121 | 250.9% |
| Philippines | 14.1 | 49.0 | 5.7 | 45.3 | 47.6% |
| Vietnam | 2.4 | 35.4 | 3.2 | 9.3 | 57.1% |
| Russia | 106 | 322 | N/A | 5.4 | -62.9% |
| Norway | N/A | 0.1 | N/A | 0.7 | 164.6% |
| Mexico | 0.2 | 0.2 | N/A | 0.6 | 44.2% |
| Indonesia | 0.9 | 53.9 | 1.7 | 0.6 | -12.6% |
| Canada | N/A | 0.2 | 0.1 | 0.3 | 22.5% |
| Chile | N/A | N/A | 0.6 | 0.2 | -66.7% |
| Cambodia | N/A | 0.3 | 0.2 | N/A | -33.3% |
| Australia | 0.7 | 8.0 | N/A | N/A | 1042.9% |
| Others | 34.1 | 572 | 358 | 27.9 | -6.5% |
| Total | 182 | 1,181 | 448 | 830 | 65.8% |
Top Export Markets for Fats Preparation Machinery from South Korea in 2022:
- Philippines (10.0 units)
- Myanmar (8.0 units)
- China (6.0 units)
- Canada (1.0 units)
- Mexico (1.0 units)
- Indonesia (1.0 units)
- United States (1.0 units)
- Vietnam (1.0 units)
- Chile (1.0 units)
- Norway (1.0 units)
- Russia (1.0 units)
This report provides an in-depth analysis of the fats preparation machinery 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 28931780 - Machinery for the extraction or preparation of animal or fixed vegetable fats or oils
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
-
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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