Republic of Korea - Fuel, Lubricating Or Cooling-Medium Pumps For Internal Combustion Engines - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Fuel or Lubricating Pump in South Korea - 2022
Contents:
- Price for Fuel or Lubricating Pump in South Korea (CIF) - 2022
- Price for Fuel or Lubricating Pump in South Korea (FOB) - 2022
- Imports of Fuel or Lubricating Pump in South Korea
- Exports of Fuel or Lubricating Pump in South Korea
Price for Fuel or Lubricating Pump in South Korea (CIF) - 2022
In December 2022, the average fuel or lubricating pump import price amounted to $15.5 per unit, growing by 17% against the previous month. In general, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in August 2022 when the average import price increased by 21% against the previous month. Over the period under review, average import prices hit record highs at $16.4 per unit in June 2022; however, from July 2022 to December 2022, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In December 2022, the country with the highest price was the United States ($57.0 per unit), while the price for Japan ($7.9 per unit) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by the United States (+6.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Fuel or Lubricating Pump in South Korea (FOB) - 2022
In December 2022, the average fuel or lubricating pump export price amounted to $8.2 per unit, approximately mirroring the previous month. Overall, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in February 2022 when the average export price increased by 11% against the previous month. As a result, the export price attained the peak level of $8.3 per unit. From March 2022 to December 2022, the the average export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In December 2022, the country with the highest price was Slovakia ($15.1 per unit), while the average price for exports to Brazil ($3.8 per unit) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to Slovakia (+1.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Fuel or Lubricating Pump in South Korea
Fuel or lubricating pump imports into South Korea contracted dramatically to 12M units in 2022, reducing by -35.8% against the previous year. In general, imports showed a significant decrease. The most prominent rate of growth was recorded in 2021 when imports increased by 31% against the previous year. Imports peaked at 29M units in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, fuel or lubricating pump imports fell rapidly to $426M in 2022. Over the period under review, imports, however, saw strong growth. The most prominent rate of growth was recorded in 2021 with an increase of 108% against the previous year. As a result, imports reached the peak of $575M, and then fell markedly in the following year.
| Import of Fuel or Lubricating Pump in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Czech Republic | 62.1 | 68.8 | 132 | 95.6 | 15.5% |
| China | 49.5 | 30.7 | 71.2 | 51.5 | 1.3% |
| Germany | 46.2 | 33.1 | 51.6 | 40.6 | -4.2% |
| Japan | 37.8 | 26.8 | 50.6 | 36.6 | -1.1% |
| Vietnam | 11.2 | 16.6 | 49.9 | 36.1 | 47.7% |
| Norway | 26.4 | 16.0 | 43.1 | 31.1 | 5.6% |
| Romania | 19.3 | 19.9 | 42.1 | 30.4 | 16.4% |
| United States | 13.4 | 11.6 | 25.5 | 18.4 | 11.1% |
| Turkey | 14.6 | 11.4 | 16.6 | 13.3 | -3.1% |
| Italy | 4.0 | 4.9 | 9.8 | 7.1 | 21.1% |
| Thailand | 12.7 | 3.6 | 1.5 | 6.0 | -22.1% |
| Brazil | 3.6 | 2.3 | 5.2 | 3.8 | 1.8% |
| Slovenia | 0.4 | 0.2 | 2.4 | 1.7 | 62.0% |
| Others | 20.6 | 31.2 | 73.5 | 54.2 | 38.1% |
| Total | 322 | 277 | 575 | 426 | 9.8% |
Top Suppliers of Fuel or Lubricating Pump to South Korea in 2022:
- Czech Republic (2694.1K units)
- China (2243.6K units)
- Japan (1771.3K units)
- Germany (913.6K units)
- Vietnam (650.5K units)
- Romania (611.9K units)
- Norway (534.8K units)
- Turkey (525.1K units)
- Thailand (376.3K units)
- Italy (299.8K units)
- Slovenia (295.0K units)
- United States (206.2K units)
- Brazil (201.5K units)
Exports of Fuel or Lubricating Pump in South Korea
In 2022, approx. 44M units of fuel, lubricating or cooling-medium pumps for internal combustion engines were exported from South Korea; with a decrease of -5.9% on the previous year's figure. In general, exports saw a deep setback. The growth pace was the most rapid in 2021 with an increase of 23%. The exports peaked at 58M units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, fuel or lubricating pump exports declined remarkably to $514M in 2022. Over the period under review, total exports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +8.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +27.9% against 2019 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 51%. As a result, the exports attained the peak of $618M, and then dropped notably in the following year.
| Export of Fuel or Lubricating Pump in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 131 | 141 | 224 | 176 | 10.3% |
| Slovakia | 79.5 | 60.3 | 98.1 | 81.8 | 1.0% |
| China | 53.7 | 54.9 | 64.1 | 59.4 | 3.4% |
| Mexico | 25.1 | 21.8 | 32.6 | 27.2 | 2.7% |
| United Kingdom | 17.2 | 26.0 | 26.6 | 23.4 | 10.8% |
| United Arab Emirates | 9.6 | 12.9 | 23.2 | 18.3 | 24.0% |
| Japan | 18.4 | 9.6 | 19.9 | 16.8 | -3.0% |
| Brazil | 7.9 | 10.0 | 18.8 | 14.8 | 23.3% |
| Uzbekistan | 12.2 | 15.0 | 14.7 | 14.4 | 5.7% |
| Germany | 6.0 | 8.3 | 13.5 | 10.6 | 20.9% |
| Czech Republic | N/A | 4.0 | 8.0 | 6.3 | 25.5% |
| Turkey | 0.9 | 2.0 | 2.0 | 1.6 | 21.1% |
| Others | 40.4 | 43.8 | 72.8 | 63.0 | 16.0% |
| Total | 402 | 410 | 618 | 514 | 8.5% |
Top Export Markets for Fuel or Lubricating Pump from South Korea in 2022:
- United States (13.6M units)
- Slovakia (5.6M units)
- China (4.2M units)
- Brazil (2.8M units)
- United Arab Emirates (2.8M units)
- Uzbekistan (1.7M units)
- United Kingdom (1.7M units)
- Mexico (1.5M units)
- Japan (1.5M units)
- Germany (1.5M units)
- Czech Republic (1.1M units)
- Turkey (0.7M units)
This report provides an in-depth analysis of the market for fuel or lubricating pump 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 28131165 - Fuel, lubricating or cooling-medium pumps for internal combustion engines
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
-
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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