Price for Machine-Tools; Parts and Accessories, Tool Holders and Self-Opening Dieheads in South Korea - 2022
Contents:
- Price for Machine-Tools; Parts and Accessories, Tool Holders and Self-Opening Dieheads in South Korea (FOB) - 2022
- Price for Machine-Tools; Parts and Accessories, Tool Holders and Self-Opening Dieheads in South Korea (CIF) - 2022
- Exports of Machine-Tools; Parts and Accessories, Tool Holders and Self-Opening Dieheads in South Korea
- Imports of Machine-Tools; Parts and Accessories, Tool Holders and Self-Opening Dieheads in South Korea
Price for Machine-Tools; Parts and Accessories, Tool Holders and Self-Opening Dieheads in South Korea (FOB) - 2022
In December 2022, the average export price for machine-tools; parts and accessories, tool holders and self-opening dieheadses amounted to $86,378 per ton, declining by -15.8% against the previous month. Overall, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in February 2022 an increase of 14% m-o-m. The export price peaked at $116K per ton in July 2022; however, from August 2022 to December 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In December 2022, the country with the highest price was Malaysia ($274K per ton), while the average price for exports to China ($27,359 per ton) 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 Israel (+7.7%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Machine-Tools; Parts and Accessories, Tool Holders and Self-Opening Dieheads in South Korea (CIF) - 2022
The average import price for machine-tools; parts and accessories, tool holders and self-opening dieheadses stood at $31,676 per ton in December 2022, declining by -28.4% against the previous month. Over the period under review, import price indicated a temperate increase from December 2021 to December 2022: its price increased at an average monthly rate of +2.7% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2022 figures, import price for machine-tools; parts and accessories, tool holders and self-opening dieheadses decreased by -29.0% against September 2022 indices. The most prominent rate of growth was recorded in September 2022 when the average import price increased by 88% m-o-m. As a result, import price attained the peak level of $44,617 per ton. From October 2022 to December 2022, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In December 2022, the country with the highest price was Japan ($174K per ton), while the price for Taiwan (Chinese) ($10,042 per ton) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by China (+6.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Machine-Tools; Parts and Accessories, Tool Holders and Self-Opening Dieheads in South Korea
Exports of machine-tools; parts and accessories, tool holders and self-opening dieheadses from South Korea totaled 828 tons in 2022, increasing by 1.6% against the year before. Overall, exports, however, showed a pronounced downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 9%.
In value terms, exports of machine-tools; parts and accessories, tool holders and self-opening dieheadses fell modestly to $71M in 2022. In general, exports, however, recorded a noticeable descent. The pace of growth appeared the most rapid in 2021 with an increase of 18% against the previous year.
| Export of Machine-Tools; Parts and Accessories, Tool Holders and Self-Opening Dieheads in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 14.1 | 11.3 | 13.2 | 14.8 | 1.6% |
| Japan | 14.5 | 10.2 | 11.3 | 9.1 | -14.4% |
| China | 10.2 | 7.9 | 9.5 | 9.0 | -4.1% |
| Belgium | 8.8 | 6.1 | 6.8 | 6.8 | -8.2% |
| Germany | 9.3 | 6.5 | 5.9 | 5.9 | -14.1% |
| Russia | 3.1 | 2.6 | 2.7 | 3.7 | 6.1% |
| India | 2.4 | 1.8 | 2.1 | 2.8 | 5.3% |
| Turkey | 1.2 | 1.7 | 2.6 | 2.5 | 27.7% |
| Vietnam | 3.1 | 1.6 | 1.4 | 2.4 | -8.2% |
| Italy | 1.2 | 1.0 | 1.5 | 2.1 | 20.5% |
| Israel | 1.2 | 0.5 | 0.9 | 1.0 | -5.9% |
| France | 2.2 | 1.1 | 1.3 | 0.7 | -31.7% |
| Others | 11.0 | 8.6 | 12.5 | 10.3 | -2.2% |
| Total | 82.3 | 60.8 | 71.8 | 71.0 | -4.8% |
Top Export Markets for Machine-Tools; Parts and Accessories, Tool Holders and Self-Opening Dieheads from South Korea in 2022:
- China (154.3 tons)
- United States (151.0 tons)
- Japan (144.1 tons)
- Germany (67.6 tons)
- Belgium (42.4 tons)
- Russia (35.7 tons)
- India (34.5 tons)
- Vietnam (26.7 tons)
- Turkey (24.9 tons)
- Israel (21.8 tons)
- Italy (20.3 tons)
- France (10.9 tons)
Imports of Machine-Tools; Parts and Accessories, Tool Holders and Self-Opening Dieheads in South Korea
In 2022, approx. 560 tons of machine-tools; parts and accessories, tool holders and self-opening dieheadses were imported into South Korea; waning by -4.2% against 2021 figures. In general, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 29%. As a result, imports reached the peak of 585 tons, and then shrank in the following year.
In value terms, imports of machine-tools; parts and accessories, tool holders and self-opening dieheadses totaled $50M in 2022. The total import value increased at an average annual rate of +3.7% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 30%. Over the period under review, imports of hit record highs in 2022 and are likely to see steady growth in the immediate term.
| Import of Machine-Tools; Parts and Accessories, Tool Holders and Self-Opening Dieheads in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 21.2 | 13.9 | 16.3 | 14.5 | -11.9% |
| Japan | 6.9 | 6.4 | 8.7 | 9.1 | 9.7% |
| India | 4.3 | 4.4 | 8.1 | 7.1 | 18.2% |
| Singapore | 3.3 | 3.3 | 5.2 | 4.8 | 13.3% |
| Israel | 0.5 | 0.9 | 1.2 | 4.6 | 109.5% |
| China | 2.0 | 2.2 | 3.1 | 2.9 | 13.2% |
| Italy | 0.7 | 0.7 | 1.0 | 1.2 | 19.7% |
| Malaysia | 0.6 | 0.3 | 0.7 | 0.7 | 5.3% |
| Others | 5.7 | 6.7 | 6.1 | 5.6 | -0.6% |
| Total | 45.3 | 38.7 | 50.4 | 50.4 | 3.6% |
Top Suppliers of Machine-Tools; Parts and Accessories, Tool Holders and Self-Opening Dieheads to South Korea in 2022:
- China (190.7 tons)
- Germany (92.8 tons)
- Japan (80.4 tons)
- India (52.8 tons)
- Singapore (38.0 tons)
- Israel (37.5 tons)
- Malaysia (25.5 tons)
- Italy (8.6 tons)
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