Price for Non-Electric Iron or Steel Central Heating Radiator Other than of Cast Iron in South Korea - 2022
Contents:
- Price for Non-Electric Iron or Steel Central Heating Radiator Other than of Cast Iron in South Korea (FOB) - 2022
- Price for Non-Electric Iron or Steel Central Heating Radiator Other than of Cast Iron in South Korea (CIF) - 2022
- Exports of Non-Electric Iron or Steel Central Heating Radiator Other than of Cast Iron in South Korea
- Imports of Non-Electric Iron or Steel Central Heating Radiator Other than of Cast Iron in South Korea
Price for Non-Electric Iron or Steel Central Heating Radiator Other than of Cast Iron in South Korea (FOB) - 2022
The average export price for non-electric iron or steel central heating radiators other than of cast iron stood at $18 per unit in 2022, picking up by 98% against the previous year. In general, the export price recorded strong growth. The pace of growth appeared the most rapid in 2017 when the average export price increased by 101%. Over the period under review, the average export prices attained the maximum in 2022 and is expected to retain growth in the near future.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Saudi Arabia ($66 per unit), while the average price for exports to Sierra Leone ($0.5 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 Sierra Leone (+37.1%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Non-Electric Iron or Steel Central Heating Radiator Other than of Cast Iron in South Korea (CIF) - 2022
The average import price for non-electric iron or steel central heating radiators other than of cast iron stood at $14 per unit in 2022, increasing by 26% against the previous year. In general, the import price posted a remarkable increase. The growth pace was the most rapid in 2021 an increase of 156%. The import price peaked in 2022 and is expected to retain growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($133 per unit), while the price for the United States ($6.7 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+11.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Non-Electric Iron or Steel Central Heating Radiator Other than of Cast Iron in South Korea
In 2022, the amount of non-electric iron or steel central heating radiators other than of cast iron exported from South Korea fell rapidly to 32K units, with a decrease of -44.5% on the previous year. Over the period under review, exports recorded a precipitous shrinkage. The growth pace was the most rapid in 2021 with an increase of 4.8% against the previous year. The exports peaked at 98K units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, exports of non-electric iron or steel central heating radiators other than of cast iron reached $576K in 2022. Overall, exports continue to indicate a precipitous shrinkage. The exports peaked at $1.5M in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
| Export of Non-Electric Iron or Steel Central Heating Radiator Other than of Cast Iron in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 877 | 567 | 253 | 338 | -27.2% |
| India | N/A | 2.7 | N/A | 69.2 | 406.3% |
| Saudi Arabia | 3.5 | 3.6 | N/A | 68.0 | 168.8% |
| United States | 1.3 | 10.3 | 27.8 | 15.7 | 129.4% |
| Malaysia | 0.1 | N/A | N/A | 15.3 | 434.8% |
| United Arab Emirates | N/A | N/A | 54.9 | 3.3 | -94.0% |
| Lebanon | 429 | N/A | N/A | 1.4 | -85.2% |
| Sierra Leone | N/A | N/A | 1.0 | 1.0 | 0.0% |
| Brazil | N/A | 66.3 | 1.0 | 0.1 | -96.1% |
| Thailand | 76.1 | N/A | N/A | N/A | 0% |
| Indonesia | N/A | 116 | 42.9 | N/A | -63.0% |
| Others | 79.9 | 45.2 | 143 | 63.8 | -7.2% |
| Total | 1,467 | 811 | 524 | 576 | -26.8% |
Top Export Markets for Non-Electric Iron or Steel Central Heating Radiator Other than of Cast Iron from South Korea in 2022:
- Japan (18.0K units)
- India (3.8K units)
- Sierra Leone (2.1K units)
- United States (2.0K units)
- Malaysia (1.2K units)
- United Arab Emirates (1.1K units)
- Saudi Arabia (1.0K units)
- Lebanon (0.1K units)
Imports of Non-Electric Iron or Steel Central Heating Radiator Other than of Cast Iron in South Korea
Imports of non-electric iron or steel central heating radiators other than of cast iron into South Korea shrank notably to 30K units in 2022, reducing by -52.9% against the previous year. Overall, imports continue to indicate a sharp downturn. The smallest decline of -3.7% was in 2020. Imports peaked at 175K units in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, imports of non-electric iron or steel central heating radiators other than of cast iron declined significantly to $421K in 2022. In general, imports faced a significant contraction. The smallest decline of -4.5% was in 2021. Over the period under review, imports of attained the maximum at $1M in 2019; however, from 2020 to 2022, imports failed to regain momentum.
| Import of Non-Electric Iron or Steel Central Heating Radiator Other than of Cast Iron in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 248 | 519 | 330 | 252 | 0.5% |
| Sweden | N/A | N/A | 243 | 80.0 | -67.1% |
| Japan | 66.6 | 68.8 | 79.7 | 78.4 | 5.6% |
| Italy | 575 | 5.3 | 30.1 | 4.0 | -80.9% |
| United States | 26.8 | 11.5 | 5.6 | 3.6 | -48.8% |
| Singapore | N/A | 116 | N/A | N/A | 0% |
| Others | 103 | 20.1 | 18.1 | 2.5 | -71.0% |
| Total | 1,020 | 740 | 707 | 421 | -25.5% |
Top Suppliers of Non-Electric Iron or Steel Central Heating Radiator Other than of Cast Iron to South Korea in 2022:
- China (25.3K units)
- Sweden (2.8K units)
- Japan (0.6K units)
- United States (0.5K units)
- Italy (0.2K units)
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