Republic of Korea - Machinery For Moulding Or Retreading Pneumatic Tyres - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Pneumatic Tyre Retreading Machinery in South Korea - 2022
Contents:
- Price for Pneumatic Tyre Retreading Machinery in South Korea (FOB) - 2022
- Price for Pneumatic Tyre Retreading Machinery in South Korea (CIF) - 2022
- Exports of Pneumatic Tyre Retreading Machinery in South Korea
- Imports of Pneumatic Tyre Retreading Machinery in South Korea
Price for Pneumatic Tyre Retreading Machinery in South Korea (FOB) - 2022
In 2022, the average pneumatic tyre retreading machinery export price amounted to $15,978 per unit, falling by -49% against the previous year. In general, the export price recorded a deep slump. The growth pace was the most rapid in 2021 when the average export price increased by 5,665%. The export price peaked at $108,336 per unit in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Indonesia ($45,878 per unit), while the average price for exports to Vietnam ($12,714 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 Taiwan (Chinese) (+35.3%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Pneumatic Tyre Retreading Machinery in South Korea (CIF) - 2022
In 2022, the average pneumatic tyre retreading machinery import price amounted to $3,682 per unit, rising by 66% against the previous year. Overall, the import price recorded notable growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
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 Vietnam ($19,602 per unit), while the price for Hong Kong SAR ($264 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (-0.8%), while the prices for the other major suppliers experienced a decline.
Exports of Pneumatic Tyre Retreading Machinery in South Korea
In 2022, the amount of machinery for moulding or retreading pneumatic tyres exported from South Korea soared to 1.1K units, increasing by 1,580% against 2021. In general, exports continue to indicate a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, pneumatic tyre retreading machinery exports surged to $17M in 2022. Over the period under review, exports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2021 when exports increased by 15,274% against the previous year. The exports peaked in 2022 and are likely to continue growth in the near future.
Export of Pneumatic Tyre Retreading Machinery in South Korea (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Vietnam | 0.7 | N/A | 0.3 | 12.3 | 160.0% |
Indonesia | 0.3 | N/A | 0.2 | 3.2 | 120.1% |
Hungary | 2.0 | N/A | 0.4 | 1.6 | -7.2% |
Others | 4.1 | N/A | 1.1 | N/A | -48.2% |
Total | 7.1 | N/A | 2.0 | 17.2 | 34.3% |
Top Export Markets for Pneumatic Tyre Retreading Machinery from South Korea in 2022:
- Vietnam (967.0 units)
- Indonesia (70.0 units)
- Hungary (36.0 units)
Imports of Pneumatic Tyre Retreading Machinery in South Korea
For the third year in a row, South Korea recorded decline in supplies from abroad of machinery for moulding or retreading pneumatic tyres, which decreased by -97.8% to 6 units in 2022. Over the period under review, imports faced a sharp downturn. The smallest decline of -57% was in 2021. Imports peaked at 2.2K units in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, pneumatic tyre retreading machinery imports dropped remarkably to $22K in 2022. Overall, imports faced a precipitous slump. The smallest decline of -53.8% was in 2021. Imports peaked at $3M in 2019; however, from 2020 to 2022, imports remained at a lower figure.
Import of Pneumatic Tyre Retreading Machinery in South Korea (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Vietnam | N/A | N/A | N/A | 19.6 | 0% |
China | 1,821 | 3.8 | 104 | 1.7 | -90.2% |
United States | 14.8 | 456 | 1.3 | 0.5 | -67.7% |
Hong Kong SAR | N/A | N/A | N/A | 0.3 | 0% |
Japan | 42.2 | 29.4 | 21.9 | N/A | -28.0% |
Netherlands | 1,057 | 720 | 429 | N/A | -36.3% |
Others | 88.0 | 125 | 59.0 | N/A | -18.1% |
Total | 3,023 | 1,333 | 616 | 22.1 | -80.6% |
Top Suppliers of Pneumatic Tyre Retreading Machinery to South Korea in 2022:
- China (2.0 units)
- United States (1.0 units)
- Vietnam (1.0 units)
- Hong Kong SAR (1.0 units)
This report provides an in-depth analysis of the market for pneumatic tyre retreading machinery 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 28961060 - Machinery for moulding or retreading pneumatic tyres...
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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