Price for Floating or Submersible Drilling or Production Platforms in South Korea - 2022

Contents:

1. Price for Floating or Submersible Drilling or Production Platforms in South Korea (FOB) - 2022
2. Exports of Floating or Submersible Drilling or Production Platforms in South Korea

Price for Floating or Submersible Drilling or Production Platforms in South Korea (FOB) - 2022

The average export price for floating or submersible drilling or production platformses stood at $292,355,478 per unit in 2022, which is down by -36.8% against the previous year. In general, the export price, however, continues to indicate a resilient expansion. The most prominent rate of growth was recorded in 2021 an increase of 11,246,960% against the previous year. The export price peaked at $736,559,485 per unit in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($977,528,317 per unit), while the average price for exports to Slovenia ($6,845 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 Angola (+2,841.0%), while the prices for the other major destinations experienced more modest paces of growth.

Exports of Floating or Submersible Drilling or Production Platforms in South Korea

In 2022, approx. 4 units of floating or submersible drilling or production platformses were exported from South Korea; which is down by -60% compared with the year before. Over the period under review, exports showed a deep slump. The most prominent rate of growth was recorded in 2021 with an increase of 150%. As a result, the exports reached the peak of 10 units, and then dropped significantly in the following year.

In value terms, exports of floating or submersible drilling or production platformses dropped significantly to $1.2B in 2022. In general, exports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 28,117,551%. As a result, the exports attained the peak of $4.6B, and then dropped notably in the following year.

Top Export Markets for Floating or Submersible Drilling or Production Platforms from South Korea in 2022:

1. United States (1.0 units)
2. Slovenia (1.0 units)
3. Vietnam (1.0 units)
4. India (1.0 units)

Source: IndexBox Market Intelligence Platform