Weaving Machines (Looms) Price in South Korea - 2022
Contents:
- Weaving Machines (Looms) Price in South Korea (CIF) - 2022
- Weaving Machines (Looms) Price in South Korea (FOB) - 2022
- Weaving Machines (Looms) Imports in South Korea
- Weaving Machines (Looms) Exports in South Korea
Weaving Machines (Looms) Price in South Korea (CIF) - 2022
The average weaving machines (looms) import price stood at $21,042 per unit in 2022, which is down by -22.7% against the previous year. Over the period under review, the import price, however, saw a temperate increase. The most prominent rate of growth was recorded in 2017 an increase of 49%. Over the period under review, average import prices hit record highs at $42,774 per unit in 2018; however, from 2019 to 2022, import prices remained at a lower figure.
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 Belgium ($75,433 per unit), while the price for Germany ($3,795 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (+14.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Weaving Machines (Looms) Price in South Korea (FOB) - 2022
In December 2022, the average weaving machines (looms) export price amounted to $41,827 per unit, with an increase of 10% against the previous month. Over the period under review, the export price, however, saw a slight shrinkage. The pace of growth was the most pronounced in February 2022 an increase of 357% against the previous month. Over the period under review, the average export prices attained the maximum at $442K per unit in October 2022; however, from November 2022 to December 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In December 2022, the country with the highest price was Vietnam ($37,257 per unit), while the average price for exports to the United States ($14,103 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 Bangladesh (+7.4%), while the prices for the other major destinations experienced mixed trend patterns.
Weaving Machines (Looms) Imports in South Korea
Weaving machines (looms) imports into South Korea fell notably to 515 units in 2022, with a decrease of -32.7% against the year before. Overall, imports showed a abrupt decline. The growth pace was the most rapid in 2021 with an increase of 127% against the previous year. As a result, imports attained the peak of 765 units, and then fell dramatically in the following year.
In value terms, weaving machines (looms) imports shrank markedly to $11M in 2022. Over the period under review, imports faced a abrupt setback. The growth pace was the most rapid in 2021 when imports increased by 101% against the previous year. As a result, imports attained the peak of $21M, and then dropped markedly in the following year.
| Import of Weaving Machines (Looms) in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1.2 | 1.6 | 6.1 | 3.5 | 42.9% |
| Japan | 7.6 | 2.9 | 4.5 | 3.1 | -25.8% |
| Italy | 4.8 | 2.2 | 3.7 | 2.8 | -16.4% |
| Belgium | 3.5 | 1.0 | 3.7 | 0.6 | -44.4% |
| Switzerland | 0.2 | 0.6 | 0.1 | 0.5 | 35.7% |
| Turkey | N/A | 0.7 | 0.6 | 0.2 | -46.5% |
| Germany | 2.0 | 1.0 | 2.0 | N/A | 0.0% |
| Others | 0.4 | 0.3 | 0.2 | 0.1 | -37.0% |
| Total | 19.8 | 10.3 | 20.8 | 10.8 | -18.3% |
Top Suppliers of Weaving Machines (Looms) to South Korea in 2022:
- China (200.0 units)
- Japan (168.0 units)
- Italy (117.0 units)
- Switzerland (13.0 units)
- Belgium (8.0 units)
- Turkey (3.0 units)
- Germany (1.0 units)
Weaving Machines (Looms) Exports in South Korea
Weaving machines (looms) exports from South Korea soared to 256 units in 2022, picking up by 59% on 2021. Overall, exports, however, recorded a abrupt contraction. Over the period under review, the exports reached the peak figure at 361 units in 2020; however, from 2021 to 2022, the exports failed to regain momentum.
In value terms, weaving machines (looms) exports skyrocketed to $11M in 2022. In general, exports, however, saw a relatively flat trend pattern. The exports peaked at $15M in 2020; however, from 2021 to 2022, the exports remained at a lower figure.
| Export of Weaving Machines (Looms) in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 5.5 | 6.8 | 3.0 | 4.0 | -10.1% |
| India | 0.8 | 0.7 | 0.6 | 2.0 | 35.7% |
| China | 1.2 | 3.3 | 1.2 | 1.2 | 0.0% |
| Indonesia | 0.9 | 1.1 | 0.8 | 1.1 | 6.9% |
| United Arab Emirates | N/A | 0.3 | N/A | 0.6 | 41.4% |
| Pakistan | 0.2 | 0.8 | 1.1 | 0.5 | 35.7% |
| Turkey | 0.4 | 0.1 | 0.2 | 0.3 | -9.1% |
| Bangladesh | 0.3 | 0.3 | 0.5 | 0.2 | -12.6% |
| Uzbekistan | N/A | 0.6 | N/A | N/A | 0% |
| Poland | N/A | N/A | N/A | N/A | 0% |
| Others | 1.6 | 0.7 | 0.5 | 0.8 | -20.6% |
| Total | 11.1 | 14.7 | 7.9 | 10.8 | -0.9% |
Top Export Markets for Weaving Machines (Looms) from South Korea in 2022:
- Vietnam (91.0 units)
- India (53.0 units)
- Indonesia (32.0 units)
- United Arab Emirates (18.0 units)
- China (13.0 units)
- Pakistan (8.0 units)
- Bangladesh (7.0 units)
- Turkey (5.0 units)
- Poland (5.0 units)
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