Republic of Korea: Manure Spreader Market 2024

Manure Spreader Market Size in Republic of Korea

The South Korean manure spreader market expanded to $X in 2023, with an increase of X% against the previous year. In general, consumption posted a strong expansion. Manure spreader consumption peaked at $X in 2021; however, from 2022 to 2023, consumption remained at a lower figure.

Manure Spreader Production in Republic of Korea

In value terms, manure spreader production expanded to $X in 2023 estimated in export price. Overall, production enjoyed a buoyant expansion. The pace of growth was the most pronounced in 2017 when the production volume increased by X%. Over the period under review, production reached the maximum level at $X in 2021; however, from 2022 to 2023, production stood at a somewhat lower figure.

Manure Spreader Exports

Exports from Republic of Korea

After seven years of growth, overseas shipments of manure spreaders and fertilizer distributors decreased by X% to X units in 2023. The total export volume increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 when exports increased by X%. The exports peaked at X units in 2022, and then contracted in the following year.

In value terms, manure spreader exports contracted to $X in 2023. In general, exports, however, continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, the exports attained the peak figure at $X in 2022, and then reduced in the following year.

Exports by Country

Australia (X units), Chile (X units) and the United States (X units) were the main destinations of manure spreader exports from South Korea, together comprising X% of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for manure spreader exported from South Korea were China ($X), Australia ($X) and Chile ($X), with a combined X% share of total exports.

Among the main countries of destination, China, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average manure spreader export price stood at $X per unit in 2023, falling by X% against the previous year. Overall, export price indicated perceptible growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, manure spreader export price increased by X% against 2016 indices. The growth pace was the most rapid in 2018 an increase of X%. The export price peaked at $X per unit in 2022, and then declined modestly in the following year.

There were significant differences in the average prices for the major overseas markets. In 2023, amid the top suppliers, the country with the highest price was China ($X per unit), while the average price for exports to Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to China (X%), while the prices for the other major destinations experienced more modest paces of growth.

Manure Spreader Imports

Imports into Republic of Korea

In 2023, after eight years of decline, there was significant growth in supplies from abroad of manure spreaders and fertilizer distributors, when their volume increased by X% to X units. Overall, imports, however, saw a mild downturn. The growth pace was the most rapid in 2013 when imports increased by X%. Imports peaked at X units in 2014; however, from 2015 to 2023, imports failed to regain momentum.

In value terms, manure spreader imports reached $X in 2023. In general, total imports indicated mild growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports decreased by X% against 2014 indices. The pace of growth was the most pronounced in 2013 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2023, imports failed to regain momentum.

Imports by Country

Ireland (X units), Japan (X units) and Taiwan (Chinese) (X units) were the main suppliers of manure spreader imports to South Korea, with a combined X% share of total imports. Moreover, manure spreader imports in Ireland exceeded the figures recorded by the second-largest supplier, Japan, twofold.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Ireland (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest manure spreader suppliers to South Korea were the Netherlands ($X), Japan ($X) and Taiwan (Chinese) ($X), together comprising X% of total imports. Ireland, the United States, Turkey, China, Italy, Denmark and Australia lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, Ireland, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the average manure spreader import price amounted to $X per unit, with a decrease of X% against the previous year. Overall, import price indicated a notable increase from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, manure spreader import price increased by X% against 2015 indices. The pace of growth appeared the most rapid in 2016 an increase of X% against the previous year. Over the period under review, average import prices reached the peak figure at $X per unit in 2022, and then shrank slightly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was the Netherlands ($X per unit), while the price for Australia ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform