Republic of Korea - Motors Of An Output Not Exceeding 37.5 W; Other Dc Motors And Dc Generators - Market Analysis, Forecast, Size, Trends and Insights
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View PricingDC Motor Price in South Korea - 2022
Contents:
- DC Motor Price in South Korea (CIF) - 2022
- DC Motor Price in South Korea (FOB) - 2022
- DC Motor Imports in South Korea
- DC Motor Exports in South Korea
DC Motor Price in South Korea (CIF) - 2022
The average DC motor import price stood at $45 per unit in 2022, surging by 64% against the previous year. In general, the import price showed prominent growth. As a result, import price attained 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 the Philippines ($267 per unit), while the price for Vietnam ($8.5 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+31.8%), while the prices for the other major suppliers experienced more modest paces of growth.
DC Motor Price in South Korea (FOB) - 2022
In 2022, the average DC motor export price amounted to $17 per unit, growing by 4.3% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.4%. The growth pace was the most rapid in 2019 an increase of 15% against the previous year. The export price peaked in 2022 and is likely to continue growth in years to come.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Canada ($37 per unit), while the average price for exports to Uzbekistan ($7.8 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 Vietnam (+14.1%), while the prices for the other major destinations experienced more modest paces of growth.
DC Motor Imports in South Korea
In 2022, after three years of growth, there was significant decline in overseas purchases of DC motors, when their volume decreased by -25.8% to 63M units. In general, total imports indicated a measured increase from 2019 to 2022: its volume increased at an average annual rate of +3.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +11.6% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 43%. As a result, imports attained the peak of 85M units, and then shrank remarkably in the following year.
In value terms, DC motor imports soared to $2.8B in 2022. Overall, imports, however, posted a significant expansion. The pace of growth was the most pronounced in 2021 when imports increased by 79% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to see gradual growth in years to come.
Import of DC Motor in South Korea (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 569 | 700 | 1,276 | 1,304 | 31.8% |
Philippines | 73.3 | 212 | 636 | 1,048 | 142.7% |
Vietnam | 74.6 | 82.3 | 79.1 | 88.6 | 5.9% |
Japan | 81.5 | 111 | 92.5 | 73.1 | -3.6% |
Others | 220 | 196 | 239 | 311 | 12.2% |
Total | 1,019 | 1,301 | 2,323 | 2,825 | 40.5% |
Top Suppliers of DC Motor to South Korea in 2022:
- China (42.5M units)
- Vietnam (10.5M units)
- Philippines (3.9M units)
- Japan (0.9M units)
DC Motor Exports in South Korea
In 2022, exports of DC motors from South Korea totaled 53M units, remaining stable against the previous year's figure. The total export volume increased at an average annual rate of +1.2% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 13% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
In value terms, DC motor exports expanded significantly to $906M in 2022. The total export value increased at an average annual rate of +1.2% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The growth pace was the most rapid in 2021 when exports increased by 13%. The exports peaked in 2022 and are likely to see gradual growth in the near future.
Export of DC Motor in South Korea (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 293 | 261 | 298 | 295 | 0.2% |
China | 192 | 146 | 154 | 144 | -9.1% |
Mexico | 65.9 | 59.2 | 89.1 | 107 | 17.5% |
Slovakia | 27.0 | 31.4 | 44.5 | 43.6 | 17.3% |
India | 34.4 | 27.4 | 29.8 | 42.7 | 7.5% |
Canada | 32.4 | 25.9 | 38.8 | 40.5 | 7.7% |
Vietnam | 31.4 | 32.1 | 25.1 | 26.4 | -5.6% |
Japan | 24.7 | 22.2 | 21.0 | 19.0 | -8.4% |
Czech Republic | 13.2 | 11.4 | 17.8 | 16.5 | 7.7% |
Thailand | 13.0 | 13.1 | 13.1 | 8.7 | -12.5% |
Uzbekistan | 9.7 | 9.5 | 6.1 | 7.9 | -6.6% |
Others | 136 | 124 | 125 | 154 | 4.2% |
Total | 873 | 763 | 862 | 906 | 1.2% |
Top Export Markets for DC Motor from South Korea in 2022:
- United States (17.2M units)
- Mexico (8.6M units)
- China (7.4M units)
- India (4.0M units)
- Slovakia (2.5M units)
- Japan (1.7M units)
- Vietnam (1.2M units)
- Canada (1.1M units)
- Uzbekistan (1.0M units)
- Thailand (0.8M units)
- Czech Republic (0.7M units)
This report provides an in-depth analysis of the dc motor market 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 27111010 - Electric motors of an output . .37,5 W (including synchronous motors . .18 W, universal AC/DC motors, AC and DC motors)
- Prodcom 27111030 - DC motors and generators of an output > .37,5 W but . .750 W (excluding starter motors for internal combustion engines)
- Prodcom 27111053 -
- Prodcom 27111055 -
- Prodcom 27111070 - DC motors and generators of an output > .75 kW but . .375 kW (excluding starter motors for internal combustion engines)
- Prodcom 27111090 - DC motors and generators of an output > .375 kW (excluding starter motors for internal combustion engines)
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
This report provides an in-depth analysis of the dc motor market in Republic of Korea.
This report provides an in-depth analysis of the ac/dc motor market in Republic of Korea.
This report provides an in-depth analysis of the global dc motor market.
This report provides an in-depth analysis of the global ac/dc motor market.
This report provides an in-depth analysis of the dc motor market in Republic of Korea.
This report provides an in-depth analysis of the ac/dc motor market in Republic of Korea.
This report provides an in-depth analysis of the global dc motor market.
This report provides an in-depth analysis of the global ac/dc motor market.
In 2016, approx. X tons of motor were imported worldwide- flattening at the previous year level. In general, motor imports continue to indicate a drastic deduction. The pace of growth was the mos...
China continued its dominance in the global motor trade. In 2014, China exported X million units of motors totaling X million USD, X% over the previous year. Its primary trading partner was the U.S., where it supplied X% of its total motor ex
China seized control of the AC/DC motor market. In 2014, China exported X kt of AC/DC motors totaling $X, X% over the previous year. Its primary trading partner was the U.S., where it supplied X% of its total AC/DC motor exports in value term
In 2016, approx. X tons of motor were imported worldwide- flattening at the previous year level. In general, motor imports continue to indicate a drastic deduction. The pace of growth was the mos...
China continued its dominance in the global motor trade. In 2014, China exported X million units of motors totaling X million USD, X% over the previous year. Its primary trading partner was the U.S., where it supplied X% of its total motor ex
China seized control of the AC/DC motor market. In 2014, China exported X kt of AC/DC motors totaling $X, X% over the previous year. Its primary trading partner was the U.S., where it supplied X% of its total AC/DC motor exports in value term