Republic of Korea - Dumpers For Off-Highway Use - Market Analysis, Forecast, Size, Trends And Insights
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View PricingOff-Highway Dumper Price in South Korea - 2022
Contents:
- Off-Highway Dumper Price in South Korea (CIF) - 2022
- Off-Highway Dumper Price in South Korea (FOB) - 2022
- Off-Highway Dumper Imports in South Korea
- Off-Highway Dumper Exports in South Korea
Off-Highway Dumper Price in South Korea (CIF) - 2022
The average off-highway dumper import price stood at $165,962 per unit in 2022, surging by 11% against the previous year. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 69%. As a result, import price attained the peak level of $266,730 per unit. From 2014 to 2022, the average import prices remained at a somewhat 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 Germany ($416,946 per unit), while the price for China ($45,244 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+89.0%), while the prices for the other major suppliers experienced a decline.
Off-Highway Dumper Price in South Korea (FOB) - 2022
In 2022, the average off-highway dumper export price amounted to $44,604 per unit, picking up by 126% against the previous year. Over the period under review, the export price, however, continues to indicate a abrupt decrease. The export price peaked at $97,968 per unit in 2012; however, from 2013 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 Indonesia ($183,135 per unit), while the average price for exports to Guinea ($7,470 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 Indonesia (+11.4%), while the prices for the other major destinations experienced mixed trend patterns.
Off-Highway Dumper Imports in South Korea
In 2022, overseas purchases of dumpers for off-highway use decreased by -23% to 47 units, falling for the second consecutive year after two years of growth. Over the period under review, imports showed a abrupt contraction. The growth pace was the most rapid in 2020 when imports increased by 118%. As a result, imports reached the peak of 122 units. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, off-highway dumper imports dropped to $7.8M in 2022. Overall, imports showed a pronounced reduction. The growth pace was the most rapid in 2020 when imports increased by 162%. As a result, imports reached the peak of $22M. From 2021 to 2022, the growth of imports failed to regain momentum.
| Import of Off-Highway Dumper in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 0.8 | 3.2 | 1.3 | 2.7 | 50.0% |
| Germany | 0.7 | 5.0 | N/A | 2.5 | 52.9% |
| Japan | 1.3 | 3.8 | 1.4 | 0.8 | -14.9% |
| Sweden | 0.6 | 1.2 | 1.2 | 0.6 | 0.0% |
| Finland | 1.7 | 0.6 | 0.7 | 0.5 | -33.5% |
| Norway | N/A | N/A | 0.4 | 0.4 | 0.0% |
| United States | 0.9 | 0.7 | 0.9 | 0.2 | -39.4% |
| China | 2.2 | 0.8 | 3.2 | N/A | 20.6% |
| India | N/A | 6.3 | N/A | N/A | 0% |
| Others | 0.1 | 0.2 | 0.1 | N/A | 0.0% |
| Total | 8.3 | 21.7 | 9.1 | 7.8 | -2.0% |
Top Suppliers of Off-Highway Dumper to South Korea in 2022:
- Japan (15.0 units)
- United Kingdom (14.0 units)
- Germany (6.0 units)
- United States (4.0 units)
- Sweden (3.0 units)
- Finland (2.0 units)
- Norway (2.0 units)
- China (1.0 units)
Off-Highway Dumper Exports in South Korea
For the third consecutive year, South Korea recorded decline in overseas shipments of dumpers for off-highway use, which decreased by -58.9% to 44 units in 2022. Overall, exports recorded a precipitous curtailment. The smallest decline of -37.5% was in 2020. The exports peaked at 464 units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, off-highway dumper exports contracted to $2M in 2022. In general, exports faced a dramatic shrinkage. Over the period under review, the exports hit record highs at $13M in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
| Export of Off-Highway Dumper in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Solomon Islands | 234 | N/A | N/A | 617 | 38.2% |
| Indonesia | 18.7 | N/A | 53.0 | 366 | 169.5% |
| United Arab Emirates | 411 | N/A | 55.7 | 281 | -11.9% |
| Philippines | 392 | 90.2 | 39.2 | 107 | -35.1% |
| Chile | 59.5 | N/A | 15.1 | 44.8 | -9.0% |
| Ghana | 72.4 | 40.7 | 23.1 | 40.6 | -17.5% |
| Cambodia | 5,058 | 2,242 | 880 | 40.2 | -80.0% |
| Dominican Republic | 27.9 | N/A | N/A | 33.4 | 6.2% |
| Mongolia | 2.6 | 30.6 | 8.2 | 17.8 | 89.9% |
| Guatemala | N/A | 24.1 | N/A | 13.9 | -24.1% |
| Libya | 251 | 187 | 53.4 | 12.3 | -63.4% |
| Yemen | 184 | 34.1 | 3.8 | 9.4 | -62.9% |
| Guinea | 2.3 | N/A | 3.7 | 7.5 | 48.3% |
| Others | 6,471 | 1,672 | 981 | 372 | -61.4% |
| Total | 13,184 | 4,321 | 2,116 | 1,963 | -47.0% |
Top Export Markets for Off-Highway Dumper from South Korea in 2022:
- United Arab Emirates (9.0 units)
- Philippines (6.0 units)
- Solomon Islands (5.0 units)
- Ghana (3.0 units)
- Chile (3.0 units)
- Indonesia (2.0 units)
- Cambodia (2.0 units)
- Mongolia (2.0 units)
- Dominican Republic (2.0 units)
- Libya (1.0 units)
- Guinea (1.0 units)
- Guatemala (1.0 units)
- Yemen (1.0 units)
This report provides an in-depth analysis of the off-highway dumper 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 28922900 - Dumpers for off-highway use
- Prodcom 28922810 -
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
-
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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