Price for Baby Carriages and Parts Thereof in South Korea - 2022
Contents:
- Price for Baby Carriages and Parts Thereof in South Korea (CIF) - 2022
- Price for Baby Carriages and Parts Thereof in South Korea (FOB) - 2022
- Imports of Baby Carriages and Parts Thereof in South Korea
- Exports of Baby Carriages and Parts Thereof in South Korea
Price for Baby Carriages and Parts Thereof in South Korea (CIF) - 2022
The average import price for baby carriages and parts thereoves stood at $107 per unit in December 2022, declining by -11.4% against the previous month. In general, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in June 2022 when the average import price increased by 15% m-o-m. The import price peaked at $121 per unit in November 2022, and then declined in the following month.
Prices varied noticeably by the country of origin: the country with the highest price was the Netherlands ($210 per unit), while the price for China ($99.9 per unit) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by Italy (+1.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Baby Carriages and Parts Thereof in South Korea (FOB) - 2022
The average export price for baby carriages and parts thereoves stood at $94 per unit in 2022, with an increase of 16% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average export price increased by 46%. Over the period under review, the average export prices hit record highs at $107 per unit in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($165 per unit), while the average price for exports to Chile ($58 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 Myanmar (+38.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Baby Carriages and Parts Thereof in South Korea
Baby carriages and parts thereof imports into South Korea shrank rapidly to 410K units in 2022, with a decrease of -21% compared with 2021 figures. In general, imports recorded a noticeable decline. The most prominent rate of growth was recorded in 2021 when imports increased by 73% against the previous year. As a result, imports reached the peak of 519K units, and then reduced sharply in the following year.
In value terms, baby carriages and parts thereof imports shrank notably to $36M in 2022. Overall, imports showed a perceptible slump. The most prominent rate of growth was recorded in 2021 with an increase of 92%. As a result, imports attained the peak of $47M, and then shrank dramatically in the following year.
| Import of Baby Carriages and Parts Thereof in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 21.1 | 12.0 | 25.0 | 25.3 | 6.2% |
| United States | 11.2 | 9.1 | 15.3 | 3.5 | -32.1% |
| Italy | 1.9 | 1.1 | 2.0 | 2.5 | 9.6% |
| Netherlands | 0.8 | 0.3 | 1.1 | 0.6 | -9.1% |
| Others | 3.8 | 2.2 | 4.1 | 4.1 | 2.6% |
| Total | 38.8 | 24.6 | 47.4 | 36.0 | -2.5% |
Top Suppliers of Baby Carriages and Parts Thereof to South Korea in 2022:
- China (323.7K units)
- United States (30.9K units)
- Italy (17.7K units)
- Netherlands (7.6K units)
Exports of Baby Carriages and Parts Thereof in South Korea
In 2022, baby carriages and parts thereof exports from South Korea skyrocketed to 11K units, rising by 22% against 2021 figures. Overall, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when exports increased by 86%. As a result, the exports reached the peak of 20K units. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, baby carriages and parts thereof exports soared to $988K in 2022. In general, total exports indicated a perceptible expansion from 2019 to 2022: its value increased at an average annual rate of +4.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -22.6% against 2020 indices. The pace of growth appeared the most rapid in 2020 when exports increased by 46%. As a result, the exports reached the peak of $1.3M. From 2021 to 2022, the growth of the exports remained at a lower figure.
| Export of Baby Carriages and Parts Thereof in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 364 | 261 | 176 | 371 | 0.6% |
| Netherlands | 37.2 | 0.5 | 29.2 | 280 | 96.0% |
| Chile | N/A | 0.2 | 20.3 | 101 | 2147.2% |
| Japan | 13.4 | N/A | N/A | 82.8 | 83.5% |
| Philippines | 39.3 | 41.8 | 30.9 | 57.5 | 13.5% |
| Canada | 69.9 | 82.9 | 18.0 | 49.9 | -10.6% |
| Fiji | N/A | N/A | N/A | 13.3 | 0% |
| Malaysia | 95.1 | 79.3 | 25.2 | N/A | -48.5% |
| Mongolia | 8.2 | 47.9 | 57.5 | N/A | 164.8% |
| Kazakhstan | N/A | 646 | N/A | N/A | 0% |
| United Arab Emirates | 59.0 | 1.1 | 0.6 | N/A | -89.9% |
| Kuwait | 37.5 | 7.4 | 10.4 | N/A | -47.3% |
| Others | 150 | 109 | 331 | 32.9 | -39.7% |
| Total | 874 | 1,277 | 699 | 988 | 4.2% |
Top Export Markets for Baby Carriages and Parts Thereof from South Korea in 2022:
- United States (4.3K units)
- Netherlands (2.1K units)
- Chile (1.7K units)
- Philippines (0.7K units)
- Canada (0.6K units)
- Japan (0.5K units)
- Fiji (0.2K units)
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This report provides an in-depth analysis of the baby carriage market in Republic of Korea.
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This report provides an in-depth analysis of the global baby carriage market.
387
This report provides an in-depth analysis of the baby carriage market in Republic of Korea.
415
This report provides an in-depth analysis of the global baby carriage market.
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