Republic of Korea: Pump For Liquid Market 2024

Pump For Liquid Market Size in Republic of Korea

The South Korean pump for liquid market stood at $X in 2022, increasing by X% against the previous year. Overall, consumption posted buoyant growth. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Pump For Liquid Production in Republic of Korea

In value terms, pump for liquid production stood at $X in 2022 estimated in export price. Over the period under review, production showed a strong expansion. The pace of growth was the most pronounced in 2020 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Pump For Liquid Exports

Exports from Republic of Korea

In 2022, overseas shipments of pumps for liquids and liquid elevators increased by X% to X units, rising for the second consecutive year after four years of decline. In general, total exports indicated a resilient expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by X%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in years to come.

In value terms, pump for liquid exports totaled $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of X%. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X units) was the main destination for pump for liquid exports from South Korea, accounting for a X% share of total exports. Moreover, pump for liquid exports to the United States exceeded the volume sent to the second major destination, China (X units), twofold. The third position in this ranking was taken by Canada (X units), with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (X% per year) and Canada (X% per year).

In value terms, the United States ($X), China ($X) and Indonesia ($X) were the largest markets for pump for liquid exported from South Korea worldwide, with a combined X% share of total exports. Mexico, Slovakia, Canada, Japan, Malaysia, Brazil, Russia, France, the Czech Republic and Egypt lagged somewhat behind, together accounting for a further X%.

Canada, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average pump for liquid export price stood at $X per unit in 2022, with a decrease of X% against the previous year. Overall, the export price saw a noticeable slump. The pace of growth was the most pronounced in 2020 an increase of X% against the previous year. The export price peaked at $X 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 ($X per unit), while the average price for exports to the Czech Republic ($X 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 Mexico (X%), while the prices for the other major destinations experienced more modest paces of growth.

Pump For Liquid Imports

Imports into Republic of Korea

In 2022, pump for liquid imports into South Korea surged to X units, rising by X% against the year before. Overall, total imports indicated a pronounced expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2017 indices. The most prominent rate of growth was recorded in 2019 when imports increased by X%. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, pump for liquid imports rose rapidly to $X in 2022. Over the period under review, imports, however, recorded a mild contraction. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of pump for liquid to South Korea, accounting for a X% share of total imports. Moreover, pump for liquid imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), twofold. The third position in this ranking was taken by Japan (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Japan (X% per year).

In value terms, the largest pump for liquid suppliers to South Korea were China ($X), Japan ($X) and Germany ($X), with a combined X% share of total imports. The United States, the Czech Republic, Norway, Vietnam, Italy, Romania, Turkey, Austria, Mexico and Brazil lagged somewhat behind, together comprising a further X%.

Among the main suppliers, Vietnam, with a CAGR of X%, saw 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 2022, the average pump for liquid import price amounted to $X per unit, which is down by X% against the previous year. In general, the import price continues to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 when the average import price increased by X%. The import price peaked at $X per unit in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Czech Republic ($X per unit), while the price for Mexico ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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