Republic of Korea - Turbo, Rotary and Reciporating Displacement Compressors - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Turbo, Rotary and Reciporating Displacement Compressor in South Korea - 2022
Contents:
- Price for Turbo, Rotary and Reciporating Displacement Compressor in South Korea (CIF) - 2022
- Price for Turbo, Rotary and Reciporating Displacement Compressor in South Korea (FOB) - 2022
- Imports of Turbo, Rotary and Reciporating Displacement Compressor in South Korea
- Exports of Turbo, Rotary and Reciporating Displacement Compressor in South Korea
Price for Turbo, Rotary and Reciporating Displacement Compressor in South Korea (CIF) - 2022
The average import price for turbo, rotary and reciporating displacement compressors stood at $406 per unit in 2022, rising by 28% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average import price increased by 32% against the previous year. As a result, import price reached the peak level of $538 per unit. From 2017 to 2022, the average import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($2,548 per unit), while the price for India ($17 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+10.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Turbo, Rotary and Reciporating Displacement Compressor in South Korea (FOB) - 2022
In 2022, the average export price for turbo, rotary and reciporating displacement compressors amounted to $471 per unit, increasing by 11% against the previous year. Overall, the export price, however, continues to indicate a deep reduction. The growth pace was the most rapid in 2019 when the average export price increased by 14%. Over the period under review, the average export prices hit record highs at $877 per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($2,866 per unit), while the average price for exports to Slovakia ($82 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 the United States (+4.9%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Turbo, Rotary and Reciporating Displacement Compressor in South Korea
In 2022, overseas purchases of turbo, rotary and reciporating displacement compressors decreased by -9% to 1.6M units, falling for the second year in a row after two years of growth. In general, imports continue to indicate a deep contraction. The pace of growth was the most pronounced in 2020 when imports increased by 5.9%. As a result, imports attained the peak of 2.4M units. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of turbo, rotary and reciporating displacement compressors skyrocketed to $661M in 2022. The total import value increased at an average annual rate of +3.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 33% against the previous year. As a result, imports reached the peak of $801M. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
| Import of Turbo, Rotary and Reciporating Displacement Compressor in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 75.6 | 92.4 | 123 | 140 | 22.8% |
| United States | 98.5 | 79.3 | 61.5 | 78.4 | -7.3% |
| Germany | 95.1 | 52.0 | 61.4 | 73.2 | -8.4% |
| Japan | 77.5 | 221 | 69.4 | 49.6 | -13.8% |
| Romania | 21.5 | 8.2 | 10.1 | 8.3 | -27.2% |
| Thailand | 2.8 | 2.9 | 13.9 | 6.6 | 33.1% |
| India | 9.3 | 2.3 | 3.6 | 3.2 | -29.9% |
| Swaziland | 23.0 | 27.7 | 32.5 | N/A | 18.9% |
| Others | 199 | 315 | 194 | 302 | 14.9% |
| Total | 603 | 801 | 569 | 661 | 3.1% |
Top Suppliers of Turbo, Rotary and Reciporating Displacement Compressor to South Korea in 2022:
- Romania (344.5K units)
- China (310.3K units)
- Thailand (205.2K units)
- India (194.3K units)
- Germany (162.7K units)
- Japan (110.3K units)
- United States (62.7K units)
Exports of Turbo, Rotary and Reciporating Displacement Compressor in South Korea
In 2022, the amount of turbo, rotary and reciporating displacement compressors exported from South Korea plummeted to 681K units, declining by -21.2% compared with the previous year's figure. Over the period under review, total exports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +5.8% 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 increased by +28.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 63%. As a result, the exports attained the peak of 864K units, and then contracted notably in the following year.
In value terms, exports of turbo, rotary and reciporating displacement compressors shrank to $320M in 2022. In general, exports showed a deep contraction. The pace of growth appeared the most rapid in 2021 with an increase of 9.3% against the previous year. Over the period under review, the exports of reached the peak figure at $429M in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
| Export of Turbo, Rotary and Reciporating Displacement Compressor in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 121 | 69.7 | 63.7 | 49.2 | -25.9% |
| Saudi Arabia | 26.4 | 13.2 | 17.8 | 40.8 | 15.6% |
| United States | 29.4 | 32.4 | 42.5 | 38.7 | 9.6% |
| Japan | 58.1 | 31.1 | 33.5 | 34.8 | -15.7% |
| Thailand | 11.7 | 8.8 | 10.5 | 11.3 | -1.2% |
| Slovakia | 20.6 | 3.4 | 13.3 | 10.8 | -19.4% |
| Uzbekistan | 19.3 | 18.1 | 12.0 | 10.5 | -18.4% |
| Vietnam | 15.2 | 14.1 | 9.6 | 10.5 | -11.6% |
| Iraq | 2.6 | 5.5 | 0.5 | 7.6 | 43.0% |
| Taiwan (Chinese) | 3.6 | 5.2 | 7.8 | 6.8 | 23.6% |
| India | 15.1 | 12.5 | 8.7 | 3.7 | -37.4% |
| Brazil | 1.0 | 1.9 | 3.4 | 2.9 | 42.6% |
| Czech Republic | 1.0 | 1.0 | 1.9 | 2.1 | 28.1% |
| Others | 105 | 119 | 142 | 90.8 | -4.7% |
| Total | 429 | 336 | 367 | 320 | -9.3% |
Top Export Markets for Turbo, Rotary and Reciporating Displacement Compressor from South Korea in 2022:
- Slovakia (130.5K units)
- Japan (104.8K units)
- Saudi Arabia (77.8K units)
- India (38.6K units)
- Brazil (29.4K units)
- Thailand (27.0K units)
- Uzbekistan (20.1K units)
- Vietnam (20.0K units)
- China (19.6K units)
- Czech Republic (15.0K units)
- Iraq (14.4K units)
- Taiwan (Chinese) (14.2K units)
- United States (13.5K units)
This report provides an in-depth analysis of the market for turbo, rotary and reciporating displacement compressor 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 28132530 - Turbo-compressors, single stage
- Prodcom 28132550 - Turbo-compressors, multistage
- Prodcom 28132630 - Reciprocating displacement compressors having a gauge pressure capacity . .15 bar, giving a flow . .60 m./hour
- Prodcom 28132650 - Reciprocating displacement compressors having a gauge pressure capacity . .15 bar, giving a flow per hour > .60 m.
- Prodcom 28132670 - Reciprocating displacement compressors having a gauge pressure capacity > .15 bar, giving a flow per hour . .120 m.
- Prodcom 28132690 - Reciprocating displacement compressors having a gauge pressure capacity > .15 bar, giving a flow per hour > .120 m.
- Prodcom 28132730 - Rotary displacement compressors, single-shaft
- Prodcom 28132753 - Multi-shaft screw compressors
- Prodcom 28132755 - Multi-shaft compressors (excluding screw compressors)
- Prodcom 28132800 - Air/gas compressors excluding air/vacuum pumps used in refrigeration, air compressors mounted on wheeled chassis, t urbo compressors, reciprocating and rotary displacement compressors
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
-
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
-
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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