Report Update: Apr 1, 2024

Republic of Korea - Swivel Seats With Variable Height Adjustments - Market Analysis, Forecast, Size, Trends And Insights

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Swivel Seat Price in South Korea - 2021

Swivel Seat Price in South Korea (CIF) - 2021

The average swivel seat import price stood at $68.4 per unit in December 2021, increasing by 2.5% against the previous month. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in July 2021 an increase of 17% month-to-month. As a result, import price attained the peak level of $69.5 per unit. From August 2021 to December 2021, the average import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for China.

From December 2020 to December 2021, the rate of growth in terms of prices for China amounted to +0.5% per month.

Swivel Seat Price in South Korea (FOB) - 2022

In 2022, the average swivel seat export price amounted to $129 per unit, declining by -7.6% against the previous year. Overall, the export price saw a perceptible reduction. The growth pace was the most rapid in 2015 when the average export price increased by 63%. The export price peaked at $202 per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($210 per unit), while the average price for exports to Algeria ($66 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 Taiwan (Chinese) (+0.2%), while the prices for the other major destinations experienced a decline.

Swivel Seat Imports in South Korea

In 2022, after three years of growth, there was significant decline in overseas purchases of swivel seats with variable height adjustments, when their volume decreased by -19.7% to 2.7M units. Overall, imports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 65% against the previous year. As a result, imports reached the peak of 3.3M units, and then declined dramatically in the following year.

In value terms, swivel seat imports dropped modestly to $155M in 2022. In general, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +18.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +68.2% against 2019 indices. The pace of growth appeared the most rapid in 2020 with an increase of 61%. Imports peaked at $162M in 2021, and then fell slightly in the following year.

Import of Swivel Seat in South Korea (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	85.5	142	151	144	19.0%
Others	6.4	5.7	10.5	10.2	16.8%
Total	91.9	148	162	155	19.0%

Top Suppliers of Swivel Seat to South Korea in 2022:

China (2.6M units)

Swivel Seat Exports in South Korea

In 2022, approx. 316K units of swivel seats with variable height adjustments were exported from South Korea; therefore, remained relatively stable against the previous year. Over the period under review, exports, however, continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2021 when exports increased by 15% against the previous year. The exports peaked at 370K units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, swivel seat exports shrank to $41M in 2022. The total export value increased at an average annual rate of +2.2% over the period from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 16%. As a result, the exports reached the peak of $44M, and then shrank in the following year.

Export of Swivel Seat in South Korea (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	4.3	8.6	5.0	5.7	9.9%
Japan	2.4	3.6	4.8	4.1	19.5%
Saudi Arabia	3.8	3.0	4.5	3.8	0.0%
China	2.5	2.0	3.5	3.0	6.3%
United Kingdom	4.0	1.5	3.1	2.7	-12.3%
Taiwan (Chinese)	0.6	1.0	1.8	1.5	35.7%
Australia	1.4	1.3	1.6	1.4	0.0%
United Arab Emirates	1.6	1.4	1.0	1.3	-6.7%
Poland	1.6	1.0	1.4	1.3	-6.7%
Czech Republic	1.4	1.0	0.9	1.0	-10.6%
Singapore	0.7	1.2	0.8	0.9	8.7%
Indonesia	0.2	1.2	1.0	0.9	65.1%
Algeria	0.2	1.3	0.4	0.6	44.2%
Others	13.4	9.6	13.9	12.7	-1.8%
Total	38.1	37.7	43.8	40.8	2.3%

Top Export Markets for Swivel Seat from South Korea in 2022:

United States (62.0K units)
Japan (26.1K units)
Saudi Arabia (25.6K units)
United Kingdom (22.3K units)
China (17.0K units)
Australia (10.3K units)
United Arab Emirates (10.3K units)
Poland (10.0K units)
Algeria (9.2K units)
Czech Republic (8.9K units)
Singapore (8.7K units)
Indonesia (8.5K units)
Taiwan (Chinese) (7.1K units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the swivel seat 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 31001150 - Swivel seats with variable height adjustments (excluding medical, surgical, dental or veterinary, and barbers

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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. 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
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. 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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023