Republic of Korea: Calendering Machine Market 2024

Calendering Machine Market Size in Republic of Korea

In 2021, the South Korean calendering machine market decreased by -17.8% to $X, falling for the second year in a row after two years of growth. Overall, consumption recorded a abrupt slump. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Calendering Machine Production in Republic of Korea

In value terms, calendering machine production stood at less than $X in 2021 estimated in export price. Over the period under review, production enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2013 when the production volume increased by 17%. Calendering machine production peaked at $X in 2016; however, from 2017 to 2021, production remained at a lower figure.

Calendering Machine Exports

Exports from Republic of Korea

For the fourth year in a row, South Korea recorded growth in overseas shipments of calendering and rolling machines, which increased by 165% to X units in 2021. Over the period under review, exports showed a measured increase. The most prominent rate of growth was recorded in 2016 with an increase of 589%. The exports peaked in 2021 and are expected to retain growth in the near future.

In value terms, calendering machine exports skyrocketed to $X in 2021. In general, exports recorded a significant expansion. The pace of growth appeared the most rapid in 2016 with an increase of 230% against the previous year. The exports peaked in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Israel (X units), Hong Kong SAR (X units) and the United States (X units) were the main destinations of calendering machine exports from South Korea, together comprising 48% of total exports.

From 2012 to 2021, the biggest increases were recorded for Hong Kong SAR (with a CAGR of +138.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($X) remains the key foreign market for calendering and rolling machines exports from South Korea, comprising 67% of total exports. The second position in the ranking was held by Vietnam ($X), with a 20% share of total exports. It was followed by Japan, with a 1.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value to China totaled +32.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (+54.9% per year) and Japan (+16.5% per year).

Export Prices by Country

In 2021, the average calendering machine export price amounted to $X per unit, reducing by -33.1% against the previous year. In general, the export price, however, enjoyed strong growth. The most prominent rate of growth was recorded in 2014 when the average export price increased by 191% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per unit in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per unit), while the average price for exports to Israel ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+31.2%), while the prices for the other major destinations experienced more modest paces of growth.

Calendering Machine Imports

Imports into Republic of Korea

In 2021, calendering machine imports into South Korea surged to X units, rising by 33% compared with the previous year. In general, imports posted a strong expansion. The pace of growth appeared the most rapid in 2014 when imports increased by 117% against the previous year. Imports peaked at X units in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, calendering machine imports amounted to $X in 2021. Over the period under review, total imports indicated a notable increase from 2012 to 2021: its value increased at an average annual rate of +3.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -28.5% against 2018 indices. The pace of growth appeared the most rapid in 2014 when imports increased by 67%. Imports peaked at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

China (X units) and Taiwan (Chinese) (X units) were the main suppliers of calendering machine imports to South Korea.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Taiwan (Chinese) (with a CAGR of +116.1%).

In value terms, China ($X) constituted the largest supplier of calendering and rolling machines to South Korea, comprising 54% of total imports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 2.8% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +14.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-3.7% per year) and Thailand (-26.2% per year).

Import Prices by Country

In 2021, the average calendering machine import price amounted to $X per unit, with a decrease of -24.3% against the previous year. Over the period under review, the import price showed a abrupt shrinkage. The growth pace was the most rapid in 2020 an increase of 76%. The import price peaked at $X per unit in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Thailand ($X per unit), while the price for Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+111.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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