Republic of Korea: Centrifugal Cream Separator Market 2025

Centrifugal Cream Separator Market Size in Republic of Korea

In 2021, the South Korean centrifugal cream separator market decreased by -15% to $X, falling for the second year in a row after two years of growth. Over the period under review, consumption continues to indicate a abrupt shrinkage. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market remained at a somewhat lower figure.

Centrifugal Cream Separator Production in Republic of Korea

In value terms, centrifugal cream separator production reached $X in 2021 estimated in export price. Over the period under review, production showed a abrupt decrease. The growth pace was the most rapid in 2013 with an increase of 33% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2021, production growth remained at a lower figure.

Centrifugal Cream Separator Exports

Exports from Republic of Korea

In 2021, overseas shipments of centrifugal cream separators increased by 36% to X units, rising for the second consecutive year after two years of decline. Over the period under review, exports showed a significant expansion. The pace of growth appeared the most rapid in 2015 with an increase of 7,386% against the previous year. As a result, the exports reached the peak of X units. From 2016 to 2021, the growth of the exports remained at a lower figure.

In value terms, centrifugal cream separator exports stood at $X in 2021. In general, exports showed a measured expansion. The most prominent rate of growth was recorded in 2015 with an increase of 14,762%. As a result, the exports reached the peak of $X. From 2016 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Luxembourg (X units), the Philippines (X units) and Switzerland (X units) were the main destinations of centrifugal cream separator exports from South Korea, with a combined 42% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Switzerland (with a CAGR of +40.9%), while the other leaders experienced more modest paces of growth.

In value terms, the Philippines ($X), Luxembourg ($X) and Switzerland ($X) constituted the largest markets for centrifugal cream separator exported from South Korea worldwide, with a combined 37% share of total exports.

The Philippines, with a CAGR of +240.0%, recorded the highest rates of growth with regard to 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

In 2021, the average centrifugal cream separator export price amounted to $X per unit, declining by -24.4% against the previous year. Overall, the export price recorded a deep setback. The most prominent rate of growth was recorded in 2015 an increase of 95%. Over the period under review, the average export prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Brazil ($X per unit), while the average price for exports to Pakistan ($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 Switzerland (+17.5%), while the prices for the other major destinations experienced mixed trend patterns.

Centrifugal Cream Separator Imports

Imports into Republic of Korea

In 2021, overseas purchases of centrifugal cream separators decreased by -44.3% to X units, falling for the second consecutive year after three years of growth. In general, imports, however, showed a strong expansion. The most prominent rate of growth was recorded in 2015 with an increase of 5,467% against the previous year. As a result, imports reached the peak of X units. From 2016 to 2021, the growth of imports failed to regain momentum.

In value terms, centrifugal cream separator imports dropped sharply to $X in 2021. Over the period under review, imports, however, saw a resilient increase. The most prominent rate of growth was recorded in 2015 with an increase of 2,553% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Italy (X units), the UK (X units) and Germany (X units) were the main suppliers of centrifugal cream separator imports to South Korea, together accounting for 78% of total imports.

From 2012 to 2021, the biggest increases were recorded for Italy (with a CAGR of +41.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), the UK ($X) and Germany ($X) appeared to be the largest centrifugal cream separator suppliers to South Korea, together accounting for 68% of total imports.

Among the main suppliers, Germany, with a CAGR of +60.5%, saw the highest growth rate of 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 2021, the average centrifugal cream separator import price amounted to $X per unit, waning by -6.3% against the previous year. In general, the import price, however, showed a moderate increase. The pace of growth was the most pronounced in 2020 when the average import price increased by 93%. As a result, import price attained the peak level of $X per unit, and then declined in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+19.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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