Republic of Korea: Non-Electric Chainsaw Market 2024

Non-Electric Chainsaw Market Size in Republic of Korea

After two years of growth, the South Korean non-electric chainsaw market decreased by -1.7% to $X in 2022. Over the period under review, consumption saw a mild decrease. Over the period under review, the market reached the maximum level at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Non-Electric Chainsaw Exports

Exports from Republic of Korea

In 2022, overseas shipments of chainsaws with a self-contained non-electric motor increased by 196% to X units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2019 when exports increased by 475% against the previous year. The exports peaked at X units in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, non-electric chainsaw exports soared to $X in 2022. Overall, exports, however, recorded a abrupt shrinkage. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

China (X units) was the main destination for non-electric chainsaw exports from South Korea, accounting for a 83% share of total exports. Moreover, non-electric chainsaw exports to China exceeded the volume sent to the second major destination, Nigeria (X units), sevenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to China stood at -15.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nigeria (0.0% per year) and Uzbekistan (+12.2% per year).

In value terms, China ($X) emerged as the key foreign market for chainsaws with a self-contained non-electric motor exports from South Korea, comprising 83% of total exports. The second position in the ranking was held by Nigeria ($X), with an 11% share of total exports.

From 2012 to 2022, the average annual growth rate of value to China totaled -14.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nigeria (0.0% per year) and Uzbekistan (+35.9% per year).

Export Prices by Country

In 2022, the average non-electric chainsaw export price amounted to $X per unit, with an increase of 122% against the previous year. Overall, the export price posted a modest expansion. The most prominent rate of growth was recorded in 2018 an increase of 188%. As a result, the export price attained the peak level of $X per unit. From 2019 to 2022, the average export prices failed to regain momentum.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Uzbekistan ($X per unit), while the average price for exports to China ($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 Uzbekistan (+21.1%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Electric Chainsaw Imports

Imports into Republic of Korea

After two years of growth, purchases abroad of chainsaws with a self-contained non-electric motor decreased by -6.1% to X units in 2022. Overall, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 25%. Over the period under review, imports reached the peak figure at X units in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, non-electric chainsaw imports fell slightly to $X in 2022. In general, imports recorded a mild descent. The pace of growth was the most pronounced in 2021 when imports increased by 34% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

China (X units), Japan (X units) and Sweden (X units) were the main suppliers of non-electric chainsaw imports to South Korea, with a combined 91% share of total imports. Germany, the United States and Brazil lagged somewhat behind, together comprising a further 8.8%.

From 2012 to 2022, the biggest increases were recorded for Brazil (with a CAGR of +19.8%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, China ($X), Japan ($X) and Sweden ($X) constituted the largest non-electric chainsaw suppliers to South Korea, together comprising 91% of total imports. Germany, the United States and Brazil lagged somewhat behind, together comprising a further 8.8%.

In terms of the main suppliers, Brazil, with a CAGR of +18.7%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average non-electric chainsaw import price stood at $X per unit in 2022, growing by 5.3% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average import price increased by 7% against the previous year. The import price peaked at $X per unit in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from the United States ($X per unit) and Japan ($X per unit), while the price for Brazil ($X per unit) and Germany ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-0.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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