Report Update Nov 1, 2024

Republic of Korea - Transport Containers - Market Analysis, Forecast, Size, Trends and Insights

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Republic of Korea: Transport Container Market 2024

Transport Container Market Size in Republic of Korea

The South Korean transport container market reduced sharply to $X in 2022, with a decrease of -26% against the previous year. In general, consumption, however, posted buoyant growth. As a result, consumption attained the peak level of $X, and then declined markedly in the following year.

Transport Container Production in Republic of Korea

In value terms, transport container production declined to $X in 2022 estimated in export price. Overall, production, however, saw a measured expansion. The pace of growth was the most pronounced in 2019 with an increase of 1,222% against the previous year. Transport container production peaked at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

Transport Container Exports

Exports from Republic of Korea

In 2022, transport container exports from South Korea amounted to X units, almost unchanged from 2021 figures. Over the period under review, exports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when exports increased by 278%. The exports peaked at X units in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, transport container exports skyrocketed to $X in 2022. Overall, exports saw a buoyant increase. The pace of growth appeared the most rapid in 2019 with an increase of 296% against the previous year. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Myanmar (X units) was the main destination for transport container exports from South Korea, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Myanmar stood at +173.4%.

In value terms, Myanmar ($X) emerged as the key foreign market for transport containers exports from South Korea.

From 2012 to 2022, the average annual growth rate of value to Myanmar totaled +185.2%.

Export Prices by Country

The average transport container export price stood at $X per unit in 2022, surging by 24% against the previous year. Over the period under review, export price indicated a prominent expansion from 2012 to 2022: its price increased at an average annual rate of +6.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, transport container export price increased by +50.3% against 2018 indices. The growth pace was the most rapid in 2014 when the average export price increased by 45%. As a result, the export price attained the peak level of $X per unit; afterwards, it flattened through to 2022.

As there is only one major export destination, the average price level is determined by prices for Myanmar.

From 2012 to 2022, the rate of growth in terms of prices for Taiwan (Chinese) amounted to +22.7% per year.

Transport Container Imports

Imports into Republic of Korea

Transport container imports into South Korea reduced markedly to X units in 2022, which is down by -20.8% compared with 2021. Overall, imports, however, saw a prominent expansion. The most prominent rate of growth was recorded in 2021 with an increase of 235% against the previous year. As a result, imports attained the peak of X units, and then dropped dramatically in the following year.

In value terms, transport container imports shrank rapidly to $X in 2022. Over the period under review, imports, however, recorded strong growth. The most prominent rate of growth was recorded in 2021 when imports increased by 124%. As a result, imports attained the peak of $X, and then declined significantly in the following year.

Imports by Country

In 2022, China (X units) constituted the largest transport container supplier to South Korea, accounting for a 79% share of total imports. Moreover, transport container imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), sevenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +12.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+45.7% per year) and Spain (-50.8% per year).

In value terms, China ($X) constituted the largest supplier of transport containers to South Korea, comprising 69% of total imports. The second position in the ranking was held by the United States ($X), with a 20% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +13.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+43.2% per year) and Spain (-48.9% per year).

Import Prices by Country

In 2022, the average transport container import price amounted to $X per unit, dropping by -8.7% against the previous year. Over the period under review, the import price, however, enjoyed a prominent increase. The growth pace was the most rapid in 2015 an increase of 64%. Over the period under review, average import prices reached the maximum at $X per unit in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per unit), while the price for Spain ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+14.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for transport containers in the world?

The country with the largest volume of transport container consumption was the United States, comprising approx. 32% of total volume. Moreover, transport container consumption in the United States exceeded the figures recorded by the second-largest consumer, China, threefold. South Africa ranked third in terms of total consumption with a 10% share.

What are the largest producers of transport containers in the world?

The countries with the highest volumes of in 2021 were China, the United States and India, together comprising 63% of global production.

What are the leading suppliers of transport containers to Republic of Korea?

In value terms, China constituted the largest supplier of transport container to South Korea, comprising 44% of total imports. The second position in the ranking was occupied by the United States, with a 16% share of total imports. It was followed by Japan, with a 7% share.

What are the leading importers of transport containers from Republic of Korea?

In value terms, China remains the key foreign market for transport container exports from South Korea, comprising 28% of total exports. The second position in the ranking was occupied by Thailand, with a 7.4% share of total exports. It was followed by India, with a 4.8% share.

What is the average export price for transport containers in Republic of Korea?

The average transport container export price stood at $326 per unit in 2021, declining by -33.5% against the previous year.

What is the average import price for transport containers in Republic of Korea?

The average transport container import price stood at $536 per unit in 2021, which is down by -26.6% against the previous year.

This report provides an in-depth analysis of the transport container 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 29202100 - Containers specially designed and equipped for carriage by one or more modes of transport (including containers for transporting fluids)

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