Republic of Korea: Hand-Held Blow Pipe Market 2024

Hand-Held Blow Pipe Market Size in Republic of Korea

The South Korean hand-held blow pipe market reduced to $X in 2021, with a decrease of -13% against the previous year. Overall, consumption continues to indicate a perceptible decline. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Hand-Held Blow Pipe Production in Republic of Korea

In value terms, hand-held blow pipe production reduced to $X in 2021 estimated in export price. In general, production, however, recorded a noticeable shrinkage. The pace of growth appeared the most rapid in 2020 when the production volume increased by 30% against the previous year. Hand-held blow pipe production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Hand-Held Blow Pipe Exports

Exports from Republic of Korea

In 2021, exports of hand-held blow pipes for soldering, brazing or welding from South Korea skyrocketed to X units, picking up by 94% on 2020 figures. Over the period under review, exports continue to indicate a perceptible increase. The most prominent rate of growth was recorded in 2014 when exports increased by 326% against the previous year. Over the period under review, the exports attained the maximum at X units in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, hand-held blow pipe exports skyrocketed to $X in 2021. In general, exports, however, showed a mild contraction. The pace of growth was the most pronounced in 2014 with an increase of 313% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Indonesia (X units) was the main destination for hand-held blow pipe exports from South Korea, with a 73% share of total exports. Moreover, hand-held blow pipe exports to Indonesia exceeded the volume sent to the second major destination, Saudi Arabia (X units), tenfold. Hong Kong SAR (X units) ranked third in terms of total exports with a 6.9% share.

From 2012 to 2021, the average annual growth rate of volume to Indonesia totaled +54.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (+43.4% per year) and Hong Kong SAR (-13.4% per year).

In value terms, the largest markets for hand-held blow pipe exported from South Korea were Hong Kong SAR ($X), Indonesia ($X) and Saudi Arabia ($X), with a combined 68% share of total exports.

Among the main countries of destination, Indonesia, with a CAGR of +33.7%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average hand-held blow pipe export price stood at $X per unit in 2021, which is down by -13.6% against the previous year. Overall, the export price showed a noticeable downturn. The most prominent rate of growth was recorded in 2020 when the average export price increased by 97%. The export price peaked at $X per unit in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per unit), while the average price for exports to Indonesia ($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 Hong Kong SAR (+11.7%), while the prices for the other major destinations experienced mixed trend patterns.

Hand-Held Blow Pipe Imports

Imports into Republic of Korea

In 2021, approx. X units of hand-held blow pipes for soldering, brazing or welding were imported into South Korea; waning by -3.9% on 2020 figures. Overall, imports, however, saw a buoyant increase. The pace of growth appeared the most rapid in 2014 when imports increased by 625% against the previous year. As a result, imports attained the peak of X units. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, hand-held blow pipe imports rose rapidly to $X in 2021. In general, imports, however, continue to indicate strong growth. The pace of growth was the most pronounced in 2014 when imports increased by 741% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest supplier of hand-held blow pipe to South Korea, accounting for a 82% share of total imports. It was followed by the United States (X units), with a 2% share of total imports. Japan (X units) ranked third in terms of total imports with a 1.7% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +32.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+24.1% per year) and Japan (-2.3% per year).

In value terms, China ($X) constituted the largest supplier of hand-held blow pipes for soldering, brazing or welding to South Korea, comprising 28% of total imports. The second position in the ranking was taken by the United States ($X), with an 8.2% share of total imports. It was followed by Austria, with a 5% share.

From 2012 to 2021, the average annual growth rate of value from China stood at +45.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+47.0% per year) and Austria (-12.8% per year).

Import Prices by Country

In 2021, the average hand-held blow pipe import price amounted to $X per unit, rising by 15% against the previous year. Over the period under review, the import price recorded a prominent expansion. The most prominent rate of growth was recorded in 2016 when the average import price increased by 168% against the previous year. As a result, import price reached the peak level of $X per unit. From 2017 to 2021, the average import prices remained at a lower figure.

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 Austria ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Estonia (+140.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :