Republic of Korea: Food Sorting Machine Market 2025

Food Sorting Machine Market Size in Republic of Korea

The South Korean food sorting machine market expanded rapidly to $X in 2021, increasing by 11% against the previous year. In general, the total consumption indicated a tangible increase from 2012 to 2021: its value increased at an average annual rate of +4.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -6.5% against 2019 indices. Food sorting machine consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Food Sorting Machine Production in Republic of Korea

In value terms, food sorting machine production skyrocketed to $X in 2021 estimated in export price. Overall, the total production indicated a measured increase from 2012 to 2021: its value increased at an average annual rate of +3.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -14.3% against 2019 indices. The pace of growth appeared the most rapid in 2017 with an increase of 40%. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Food Sorting Machine Exports

Exports from Republic of Korea

In 2021, approx. X units of machines for cleaning, sorting or grading eggs and fruit were exported from South Korea; with a decrease of -64.5% compared with the year before. Overall, exports recorded a deep contraction. The growth pace was the most rapid in 2019 when exports increased by 114% against the previous year. As a result, the exports attained the peak of X units. From 2020 to 2021, the growth of the exports remained at a lower figure.

In value terms, food sorting machine exports dropped remarkably to $X in 2021. In general, exports saw a perceptible reduction. The most prominent rate of growth was recorded in 2019 when exports increased by 159% against the previous year. The exports peaked at $X in 2020, and then shrank significantly in the following year.

Exports by Country

Thailand (X units), China (X units) and Vietnam (X units) were the main destinations of food sorting machine exports from South Korea, together comprising 72% of total exports. These countries were followed by India, the United States, Malaysia, Taiwan (Chinese), Japan and Bangladesh, which together accounted for a further 23%.

From 2012 to 2021, the biggest increases were recorded for Malaysia (with a CAGR of +200.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X), India ($X) and China ($X) were the largest markets for food sorting machine exported from South Korea worldwide, together accounting for 69% of total exports.

India, with a CAGR of +132.4%, recorded the highest growth rate of 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 food sorting machine export price amounted to $X per unit, which is down by -3.4% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.4%. The growth pace was the most rapid in 2019 an increase of 21% against the previous year. The export price peaked at $X per unit in 2020, and then declined modestly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($X per unit), while the average price for exports to Japan ($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 Bangladesh (+16.6%), while the prices for the other major destinations experienced more modest paces of growth.

Food Sorting Machine Imports

Imports into Republic of Korea

After two years of growth, overseas purchases of machines for cleaning, sorting or grading eggs and fruit decreased by -42% to X units in 2021. Over the period under review, imports, however, recorded a perceptible expansion. The most prominent rate of growth was recorded in 2020 with an increase of 56%. As a result, imports reached the peak of X units, and then shrank remarkably in the following year.

In value terms, food sorting machine imports fell remarkably to $X in 2021. In general, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when imports increased by 31%. Over the period under review, imports hit record highs at $X in 2020, and then reduced markedly in the following year.

Imports by Country

In 2021, Japan (X units) constituted the largest supplier of food sorting machine to South Korea, accounting for a 46% share of total imports. Moreover, food sorting machine imports from Japan exceeded the figures recorded by the second-largest supplier, China (X units), twofold. The third position in this ranking was taken by the Netherlands (X units), with an 8.4% share.

From 2012 to 2021, the average annual growth rate of volume from Japan amounted to +3.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+32.3% per year) and the Netherlands (+3.1% per year).

In value terms, Japan ($X) constituted the largest supplier of machines for cleaning, sorting or grading eggs and fruit to South Korea, comprising 47% of total imports. The second position in the ranking was held by the Netherlands ($X), with a 13% share of total imports. It was followed by Italy, with an 8.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Japan was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-1.3% per year) and Italy (-8.1% per year).

Import Prices by Country

The average food sorting machine import price stood at $X per unit in 2021, declining by -5.8% against the previous year. Overall, the import price recorded a noticeable descent. The pace of growth was the most pronounced in 2018 an increase of 53% against the previous year. As a result, import price attained the peak level of $X per unit. From 2019 to 2021, the average import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+14.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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