Republic of Korea: Multi-Station Transfer Machine Market 2025

Multi-Station Transfer Machine Market Size in Republic of Korea

The South Korean multi-station transfer machine market reduced sharply to $X in 2021, with a decrease of -17.4% against the previous year. In general, consumption, however, showed prominent growth. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market remained at a somewhat lower figure.

Multi-Station Transfer Machine Production in Republic of Korea

In value terms, multi-station transfer machine production declined to $X in 2021 estimated in export price. In general, production recorded a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the production volume increased by 24% against the previous year. Multi-station transfer machine production peaked at $X in 2017; however, from 2018 to 2021, production failed to regain momentum.

Multi-Station Transfer Machine Exports

Exports from Republic of Korea

In 2021, after two years of decline, there was significant growth in overseas shipments of multi-station transfer machines for working metal, when their volume increased by 46% to X units. Overall, exports, however, saw a abrupt decline. The pace of growth appeared the most rapid in 2018 with an increase of 296% against the previous year. Over the period under review, the exports reached the maximum at X units in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, multi-station transfer machine exports declined to $X in 2021. Over the period under review, exports, however, continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2018 when exports increased by 172% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

China (X units) was the main destination for multi-station transfer machine exports from South Korea, with a 47% share of total exports. Moreover, multi-station transfer machine exports to China exceeded the volume sent to the second major destination, Germany (X units), fourfold. Belgium (X units) ranked third in terms of total exports with an 11% share.

From 2012 to 2021, the average annual growth rate of volume to China totaled +9.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+0.5% per year) and Belgium (+9.2% per year).

In value terms, the largest markets for multi-station transfer machine exported from South Korea were Germany ($X), China ($X) and Belgium ($X), with a combined 56% share of total exports.

Among the main countries of destination, Germany, with a CAGR of +113.0%, 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

In 2021, the average multi-station transfer machine export price amounted to $X per unit, dropping by -36.2% against the previous year. In general, the export price, however, showed slight growth. The most prominent rate of growth was recorded in 2017 an increase of 102% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2018 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Vietnam ($X per unit), while the average price for exports to Mexico ($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 Vietnam (+15.4%), while the prices for the other major destinations experienced more modest paces of growth.

Multi-Station Transfer Machine Imports

Imports into Republic of Korea

In 2021, approx. X units of multi-station transfer machines for working metal were imported into South Korea; falling by -19.1% against the year before. In general, imports, however, enjoyed a tangible expansion. The pace of growth was the most pronounced in 2013 with an increase of 744% against the previous year. As a result, imports attained the peak of X units. From 2014 to 2021, the growth of imports failed to regain momentum.

In value terms, multi-station transfer machine imports soared to $X in 2021. Over the period under review, imports, however, recorded buoyant growth. The growth pace was the most rapid in 2018 when imports increased by 825% against the previous year. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

Switzerland (X units), Italy (X units) and Vietnam (X units) were the main suppliers of multi-station transfer machine imports to South Korea, together accounting for 53% of total imports.

From 2012 to 2021, the biggest increases were recorded for Switzerland (with a CAGR of +41.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X) constituted the largest supplier of multi-station transfer machines for working metal to South Korea, comprising 40% of total imports. The second position in the ranking was taken by Switzerland ($X), with a 19% share of total imports. It was followed by Germany, with a 4.4% share.

From 2012 to 2021, the average annual growth rate of value from Italy amounted to +30.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Switzerland (+38.1% per year) and Germany (-3.3% per year).

Import Prices by Country

The average multi-station transfer machine import price stood at $X per unit in 2021, with an increase of 265% against the previous year. In general, the import price posted a prominent increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+27.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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