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Report Republic of Korea - Pile-Drivers and Pile-Extractors - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Nov 1, 2024

Republic of Korea - Pile-Drivers and Pile-Extractors - Market Analysis, Forecast, Size, Trends and Insights

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Republic of Korea: Pile-Driver Market 2024

Pile-Driver Market Size in Republic of Korea

For the third consecutive year, the South Korean pile-driver market recorded growth in sales value, which increased by 41% to $X in 2021. Overall, consumption recorded resilient growth. Pile-driver consumption peaked in 2021 and is likely to see steady growth in the near future.

Pile-Driver Exports

Exports from Republic of Korea

In 2021, overseas shipments of pile-drivers and pile-extractors decreased by -86.5% to X units for the first time since 2018, thus ending a two-year rising trend. Over the period under review, exports recorded a perceptible downturn. The growth pace was the most rapid in 2017 when exports increased by 237%. Over the period under review, the exports attained the maximum at X units in 2020, and then shrank rapidly in the following year.

In value terms, pile-driver exports dropped significantly to $X in 2021. Overall, exports recorded a perceptible shrinkage. The pace of growth appeared the most rapid in 2017 with an increase of 134%. Over the period under review, the exports attained the maximum at $X in 2020, and then dropped sharply in the following year.

Exports by Country

Russia (X units) was the main destination for pile-driver exports from South Korea, accounting for a 47% share of total exports. Moreover, pile-driver exports to Russia exceeded the volume sent to the second major destination, the Philippines (X units), threefold. The third position in this ranking was held by Thailand (X units), with a 16% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Russia stood at +8.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Philippines (+13.5% per year) and Thailand (+17.9% per year).

In value terms, Russia ($X) emerged as the key foreign market for pile-drivers and pile-extractors exports from South Korea, comprising 55% of total exports. The second position in the ranking was taken by the Philippines ($X), with a 19% share of total exports. It was followed by Thailand, with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Russia totaled +8.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Philippines (-1.4% per year) and Thailand (+2.3% per year).

Export Prices by Country

In 2021, the average pile-driver export price amounted to $X per unit, picking up by 44% against the previous year. In general, the export price, however, saw a mild descent. The pace of growth appeared the most rapid in 2013 an increase of 93%. The export price peaked at $X per unit in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Russia ($X per unit), while the average price for exports to Myanmar ($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 Russia (+0.1%), while the prices for the other major destinations experienced a decline.

Pile-Driver Imports

Imports into Republic of Korea

For the third consecutive year, South Korea recorded growth in supplies from abroad of pile-drivers and pile-extractors, which increased by 17% to X units in 2021. Over the period under review, imports posted a strong increase. The most prominent rate of growth was recorded in 2017 with an increase of 142%. Over the period under review, imports hit record highs in 2021 and are likely to continue growth in the near future.

In value terms, pile-driver imports surged to $X in 2021. In general, imports showed a prominent increase. The most prominent rate of growth was recorded in 2016 with an increase of 99%. Imports peaked in 2021 and are likely to continue growth in years to come.

Imports by Country

China (X units) and Japan (X units) were the main suppliers of pile-driver imports to South Korea.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +101.7%).

In value terms, China ($X) and Japan ($X) constituted the largest pile-driver suppliers to South Korea.

In terms of the main suppliers, China, with a CAGR of +80.6%, saw the highest rates of growth with regard to the value of imports, over the period under review.

Import Prices by Country

In 2021, the average pile-driver import price amounted to $X per unit, jumping by 36% against the previous year. Over the period under review, the import price, however, saw a pronounced setback. The growth pace was the most rapid in 2016 when the average import price increased by 73% against the previous year. As a result, import price attained the peak level of $X per unit. From 2017 to 2021, the average import prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, the country with the highest price was Japan ($X per unit), while the price for China amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (-5.1%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

The countries with the highest volumes of pile-driver consumption in 2020 were South Korea, Germany and the United States, with a combined 47% share of global consumption. The United Arab Emirates, Nigeria, Finland, the UK, Singapore, Tanzania, Japan, Canada, the Netherlands and Belgium lagged somewhat behind, together accounting for a further 29%.
Germany constituted the country with the largest volume of pile-driver production, comprising approx. 35% of total volume. Moreover, pile-driver production in Germany exceeded the figures recorded by the second-largest producer, Finland, threefold. Japan ranked third in terms of total production with a 12% share.
In value terms, Japan and China appeared to be the largest pile-driver suppliers to South Korea.
In value terms, Hong Kong SAR remains the key foreign market for pile-driver exports from South Korea, comprising 87% of total exports. The second position in the ranking was occupied by the Philippines, with a 6.7% share of total exports.
The average pile-driver export price stood at $39,287 per unit in 2020, surging by 85% against the previous year.
The average pile-driver import price stood at $2,096 per unit in 2020, picking up by 1.9% against the previous year.

This report provides an in-depth analysis of the pile-driver 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 28923010 - Pile-drivers and pile-extractors

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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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. 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. 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. 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. 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. 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. 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. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. 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

  12. 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

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Free Data: Pile-Drivers And Pile-Extractors - South Korea
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Pile-Drivers And Pile-Extractors - South Korea - Table
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Pile-Drivers And Pile-Extractors - South Korea - Report