Report Update Nov 1, 2024

Republic of Korea - Poultry-Keeping Machinery - Market Analysis, Forecast, Size, Trends and Insights

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Republic of Korea: Poultry-Keeping Machinery Market 2024

Poultry-Keeping Machinery Market Size in Republic of Korea

After two years of growth, the South Korean poultry-keeping machinery market decreased by -2.4% to $X in 2022. Overall, consumption showed a drastic downturn. Poultry-keeping machinery consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Poultry-Keeping Machinery Production in Republic of Korea

In value terms, poultry-keeping machinery production skyrocketed to $X in 2022 estimated in export price. Overall, production, however, showed a abrupt contraction. The pace of growth appeared the most rapid in 2020 with an increase of 425% against the previous year. Poultry-keeping machinery production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Poultry-Keeping Machinery Exports

Exports from Republic of Korea

Poultry-keeping machinery exports from South Korea soared to X units in 2022, increasing by 68% against the previous year. Over the period under review, exports posted a strong expansion. The pace of growth appeared the most rapid in 2013 when exports increased by 407%. The exports peaked at X units in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, poultry-keeping machinery exports soared to $X in 2022. Overall, exports showed prominent growth. The most prominent rate of growth was recorded in 2013 with an increase of 446% against the previous year. Over the period under review, the exports reached the maximum at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

The Philippines (X units) was the main destination for poultry-keeping machinery exports from South Korea, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to the Philippines amounted to +2.3%.

In value terms, the Philippines ($X) emerged as the key foreign market for poultry-keeping machinery exports from South Korea.

From 2012 to 2022, the average annual growth rate of value to the Philippines amounted to +325.5%.

Export Prices by Country

In 2022, the average poultry-keeping machinery export price amounted to $X per unit, declining by -18.1% against the previous year. Over the period under review, the export price saw a noticeable curtailment. The most prominent rate of growth was recorded in 2018 an increase of 65% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Singapore amounted to +45.0% per year.

Poultry-Keeping Machinery Imports

Imports into Republic of Korea

In 2022, poultry-keeping machinery imports into South Korea dropped rapidly to X units, falling by -20.3% compared with 2021. In general, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of 79% against the previous year. As a result, imports reached the peak of X units. From 2015 to 2022, the growth of imports remained at a lower figure.

In value terms, poultry-keeping machinery imports declined dramatically to $X in 2022. Over the period under review, imports saw a perceptible decrease. The pace of growth was the most pronounced in 2021 when imports increased by 63% against the previous year. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Italy (X units), Turkey (X units) and the Netherlands (X units) were the main suppliers of poultry-keeping machinery imports to South Korea, with a combined 69% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of +74.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest poultry-keeping machinery suppliers to South Korea were Italy ($X), the Netherlands ($X) and Malaysia ($X), together comprising 66% of total imports. Turkey, the United States, China, South Africa and Germany lagged somewhat behind, together accounting for a further 30%.

Among the main suppliers, Turkey, with a CAGR of +72.9%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average poultry-keeping machinery import price stood at $X per unit in 2022, standing approx. at the previous year. In general, the import price, however, showed a noticeable reduction. The most prominent rate of growth was recorded in 2019 an increase of 9.2%. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat 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 ($X per unit), while the price for South Africa ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+4.4%), 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 poultry-keeping machinery in the world?

South Africa remains the largest poultry-keeping machinery consuming country worldwide, accounting for 37% of total volume. Moreover, poultry-keeping machinery consumption in South Africa exceeded the figures recorded by the second-largest consumer, China, threefold. The United States ranked third in terms of total consumption with a 5.1% share.

What are the largest producers of poultry-keeping machinery in the world?

The countries with the highest volumes of in 2021 were Germany, China and Italy, together comprising 52% of global production. The Netherlands, India, Turkey, the United States, Russia, Mexico, Brazil, Colombia and Spain lagged somewhat behind, together accounting for a further 38%.

What are the leading suppliers of poultry-keeping machinery to Republic of Korea?

In value terms, Italy constituted the largest supplier of poultry-keeping machinery to South Korea, comprising 40% of total imports. The second position in the ranking was occupied by the Netherlands, with a 16% share of total imports. It was followed by Turkey, with an 11% share.

What are the leading importers of poultry-keeping machinery from Republic of Korea?

In value terms, the Philippines remains the key foreign market for poultry-keeping machinery exports from South Korea.

What is the average export price for poultry-keeping machinery in Republic of Korea?

The average poultry-keeping machinery export price stood at $264 per unit in 2021, surging by 78% against the previous year.

What is the average import price for poultry-keeping machinery in Republic of Korea?

The average poultry-keeping machinery import price stood at $41 per unit in 2021, shrinking by -10.7% against the previous year.

This report provides an in-depth analysis of the poultry-keeping machinery 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 28308500 - Poultry-keeping machinery (excluding poultry incubators and brooders)

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