Republic of Korea: Cable-Making Machine Market 2024

Cable-Making Machine Market Size in Republic of Korea

For the third consecutive year, the South Korean cable-making machine market recorded growth in sales value, which increased by X% to $X in 2022. Overall, consumption posted a significant increase. Over the period under review, the market attained the peak level in 2022 and is expected to retain growth in the immediate term.

Cable-Making Machine Production in Republic of Korea

In value terms, cable-making machine production amounted to $X in 2022 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 with an increase of X%. As a result, production reached the peak level of $X. From 2016 to 2022, production growth failed to regain momentum.

Cable-Making Machine Exports

Exports from Republic of Korea

In 2022, approx. X units of rope or cable-making machines were exported from South Korea; waning by X% against 2021. In general, exports saw a drastic downturn. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. As a result, the exports reached the peak of X units. From 2016 to 2022, the growth of the exports failed to regain momentum.

In value terms, cable-making machine exports reduced remarkably to $X in 2022. Over the period under review, exports saw a noticeable contraction. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2016 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

The United States (X units), Vietnam (X units) and India (X units) were the main destinations of cable-making machine exports from South Korea, together comprising X% of total exports.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X), the United States ($X) and Poland ($X) were the largest markets for cable-making machine exported from South Korea worldwide, with a combined X% share of total exports.

The United States, with a CAGR of X%, saw the highest rates of growth with regard to 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 2022, the average cable-making machine export price amounted to $X per unit, jumping by X% against the previous year. Overall, export price indicated prominent growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cable-making machine export price increased by X% against 2019 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Poland ($X per unit), while the average price for exports to Indonesia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Poland (X%), while the prices for the other major destinations experienced more modest paces of growth.

Cable-Making Machine Imports

Imports into Republic of Korea

In 2022, imports of rope or cable-making machines into South Korea totaled X units, increasing by X% on 2021 figures. In general, imports, however, showed a deep setback. The most prominent rate of growth was recorded in 2015 when imports increased by X%. Over the period under review, imports hit record highs at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, cable-making machine imports soared to $X in 2022. Over the period under review, imports, however, continue to indicate a noticeable curtailment. The most prominent rate of growth was recorded in 2015 when imports increased by X%. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

China (X units), Finland (X units) and Turkey (X units) were the main suppliers of cable-making machine imports to South Korea, with a combined X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Finland (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest cable-making machine suppliers to South Korea were Finland ($X), China ($X) and Turkey ($X), with a combined X% share of total imports.

Finland, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average cable-making machine import price amounted to $X per unit, rising by X% against the previous year. In general, import price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cable-making machine import price increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2015 when the average import price increased by X%. The import price peaked in 2022 and is expected to retain growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :