Report Update Nov 1, 2024

Republic of Korea - Seeders, Planters, Transplanters - Market Analysis, Forecast, Size, Trends and Insights

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Republic of Korea: Seeder And Planter Market 2024

Seeder And Planter Market Size in Republic of Korea

In 2021, the South Korean seeder and planter market increased by 20% to $X for the first time since 2016, thus ending a four-year declining trend. Over the period under review, consumption, however, continues to indicate a deep downturn. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market failed to regain momentum.

Seeder And Planter Production in Republic of Korea

In value terms, seeder and planter production surged to $X in 2021 estimated in export price. In general, production, however, continues to indicate a dramatic curtailment. Seeder and planter production peaked at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Seeder And Planter Exports

Exports from Republic of Korea

In 2021, approx. X units of seeders, planters, transplanters were exported from South Korea; which is down by -83.7% on 2020. Over the period under review, exports recorded a precipitous curtailment. The pace of growth appeared the most rapid in 2016 with an increase of 11%. Over the period under review, the exports hit record highs at X units in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, seeder and planter exports dropped rapidly to $X in 2021. Overall, exports saw a sharp decrease. The most prominent rate of growth was recorded in 2016 with an increase of 3.5% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Nigeria (X units) was the main destination for seeder and planter exports from South Korea, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Nigeria totaled +67.5%.

In value terms, Nigeria ($X) also remains the key foreign market for seeders, planters, transplanters exports from South Korea.

From 2012 to 2021, the average annual rate of growth in terms of value to Nigeria totaled +21.6%.

Export Prices by Country

The average seeder and planter export price stood at $X per unit in 2021, rising by 12% against the previous year. In general, the export price, however, faced a dramatic downturn. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

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

From 2012 to 2021, the rate of growth in terms of prices for Japan amounted to +1.7% per year.

Seeder And Planter Imports

Imports into Republic of Korea

Seeder and planter imports into South Korea stood at X units in 2021, remaining stable against the previous year's figure. Over the period under review, total imports indicated resilient growth from 2012 to 2021: its volume increased at an average annual rate of +8.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +99.6% against 2013 indices. The pace of growth was the most pronounced in 2014 with an increase of 49%. Imports peaked in 2021 and are likely to continue growth in the immediate term.

In value terms, seeder and planter imports totaled $X in 2021. The total import value increased at an average annual rate of +2.9% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 with an increase of 31% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2017, Singapore (X units) was the main seeder and planter supplier to South Korea, with a approx. 100% share of total imports.

From 2012 to 2017, the average annual rate of growth in terms of volume from Singapore was relatively modest.

In value terms, Singapore ($X) constituted the largest supplier of seeders, planters, transplanters to South Korea.

From 2012 to 2017, the average annual growth rate of value from Singapore totaled +14,750.2%.

Import Prices by Country

The average seeder and planter import price stood at $X per unit in 2017, leveling off at the previous year. In general, the import price recorded a deep reduction. The most prominent rate of growth was recorded in 2013 a decrease of -0.2%. The import price peaked at $X per unit in 2012; however, from 2013 to 2017, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for Singapore.

From 2012 to 2017, the rate of growth in terms of prices for Singapore amounted to +16.8% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for seeders, planters, transplanters in the world?

Brazil constituted the country with the largest volume of seeder and planter consumption, accounting for 40% of total volume. Moreover, seeder and planter consumption in Brazil exceeded the figures recorded by the second-largest consumer, China, fourfold. The third position in this ranking was occupied by Japan, with a 7.8% share.

What are the largest producers of seeders, planters, transplanters in the world?

Brazil constituted the country with the largest volume of seeder and planter production, accounting for 41% of total volume. Moreover, seeder and planter production in Brazil exceeded the figures recorded by the second-largest producer, China, threefold. The third position in this ranking was occupied by Japan, with an 8.7% share.

What are the leading suppliers of seeders, planters, transplanters to Republic of Korea?

In value terms, Japan constituted the largest supplier of seeder and planter to South Korea, comprising 90% of total imports. The second position in the ranking was occupied by China, with a 6.9% share of total imports.

What are the leading importers of seeders, planters, transplanters from Republic of Korea?

In value terms, Japan remains the key foreign market for seeder and planter exports from South Korea, comprising 45% of total exports. The second position in the ranking was occupied by the United States, with a 21% share of total exports. It was followed by India, with an 8% share.

What is the average export price for seeders, planters, transplanters in Republic of Korea?

In 2021, the average seeder and planter export price amounted to $4,936 per unit, almost unchanged from the previous year.

What is the average import price for seeders, planters, transplanters in Republic of Korea?

In 2021, the average seeder and planter import price amounted to $7,231 per unit, falling by -20.3% against the previous year.

This report provides an in-depth analysis of the seeder and planter 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 28303333 - Central driven precision spacing seeders for agricultural or horticultural use
Prodcom 28303335 - Seeders for agricultural or horticultural use (excluding central driven precision spacing seeders)
Prodcom 28303350 - Planters and transplanters

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