Republic of Korea: Teleferics And Chair-Lifts Market 2024

Teleferics And Chair-Lifts Market Size in Republic of Korea

The South Korean teleferics and chair-lifts market rose modestly to $X in 2022, growing by 2.2% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, continues to indicate noticeable growth. Teleferics and chair-lifts consumption peaked at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Teleferics And Chair-Lifts Exports

Exports from Republic of Korea

In 2022, after two years of decline, there was decline in overseas shipments of teleferics, chair-lifts, ski-draglines and traction mechanisms for funiculars, when their volume decreased by 0% to X units. Over the period under review, exports showed a abrupt downturn. The most prominent rate of growth was recorded in 2019 when exports increased by 100% against the previous year. Over the period under review, the exports hit record highs at X units in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, teleferics and chair-lifts exports declined dramatically to $X in 2022. In general, exports recorded a sharp shrinkage. The most prominent rate of growth was recorded in 2017 with an increase of 18,812%. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Saudi Arabia (X units) and Slovakia (X units) were the main destinations of teleferics and chair-lifts exports from South Korea.

From 2012 to 2019, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Saudi Arabia (with a CAGR of 0.0%).

In value terms, the largest markets for teleferics and chair-lifts exported from South Korea were the UK ($X), Saudi Arabia ($X) and Slovakia ($X), together accounting for 54% of total exports.

Saudi Arabia, with a CAGR of 0.0%, recorded 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 mixed trend patterns.

Export Prices by Country

In 2022, the average teleferics and chair-lifts export price amounted to $X per unit, falling by -14% against the previous year. Over the period under review, the export price continues to indicate a abrupt descent. The growth pace was the most rapid in 2017 when the average export price increased by 11,529%. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+85,449.0%), while the prices for the other major destinations experienced more modest paces of growth.

Teleferics And Chair-Lifts Imports

Imports into Republic of Korea

After three years of growth, supplies from abroad of teleferics, chair-lifts, ski-draglines and traction mechanisms for funiculars decreased by -2.9% to X units in 2022. In general, imports, however, showed moderate growth. The pace of growth appeared the most rapid in 2015 when imports increased by 450% against the previous year. Imports peaked at X units in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, teleferics and chair-lifts imports rose notably to $X in 2022. Over the period under review, imports, however, showed a noticeable increase. The most prominent rate of growth was recorded in 2015 when imports increased by 658%. Over the period under review, imports reached the peak figure at $X in 2017; however, from 2018 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Austria (X units) constituted the largest teleferics and chair-lifts supplier to South Korea, with a 62% share of total imports. Moreover, teleferics and chair-lifts imports from Austria exceeded the figures recorded by the second-largest supplier, France (X units), fourfold. The third position in this ranking was held by Slovakia (X units), with an 8.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Austria amounted to +7.7%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+11.6% per year) and Slovakia (-9.3% per year).

In value terms, Austria ($X), France ($X) and Switzerland ($X) constituted the largest teleferics and chair-lifts suppliers to South Korea, with a combined 92% share of total imports. Slovakia, Italy and the Netherlands lagged somewhat behind, together comprising a further 5.8%.

Among the main suppliers, the Netherlands, with a CAGR of +239.9%, saw 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 teleferics and chair-lifts import price stood at $X per unit in 2022, rising by 8.5% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 an increase of 35%. Over the period under review, average import prices attained the maximum at $X per unit in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Switzerland ($X per unit), while the price for the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+214.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :