Report Update Feb 1, 2025

Republic of Korea - Vacuum Vessels - Market Analysis, Forecast, Size, Trends and Insights

Single report

Sent by email within 24h (Mon-Fri)

$599 Basic Edition

$2095 Professional Edition

What's the difference?

Subscription

Online access and download

from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing

Republic of Korea: Vacuum Vessel Market 2025

Vacuum Vessel Market Size in Republic of Korea

The South Korean vacuum vessel market declined to $X in 2022, with a decrease of -14.3% 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, saw a buoyant expansion. As a result, consumption reached the peak level of $X, and then reduced in the following year.

Vacuum Vessel Exports

Exports from Republic of Korea

In 2022, after two years of growth, there was significant decline in shipments abroad of vacuum vessels, when their volume decreased by -37.2% to X units. Overall, exports, however, showed modest growth. The pace of growth was the most pronounced in 2021 with an increase of 181% against the previous year. As a result, the exports reached the peak of X units, and then reduced rapidly in the following year.

In value terms, vacuum vessel exports fell dramatically to $X in 2022. In general, exports, however, saw a buoyant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 117%. As a result, the exports attained the peak of $X, and then shrank significantly in the following year.

Exports by Country

The United States (X units), China (X units) and the Netherlands (X units) were the main destinations of vacuum vessel exports from South Korea, together comprising 46% of total exports. The Philippines, Canada, Germany, Chile, the UK, Estonia, India, Australia, France and Denmark lagged somewhat behind, together accounting for a further 35%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Estonia (with a CAGR of +145.0%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), China ($X) and Germany ($X) constituted the largest markets for vacuum vessel exported from South Korea worldwide, together accounting for 41% of total exports. The Netherlands, the Philippines, Canada, Denmark, the UK, India, Estonia, Australia, France and Chile lagged somewhat behind, together comprising a further 35%.

Among the main countries of destination, Estonia, with a CAGR of +123.9%, saw the highest rates of growth with regard to the value of exports, 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 vacuum vessel export price amounted to $X per unit, increasing by 16% against the previous year. Overall, the export price saw a prominent increase. The pace of growth appeared the most rapid in 2018 when the average export price increased by 96%. The export price peaked at $X per unit in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Denmark ($X per unit), while the average price for exports to Chile ($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 Denmark (+28.1%), while the prices for the other major destinations experienced more modest paces of growth.

Vacuum Vessel Imports

Imports into Republic of Korea

In 2022, the amount of vacuum vessels imported into South Korea fell to X units, with a decrease of -13.6% against the year before. In general, imports, however, showed a strong increase. The pace of growth appeared the most rapid in 2021 with an increase of 37% against the previous year. As a result, imports attained the peak of X units, and then fell in the following year.

In value terms, vacuum vessel imports fell markedly to $X in 2022. Over the period under review, imports, however, showed a buoyant increase. The pace of growth was the most pronounced in 2021 when imports increased by 44% against the previous year. As a result, imports reached the peak of $X, and then reduced rapidly in the following year.

Imports by Country

In 2022, China (X units) was the main vacuum vessel supplier to South Korea, with a 97% share of total imports. It was followed by the Philippines (X units), with a 1.7% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +6.2%.

In value terms, China ($X) constituted the largest supplier of vacuum vessels to South Korea, comprising 94% of total imports. The second position in the ranking was held by the Philippines ($X), with a 1.9% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +10.5%.

Import Prices by Country

In 2022, the average vacuum vessel import price amounted to $X per unit, reducing by -1.8% against the previous year. Over the last decade, it increased at an average annual rate of +2.7%. The most prominent rate of growth was recorded in 2013 an increase of 15%. Over the period under review, average import prices reached the maximum at $X per unit in 2021, and then contracted modestly in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Philippines ($X per unit), while the price for China stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+4.1%), 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 vacuum vessels in the world?

The United States constituted the country with the largest volume of vacuum vessel consumption, accounting for 29% of total volume. Moreover, vacuum vessel consumption in the United States exceeded the figures recorded by the second-largest consumer, India, fivefold. The third position in this ranking was occupied by Brazil, with a 4% share.

What are the largest producers of vacuum vessels in the world?

China constituted the country with the largest volume of vacuum vessel production, accounting for 82% of total volume. Moreover, vacuum vessel production in China exceeded the figures recorded by the second-largest producer, India, more than tenfold. The third position in this ranking was occupied by Brazil, with a 3.2% share.

What are the leading suppliers of vacuum vessels to Republic of Korea?

In value terms, China constituted the largest supplier of vacuum vessel to South Korea, comprising 89% of total imports. The second position in the ranking was occupied by Thailand, with a 4.8% share of total imports.

What are the leading importers of vacuum vessels from Republic of Korea?

In value terms, China remains the key foreign market for vacuum vessel exports from South Korea, comprising 34% of total exports. The second position in the ranking was occupied by Japan, with a 12% share of total exports. It was followed by Taiwan Chinese), with an 11% share.

What is the average export price for vacuum vessels in Republic of Korea?

The average vacuum vessel export price stood at $19 per unit in 2021, increasing by 2.8% against the previous year.

What is the average import price for vacuum vessels in Republic of Korea?

The average vacuum vessel import price stood at $13 per unit in 2021, shrinking by -15.2% against the previous year.

This report provides an in-depth analysis of the vacuum vessel 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 32995960 - Vacuum flasks and other vacuum vessels, complete with cases, and parts thereof (excluding separate glass inners)

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 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
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 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
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, 2012–2024
22. Production, In Value Terms, 2012–2024
23. Imports, In Physical Terms, 2012–2024
24. Imports, In Value Terms, 2012–2024
25. Imports, In Physical Terms, By Country, 2024
26. Imports, In Physical Terms, By Country, 2012–2024
27. Imports, In Value Terms, By Country, 2012–2024
28. Import Prices, By Country Of Origin, 2012–2024
29. Exports, In Physical Terms, 2012–2024
30. Exports, In Value Terms, 2012–2024
31. Exports, In Physical Terms, By Country, 2024
32. Exports, In Physical Terms, By Country, 2012–2024
33. Exports, In Value Terms, By Country, 2012–2024
34. Export Prices, By Country Of Destination, 2012–2024