Republic of Korea - Mechano-Therapy Appliances And Massage Apparatus - Market Analysis, Forecast, Size, Trends And Insights
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View PricingMechano-Therapy Appliances Price in South Korea - 2022
Contents:
- Mechano-Therapy Appliances Price in South Korea (CIF) - 2022
- Mechano-Therapy Appliances Price in South Korea (FOB) - 2022
- Mechano-Therapy Appliances Imports in South Korea
- Mechano-Therapy Appliances Exports in South Korea
Mechano-Therapy Appliances Price in South Korea (CIF) - 2022
In December 2022, the average mechano-therapy appliances import price amounted to $9.7 per unit, rising by 4.1% against the previous month. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in July 2022 when the average import price increased by 5.7% month-to-month. The import price peaked in December 2022.
There were significant differences in the average prices amongst the major supplying countries. In December 2022, the country with the highest price was Japan ($29.3 per unit), while the price for China stood at $9.2 per unit.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by Japan (+1.2%).
Mechano-Therapy Appliances Price in South Korea (FOB) - 2022
The average mechano-therapy appliances export price stood at $34 per unit in 2022, dropping by -1.8% against the previous year. Over the last decade, it increased at an average annual rate of +2.9%. The growth pace was the most rapid in 2018 when the average export price increased by 17% against the previous year. The export price peaked at $35 per unit in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($160 per unit), while the average price for exports to Nepal ($17 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 Japan (+15.7%), while the prices for the other major destinations experienced more modest paces of growth.
Mechano-Therapy Appliances Imports in South Korea
After three years of growth, purchases abroad of mechano-therapy appliances and massage apparatus decreased by -23.9% to 53M units in 2022. Overall, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 20% against the previous year. Over the period under review, imports reached the maximum at 69M units in 2021, and then contracted significantly in the following year.
In value terms, mechano-therapy appliances imports declined dramatically to $485M in 2022. The total import value increased at an average annual rate of +4.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 with an increase of 19% against the previous year. Over the period under review, imports attained the peak figure at $589M in 2021, and then shrank dramatically in the following year.
| Import of Mechano-Therapy Appliances in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 410 | 492 | 569 | 453 | 3.4% |
| Japan | 5.0 | 4.1 | 7.0 | 17.4 | 51.5% |
| Others | 14.3 | 15.2 | 12.4 | 14.2 | -0.2% |
| Total | 430 | 511 | 589 | 485 | 4.1% |
Top Suppliers of Mechano-Therapy Appliances to South Korea in 2022:
- China (51.3M units)
- Japan (1.0M units)
Mechano-Therapy Appliances Exports in South Korea
For the third year in a row, South Korea recorded decline in shipments abroad of mechano-therapy appliances and massage apparatus, which decreased by -8.1% to 1.5M units in 2022. Overall, exports recorded a abrupt contraction. The smallest decline of -5.6% was in 2021. The exports peaked at 2.5M units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, mechano-therapy appliances exports dropped to $51M in 2022. In general, exports showed a abrupt decline. The smallest decline of -7.7% was in 2021. Over the period under review, the exports hit record highs at $78M in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
| Export of Mechano-Therapy Appliances in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 16.7 | 15.0 | 11.2 | 8.7 | -19.5% |
| Vietnam | 11.6 | 4.7 | 3.6 | 4.7 | -26.0% |
| Japan | 3.7 | 8.5 | 8.9 | 4.4 | 5.9% |
| China | 12.1 | 8.0 | 5.6 | 4.1 | -30.3% |
| Russia | 3.0 | 2.9 | 2.6 | 3.0 | 0.0% |
| Spain | 4.2 | 1.9 | 1.6 | 2.7 | -13.7% |
| Taiwan (Chinese) | 1.8 | 1.4 | 1.2 | 2.2 | 6.9% |
| Nepal | 0.9 | 0.2 | 0.6 | 1.3 | 13.0% |
| United Kingdom | 1.4 | 1.1 | 0.6 | 1.3 | -2.4% |
| Germany | 1.0 | 1.1 | 1.8 | 1.2 | 6.3% |
| Saudi Arabia | 1.1 | 0.7 | 0.7 | 1.0 | -3.1% |
| United Arab Emirates | 0.5 | 0.5 | 1.0 | 1.0 | 26.0% |
| India | 0.7 | 0.6 | 0.9 | 0.8 | 4.6% |
| Others | 19.2 | 13.9 | 15.7 | 14.3 | -9.4% |
| Total | 78.1 | 60.8 | 56.1 | 50.6 | -13.5% |
Top Export Markets for Mechano-Therapy Appliances from South Korea in 2022:
- United States (311.6K units)
- Vietnam (232.5K units)
- China (99.0K units)
- Spain (83.7K units)
- Nepal (77.6K units)
- Germany (65.1K units)
- Saudi Arabia (54.8K units)
- United Kingdom (53.5K units)
- United Arab Emirates (49.3K units)
- Russia (48.6K units)
- Taiwan (Chinese) (29.3K units)
- Japan (27.4K units)
- India (23.6K units)
This report provides an in-depth analysis of the mechano-therapy appliances 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 32502130 - Mechano-therapy appliances, massage apparatus, p sychological aptitude-testing apparatus (excluding wholly stationary mechano-therapy apparatus)
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
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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