Republic of Korea - Non-Household Ventilation Fans - Market Analysis, Forecast, Size, Trends And Insights
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View PricingNon-Household Fan Price in South Korea - 2022
Contents:
- Non-Household Fan Price in South Korea (CIF) - 2022
- Non-Household Fan Price in South Korea (FOB) - 2022
- Non-Household Fan Imports in South Korea
- Non-Household Fan Exports in South Korea
Non-Household Fan Price in South Korea (CIF) - 2022
The average non-household fan import price stood at $116 per unit in December 2022, picking up by 2.1% against the previous month. Over the last twelve months, it increased at an average monthly rate of +2.1%. The pace of growth appeared the most rapid in January 2022 when the average import price increased by 14% m-o-m. The import price peaked in December 2022.
Prices varied noticeably by the country of origin: the country with the highest price was Germany ($219 per unit), while the price for China ($79.3 per unit) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by Italy (+6.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Non-Household Fan Price in South Korea (FOB) - 2022
The average non-household fan export price stood at $122 per unit in December 2022, rising by 14% against the previous month. In general, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in May 2022 an increase of 18% m-o-m. The export price peaked in December 2022.
There were significant differences in the average prices for the major external markets. In December 2022, the country with the highest price was Malaysia ($337 per unit), while the average price for exports to Saudi Arabia ($43.0 per unit) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+5.1%), while the prices for the other major destinations experienced more modest paces of growth.
Non-Household Fan Imports in South Korea
Non-household fan imports into South Korea expanded notably to 4.2M units in 2022, picking up by 8.7% on the previous year. The total import volume increased at an average annual rate of +7.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 17% against the previous year. Imports peaked in 2022 and are likely to continue growth in the immediate term.
In value terms, non-household fan imports rose rapidly to $420M in 2022. The total import value increased at an average annual rate of +11.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 21%. Over the period under review, imports attained the maximum in 2022 and are likely to see gradual growth in years to come.
Import of Non-Household Fan in South Korea (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 151 | 158 | 199 | 216 | 12.7% |
Germany | 32.0 | 29.0 | 36.8 | 51.8 | 17.4% |
Vietnam | 26.1 | 36.6 | 43.1 | 51.4 | 25.3% |
Japan | 7.5 | 11.3 | 15.4 | 13.0 | 20.1% |
Taiwan (Chinese) | 5.8 | 6.5 | 5.7 | 8.2 | 12.2% |
Italy | 5.6 | 4.5 | 4.9 | 6.9 | 7.2% |
Others | 73.1 | 56.9 | 60.3 | 72.1 | -0.5% |
Total | 301 | 303 | 365 | 420 | 11.7% |
Top Suppliers of Non-Household Fan to South Korea in 2022:
- China (2919.4K units)
- Vietnam (331.3K units)
- Germany (249.1K units)
- Italy (124.2K units)
- Japan (111.7K units)
- Taiwan (Chinese) (76.6K units)
Non-Household Fan Exports in South Korea
In 2022, shipments abroad of non-household ventilation fans increased by 4.4% to 2.2M units for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, saw a relatively flat trend pattern. Over the period under review, the exports reached the peak figure at 2.3M units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, non-household fan exports rose notably to $237M in 2022. The total export value increased at an average annual rate of +4.1% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
Export of Non-Household Fan in South Korea (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 62.6 | 63.2 | 53.5 | 43.9 | -11.2% |
India | 16.2 | 23.8 | 32.3 | 33.7 | 27.7% |
United States | 38.7 | 30.2 | 33.5 | 33.4 | -4.8% |
Vietnam | 10.4 | 25.2 | 10.4 | 15.7 | 14.7% |
Poland | 10.7 | 9.9 | 15.0 | 15.5 | 13.1% |
Mexico | 5.0 | 5.1 | 9.6 | 15.2 | 44.9% |
Indonesia | 3.5 | 2.3 | 2.2 | 12.5 | 52.9% |
Japan | 9.9 | 10.0 | 8.6 | 10.0 | 0.3% |
Uzbekistan | 11.6 | 6.8 | 4.6 | 6.5 | -17.6% |
Saudi Arabia | 5.8 | 4.3 | 3.6 | 6.4 | 3.3% |
Others | 35.9 | 35.4 | 37.9 | 44.6 | 7.5% |
Total | 210 | 216 | 211 | 237 | 4.1% |
Top Export Markets for Non-Household Fan from South Korea in 2022:
- China (396.1K units)
- United States (315.3K units)
- India (219.0K units)
- Mexico (175.5K units)
- Vietnam (161.4K units)
- Indonesia (126.9K units)
- Japan (116.7K units)
- Uzbekistan (98.2K units)
- Saudi Arabia (98.0K units)
- Poland (95.2K units)
This report provides an in-depth analysis of the non-household fan 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 28252030 - Axial fans (excluding table, floor, wall, window, ceiling or roof fans with a self-contained electric motor of an output . .125 W)
- Prodcom 28252050 - Centrifugal fans (excluding table, floor, wall, window, ceiling or roof fans with a self-contained electric motor of an output. .125 W)
- Prodcom 28252070 - Fans (excluding table, floor, wall, ceiling or roof fans with a self-contained electric motor of an output . .125 W, axial fans, c entrifugal fans)
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.
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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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