Price for Electric Generators; AC Generators, (Alternators), of an Output Exceeding 750kVA in South Korea - 2022
Contents:
- Price for Electric Generators; AC Generators, (Alternators), of an Output Exceeding 750kVA in South Korea (CIF) - 2022
- Price for Electric Generators; AC Generators, (Alternators), of an Output Exceeding 750kVA in South Korea (FOB) - 2022
- Imports of Electric Generators; AC Generators, (Alternators), of an Output Exceeding 750kVA in South Korea
- Exports of Electric Generators; AC Generators, (Alternators), of an Output Exceeding 750kVA in South Korea
Price for Electric Generators; AC Generators, (Alternators), of an Output Exceeding 750kVA in South Korea (CIF) - 2022
In 2022, the average import price for electric generators amounted to $52,143 per unit, waning by -4.2% against the previous year. In general, the import price showed a slight setback. The most prominent rate of growth was recorded in 2021 when the average import price increased by 6.1% against the previous year. The import price peaked at $59,091 per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Germany ($52,369 per unit) and Japan ($52,202 per unit), while the price for Spain ($51,792 per unit) and Poland ($51,996 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (-1.0%), while the prices for the other major suppliers experienced a decline.
Price for Electric Generators; AC Generators, (Alternators), of an Output Exceeding 750kVA in South Korea (FOB) - 2022
The average export price for electric generators stood at $62,225 per unit in 2022, remaining relatively unchanged against the previous year. In general, export price indicated a prominent expansion from 2012 to 2022: its price increased at an average annual rate of +6.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for electric generators increased by +57.2% against 2013 indices. The growth pace was the most rapid in 2013 an increase of 17%. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in years to come.
Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were the United States ($65,301 per unit) and the Philippines ($65,000 per unit), while the average price for exports to the Netherlands ($55,428 per unit) and China ($62,490 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines (+99.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Electric Generators; AC Generators, (Alternators), of an Output Exceeding 750kVA in South Korea
Imports of electric generators into South Korea skyrocketed to 3.3K units in 2022, rising by 94% compared with 2021. Over the period under review, imports recorded a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of electric generators surged to $173M in 2022. In general, imports posted a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Electric Generators; AC Generators, (Alternators), of an Output Exceeding 750kVA in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 3.3 | 8.8 | 25.6 | 46.4 | 141.4% |
| Finland | 25.2 | 6.1 | 2.2 | 45.8 | 22.0% |
| China | 12.4 | 15.7 | 19.6 | 33.7 | 39.6% |
| Japan | 5.7 | 11.9 | 4.6 | 27.7 | 69.4% |
| Poland | N/A | N/A | N/A | 8.1 | 0% |
| Germany | 6.9 | N/A | 31.5 | 2.7 | -26.9% |
| Spain | 4.5 | N/A | N/A | 2.7 | -15.7% |
| France | 8.4 | 9.4 | 0.9 | 2.6 | -32.4% |
| Others | 11.5 | 14.5 | 8.4 | 3.1 | -35.4% |
| Total | 78.0 | 66.2 | 92.8 | 173 | 30.4% |
Top Suppliers of Electric Generators; AC Generators, (Alternators), of an Output Exceeding 750kVA to South Korea in 2022:
- United States (889.0 units)
- Finland (878.0 units)
- China (646.0 units)
- Japan (530.0 units)
- Poland (155.0 units)
- Spain (52.0 units)
- Germany (51.0 units)
- France (49.0 units)
Exports of Electric Generators; AC Generators, (Alternators), of an Output Exceeding 750kVA in South Korea
In 2022, overseas shipments of electric generators increased by 13% to 191 units for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, faced a dramatic setback. Over the period under review, the exports of hit record highs at 952 units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, exports of electric generators rose remarkably to $12M in 2022. Over the period under review, exports, however, saw a sharp shrinkage. Over the period under review, the exports of hit record highs at $49M in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
| Export of Electric Generators; AC Generators, (Alternators), of an Output Exceeding 750kVA in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 4.6 | 2.8 | 6.7 | 5.3 | 4.8% |
| Finland | 9.8 | 4.0 | 1.0 | 3.2 | -31.1% |
| China | 6.1 | 1.4 | N/A | 1.9 | -32.2% |
| United States | 0.8 | 0.1 | 2.0 | 0.7 | -4.4% |
| Philippines | N/A | 0.4 | N/A | 0.3 | -13.4% |
| Netherlands | N/A | N/A | 0.5 | 0.2 | -60.0% |
| Poland | 1.9 | N/A | N/A | N/A | 0% |
| India | 1.7 | N/A | N/A | N/A | 0% |
| Indonesia | 21.1 | N/A | N/A | N/A | 0% |
| Denmark | 0.9 | N/A | 0.1 | N/A | -66.7% |
| Others | 1.7 | 1.5 | 0.2 | 0.3 | -43.9% |
| Total | 48.6 | 10.3 | 10.4 | 11.9 | -37.4% |
Top Export Markets for Electric Generators; AC Generators, (Alternators), of an Output Exceeding 750kVA from South Korea in 2022:
- Japan (84.0 units)
- Finland (50.0 units)
- China (31.0 units)
- United States (10.0 units)
- Philippines (5.0 units)
- Netherlands (3.0 units)
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