Price for Non-Tanker Trailer and Semi-Trailers in South Korea - 2022

Contents:

1. Price for Non-Tanker Trailer and Semi-Trailers in South Korea (CIF) - 2022
2. Price for Non-Tanker Trailer and Semi-Trailers in South Korea (FOB) - 2022
3. Imports of Non-Tanker Trailer and Semi-Trailers in South Korea
4. Exports of Non-Tanker Trailer and Semi-Trailers in South Korea

Price for Non-Tanker Trailer and Semi-Trailers in South Korea (CIF) - 2022

The average non-tanker trailer and semi-trailers import price stood at $22,804 per unit in 2022, leveling off at the previous year. Over the period under review, import price indicated a strong expansion from 2012 to 2022: its price increased at an average annual rate of +12.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, non-tanker trailer and semi-trailers import price increased by +21.0% against 2020 indices. The pace of growth was the most pronounced in 2013 an increase of 97%. The import price peaked at $23,788 per unit in 2019; however, from 2020 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 Denmark ($25,398 per unit) and Germany ($23,218 per unit), while the price for Poland ($22,624 per unit) and the United States ($22,656 per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+6.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Non-Tanker Trailer and Semi-Trailers in South Korea (FOB) - 2022

In 2022, the average non-tanker trailer and semi-trailers export price amounted to $19,761 per unit, surging by 3% against the previous year. Over the period under review, export price indicated a resilient expansion from 2012 to 2022: its price increased at an average annual rate of +7.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, non-tanker trailer and semi-trailers export price decreased by -17.8% against 2019 indices. The pace of growth was the most pronounced in 2013 an increase of 67%. The export price peaked at $24,052 per unit in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Iraq ($21,300 per unit) and the United States ($20,651 per unit), while the average price for exports to the Philippines ($19,028 per unit) and Japan ($19,821 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 Saudi Arabia (+3.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Tanker Trailer and Semi-Trailers in South Korea

In 2022, non-tanker trailer and semi-trailers imports into South Korea expanded significantly to 632 units, picking up by 8.6% against the previous year. Overall, total imports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +19.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +70.8% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 53%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, non-tanker trailer and semi-trailers imports reached $14M in 2022. In general, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +17.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +63.7% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 25% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to continue growth in years to come.

Top Suppliers of Non-Tanker Trailer and Semi-Trailers to South Korea in 2022:

1. Turkey (364.0 units)
2. United States (61.0 units)
3. Luxembourg (58.0 units)
4. China (58.0 units)
5. United Kingdom (33.0 units)
6. Germany (24.0 units)
7. Poland (13.0 units)

Exports of Non-Tanker Trailer and Semi-Trailers in South Korea

In 2022, non-tanker trailer and semi-trailers exports from South Korea plummeted to 247 units, falling by -19.3% compared with the previous year's figure. In general, exports continue to indicate a drastic downturn. The pace of growth appeared the most rapid in 2021 when exports increased by 37%. Over the period under review, the exports hit record highs at 318 units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, non-tanker trailer and semi-trailers exports shrank dramatically to $4.9M in 2022. Over the period under review, exports recorded a abrupt decrease. The pace of growth appeared the most rapid in 2021 with an increase of 16% against the previous year. Over the period under review, the exports reached the maximum at $7.6M in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Top Export Markets for Non-Tanker Trailer and Semi-Trailers from South Korea in 2022:

1. Japan (143.0 units)
2. United Kingdom (24.0 units)
3. Kenya (24.0 units)
4. Russia (15.0 units)
5. United States (9.0 units)
6. Saudi Arabia (8.0 units)
7. Philippines (7.0 units)
8. Nigeria (7.0 units)
9. Cambodia (2.0 units)
10. Thailand (1.0 units)

Source: IndexBox Market Intelligence Platform