Price for Textile Machinery; Spinning Machines in South Korea - 2022
Contents:
- Price for Textile Machinery; Spinning Machines in South Korea (FOB) - 2022
- Price for Textile Machinery; Spinning Machines in South Korea (CIF) - 2022
- Exports of Textile Machinery; Spinning Machines in South Korea
- Imports of Textile Machinery; Spinning Machines in South Korea
Price for Textile Machinery; Spinning Machines in South Korea (FOB) - 2022
The average textile machinery; spinning machines export price stood at $5,816 per unit in 2022, falling by -9.8% against the previous year. In general, the export price saw a perceptible descent. The pace of growth appeared the most rapid in 2017 an increase of 27%. The export price peaked at $9,360 per unit in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Vietnam ($6,497 per unit), while the average price for exports to Indonesia ($2,345 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 Indonesia (+7.4%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Textile Machinery; Spinning Machines in South Korea (CIF) - 2022
In 2022, the average textile machinery; spinning machines import price amounted to $10,364 per unit, picking up by 104% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. Over the period under review, average import prices reached the maximum at $11,087 per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($10,850 per unit), while the price for the Netherlands ($896 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (+22.7%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Textile Machinery; Spinning Machines in South Korea
In 2022, the amount of textile machinery; spinning machineses exported from South Korea surged to 580 units, jumping by 30% on the year before. Overall, exports showed significant growth. The growth pace was the most rapid in 2020 when exports increased by 257%. As a result, the exports attained the peak of 1.1K units. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, textile machinery; spinning machines exports skyrocketed to $3.4M in 2022. Over the period under review, exports saw a buoyant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 287% against the previous year. As a result, the exports reached the peak of $8.8M. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Textile Machinery; Spinning Machines in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 282 | 221 | 132 | 2,357 | 102.9% |
| Vietnam | 384 | 4,868 | 1,357 | 624 | 17.6% |
| Saudi Arabia | 12.0 | 31.9 | 44.3 | 137 | 125.2% |
| India | 26.7 | 171 | 13.2 | 61.8 | 32.3% |
| Indonesia | 0.8 | N/A | 8.9 | 35.2 | 253.0% |
| Singapore | 409 | 458 | 15.5 | 6.0 | -75.5% |
| Pakistan | 314 | 319 | 41.8 | N/A | -63.5% |
| Thailand | 64.5 | 197 | 117 | N/A | 34.7% |
| Sudan | 95.4 | 333 | 199 | N/A | 44.4% |
| Uzbekistan | 99.6 | 185 | 8.7 | N/A | -70.4% |
| Egypt | 11.3 | 138 | 46.8 | N/A | 103.5% |
| Mexico | 83.1 | 92.2 | 14.2 | N/A | -58.7% |
| Turkey | 179 | 467 | 45.8 | N/A | -49.4% |
| Others | 311 | 1,309 | 831 | 152 | -21.2% |
| Total | 2,273 | 8,790 | 2,875 | 3,373 | 14.1% |
Top Export Markets for Textile Machinery; Spinning Machines from South Korea in 2022:
- United States (401.0 units)
- Vietnam (96.0 units)
- Saudi Arabia (29.0 units)
- India (24.0 units)
- Indonesia (15.0 units)
- Singapore (1.0 units)
Imports of Textile Machinery; Spinning Machines in South Korea
Textile machinery; spinning machines imports into South Korea soared to 209 units in 2022, with an increase of 65% against 2021 figures. Overall, imports saw a resilient increase. The pace of growth was the most pronounced in 2020 when imports increased by 190% against the previous year. As a result, imports attained the peak of 383 units. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, textile machinery; spinning machines imports soared to $2.2M in 2022. In general, imports posted a significant increase. The pace of growth appeared the most rapid in 2020 when imports increased by 325% against the previous year. As a result, imports reached the peak of $2.6M. From 2021 to 2022, the growth of imports failed to regain momentum.
| Import of Textile Machinery; Spinning Machines in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | N/A | 325 | 6.0 | 2,072 | 152.5% |
| China | 30.3 | 272 | 118 | 81.6 | 39.1% |
| New Zealand | 0.3 | 1.0 | 0.3 | 11.2 | 234.2% |
| Netherlands | 70.2 | 0.5 | 0.4 | 0.9 | -76.6% |
| Switzerland | 59.0 | 175 | 65.1 | N/A | 5.0% |
| Germany | 162 | 724 | 221 | N/A | 16.8% |
| Indonesia | 18.3 | 64.6 | 28.6 | N/A | 25.0% |
| Czech Republic | 73.2 | 204 | 71.2 | N/A | -1.4% |
| Honduras | 10.8 | 38.6 | 17.4 | N/A | 26.9% |
| Others | 178 | 757 | 118 | N/A | -18.6% |
| Total | 602 | 2,561 | 646 | 2,166 | 53.2% |
Top Suppliers of Textile Machinery; Spinning Machines to South Korea in 2022:
- Japan (191.0 units)
- China (9.0 units)
- New Zealand (5.0 units)
- Netherlands (1.0 units)
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