Republic of Korea: Hand Sieve Market 2024

Hand Sieve Market Size in Republic of Korea

For the fourth year in a row, the South Korean hand sieve market recorded growth in sales value, which increased by X% to $X in 2022. Overall, consumption showed resilient growth. Hand sieve consumption peaked in 2022 and is expected to retain growth in years to come.

Hand Sieve Production in Republic of Korea

In value terms, hand sieve production stood at $X in 2022 estimated in export price. Overall, the total production indicated measured growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2015 with an increase of X%. Hand sieve production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Hand Sieve Exports

Exports from Republic of Korea

In 2022, approx. X units of hand sieves and hand riddles were exported from South Korea; waning by X% on the previous year. Over the period under review, exports, however, saw a moderate increase. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. As a result, the exports attained the peak of X units. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, hand sieve exports contracted rapidly to $X in 2022. In general, exports, however, posted a tangible increase. The pace of growth appeared the most rapid in 2014 with an increase of X%. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United States (X units) was the main destination for hand sieve exports from South Korea, accounting for a X% share of total exports. Moreover, hand sieve exports to the United States exceeded the volume sent to the second major destination, Australia (X units), fourfold. Vietnam (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (X% per year) and Vietnam (X% per year).

In value terms, the United States ($X) remains the key foreign market for hand sieves and hand riddles exports from South Korea, comprising X% of total exports. The second position in the ranking was held by China ($X), with a X% share of total exports. It was followed by Vietnam, with an X% share.

From 2012 to 2022, the average annual growth rate of value to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (X% per year) and Vietnam (X% per year).

Export Prices by Country

In 2022, the average hand sieve export price amounted to $X per unit, increasing by X% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 an increase of X% against the previous year. The export price peaked at $X per unit in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per unit), while the average price for exports to Australia ($X 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 Russia (X%), while the prices for the other major destinations experienced mixed trend patterns.

Hand Sieve Imports

Imports into Republic of Korea

For the fourth year in a row, South Korea recorded growth in purchases abroad of hand sieves and hand riddles, which increased by X% to X units in 2022. In general, imports saw a significant increase. The growth pace was the most rapid in 2015 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in years to come.

In value terms, hand sieve imports surged to $X in 2022. Over the period under review, imports recorded resilient growth. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Spain (X units), China (X units) and Japan (X units) were the main suppliers of hand sieve imports to South Korea, with a combined X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Spain ($X) and Japan ($X) were the largest hand sieve suppliers to South Korea, with a combined X% share of total imports.

Among the main suppliers, China, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average hand sieve import price stood at $X per unit in 2022, which is down by X% against the previous year. In general, the import price continues to indicate a deep contraction. The most prominent rate of growth was recorded in 2016 when the average import price increased by X% against the previous year. The import price peaked at $X 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 China ($X per unit), while the price for the UK ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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