Overview of the Market for Air Pump And Gas Compressor in South Korea
In value terms, air pump and gas compressor production fell notably to $ in estimated in export prices. Over the period under review, production continues to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2010 when the production volume increased by % against the previous year. Over the period under review, production hit record highs at $ in 2013; however, from 2014 to , production failed to regain the momentum.
The revenue of the market for air or vacuum pumps and air or other gas compressors in South Korea fell significantly to $ in , waning by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption continues to indicate a abrupt contraction. The pace of growth was the most pronounced in 2017 when the market value increased by % y-o-y. Air pump and gas compressor consumption peaked at $ in 2011; however, from 2012 to , consumption stood at a somewhat lower figure.