Republic of Korea - Aramids Staple - Market Analysis, Forecast, Size, Trends And Insights
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View PricingAramids Staple Price in South Korea - 2022
Contents:
- Aramids Staple Price in South Korea (FOB) - 2022
- Aramids Staple Price in South Korea (CIF) - 2022
- Aramids Staple Exports in South Korea
- Aramids Staple Imports in South Korea
Aramids Staple Price in South Korea (FOB) - 2022
The average aramids staple export price stood at $17,688 per ton in December 2022, rising by 2.3% against the previous month. Over the period under review, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in April 2022 when the average export price increased by 10% month-to-month. The export price peaked at $18,914 per ton in June 2022; however, from July 2022 to December 2022, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Spain ($23,233 per ton), while the average price for exports to the UK ($4,962 per ton) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+3.9%), while the prices for the other major destinations experienced more modest paces of growth.
Aramids Staple Price in South Korea (CIF) - 2022
The average aramids staple import price stood at $23,389 per ton in December 2022, increasing by 33% against the previous month. Overall, the import price, however, recorded a mild contraction. The pace of growth appeared the most rapid in June 2022 when the average import price increased by 54% month-to-month. Over the period under review, average import prices reached the peak figure at $29,373 per ton in December 2021; however, from January 2022 to December 2022, import prices stood at a somewhat lower figure.
Average prices varied somewhat amongst the major supplying countries. In December 2022, the country with the highest price was China ($30,831 per ton), while the price for Spain ($23,167 per ton) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by Spain (+0.4%), while the prices for the other major suppliers experienced a decline.
Aramids Staple Exports in South Korea
In 2022, exports of aramids staple from South Korea soared to 4.6K tons, with an increase of 22% compared with the previous year. In general, total exports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +14.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +53.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 25% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.
In value terms, aramids staple exports contracted to $50M in 2022. Over the period under review, exports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 26% against the previous year. As a result, the exports attained the peak of $55M, and then fell in the following year.
| Export of Aramids Staple in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 10.5 | 12.3 | 16.0 | 13.9 | 9.8% |
| United States | 13.4 | 12.3 | 9.0 | 9.9 | -9.6% |
| Germany | 5.9 | 5.6 | 5.9 | 5.1 | -4.7% |
| Turkey | 7.5 | 0.9 | 4.5 | 3.9 | -19.6% |
| Netherlands | 1.6 | 2.7 | 4.3 | 3.7 | 32.2% |
| Pakistan | 2.5 | 1.9 | 2.7 | 2.4 | -1.4% |
| Italy | 0.6 | 1.2 | 2.7 | 2.3 | 56.5% |
| Japan | 1.2 | 1.8 | 2.3 | 2.0 | 18.6% |
| India | 1.4 | 1.6 | 1.9 | 1.6 | 4.6% |
| Taiwan (Chinese) | 0.9 | 0.6 | 1.3 | 1.1 | 6.9% |
| Russia | 1.0 | 1.5 | 1.0 | 1.0 | 0.0% |
| United Kingdom | 0.6 | 0.3 | 0.3 | 0.4 | -12.6% |
| Others | 2.9 | 1.3 | 3.3 | 2.1 | -10.2% |
| Total | 50.1 | 43.9 | 55.2 | 49.6 | -0.3% |
Top Export Markets for Aramids Staple from South Korea in 2022:
- China (1428.7 tons)
- United States (832.3 tons)
- Germany (485.1 tons)
- Turkey (399.3 tons)
- Netherlands (350.6 tons)
- Italy (171.8 tons)
- Pakistan (156.7 tons)
- Japan (148.1 tons)
- Taiwan (Chinese) (132.8 tons)
- India (123.5 tons)
- Russia (104.4 tons)
- United Kingdom (91.7 tons)
Aramids Staple Imports in South Korea
In 2022, the amount of aramids staple imported into South Korea rose to 396 tons, picking up by 3% against the previous year's figure. The total import volume increased at an average annual rate of +1.8% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 18%. Imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, aramids staple imports amounted to $6.3M in 2022. Overall, imports, however, showed a abrupt slump.
| Import of Aramids Staple in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 3.6 | 1.8 | 2.7 | 2.5 | -11.4% |
| China | 2.1 | 2.7 | 1.4 | 1.9 | -3.3% |
| Spain | 1.6 | 1.7 | 1.9 | 1.7 | 2.0% |
| Netherlands | N/A | 0.2 | 0.3 | 0.3 | 22.5% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 7.5 | 6.3 | 6.3 | 6.3 | -5.6% |
Top Suppliers of Aramids Staple to South Korea in 2022:
- United States (149.2 tons)
- Spain (129.5 tons)
- China (106.6 tons)
- Netherlands (9.9 tons)
This report provides an in-depth analysis of the aramids staple market in Republic of Korea. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 20601110 - Aramids staple, not carded, combed or otherwise processed for spinning
Country coverage:
- South Korea
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Republic of Korea
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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