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Republic of Korea - Voiles, Webs, Mats And Other Articles Of Glass Fibers - Market Analysis, Forecast, Size, Trends and Insights
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View PricingGlass Fiber Price in South Korea - 2022
Contents:
- Glass Fiber Price in South Korea (CIF) - 2022
- Glass Fiber Price in South Korea (FOB) - 2022
- Glass Fiber Imports in South Korea
- Glass Fiber Exports in South Korea
Glass Fiber Price in South Korea (CIF) - 2022
The average glass fiber import price stood at $4,247 per ton in 2022, jumping by 25% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.0%. Over the period under review, average import prices attained the maximum at $4,699 per ton in 2016; however, from 2017 to 2022, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($14,907 per ton), while the price for Italy ($3,231 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+5.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Glass Fiber Price in South Korea (FOB) - 2022
In 2022, the average glass fiber export price amounted to $2,839 per ton, reducing by -2.4% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the average export price increased by 16% against the previous year. As a result, the export price attained the peak level of $3,406 per ton. From 2019 to 2022, the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was China ($8,811 per ton), while the average price for exports to Vietnam ($1,314 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+8.7%), while the prices for the other major destinations experienced more modest paces of growth.
Glass Fiber Imports in South Korea
After three years of growth, overseas purchases of voiles, webs, mats and other articles of glass fibers decreased by -29.5% to 41K tons in 2022. Over the period under review, imports recorded a slight descent. The most prominent rate of growth was recorded in 2020 with an increase of 21% against the previous year.
In value terms, glass fiber imports contracted to $173M in 2022. The total import value increased at an average annual rate of +3.0% from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when imports increased by 18%.
Import of Glass Fiber in South Korea (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 91.3 | 108 | 126 | 87.4 | -1.4% |
United States | 34.8 | 36.3 | 24.6 | 30.9 | -3.9% |
Italy | 13.9 | 20.5 | 18.2 | 18.5 | 10.0% |
France | 5.5 | 4.2 | 5.4 | 11.2 | 26.8% |
Malaysia | 0.1 | 0.1 | 3.0 | 6.9 | 310.2% |
Others | 13.1 | 18.2 | 18.9 | 18.4 | 12.0% |
Total | 159 | 187 | 196 | 173 | 2.9% |
Top Suppliers of Glass Fiber to South Korea in 2022:
- China (23.5K tons)
- United States (7.7K tons)
- Italy (5.7K tons)
- France (0.8K tons)
- Malaysia (0.7K tons)
Glass Fiber Exports in South Korea
Glass fiber exports from South Korea fell notably to 15K tons in 2022, waning by -33.3% against the previous year's figure. In general, exports faced a deep reduction. The growth pace was the most rapid in 2021 when exports increased by 11%. As a result, the exports reached the peak of 23K tons, and then declined markedly in the following year.
In value terms, glass fiber exports contracted notably to $43M in 2022. Overall, exports continue to indicate a deep reduction. The pace of growth was the most pronounced in 2021 when exports increased by 5.1% against the previous year.
Export of Glass Fiber in South Korea (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Vietnam | 13.1 | 12.6 | 10.8 | 7.7 | -16.2% |
China | 17.2 | 14.5 | 16.9 | 6.5 | -27.7% |
Japan | 13.0 | 11.5 | 12.3 | 4.2 | -31.4% |
United States | 1.6 | 2.2 | 2.2 | 3.0 | 23.3% |
France | 2.7 | 2.6 | 3.5 | 2.8 | 1.2% |
Brazil | 3.8 | 3.3 | 3.6 | 2.2 | -16.7% |
Poland | 0.5 | 1.0 | 1.6 | 2.1 | 61.3% |
India | 1.9 | 1.1 | 1.1 | 1.7 | -3.6% |
Thailand | 0.8 | 1.0 | 2.3 | 1.5 | 23.3% |
Malaysia | 1.4 | 1.6 | 1.4 | 1.4 | 0.0% |
Indonesia | 0.8 | 1.5 | 1.5 | 1.2 | 14.5% |
Others | 13.2 | 9.8 | 8.6 | 8.6 | -13.3% |
Total | 70.0 | 62.7 | 65.9 | 42.9 | -15.1% |
Top Export Markets for Glass Fiber from South Korea in 2022:
- Vietnam (5.8K tons)
- Japan (2.5K tons)
- United States (0.9K tons)
- India (0.8K tons)
- Brazil (0.7K tons)
- China (0.7K tons)
- France (0.6K tons)
- Poland (0.5K tons)
- Malaysia (0.4K tons)
- Thailand (0.3K tons)
- Indonesia (0.2K tons)
This report provides an in-depth analysis of the glass fiber 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 23141210 -
- Prodcom 23141230 -
- Prodcom 23141250 - Non-woven glass fibre webs, felts, mattresses and boards
- Prodcom 23141293 -
- Prodcom 23141295 -
- Prodcom 23141299 -
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
-
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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