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Republic of Korea - Corks And Stoppers Of Natural Cork - Market Analysis, Forecast, Size, Trends And Insights
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View PricingNatural Cork Stopper Price in South Korea - 2022
Contents:
- Natural Cork Stopper Price in South Korea (CIF) - 2022
- Natural Cork Stopper Price in South Korea (FOB) - 2022
- Natural Cork Stopper Imports in South Korea
- Natural Cork Stopper Exports in South Korea
Natural Cork Stopper Price in South Korea (CIF) - 2022
In December 2022, the average natural cork stopper import price amounted to $30,561 per ton, dropping by -7.5% against the previous month. Over the period under review, the import price, however, showed temperate growth. The growth pace was the most rapid in June 2022 when the average import price increased by 116% month-to-month. The import price peaked at $33,055 per ton in November 2022, and then declined in the following month.
Average prices varied somewhat amongst the major supplying countries. In December 2022, the country with the highest price was Portugal ($31,776 per ton), while the price for China totaled $21,996 per ton.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by China (+5.1%), while the prices for the other major suppliers experienced a decline.
Natural Cork Stopper Price in South Korea (FOB) - 2022
In 2022, the average natural cork stopper export price amounted to $786 per ton, waning by -94.2% against the previous year. In general, the export price faced a precipitous shrinkage. The pace of growth appeared the most rapid in 2019 an increase of 157%. Over the period under review, the average export prices reached the maximum at $16,849 per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.
Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Vietnam ($792 per ton), while the average price for exports to Mongolia totaled $727 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+22.8%), while the prices for the other major destinations experienced more modest paces of growth.
Natural Cork Stopper Imports in South Korea
For the fourth consecutive year, South Korea recorded growth in purchases abroad of corks and stoppers of natural cork, which increased by 88% to 16 tons in 2022. Over the period under review, imports showed a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, natural cork stopper imports skyrocketed to $342K in 2022. Overall, imports continue to indicate a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
Import of Natural Cork Stopper in South Korea (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Portugal | 132 | 114 | 138 | 266 | 26.3% |
China | 25.3 | 33.4 | 23.6 | 58.6 | 32.3% |
United States | 1.2 | 0.4 | 2.2 | 6.3 | 73.8% |
Belgium | 4.7 | 2.3 | 2.3 | 2.1 | -23.6% |
Others | 5.5 | 6.5 | 4.0 | 9.3 | 19.1% |
Total | 169 | 156 | 170 | 342 | 26.5% |
Top Suppliers of Natural Cork Stopper to South Korea in 2022:
- Portugal (11.6 tons)
- China (3.7 tons)
- United States (0.6 tons)
- Belgium (0.2 tons)
Natural Cork Stopper Exports in South Korea
Natural cork stopper exports from South Korea contracted sharply to 112 kg in 2022, dropping by -94.7% on the previous year. In general, exports faced a significant contraction. The most prominent rate of growth was recorded in 2021 with an increase of 311%. As a result, the exports attained the peak of 2.1 tons, and then shrank notably in the following year.
In value terms, natural cork stopper exports reduced sharply to $88 in 2022. Over the period under review, exports faced a dramatic decrease. The growth pace was the most rapid in 2021 when exports increased by 231%. As a result, the exports attained the peak of $29K, and then dropped remarkably in the following year.
Export of Natural Cork Stopper in South Korea (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Vietnam | N/A | N/A | N/A | 0.1 | 0% |
Mongolia | N/A | N/A | N/A | N/A | 0% |
Indonesia | 5.1 | 1.1 | 12.4 | N/A | 55.9% |
Panama | N/A | 5.6 | N/A | N/A | 0% |
Kuwait | N/A | N/A | 1.0 | N/A | 0% |
Uruguay | N/A | N/A | 3.0 | N/A | 0% |
Portugal | 1.8 | N/A | N/A | N/A | 0% |
Others | 8.7 | 2.0 | 12.4 | N/A | 19.4% |
Total | 15.5 | 8.7 | 28.7 | 0.1 | -81.4% |
Top Export Markets for Natural Cork Stopper from South Korea in 2022:
- Vietnam (101.0 kg)
- Mongolia (11.0 kg)
This report provides an in-depth analysis of the natural cork stopper 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 16292250 - Corks and stoppers of natural cork
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
This report provides an in-depth analysis of the natural cork stopper market in Republic of Korea.
This report provides an in-depth analysis of the cork article market in Republic of Korea.
This report provides an in-depth analysis of the global natural cork stopper market.
This report provides an in-depth analysis of the global cork article market.
This report provides an in-depth analysis of the natural cork stopper market in Republic of Korea.
This report provides an in-depth analysis of the cork article market in Republic of Korea.
This report provides an in-depth analysis of the global natural cork stopper market.
This report provides an in-depth analysis of the global cork article market.
In 2016, approx. X tons of natural cork were imported worldwide- lowering by -X% against the previous year level. In general, natural cork imports continue to indicate a relatively flat trend pa...
In 2016, the amount of natural cork exported worldwide amounted to X tons, growing by X% against the previous year figure. Overall, natural cork exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rap
Portugal dominates in the global natural and agglomerated cork article trade. In 2014, Portugal exported X thousand tons of natural and agglomerated cork articles totaling X billion USD, X% over the previous year. Its primary trading partner was
In 2016, approx. X tons of natural cork were imported worldwide- lowering by -X% against the previous year level. In general, natural cork imports continue to indicate a relatively flat trend pa...
In 2016, the amount of natural cork exported worldwide amounted to X tons, growing by X% against the previous year figure. Overall, natural cork exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rap
Portugal dominates in the global natural and agglomerated cork article trade. In 2014, Portugal exported X thousand tons of natural and agglomerated cork articles totaling X billion USD, X% over the previous year. Its primary trading partner was