Price for Felt; Whether or Not Impregnated, Coated, Covered or Laminated in South Korea - 2022
Contents:
- Price for Felt; Whether or Not Impregnated, Coated, Covered or Laminated in South Korea (FOB) - 2022
- Price for Felt; Whether or Not Impregnated, Coated, Covered or Laminated in South Korea (CIF) - 2022
- Exports of Felt; Whether or Not Impregnated, Coated, Covered or Laminated in South Korea
- Imports of Felt; Whether or Not Impregnated, Coated, Covered or Laminated in South Korea
Price for Felt; Whether or Not Impregnated, Coated, Covered or Laminated in South Korea (FOB) - 2022
In December 2022, the average export price for felt; whether or not impregnated, coated, covered or laminateds amounted to $4,589 per ton, which is down by -8% against the previous month. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in February 2022 when the average export price increased by 12% against the previous month. As a result, the export price reached the peak level of $5,546 per ton. From March 2022 to December 2022, the the average export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In December 2022, the country with the highest price was India ($8,312 per ton), while the average price for exports to Colombia ($2,591 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 the United Arab Emirates (+9.3%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Felt; Whether or Not Impregnated, Coated, Covered or Laminated in South Korea (CIF) - 2022
The average import price for felt; whether or not impregnated, coated, covered or laminateds stood at $7,669 per ton in 2022, rising by 13% against the previous year. Over the period under review, the import price, however, recorded a abrupt downturn. The most prominent rate of growth was recorded in 2021 when the average import price increased by 23%. The import price peaked at $14,069 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
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 Japan ($72,783 per ton), while the price for Vietnam ($2,558 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+10.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Felt; Whether or Not Impregnated, Coated, Covered or Laminated in South Korea
In 2022, exports of felt; whether or not impregnated, coated, covered or laminateds from South Korea reduced modestly to 8.6K tons, approximately mirroring 2021. In general, exports recorded a pronounced descent. The pace of growth appeared the most rapid in 2021 when exports increased by 16%.
In value terms, exports of felt; whether or not impregnated, coated, covered or laminateds contracted slightly to $42M in 2022. Over the period under review, exports continue to indicate a perceptible slump. The most prominent rate of growth was recorded in 2021 when exports increased by 10%.
| Export of Felt; Whether or Not Impregnated, Coated, Covered or Laminated in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 21.0 | 16.5 | 17.8 | 17.3 | -6.3% |
| Mexico | 4.9 | 3.8 | 4.9 | 4.7 | -1.4% |
| Vietnam | 1.5 | 3.0 | 3.2 | 3.6 | 33.9% |
| India | 3.0 | 4.1 | 3.7 | 3.2 | 2.2% |
| China | 3.1 | 2.0 | 2.8 | 2.1 | -12.2% |
| Uzbekistan | 1.8 | 1.4 | 0.9 | 1.3 | -10.3% |
| Japan | 1.9 | 1.2 | 1.4 | 1.0 | -19.3% |
| Thailand | 1.4 | 1.2 | 0.9 | 1.0 | -10.6% |
| Slovakia | 0.7 | 0.7 | 0.7 | 0.9 | 8.7% |
| Philippines | 0.4 | 0.2 | 0.5 | 0.7 | 20.5% |
| Czech Republic | N/A | 0.2 | 0.4 | 0.6 | 73.2% |
| Others | 6.9 | 4.9 | 6.1 | 5.5 | -7.3% |
| Total | 46.7 | 39.4 | 43.4 | 42.0 | -3.5% |
Top Export Markets for Felt; Whether or Not Impregnated, Coated, Covered or Laminated from South Korea in 2022:
- United States (4475.0 tons)
- Mexico (1111.4 tons)
- Vietnam (657.8 tons)
- India (357.9 tons)
- Uzbekistan (327.0 tons)
- Czech Republic (211.2 tons)
- Thailand (159.4 tons)
- Slovakia (143.8 tons)
- Japan (138.9 tons)
- Philippines (130.6 tons)
- China (109.1 tons)
Imports of Felt; Whether or Not Impregnated, Coated, Covered or Laminated in South Korea
In 2022, supplies from abroad of felt; whether or not impregnated, coated, covered or laminateds decreased by -10.1% to 2.4K tons, falling for the second year in a row after two years of growth. Overall, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 14%. As a result, imports attained the peak of 2.8K tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of felt; whether or not impregnated, coated, covered or laminateds rose slightly to $19M in 2022. The total import value increased at an average annual rate of +2.8% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 20% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are likely to continue growth in the immediate term.
| Import of Felt; Whether or Not Impregnated, Coated, Covered or Laminated in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 5.2 | 5.4 | 7.3 | 9.1 | 20.5% |
| Italy | 1.8 | 2.1 | 2.5 | 2.9 | 17.2% |
| Vietnam | 2.1 | 1.5 | 1.8 | 1.6 | -8.7% |
| Japan | 2.1 | 1.7 | 1.5 | 0.9 | -24.6% |
| United Kingdom | 0.2 | 0.4 | 0.2 | 0.8 | 58.7% |
| United States | 2.2 | 1.9 | 2.3 | 0.3 | -48.5% |
| Others | 3.5 | 2.3 | 2.6 | 2.9 | -6.1% |
| Total | 17.1 | 15.3 | 18.3 | 18.5 | 2.7% |
Top Suppliers of Felt; Whether or Not Impregnated, Coated, Covered or Laminated to South Korea in 2022:
- China (1185.1 tons)
- Vietnam (614.5 tons)
- Italy (352.5 tons)
- United Kingdom (79.8 tons)
- United States (31.4 tons)
- Japan (12.8 tons)
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