Price for Glassware; Drinking Glasses (Not Stemware), Other than of Lead Crystal or Glass-Ceramics in South Korea - 2022
Contents:
- Price for Glassware; Drinking Glasses (Not Stemware), Other than of Lead Crystal or Glass-Ceramics in South Korea (CIF) - 2022
- Price for Glassware; Drinking Glasses (Not Stemware), Other than of Lead Crystal or Glass-Ceramics in South Korea (FOB) - 2022
- Imports of Glassware; Drinking Glasses (Not Stemware), Other than of Lead Crystal or Glass-Ceramics in South Korea
- Exports of Glassware; Drinking Glasses (Not Stemware), Other than of Lead Crystal or Glass-Ceramics in South Korea
Price for Glassware; Drinking Glasses (Not Stemware), Other than of Lead Crystal or Glass-Ceramics in South Korea (CIF) - 2022
The average import price for glassware; drinking glasses (not stemware), other than of lead crystal or glass-ceramicses stood at $2.6 per unit in December 2022, reducing by -10.5% against the previous month. Overall, the import price showed a perceptible setback. The pace of growth was the most pronounced in November 2022 an increase of 28% month-to-month. Over the period under review, average import prices attained the maximum at $3.7 per unit in February 2022; however, from March 2022 to December 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was France ($3.0 per unit), while the price for Bulgaria ($489 per thousand units) was amongst the lowest.
From January 2022 to December 2022, the most notable rate of growth in terms of prices was attained by Italy (+11.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Glassware; Drinking Glasses (Not Stemware), Other than of Lead Crystal or Glass-Ceramics in South Korea (FOB) - 2022
The average export price for glassware; drinking glasses (not stemware), other than of lead crystal or glass-ceramicses stood at $2.6 per unit in 2022, picking up by 20% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.4%. The pace of growth was the most pronounced in 2013 when the average export price increased by 21% against the previous year. The export price peaked at $2.8 per unit in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($5 per unit), while the average price for exports to Thailand ($1.2 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+7.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Glassware; Drinking Glasses (Not Stemware), Other than of Lead Crystal or Glass-Ceramics in South Korea
In 2022, approx. 15M units of glassware; drinking glasses (not stemware), other than of lead crystal or glass-ceramicses were imported into South Korea; with an increase of 16% on the year before. The total import volume increased at an average annual rate of +3.7% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of glassware; drinking glasses (not stemware), other than of lead crystal or glass-ceramicses surged to $42M in 2022. Overall, total imports indicated strong growth from 2019 to 2022: its value 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, imports increased by +48.6% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 18%. Over the period under review, imports of attained the peak figure in 2022 and are likely to see gradual growth in the near future.
| Import of Glassware; Drinking Glasses (Not Stemware), Other than of Lead Crystal or Glass-Ceramics in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 18.3 | 21.7 | 26.7 | 32.4 | 21.0% |
| Thailand | 1.5 | 1.5 | 1.5 | 1.7 | 4.3% |
| Germany | 1.5 | 1.0 | 1.1 | 1.4 | -2.3% |
| Japan | 1.1 | 1.1 | 0.7 | 1.2 | 2.9% |
| France | 1.4 | 0.6 | 0.6 | 0.8 | -17.0% |
| Bulgaria | 0.6 | 0.6 | 0.4 | 0.6 | 0.0% |
| Turkey | 0.8 | 0.8 | 0.5 | 0.4 | -20.6% |
| Others | 3.3 | 3.5 | 4.9 | 3.9 | 5.7% |
| Total | 28.4 | 30.7 | 36.3 | 42.2 | 14.1% |
Top Suppliers of Glassware; Drinking Glasses (Not Stemware), Other than of Lead Crystal or Glass-Ceramics to South Korea in 2022:
- China (11.9M units)
- Thailand (1.0M units)
- Bulgaria (0.5M units)
- France (0.3M units)
- Turkey (0.2M units)
- Germany (0.2M units)
- Japan (0.2M units)
Exports of Glassware; Drinking Glasses (Not Stemware), Other than of Lead Crystal or Glass-Ceramics in South Korea
In 2022, overseas shipments of glassware; drinking glasses (not stemware), other than of lead crystal or glass-ceramicses decreased by -1.7% to 412K units, falling for the second consecutive year after two years of growth. Overall, exports continue to indicate a abrupt decline. The growth pace was the most rapid in 2020 with an increase of 0.1% against the previous year. As a result, the exports attained the peak of 731K units. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of glassware; drinking glasses (not stemware), other than of lead crystal or glass-ceramicses soared to $1.1M in 2022. In general, exports saw a abrupt downturn. The exports peaked at $1.9M in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
| Export of Glassware; Drinking Glasses (Not Stemware), Other than of Lead Crystal or Glass-Ceramics in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 31.4 | 116 | 114 | 231 | 94.5% |
| China | 1,127 | 662 | 147 | 192 | -44.6% |
| Hong Kong SAR | 50.6 | 19.2 | 19.4 | 111 | 29.9% |
| Singapore | 28.7 | 20.0 | 51.9 | 77.1 | 39.0% |
| Taiwan (Chinese) | 28.1 | 15.4 | 19.4 | 75.4 | 39.0% |
| Malaysia | 6.6 | N/A | 16.6 | 62.2 | 111.2% |
| Japan | N/A | 91.9 | 98.3 | 60.2 | -19.1% |
| Thailand | 11.9 | 24.9 | 17.4 | 46.7 | 57.7% |
| Mongolia | 57.2 | 17.9 | 12.0 | 37.9 | -12.8% |
| Australia | 185 | 87.1 | 28.8 | 28.2 | -46.6% |
| Canada | 3.9 | 7.4 | 8.1 | 25.3 | 86.5% |
| Philippines | 25.2 | 80.1 | 34.2 | 24.5 | -0.9% |
| Indonesia | 172 | 376 | 254 | 16.7 | -54.0% |
| Others | 163 | 68.5 | 97.5 | 95.9 | -16.2% |
| Total | 1,890 | 1,586 | 918 | 1,084 | -16.9% |
Top Export Markets for Glassware; Drinking Glasses (Not Stemware), Other than of Lead Crystal or Glass-Ceramics from South Korea in 2022:
- United States (100.1K units)
- China (83.5K units)
- Thailand (39.9K units)
- Singapore (34.5K units)
- Hong Kong SAR (25.4K units)
- Japan (16.7K units)
- Malaysia (15.9K units)
- Taiwan (Chinese) (15.1K units)
- Indonesia (13.7K units)
- Mongolia (12.9K units)
- Australia (12.2K units)
- Canada (10.2K units)
- Philippines (9.9K units)
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