Price for Rubber Thread and Cord; Textile Covered in South Korea - 2022
Contents:
- Price for Rubber Thread and Cord; Textile Covered in South Korea (CIF) - 2022
- Price for Rubber Thread and Cord; Textile Covered in South Korea (FOB) - 2022
- Imports of Rubber Thread and Cord; Textile Covered in South Korea
- Exports of Rubber Thread and Cord; Textile Covered in South Korea
Price for Rubber Thread and Cord; Textile Covered in South Korea (CIF) - 2022
The average import price for rubber thread and cord; textile covereds stood at $3,757 per ton in December 2022, reducing by -29.4% against the previous month. Overall, the import price saw a perceptible slump. The pace of growth was the most pronounced in November 2022 an increase of 35% against the previous month. Over the period under review, average import prices reached the peak figure at $6,259 per ton in April 2022; however, from May 2022 to December 2022, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In December 2022, the country with the highest price was Malaysia ($4,378 per ton), while the price for China ($3,516 per ton) was amongst the lowest.
From January 2022 to December 2022, the most notable rate of growth in terms of prices was attained by Malaysia (-0.3%), while the prices for the other major suppliers experienced a decline.
Price for Rubber Thread and Cord; Textile Covered in South Korea (FOB) - 2022
In December 2022, the average export price for rubber thread and cord; textile covereds amounted to $8,482 per ton, waning by -26.2% against the previous month. Overall, the export price saw a noticeable descent. The pace of growth was the most pronounced in October 2022 an increase of 81% month-to-month. Over the period under review, the average export prices hit record highs at $18,027 per ton in July 2022; however, from August 2022 to December 2022, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Singapore ($23,159 per ton), while the average price for exports to China ($2,201 per ton) was amongst the lowest.
From January 2022 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+48.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Rubber Thread and Cord; Textile Covered in South Korea
In 2022, approx. 940 tons of rubber thread and cord; textile covereds were imported into South Korea; surging by 8% on the year before. The total import volume increased at an average annual rate of +6.0% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 with an increase of 35% against the previous year. As a result, imports reached the peak of 1.1K tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of rubber thread and cord; textile covereds stood at $4.4M in 2022. Over the period under review, imports, however, showed a mild reduction. The pace of growth appeared the most rapid in 2020 with an increase of 31%. As a result, imports attained the peak of $6M. From 2021 to 2022, the growth of imports of failed to regain momentum.
| Import of Rubber Thread and Cord; Textile Covered in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2.2 | 4.5 | 2.5 | 2.7 | 7.1% |
| Vietnam | 1.4 | 1.0 | 1.2 | 1.1 | -7.7% |
| Malaysia | 0.4 | 0.2 | 0.3 | 0.2 | -20.6% |
| Japan | 0.6 | 0.2 | 0.2 | 0.2 | -30.7% |
| Others | N/A | N/A | 0.1 | 0.2 | 100.0% |
| Total | 4.6 | 6.0 | 4.3 | 4.4 | -1.5% |
Top Suppliers of Rubber Thread and Cord; Textile Covered to South Korea in 2022:
- China (617.1 tons)
- Vietnam (257.8 tons)
- Malaysia (38.5 tons)
- Japan (17.3 tons)
Exports of Rubber Thread and Cord; Textile Covered in South Korea
In 2022, shipments abroad of rubber thread and cord; textile covereds decreased by -22% to 252 tons, falling for the second year in a row after two years of growth. Overall, exports recorded a abrupt shrinkage. The growth pace was the most rapid in 2020 when exports increased by 493% against the previous year. As a result, the exports attained the peak of 2.2K tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of rubber thread and cord; textile covereds fell significantly to $2.3M in 2022. Over the period under review, exports recorded a deep slump. The most prominent rate of growth was recorded in 2020 when exports increased by 492% against the previous year. As a result, the exports reached the peak of $20M. From 2021 to 2022, the growth of the exports of failed to regain momentum.
| Export of Rubber Thread and Cord; Textile Covered in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 1,209 | 4,924 | 634 | 805 | -12.7% |
| Singapore | 605 | 7,628 | 712 | 644 | 2.1% |
| Netherlands | 279 | 736 | 349 | 279 | 0.0% |
| Indonesia | 387 | 1,025 | 352 | 157 | -26.0% |
| Myanmar | 268 | 826 | 7.6 | 133 | -20.8% |
| United Kingdom | 190 | 789 | 284 | 45.2 | -38.0% |
| Philippines | 1.6 | N/A | N/A | 33.2 | 174.8% |
| China | 26.8 | 1,426 | 69.0 | 21.0 | -7.8% |
| Others | 406 | 2,602 | 670 | 167 | -25.6% |
| Total | 3,373 | 19,957 | 3,078 | 2,284 | -12.2% |
Top Export Markets for Rubber Thread and Cord; Textile Covered from South Korea in 2022:
- Vietnam (99.0 tons)
- Netherlands (37.0 tons)
- Singapore (31.9 tons)
- Myanmar (30.3 tons)
- Indonesia (14.2 tons)
- Philippines (13.5 tons)
- United Kingdom (8.0 tons)
- China (2.5 tons)
335
This report provides an in-depth analysis of the market for rubber thread and cord textile covered in Republic of Korea.
701
Global Rubber Thread Market Report 2018. This report provides an in-depth analysis of the global rubber thread market.
335
This report provides an in-depth analysis of the market for rubber thread and cord textile covered in Republic of Korea.
701
Global Rubber Thread Market Report 2018. This report provides an in-depth analysis of the global rubber thread market.
672
In value terms, rubber waste, parings and scrap imports amounted to $X in 2016. Overall, rubber waste, parings and scrap imports continue to indicate a relatively flat trend pattern. Over the perio...
1658
In value terms, rubber thread and cord imports amounted to $X in 2016. The total import value increased at an average annual rate of +X% from 2007 to 2016; the trend pattern indicated some notice...
668
In value terms, rubber waste, parings and scrap exports amounted to $X in 2016. In general, rubber waste, parings and scrap exports continue to indicate a slight contraction. Over the period under ...
1443
In value terms, rubber thread and cord exports totaled $X in 2016. Overall, it indicated a remarkable growth from 2007 to 2016: the total exports value increased at an average annual rate of +X% ...
672
In value terms, rubber waste, parings and scrap imports amounted to $X in 2016. Overall, rubber waste, parings and scrap imports continue to indicate a relatively flat trend pattern. Over the perio...
1658
In value terms, rubber thread and cord imports amounted to $X in 2016. The total import value increased at an average annual rate of +X% from 2007 to 2016; the trend pattern indicated some notice...
668
In value terms, rubber waste, parings and scrap exports amounted to $X in 2016. In general, rubber waste, parings and scrap exports continue to indicate a slight contraction. Over the period under ...
1443
In value terms, rubber thread and cord exports totaled $X in 2016. Overall, it indicated a remarkable growth from 2007 to 2016: the total exports value increased at an average annual rate of +X% ...
