Price for Tarpaulins, Awnings and Sunblinds of Synthetic Fibres in South Korea - 2022

Contents:

1. Price for Tarpaulins, Awnings and Sunblinds of Synthetic Fibres in South Korea (CIF) - 2022
2. Price for Tarpaulins, Awnings and Sunblinds of Synthetic Fibres in South Korea (FOB) - 2022
3. Imports of Tarpaulins, Awnings and Sunblinds of Synthetic Fibres in South Korea
4. Exports of Tarpaulins, Awnings and Sunblinds of Synthetic Fibres in South Korea

Price for Tarpaulins, Awnings and Sunblinds of Synthetic Fibres in South Korea (CIF) - 2022

In December 2022, the average import price for tarpaulins, awnings and sunblinds of synthetic fibreses amounted to $2,328 per ton, increasing by 3% against the previous month. Overall, the import price, however, continues to indicate a slight contraction. The most prominent rate of growth was recorded in May 2022 an increase of 11% m-o-m. The import price peaked at $3,577 per ton in August 2022; however, from September 2022 to December 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In December 2022, the country with the highest price was China ($5,427 per ton), while the price for Vietnam totaled $2,003 per ton.

From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by China (+2.0%).

Price for Tarpaulins, Awnings and Sunblinds of Synthetic Fibres in South Korea (FOB) - 2022

The average export price for tarpaulins, awnings and sunblinds of synthetic fibreses stood at $3,604 per ton in 2022, surging by 19% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the average export price increased by 33% against the previous year. As a result, the export price attained the peak level of $3,902 per ton. From 2016 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($9,052 per ton), while the average price for exports to the Philippines ($526 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 Burkina Faso (+30.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Tarpaulins, Awnings and Sunblinds of Synthetic Fibres in South Korea

For the fourth consecutive year, South Korea recorded growth in overseas purchases of tarpaulins, awnings and sunblinds of synthetic fibreses, which increased by 9% to 15K tons in 2022. In general, total imports indicated a significant increase from 2019 to 2022: its volume increased at an average annual rate of +21.7% 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 +80.1% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 37%. Over the period under review, imports of hit record highs in 2022 and are likely to continue growth in the near future.

In value terms, imports of tarpaulins, awnings and sunblinds of synthetic fibreses expanded sharply to $43M in 2022. Overall, imports recorded a significant expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 58% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to see gradual growth in years to come.

Top Suppliers of Tarpaulins, Awnings and Sunblinds of Synthetic Fibres to South Korea in 2022:

1. Vietnam (12.3K tons)
2. China (2.5K tons)

Exports of Tarpaulins, Awnings and Sunblinds of Synthetic Fibres in South Korea

Exports of tarpaulins, awnings and sunblinds of synthetic fibreses from South Korea skyrocketed to 1.2K tons in 2022, picking up by 45% compared with the previous year. Overall, total exports indicated a significant increase from 2019 to 2022: its volume increased at an average annual rate of +21.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -0.1% against 2020 indices. The growth pace was the most rapid in 2020 with an increase of 79% against the previous year. As a result, the exports reached the peak of 1.2K tons; afterwards, it flattened through to 2022.

In value terms, exports of tarpaulins, awnings and sunblinds of synthetic fibreses soared to $4.3M in 2022. In general, exports posted a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Tarpaulins, Awnings and Sunblinds of Synthetic Fibres from South Korea in 2022:

1. Malaysia (425.5 tons)
2. United States (175.2 tons)
3. Philippines (147.5 tons)
4. Singapore (81.8 tons)
5. Brazil (53.0 tons)
6. Burkina Faso (33.2 tons)
7. Pakistan (28.4 tons)
8. Botswana (28.3 tons)
9. Australia (25.0 tons)
10. Guyana (24.7 tons)
11. Canada (20.2 tons)
12. Netherlands (18.8 tons)
13. Indonesia (18.4 tons)

Source: IndexBox Market Intelligence Platform