Price for Textile Fabrics; Impregnated, Coated, Covered or Laminated with Polyurethane in South Korea - 2022

Contents:

1. Price for Textile Fabrics; Impregnated, Coated, Covered or Laminated with Polyurethane in South Korea (FOB) - 2022
2. Price for Textile Fabrics; Impregnated, Coated, Covered or Laminated with Polyurethane in South Korea (CIF) - 2022
3. Exports of Textile Fabrics; Impregnated, Coated, Covered or Laminated with Polyurethane in South Korea
4. Imports of Textile Fabrics; Impregnated, Coated, Covered or Laminated with Polyurethane in South Korea

Price for Textile Fabrics; Impregnated, Coated, Covered or Laminated with Polyurethane in South Korea (FOB) - 2022

In December 2022, the average export price for textile fabrics; impregnated, coated, covered or laminated with polyurethanes amounted to $5.0 per square meter, almost unchanged from the previous month. Over the period under review, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in November 2022 when the average export price increased by 11% against the previous month. The export price peaked at $5.4 per square meter in April 2022; however, from May 2022 to December 2022, the export prices remained at a lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Hong Kong SAR ($9.5 per square meter), while the average price for exports to Romania ($3.1 per square meter) 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 Turkey (+5.4%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Textile Fabrics; Impregnated, Coated, Covered or Laminated with Polyurethane in South Korea (CIF) - 2022

In December 2022, the average import price for textile fabrics; impregnated, coated, covered or laminated with polyurethanes amounted to $2.0 per square meter, picking up by 11% against the previous month. In general, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in February 2022 an increase of 40% m-o-m. As a result, import price reached the peak level of $3.0 per square meter. From March 2022 to December 2022, the average import prices remained 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 Italy ($10.5 per square meter), while the price for Vietnam ($871 per thousand square meters) was amongst the lowest.

From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by China (+0.2%), while the prices for the other major suppliers experienced a decline.

Exports of Textile Fabrics; Impregnated, Coated, Covered or Laminated with Polyurethane in South Korea

In 2022, approx. 122M square meters of textile fabrics; impregnated, coated, covered or laminated with polyurethanes were exported from South Korea; surging by 3.5% against the previous year. Overall, exports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 23%. The exports peaked at 124M square meters in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of textile fabrics; impregnated, coated, covered or laminated with polyurethanes rose remarkably to $615M in 2022. The total export value increased at an average annual rate of +3.5% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 27%. Over the period under review, the exports of hit record highs in 2022 and are likely to see gradual growth in the near future.

Top Export Markets for Textile Fabrics; Impregnated, Coated, Covered or Laminated with Polyurethane from South Korea in 2022:

1. Vietnam (45.5M square meters)
2. China (14.6M square meters)
3. Indonesia (11.4M square meters)
4. United States (8.9M square meters)
5. Cambodia (4.4M square meters)
6. Bangladesh (4.2M square meters)
7. Hong Kong SAR (3.8M square meters)
8. Romania (3.4M square meters)
9. Philippines (3.3M square meters)
10. Turkey (3.1M square meters)
11. Russia (3.1M square meters)
12. India (2.8M square meters)
13. Thailand (1.7M square meters)

Imports of Textile Fabrics; Impregnated, Coated, Covered or Laminated with Polyurethane in South Korea

In 2022, imports of textile fabrics; impregnated, coated, covered or laminated with polyurethanes into South Korea dropped modestly to 22M square meters, with a decrease of -3.4% compared with the previous year's figure. Over the period under review, imports saw a abrupt setback. The smallest decline of -1.5% was in 2021. Over the period under review, imports of hit record highs at 27M square meters in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of textile fabrics; impregnated, coated, covered or laminated with polyurethanes reduced to $48M in 2022. In general, imports continue to indicate a noticeable downturn. The growth pace was the most rapid in 2021 when imports increased by 15%. As a result, imports reached the peak of $56M, and then reduced in the following year.

Top Suppliers of Textile Fabrics; Impregnated, Coated, Covered or Laminated with Polyurethane to South Korea in 2022:

1. China (20.4M square meters)
2. Italy (0.5M square meters)

Source: IndexBox Market Intelligence Platform