Price for Textile Fabrics; Impregnated, Coated, Covered or Laminated with Polyurethane in South Korea - 2022
Contents:
- Price for Textile Fabrics; Impregnated, Coated, Covered or Laminated with Polyurethane in South Korea (FOB) - 2022
- Price for Textile Fabrics; Impregnated, Coated, Covered or Laminated with Polyurethane in South Korea (CIF) - 2022
- Exports of Textile Fabrics; Impregnated, Coated, Covered or Laminated with Polyurethane in South Korea
- 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.
Export of Textile Fabrics; Impregnated, Coated, Covered or Laminated with Polyurethane in South Korea (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Vietnam | 185 | 176 | 220 | 238 | 8.8% |
China | 83.9 | 58.9 | 72.0 | 83.3 | -0.2% |
Indonesia | 49.6 | 38.0 | 53.1 | 56.5 | 4.4% |
United States | 26.5 | 22.9 | 32.4 | 42.4 | 17.0% |
Hong Kong SAR | 38.3 | 28.7 | 34.5 | 27.0 | -11.0% |
Bangladesh | 21.1 | 16.8 | 24.3 | 25.1 | 6.0% |
Cambodia | 14.6 | 7.6 | 15.4 | 16.8 | 4.8% |
Russia | 13.3 | 11.7 | 14.5 | 13.3 | 0.0% |
India | 12.7 | 8.3 | 17.4 | 12.9 | 0.5% |
Philippines | 12.2 | 7.6 | 11.1 | 12.8 | 1.6% |
Romania | 9.6 | 10.5 | 13.3 | 10.1 | 1.7% |
Thailand | 10.6 | 11.3 | 11.0 | 9.6 | -3.2% |
Turkey | 10.4 | 8.7 | 5.0 | 6.5 | -14.5% |
Others | 67.1 | 49.3 | 56.3 | 60.6 | -3.3% |
Total | 555 | 457 | 580 | 615 | 3.5% |
Top Export Markets for Textile Fabrics; Impregnated, Coated, Covered or Laminated with Polyurethane from South Korea in 2022:
- Vietnam (45.5M square meters)
- China (14.6M square meters)
- Indonesia (11.4M square meters)
- United States (8.9M square meters)
- Cambodia (4.4M square meters)
- Bangladesh (4.2M square meters)
- Hong Kong SAR (3.8M square meters)
- Romania (3.4M square meters)
- Philippines (3.3M square meters)
- Turkey (3.1M square meters)
- Russia (3.1M square meters)
- India (2.8M square meters)
- 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.
Import of Textile Fabrics; Impregnated, Coated, Covered or Laminated with Polyurethane in South Korea (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 39.4 | 30.6 | 34.3 | 33.7 | -5.1% |
Italy | 4.0 | 7.8 | 11.8 | 6.3 | 16.3% |
Others | 11.2 | 10.7 | 10.2 | 8.2 | -9.9% |
Total | 54.5 | 49.0 | 56.3 | 48.2 | -4.0% |
Top Suppliers of Textile Fabrics; Impregnated, Coated, Covered or Laminated with Polyurethane to South Korea in 2022:
- China (20.4M square meters)
- Italy (0.5M square meters)
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