Price for Textile Fabrics; Tyrecord of High Tenacity Yarn of Polyester in South Korea - 2022

Contents:

1. Price for Textile Fabrics; Tyrecord of High Tenacity Yarn of Polyester in South Korea (FOB) - 2022
2. Price for Textile Fabrics; Tyrecord of High Tenacity Yarn of Polyester in South Korea (CIF) - 2022
3. Exports of Textile Fabrics; Tyrecord of High Tenacity Yarn of Polyester in South Korea
4. Imports of Textile Fabrics; Tyrecord of High Tenacity Yarn of Polyester in South Korea

Price for Textile Fabrics; Tyrecord of High Tenacity Yarn of Polyester in South Korea (FOB) - 2022

In 2022, the average export price for textile fabrics; tyrecord of high tenacity yarn of polyesters amounted to $3,983 per ton, rising by 14% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of 20% against the previous year. Over the period under review, the average export prices reached the peak figure at $4,142 per ton in 2012; however, from 2013 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 the United States ($4,614 per ton), while the average price for exports to Vietnam ($2,574 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 the United States (+0.5%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Textile Fabrics; Tyrecord of High Tenacity Yarn of Polyester in South Korea (CIF) - 2022

The average import price for textile fabrics; tyrecord of high tenacity yarn of polyesters stood at $3,097 per ton in December 2022, which is down by -3.7% against the previous month. Overall, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in May 2022 when the average import price increased by 6.5% month-to-month. Over the period under review, average import prices attained the maximum at $3,432 per ton in February 2022; however, from March 2022 to December 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In December 2022, the country with the highest price was Indonesia ($3,238 per ton), while the price for Vietnam ($3,052 per ton) was amongst the lowest.

From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by Indonesia (-0.6%), while the prices for the other major suppliers experienced a decline.

Exports of Textile Fabrics; Tyrecord of High Tenacity Yarn of Polyester in South Korea

For the third consecutive year, South Korea recorded decline in overseas shipments of textile fabrics; tyrecord of high tenacity yarn of polyesters, which decreased by -27.1% to 38K tons in 2022. Overall, exports showed a abrupt decrease. The smallest decline of -5.6% was in 2021.

In value terms, exports of textile fabrics; tyrecord of high tenacity yarn of polyesters fell rapidly to $153M in 2022. In general, exports showed a deep reduction. The most prominent rate of growth was recorded in 2021 when exports increased by 13% against the previous year.

Top Export Markets for Textile Fabrics; Tyrecord of High Tenacity Yarn of Polyester from South Korea in 2022:

1. United States (12.7K tons)
2. Brazil (2.7K tons)
3. Romania (2.7K tons)
4. Japan (2.5K tons)
5. Poland (2.3K tons)
6. Czech Republic (2.1K tons)
7. Taiwan (Chinese) (2.0K tons)
8. Costa Rica (1.5K tons)
9. Canada (1.4K tons)
10. Vietnam (1.4K tons)
11. Thailand (1.4K tons)
12. Spain (1.2K tons)
13. Hungary (0.7K tons)

Imports of Textile Fabrics; Tyrecord of High Tenacity Yarn of Polyester in South Korea

In 2022, overseas purchases of textile fabrics; tyrecord of high tenacity yarn of polyesters decreased by -15% to 28K tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +4.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 28%. As a result, imports reached the peak of 33K tons, and then contracted dramatically in the following year.

In value terms, imports of textile fabrics; tyrecord of high tenacity yarn of polyesters contracted slightly to $89M in 2022. The total import value increased at an average annual rate of +4.9% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 21% against the previous year. As a result, imports attained the peak of $93M, and then shrank slightly in the following year.

Top Suppliers of Textile Fabrics; Tyrecord of High Tenacity Yarn of Polyester to South Korea in 2022:

1. Vietnam (15.4K tons)
2. China (10.9K tons)
3. Indonesia (0.8K tons)
4. Taiwan (Chinese) (0.5K tons)

Source: IndexBox Market Intelligence Platform