Price for Wadding; Other Articles Thereof, Other than of Cotton or Man-Made Fibres in South Korea - 2022
Contents:
- Price for Wadding; Other Articles Thereof, Other than of Cotton or Man-Made Fibres in South Korea (FOB) - 2022
- Price for Wadding; Other Articles Thereof, Other than of Cotton or Man-Made Fibres in South Korea (CIF) - 2022
- Exports of Wadding; Other Articles Thereof, Other than of Cotton or Man-Made Fibres in South Korea
- Imports of Wadding; Other Articles Thereof, Other than of Cotton or Man-Made Fibres in South Korea
Price for Wadding; Other Articles Thereof, Other than of Cotton or Man-Made Fibres in South Korea (FOB) - 2022
The average export price for wadding; other articles thereof, other than of cotton or man-made fibreses stood at $7,283 per ton in 2022, increasing by 19% against the previous year. Over the period under review, the export price, however, saw a pronounced descent. The pace of growth was the most pronounced in 2014 when the average export price increased by 45% against the previous year. Over the period under review, the average export prices attained the peak figure at $13,622 per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bolivia ($17,673 per ton), while the average price for exports to Mongolia ($2,638 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 Guatemala (+23.6%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Wadding; Other Articles Thereof, Other than of Cotton or Man-Made Fibres in South Korea (CIF) - 2022
The average import price for wadding; other articles thereof, other than of cotton or man-made fibreses stood at $11,641 per ton in 2022, rising by 33% against the previous year. Overall, the import price enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2019 an increase of 60% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is likely to see steady growth in the near future.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($21,529 per ton), while the price for Sri Lanka ($1,825 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+12.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Wadding; Other Articles Thereof, Other than of Cotton or Man-Made Fibres in South Korea
In 2022, overseas shipments of wadding; other articles thereof, other than of cotton or man-made fibreses decreased by -25.7% to 294 tons, falling for the second consecutive year after two years of growth. Overall, exports, however, saw a resilient expansion. The pace of growth appeared the most rapid in 2020 with an increase of 135%. As a result, the exports attained the peak of 555 tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of wadding; other articles thereof, other than of cotton or man-made fibreses shrank to $2.1M in 2022. The total export value increased at an average annual rate of +7.7% 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 when exports increased by 51% against the previous year. As a result, the exports reached the peak of $2.6M. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
| Export of Wadding; Other Articles Thereof, Other than of Cotton or Man-Made Fibres in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 943 | 1,526 | 1,550 | 1,438 | 15.1% |
| Vietnam | 220 | 420 | 412 | 355 | 17.3% |
| Bolivia | N/A | N/A | N/A | 125 | 0% |
| Mongolia | 3.0 | 202 | 57.0 | 84.8 | 204.6% |
| New Zealand | N/A | N/A | 20.0 | 25.8 | 29.0% |
| Thailand | 80.3 | 15.0 | 24.5 | 15.5 | -42.2% |
| Cambodia | 17.7 | 112 | 264 | 3.4 | -42.3% |
| Myanmar | 246 | 80.7 | 0.1 | N/A | -98.0% |
| Others | 203 | 233 | 87.5 | 92.1 | -23.2% |
| Total | 1,713 | 2,589 | 2,415 | 2,139 | 7.7% |
Top Export Markets for Wadding; Other Articles Thereof, Other than of Cotton or Man-Made Fibres from South Korea in 2022:
- Singapore (193.4 tons)
- Vietnam (47.8 tons)
- Mongolia (32.2 tons)
- Bolivia (7.0 tons)
- New Zealand (4.5 tons)
- Thailand (3.6 tons)
- Cambodia (1.1 tons)
Imports of Wadding; Other Articles Thereof, Other than of Cotton or Man-Made Fibres in South Korea
In 2022, the amount of wadding; other articles thereof, other than of cotton or man-made fibreses imported into South Korea declined notably to 53 tons, shrinking by -16.2% on the previous year's figure. Overall, imports continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2021 with an increase of 54% against the previous year.
In value terms, imports of wadding; other articles thereof, other than of cotton or man-made fibreses rose markedly to $612K in 2022. Over the period under review, imports recorded a abrupt slump. The pace of growth was the most pronounced in 2021 when imports increased by 62% against the previous year.
| Import of Wadding; Other Articles Thereof, Other than of Cotton or Man-Made Fibres in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 59.2 | 25.9 | 83.8 | 241 | 59.7% |
| Japan | 301 | 149 | 235 | 184 | -15.1% |
| Nepal | 287 | 72.8 | 76.7 | 137 | -21.8% |
| Sri Lanka | 80.7 | 53.7 | 64.7 | 24.7 | -32.6% |
| Vietnam | N/A | 22.7 | 57.8 | 17.2 | -13.0% |
| Malaysia | N/A | 11.2 | 8.8 | N/A | -21.4% |
| Others | 18.1 | 4.3 | 22.9 | 8.4 | -22.6% |
| Total | 746 | 340 | 550 | 612 | -6.4% |
Top Suppliers of Wadding; Other Articles Thereof, Other than of Cotton or Man-Made Fibres to South Korea in 2022:
- Sri Lanka (13.5 tons)
- China (11.2 tons)
- Vietnam (9.4 tons)
- Japan (9.4 tons)
- Nepal (8.9 tons)
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