Price for Yarn of Other Vegetable Textile Fibres; Paper Yarn in South Korea - 2022

Contents:

1. Price for Yarn of Other Vegetable Textile Fibres; Paper Yarn in South Korea (CIF) - 2022
2. Price for Yarn of Other Vegetable Textile Fibres; Paper Yarn in South Korea (FOB) - 2022
3. Imports of Yarn of Other Vegetable Textile Fibres; Paper Yarn in South Korea
4. Exports of Yarn of Other Vegetable Textile Fibres; Paper Yarn in South Korea

Price for Yarn of Other Vegetable Textile Fibres; Paper Yarn in South Korea (CIF) - 2022

The average import price for yarn of other vegetable textile fibres; paper yarns stood at $4,817 per ton in 2022, leveling off at the previous year. Overall, import price indicated a pronounced expansion from 2012 to 2022: its price increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for yarn of other vegetable textile fibres; paper yarns decreased by -10.2% against 2020 indices. The growth pace was the most rapid in 2020 when the average import price increased by 15%. As a result, import price reached the peak level of $5,362 per ton. From 2021 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Taiwan (Chinese) ($30,678 per ton), while the price for Indonesia ($2,384 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+2.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Yarn of Other Vegetable Textile Fibres; Paper Yarn in South Korea (FOB) - 2022

In 2022, the average export price for yarn of other vegetable textile fibres; paper yarns amounted to $4,524 per ton, declining by -19.2% against the previous year. In general, the export price, however, posted a strong expansion. The pace of growth was the most pronounced in 2021 when the average export price increased by 178% against the previous year. Over the period under review, the average export prices attained the peak figure at $6,174 per ton in 2013; however, from 2014 to 2022, the 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 Canada ($8,775 per ton), while the average price for exports to Indonesia ($2,000 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 Cambodia (+61.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Yarn of Other Vegetable Textile Fibres; Paper Yarn in South Korea

In 2022, imports of yarn of other vegetable textile fibres; paper yarns into South Korea expanded markedly to 1.6K tons, growing by 12% compared with the year before. In general, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by 46% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, imports of yarn of other vegetable textile fibres; paper yarns rose sharply to $7.6M in 2022. The total import value increased at an average annual rate of +1.9% over the period 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 2021 with an increase of 33% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

Top Suppliers of Yarn of Other Vegetable Textile Fibres; Paper Yarn to South Korea in 2022:

1. China (1512.5 tons)
2. Taiwan (Chinese) (26.2 tons)
3. Indonesia (20.3 tons)

Exports of Yarn of Other Vegetable Textile Fibres; Paper Yarn in South Korea

In 2022, the amount of yarn of other vegetable textile fibres; paper yarns exported from South Korea declined rapidly to 4.5 tons, with a decrease of -17.2% compared with 2021 figures. In general, exports saw a precipitous decrease.

In value terms, exports of yarn of other vegetable textile fibres; paper yarns reduced remarkably to $20K in 2022. Over the period under review, exports showed a sharp reduction. The growth pace was the most rapid in 2021 with an increase of 18%.

Top Export Markets for Yarn of Other Vegetable Textile Fibres; Paper Yarn from South Korea in 2022:

1. Vietnam (4.1 tons)
2. China (0.2 tons)
3. Canada (0.1 tons)

Source: IndexBox Market Intelligence Platform