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Republic of Korea - Primary Fiber Crops - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPrimary Fiber Crops Price in South Korea - 2022
Contents:
- Primary Fiber Crops Price in South Korea (CIF) - 2022
- Primary Fiber Crops Price in South Korea (FOB) - 2022
- Primary Fiber Crops Imports in South Korea
- Primary Fiber Crops Exports in South Korea
Primary Fiber Crops Price in South Korea (CIF) - 2022
The average primary fiber crops import price stood at $2,924 per ton in 2022, increasing by 53% against the previous year. In general, import price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, primary fiber crops import price increased by +83.6% against 2020 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Australia ($3,264 per ton), while the price for India ($680 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+3.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Primary Fiber Crops Price in South Korea (FOB) - 2022
In 2022, the average primary fiber crops export price amounted to $1,216 per ton, falling by -8.8% against the previous year. Over the period under review, the export price continues to indicate a pronounced reduction. The growth pace was the most rapid in 2019 when the average export price increased by 55%. The export price peaked at $1,665 per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Indonesia ($9,698 per ton), while the average price for exports to Nigeria ($504 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 Indonesia (+33.2%), while the prices for the other major destinations experienced more modest paces of growth.
Primary Fiber Crops Imports in South Korea
In 2022, approx. 126K tons of fiber crops (primary) were imported into South Korea; declining by -10.2% on the previous year. Overall, imports showed a deep slump. The pace of growth was the most pronounced in 2021 with an increase of 16%.
In value terms, primary fiber crops imports soared to $367M in 2022. In general, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +10.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +91.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 40%. Over the period under review, imports attained the maximum in 2022 and are likely to see steady growth in the immediate term.
Import of Primary Fiber Crops in South Korea (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Australia | 0.8 | 0.4 | 20.0 | 128 | 442.9% |
Brazil | 82.4 | 71.6 | 146 | 116 | 12.1% |
United States | 177 | 112 | 93.5 | 114 | -13.6% |
Bangladesh | 3.0 | 2.7 | 2.4 | 2.7 | -3.5% |
India | 4.3 | 1.7 | 1.6 | 0.6 | -48.1% |
Others | 5.4 | 2.7 | 3.6 | 5.7 | 1.8% |
Total | 273 | 191 | 267 | 367 | 10.4% |
Top Suppliers of Primary Fiber Crops to South Korea in 2022:
- Brazil (41.1K tons)
- Australia (39.2K tons)
- United States (38.3K tons)
- Bangladesh (3.6K tons)
- India (0.8K tons)
Primary Fiber Crops Exports in South Korea
In 2022, shipments abroad of fiber crops (primary) was finally on the rise to reach 1K tons after two years of decline. Over the period under review, exports, however, saw a dramatic decline.
In value terms, primary fiber crops exports contracted to $1.2M in 2022. In general, exports, however, showed a sharp contraction.
Export of Primary Fiber Crops in South Korea (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Japan | 21.1 | 243 | 354 | 463 | 180.0% |
Poland | 59.4 | 114 | 185 | 204 | 50.9% |
Vietnam | 6,709 | 3,093 | 259 | 125 | -73.5% |
Nigeria | 190 | 123 | 40.9 | 105 | -17.9% |
Thailand | N/A | N/A | 84.6 | 73.6 | -13.0% |
United States | 380 | 143 | 24.0 | 67.3 | -43.8% |
Uzbekistan | N/A | N/A | N/A | 48.2 | 0% |
Others | 94.7 | 353 | 372 | 145 | 15.3% |
Total | 7,455 | 4,069 | 1,318 | 1,232 | -45.1% |
Top Export Markets for Primary Fiber Crops from South Korea in 2022:
- Poland (320.8 tons)
- Nigeria (209.2 tons)
- Japan (197.8 tons)
- Vietnam (106.8 tons)
- Uzbekistan (86.9 tons)
- Thailand (28.4 tons)
- United States (19.6 tons)
This report provides an in-depth analysis of the primary fiber crops market in Republic of Korea. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 767 - Cotton Lint
- FCL 328 - [Seed Cotton]
- FCL 773 - Flax fibre and tow
- FCL 777 - Hemp fibre and tow
- FCL 780 - Jute
- FCL 782 - Jute-like fibres
- FCL 809 - Abaca manila hemp
- FCL 800 - Agave fibres nes
- FCL 310 -
- FCL 821 - Fibre crops nes
- FCL 788 - Ramie
- FCL 789 - Sisal
Country coverage:
- South Korea
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Republic of Korea
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the primary fiber crops market in Republic of Korea.
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