Republic of Korea - Sisal Binder Or Baler (Agricultural) Twines - Market Analysis, Forecast, Size, Trends And Insights
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View PricingSisal Binder Price in South Korea - 2022
Contents:
- Sisal Binder Price in South Korea (CIF) - 2022
- Sisal Binder Price in South Korea (FOB) - 2022
- Sisal Binder Imports in South Korea
- Sisal Binder Exports in South Korea
Sisal Binder Price in South Korea (CIF) - 2022
The average sisal binder import price stood at $8,084 per ton in December 2022, picking up by 121% against the previous month. In general, the import price, however, recorded a abrupt contraction. The most prominent rate of growth was recorded in August 2022 when the average import price increased by 1,565% against the previous month. The import price peaked at $48,021 per ton in March 2022; however, from April 2022 to December 2022, import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for China.
From December 2021 to December 2022, the rate of growth in terms of prices for China amounted to -8.4% per month.
Sisal Binder Price in South Korea (FOB) - 2022
In 2022, the average sisal binder export price amounted to $8,035 per ton, picking up by 35% against the previous year. Overall, the export price continues to indicate a pronounced expansion. The most prominent rate of growth was recorded in 2018 when the average export price increased by 264%. As a result, the export price reached the peak level of $8,835 per ton. From 2019 to 2022, the average 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 Vietnam ($127,529 per ton), while the average price for exports to Hungary ($527 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 Vietnam (+46.6%), while the prices for the other major destinations experienced mixed trend patterns.
Sisal Binder Imports in South Korea
In 2022, the amount of sisal binder or baler (agricultural) twines imported into South Korea skyrocketed to 73 tons, picking up by 47% on the year before. Overall, total imports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +19.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +70.3% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, sisal binder imports soared to $419K in 2022. In general, imports enjoyed a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
Import of Sisal Binder in South Korea (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 196 | 127 | 165 | 413 | 28.2% |
Others | 18.4 | 4.6 | 23.6 | 5.4 | -33.5% |
Total | 214 | 131 | 188 | 419 | 25.1% |
Top Suppliers of Sisal Binder to South Korea in 2022:
- China (72.7 tons)
Sisal Binder Exports in South Korea
In 2022, shipments abroad of sisal binder or baler (agricultural) twines decreased by -94.4% to 1.5 tons for the first time since 2018, thus ending a three-year rising trend. In general, exports faced a significant decrease. The growth pace was the most rapid in 2020 when exports increased by 629% against the previous year.
In value terms, sisal binder exports fell markedly to $12K in 2022. Over the period under review, exports saw a deep contraction. The most prominent rate of growth was recorded in 2020 with an increase of 666% against the previous year.
Export of Sisal Binder in South Korea (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Vietnam | 0.2 | N/A | N/A | 4.3 | 178.1% |
Bangladesh | N/A | N/A | N/A | 0.8 | 0% |
Philippines | 0.1 | 1.2 | 3.4 | 0.8 | 100.0% |
Hungary | N/A | N/A | N/A | 0.7 | 0% |
China | N/A | N/A | 3.0 | 0.3 | -90.0% |
Myanmar | 18.5 | 79.1 | N/A | N/A | 327.6% |
Others | 0.1 | 63.8 | 152 | 4.9 | 265.9% |
Total | 18.8 | 144 | 159 | 11.9 | -14.1% |
Top Export Markets for Sisal Binder from South Korea in 2022:
- Hungary (1301.0 kg)
- China (38.0 kg)
- Philippines (36.0 kg)
- Vietnam (34.0 kg)
- Bangladesh (25.0 kg)
This report provides an in-depth analysis of the sisal binder 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:
- Prodcom 13941153 - Sisal binder or baler (agricultural) twines
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
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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
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