Glass Fibre Voiles Price in South Korea - 2021

Contents:

1. Glass Fibre Voiles Price in South Korea (CIF) - 2022
2. Glass Fibre Voiles Price in South Korea (FOB) - 2022
3. Glass Fibre Voiles Imports in South Korea
4. Glass Fibre Voiles Exports in South Korea

Glass Fibre Voiles Price in South Korea (CIF) - 2022

In 2022, the average glass fibre voiles import price amounted to $4,025 per ton, leveling off at the previous year. Over the period under review, the import price, however, showed a noticeable setback. The most prominent rate of growth was recorded in 2014 an increase of 30% against the previous year. The import price peaked at $5,388 per ton in 2012; however, from 2013 to 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 2012 to 2022, the rate of growth in terms of prices for China amounted to -0.2% per year.

Glass Fibre Voiles Price in South Korea (FOB) - 2022

The average glass fibre voiles export price stood at $6,968 per ton in 2022, therefore, remained relatively stable against the previous year. Over the period under review, export price indicated a mild increase 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, glass fibre voiles export price increased by +29.0% against 2018 indices. The pace of growth appeared the most rapid in 2014 when the average export price increased by 69% against the previous year. Over the period under review, the average export prices reached the maximum at $10,264 per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

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 Malaysia ($16,842 per ton), while the average price for exports to India ($3,005 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 Iran (+33.8%), while the prices for the other major destinations experienced mixed trend patterns.

Glass Fibre Voiles Imports in South Korea

Glass fibre voiles imports into South Korea shrank to 3.6K tons in 2022, falling by -13.6% compared with 2021 figures. The total import volume increased at an average annual rate of +1.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 36%. As a result, imports attained the peak of 4.1K tons, and then fell in the following year.

In value terms, glass fibre voiles imports fell to $14M in 2022. Over the period under review, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 37%. As a result, imports attained the peak of $17M, and then fell in the following year.

Top Suppliers of Glass Fibre Voiles to South Korea in 2022:

1. China (3.5K tons)

Glass Fibre Voiles Exports in South Korea

In 2022, approx. 183 tons of glass fibre voiles were exported from South Korea; waning by -18% against 2021. Overall, total exports indicated a mild expansion from 2019 to 2022: its volume increased at an average annual rate of +1.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +30.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 59% against the previous year. As a result, the exports attained the peak of 223 tons, and then fell sharply in the following year.

In value terms, glass fibre voiles exports declined markedly to $1.3M in 2022. In general, total exports indicated measured growth from 2019 to 2022: its value increased at an average annual rate of +4.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +31.3% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 63% against the previous year. As a result, the exports attained the peak of $1.6M, and then dropped markedly in the following year.

Top Export Markets for Glass Fibre Voiles from South Korea in 2022:

1. Turkey (43.2 tons)
2. India (37.1 tons)
3. Malaysia (36.4 tons)
4. Japan (32.8 tons)
5. Vietnam (24.3 tons)
6. China (8.2 tons)

Source: IndexBox Market Intelligence Platform