Republic of Korea: Market for Boards, Blocks And Similar Articles Of Vegetable Fibre, Agglomerated With Mineral Binders 2024

Market Size for Boards, Blocks And Similar Articles Of Vegetable Fibre, Agglomerated With Mineral Binders in Republic of Korea

After two years of growth, the South Korean market for boards, blocks and similar articles of vegetable fibre, agglomerated with mineral binders decreased by X% to $X in 2023. Overall, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2023, consumption remained at a lower figure.

Exports of Boards, Blocks And Similar Articles Of Vegetable Fibre, Agglomerated With Mineral Binders

Exports from Republic of Korea

After three years of decline, shipments abroad of boards, blocks and similar articles of vegetable fibre, agglomerated with mineral binders increased by X% to X square meters in 2023. Overall, exports, however, continue to indicate a precipitous decrease. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. The exports peaked at X square meters in 2013; however, from 2014 to 2023, the exports stood at a somewhat lower figure.

In value terms, exports of boards, blocks and similar articles of vegetable fibre, agglomerated with mineral binders skyrocketed to $X in 2023. Over the period under review, exports, however, faced a abrupt curtailment. The most prominent rate of growth was recorded in 2019 when exports increased by X%. The exports peaked at $X in 2013; however, from 2014 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Bangladesh (X square meters), Japan (X square meters) and Mongolia (X square meters) were the main destinations of exports of boards, blocks and similar articles of vegetable fibre, agglomerated with mineral binders from South Korea, together comprising X% of total exports.

From 2012 to 2023, the biggest increases were recorded for Bangladesh (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), China ($X) and New Zealand ($X) appeared to be the largest markets for boards, blocks and similar articles of vegetable fibre, agglomerated with mineral binders exported from South Korea worldwide, together comprising X% of total exports.

New Zealand, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for boards, blocks and similar articles of vegetable fibre, agglomerated with mineral binders stood at $X per square meter in 2023, with an increase of X% against the previous year. Over the period under review, export price indicated notable growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, export price for boards, blocks and similar articles of vegetable fibre, agglomerated with mineral binders increased by X% against 2020 indices. The pace of growth was the most pronounced in 2018 when the average export price increased by X%. As a result, the export price reached the peak level of $X per square meter. From 2019 to 2023, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was New Zealand ($X per square meter), while the average price for exports to Mongolia ($X per square meter) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Romania (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Boards, Blocks And Similar Articles Of Vegetable Fibre, Agglomerated With Mineral Binders

Imports into Republic of Korea

After two years of growth, supplies from abroad of boards, blocks and similar articles of vegetable fibre, agglomerated with mineral binders decreased by X% to X square meters in 2023. Overall, imports recorded a perceptible curtailment. The pace of growth was the most pronounced in 2022 with an increase of X%. Over the period under review, imports of hit record highs at X square meters in 2013; however, from 2014 to 2023, imports failed to regain momentum.

In value terms, imports of boards, blocks and similar articles of vegetable fibre, agglomerated with mineral binders dropped markedly to $X in 2023. Over the period under review, imports, however, recorded a modest expansion. The pace of growth was the most pronounced in 2022 when imports increased by X%. Imports peaked at $X in 2013; however, from 2014 to 2023, imports remained at a lower figure.

Imports by Country

China (X square meters) and Japan (X square meters) were the main suppliers of imports of boards, blocks and similar articles of vegetable fibre, agglomerated with mineral binders to South Korea.

From 2012 to 2023, the biggest increases were recorded for Japan (with a CAGR of X%).

In value terms, China ($X) and Japan ($X) were the largest boards, blocks and similar articles of vegetable fibre, agglomerated with mineral binders suppliers to South Korea.

Among the main suppliers, Japan, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review.

Import Prices by Country

In 2023, the average import price for boards, blocks and similar articles of vegetable fibre, agglomerated with mineral binders amounted to $X per square meter, increasing by X% against the previous year. Overall, import price indicated a measured expansion from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, import price for boards, blocks and similar articles of vegetable fibre, agglomerated with mineral binders decreased by X% against 2021 indices. The pace of growth appeared the most rapid in 2020 an increase of X% against the previous year. The import price peaked at $X per square meter in 2021; however, from 2022 to 2023, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was China ($X per square meter), while the price for Japan stood at $X per square meter.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform