Republic of Korea - Glass Fiber Fabrics - Market Analysis, Forecast, Size, Trends and Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingGlass Fibre Fabrics Price in South Korea - 2021
Contents:
- Glass Fibre Fabrics Price in South Korea (CIF) - 2022
- Glass Fibre Fabrics Price in South Korea (FOB) - 2022
- Glass Fibre Fabrics Imports in South Korea
- Glass Fibre Fabrics Exports in South Korea
Glass Fibre Fabrics Price in South Korea (CIF) - 2022
The average glass fibre fabrics import price stood at $10,374 per ton in 2022, with a decrease of -6.3% against the previous year. Over the period under review, import price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, glass fibre fabrics import price increased by +50.9% against 2014 indices. The pace of growth appeared the most rapid in 2021 when the average import price increased by 15%. As a result, import price attained the peak level of $11,073 per ton, and then reduced in the following year.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($130,867 per ton), while the price for Vietnam ($2,614 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+11.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Glass Fibre Fabrics Price in South Korea (FOB) - 2022
In 2022, the average glass fibre fabrics export price amounted to $7,367 per ton, falling by -1.6% against the previous year. In general, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average export price increased by 16% against the previous year. Over the period under review, the average export prices attained the peak figure at $8,574 per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat 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 Taiwan (Chinese) ($14,583 per ton), while the average price for exports to the United Arab Emirates ($2,586 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 Singapore (+7.2%), while the prices for the other major destinations experienced more modest paces of growth.
Glass Fibre Fabrics Imports in South Korea
In 2022, purchases abroad of glass fibre fabrics decreased by -1.8% to 16K tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 3.8% against the previous year. As a result, imports reached the peak of 16K tons, and then fell modestly in the following year.
In value terms, glass fibre fabrics imports shrank to $161M in 2022. The total import value increased at an average annual rate of +5.7% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 19%. As a result, imports attained the peak of $175M, and then fell in the following year.
| Import of Glass Fibre Fabrics in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 58.8 | 70.0 | 89.7 | 79.8 | 10.7% |
| China | 28.8 | 32.1 | 39.8 | 36.3 | 8.0% |
| Taiwan (Chinese) | 28.7 | 23.2 | 21.6 | 21.5 | -9.2% |
| Vietnam | 1.5 | 2.3 | 2.8 | 2.5 | 18.6% |
| Others | 18.6 | 19.6 | 21.4 | 21.2 | 4.5% |
| Total | 136 | 147 | 175 | 161 | 5.8% |
Top Suppliers of Glass Fibre Fabrics to South Korea in 2022:
- China (11.4K tons)
- Taiwan (Chinese) (2.0K tons)
- Vietnam (1.0K tons)
- Japan (0.6K tons)
Glass Fibre Fabrics Exports in South Korea
Glass fibre fabrics exports from South Korea shrank to 3.9K tons in 2022, which is down by -7.2% on the previous year's figure. Over the period under review, exports recorded a slight reduction. The pace of growth appeared the most rapid in 2021 with an increase of 17%. As a result, the exports reached the peak of 4.2K tons, and then dropped in the following year.
In value terms, glass fibre fabrics exports dropped to $29M in 2022. The total export value increased at an average annual rate of +4.0% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The growth pace was the most rapid in 2021 when exports increased by 21% against the previous year. As a result, the exports attained the peak of $31M, and then reduced in the following year.
| Export of Glass Fibre Fabrics in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 7.2 | 7.7 | 8.8 | 7.9 | 3.1% |
| Japan | 4.3 | 4.5 | 5.3 | 4.7 | 3.0% |
| China | 1.9 | 4.0 | 3.8 | 3.3 | 20.2% |
| Taiwan (Chinese) | 0.7 | 1.0 | 1.8 | 1.6 | 31.7% |
| Vietnam | 0.5 | 1.0 | 1.4 | 1.2 | 33.9% |
| United Kingdom | 2.2 | 1.1 | 0.7 | 1.1 | -20.6% |
| Australia | 0.4 | 0.6 | 1.0 | 0.8 | 26.0% |
| Thailand | 0.5 | 0.6 | 1.0 | 0.8 | 17.0% |
| United Arab Emirates | 0.6 | 0.5 | 0.9 | 0.7 | 5.3% |
| India | 0.6 | 0.4 | 0.7 | 0.7 | 5.3% |
| Iran | 0.4 | 0.4 | 0.4 | 0.4 | 0.0% |
| New Zealand | 0.3 | 0.3 | 0.4 | 0.4 | 10.1% |
| Malaysia | 0.4 | 0.1 | N/A | 0.1 | -37.0% |
| Others | 5.6 | 3.9 | 5.2 | 5.1 | -3.1% |
| Total | 25.5 | 26.0 | 31.5 | 28.8 | 4.1% |
Top Export Markets for Glass Fibre Fabrics from South Korea in 2022:
- United States (1372.9 tons)
- Japan (434.7 tons)
- China (267.4 tons)
- United Arab Emirates (253.8 tons)
- United Kingdom (173.8 tons)
- Vietnam (144.3 tons)
- India (138.1 tons)
- Australia (116.2 tons)
- Taiwan (Chinese) (107.5 tons)
- Thailand (66.5 tons)
- Iran (63.4 tons)
- New Zealand (62.4 tons)
- Malaysia (50.5 tons)
This report provides an in-depth analysis of the glass fibre fabrics 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 13204600 - Woven fabrics of glass fibre (including narrow fabrics, glass wool)
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.
-
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
-
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
-
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
-
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
-
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
-
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
-
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
426
This report provides an in-depth analysis of the glass fibre fabrics market in Republic of Korea.
536
This report provides an in-depth analysis of the market for glass fibre filament, roving, and staple glass fibre article in Republic of Korea.
296
This report provides an in-depth analysis of the market for glass fibre chopped strand in Republic of Korea.
316
This report provides an in-depth analysis of the glass fibre mat market in Republic of Korea.
150
This report provides an in-depth analysis of the glass fibre filament market in Republic of Korea.
264
This report provides an in-depth analysis of the market for glass fibre and article in Republic of Korea.
328
This report provides an in-depth analysis of the staple glass fibre articles market in Republic of Korea.
361
This report provides an in-depth analysis of the glass fiber market in Republic of Korea.
260
This report provides an in-depth analysis of the market for glass fibre mats made of filaments in Republic of Korea.
226
This report provides an in-depth analysis of the market for glass fibre mats made of glass wool in Republic of Korea.
1030
Global sliver and roving imports totaled X tons in 2016, rising by X% against the previous year level. The total import volume increased at an average annual rate of +X% from 2007 to 2016- the ...
803
Global sliver and roving imports totaled X tons in 2016, rising by X% against the previous year level. The total import volume increased at an average annual rate of +X% from 2007 to 2016- the ...
782
2020 was a serious test for the glass fibre market. The fall in production was extreme in April 2020. Still, demand began to recover in the second half of the year thanks to a recovery in the composite consumer goods sector. Chinese glass fibres and glass fibre articles became more expensive in the strengthening of the yuan and, also, hit by the European Union's anti-dumping duties.
1024
In value terms, carded and combed artificial staple fibres imports amounted to $X in 2016. Overall, carded and combed artificial staple fibres imports continue to indicate a abrupt curtailment. Over...
1139
In value terms, carded and combed artificial staple fibres exports amounted to $X in 2016. Overall, carded and combed artificial staple fibres exports continue to indicate a deep decrease. Global ca...
1329
In value terms, cane and beet sugar and sucrose imports totaled $X in 2016. Overall, it indicated a perceptible growth from 2007 to 2016: the total imports value increased at an average annual rate ...
1698
In value terms, cane and beet sugar and sucrose exports totaled $X in 2016. Overall, it indicated a strong growth from 2007 to 2016: the total exports value increased at an average annual rate of +X>
1030
Global sliver and roving imports totaled X tons in 2016, rising by X% against the previous year level. The total import volume increased at an average annual rate of +X% from 2007 to 2016- the ...
803
Global sliver and roving imports totaled X tons in 2016, rising by X% against the previous year level. The total import volume increased at an average annual rate of +X% from 2007 to 2016- the ...
782
2020 was a serious test for the glass fibre market. The fall in production was extreme in April 2020. Still, demand began to recover in the second half of the year thanks to a recovery in the composite consumer goods sector. Chinese glass fibres and glass fibre articles became more expensive in the strengthening of the yuan and, also, hit by the European Union's anti-dumping duties.
