Republic of Korea - Iron Or Steel Crown Corks - Market Analysis, Forecast, Size, Trends And Insights
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View PricingMetal Crown Cork Price in South Korea - 2022
Contents:
- Metal Crown Cork Price in South Korea (FOB) - 2022
- Metal Crown Cork Price in South Korea (CIF) - 2022
- Metal Crown Cork Exports in South Korea
- Metal Crown Cork Imports in South Korea
Metal Crown Cork Price in South Korea (FOB) - 2022
In 2022, the average metal crown cork export price amounted to $6.4 per thousand units, falling by -7.5% against the previous year. In general, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average export price increased by 16%. Over the period under review, the average export prices attained the maximum at $6.9 per thousand units in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.
Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was New Zealand ($6.7 per thousand units), while the average price for exports to Mongolia ($6 per thousand units) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+2.7%), while the prices for the other major destinations experienced a decline.
Metal Crown Cork Price in South Korea (CIF) - 2022
In 2022, the average metal crown cork import price amounted to $6.8 per thousand units, growing by 4.8% against the previous year. In general, the import price, however, saw a perceptible descent. The most prominent rate of growth was recorded in 2014 an increase of 76%. As a result, import price attained the peak level of $10 per thousand units. From 2015 to 2022, the average import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($15 per thousand units), while the price for China amounted to $5.4 per thousand units.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+50.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Metal Crown Cork Exports in South Korea
In 2022, the amount of iron or steel crown corks exported from South Korea expanded remarkably to 139M units, picking up by 12% on the year before. Over the period under review, total exports indicated a significant expansion from 2019 to 2022: its volume increased at an average annual rate of +21.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -9.9% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 101%. As a result, the exports reached the peak of 154M units. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, metal crown cork exports stood at $888K in 2022. Overall, total exports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +20.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -3.6% against 2020 indices. The pace of growth was the most pronounced in 2020 when exports increased by 81% against the previous year. As a result, the exports attained the peak of $921K. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
| Export of Metal Crown Cork in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 195 | 641 | 686 | 510 | 37.8% |
| Mongolia | 175 | 193 | 103 | 233 | 10.0% |
| Hong Kong SAR | 138 | 81.5 | 1.4 | 145 | 1.7% |
| Others | N/A | 4.8 | 63.7 | N/A | 1227.1% |
| Total | 509 | 921 | 854 | 888 | 20.4% |
Top Export Markets for Metal Crown Cork from South Korea in 2022:
- New Zealand (76.1M units)
- Mongolia (39.0M units)
- Hong Kong SAR (24.0M units)
Metal Crown Cork Imports in South Korea
In 2022, the amount of iron or steel crown corks imported into South Korea contracted remarkably to 2.9M units, declining by -32.6% against the previous year's figure. In general, imports, however, enjoyed a prominent expansion. The pace of growth was the most pronounced in 2021 with an increase of 187%. As a result, imports reached the peak of 4.3M units, and then declined significantly in the following year.
In value terms, metal crown cork imports reduced remarkably to $20K in 2022. Overall, imports, however, enjoyed buoyant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 143% against the previous year. As a result, imports reached the peak of $28K, and then reduced rapidly in the following year.
| Import of Metal Crown Cork in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 11.1 | 1.8 | 17.6 | 13.8 | 7.5% |
| Italy | 0.2 | 3.6 | 6.4 | 5.1 | 194.3% |
| Belgium | N/A | 1.3 | 1.8 | N/A | 38.5% |
| Taiwan (Chinese) | N/A | N/A | 1.6 | N/A | 0% |
| Others | 0.7 | 4.9 | 0.7 | 1.0 | 12.6% |
| Total | 11.9 | 11.6 | 28.2 | 19.9 | 18.7% |
Top Suppliers of Metal Crown Cork to South Korea in 2022:
- China (2556.9K units)
- Italy (334.5K units)
This report provides an in-depth analysis of the metal crown cork 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 25921330 - Iron or steel crown corks
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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