Republic of Korea - Rubber Tubing Not Reinforced - Market Analysis, Forecast, Size, Trends And Insights
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View PricingNon-Reinforced Rubber Tubing Price in South Korea - 2022
Contents:
- Non-Reinforced Rubber Tubing Price in South Korea (FOB) - 2022
- Non-Reinforced Rubber Tubing Price in South Korea (CIF) - 2022
- Non-Reinforced Rubber Tubing Exports in South Korea
- Non-Reinforced Rubber Tubing Imports in South Korea
Non-Reinforced Rubber Tubing Price in South Korea (FOB) - 2022
In December 2022, the average non-reinforced rubber tubing export price amounted to $9,785 per ton, shrinking by -5.4% against the previous month. In general, the export price recorded a mild descent. The most prominent rate of growth was recorded in November 2022 an increase of 18% m-o-m. Over the period under review, the average export prices reached the peak figure at $11,974 per ton in December 2021; however, from January 2022 to December 2022, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Slovakia ($15,707 per ton), while the average price for exports to Japan ($4,866 per ton) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+4.1%), while the prices for the other major destinations experienced more modest paces of growth.
Non-Reinforced Rubber Tubing Price in South Korea (CIF) - 2022
In December 2022, the average non-reinforced rubber tubing import price amounted to $6,852 per ton, surging by 2.5% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.3%. The most prominent rate of growth was recorded in May 2022 when the average import price increased by 43% m-o-m. Over the period under review, average import prices attained the peak figure at $8,126 per ton in February 2022; however, from March 2022 to December 2022, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In December 2022, the country with the highest price was Japan ($32,077 per ton), while the price for China ($5,221 per ton) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by Japan (+3.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Non-Reinforced Rubber Tubing Exports in South Korea
In 2022, approx. 1.5K tons of rubber tubing not reinforced were exported from South Korea; reducing by -4.9% against the year before. Overall, exports recorded a perceptible reduction. The most prominent rate of growth was recorded in 2021 with an increase of 7.1% against the previous year.
In value terms, non-reinforced rubber tubing exports fell to $18M in 2022. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 9.3%. As a result, the exports reached the peak of $19M, and then contracted in the following year.
| Export of Non-Reinforced Rubber Tubing in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 3.4 | 3.9 | 3.6 | 3.3 | -1.0% |
| United Arab Emirates | 2.6 | 2.4 | 3.5 | 3.2 | 7.2% |
| United States | 2.7 | 1.9 | 1.8 | 1.9 | -11.1% |
| Vietnam | 1.4 | 1.3 | 1.7 | 1.5 | 2.3% |
| Mexico | 0.8 | 1.5 | 1.3 | 1.1 | 11.2% |
| Slovakia | 0.6 | 0.5 | 1.2 | 1.1 | 22.4% |
| Hungary | 1.4 | 1.0 | 0.8 | 1.0 | -10.6% |
| Czech Republic | 0.8 | 1.1 | 0.8 | 0.8 | 0.0% |
| Uzbekistan | 0.1 | N/A | 0.8 | 0.8 | 100.0% |
| India | 0.8 | 1.0 | 0.8 | 0.7 | -4.4% |
| Poland | 0.8 | 0.5 | 0.3 | 0.5 | -14.5% |
| Japan | 0.5 | 0.3 | 0.3 | 0.3 | -15.7% |
| Thailand | 0.3 | 0.4 | 0.2 | 0.3 | 0.0% |
| Others | 1.8 | 1.5 | 1.9 | 1.8 | 0.0% |
| Total | 18.2 | 17.4 | 19.0 | 18.2 | 0.0% |
Top Export Markets for Non-Reinforced Rubber Tubing from South Korea in 2022:
- China (260.1 tons)
- United Arab Emirates (218.0 tons)
- United States (214.7 tons)
- Vietnam (163.4 tons)
- Slovakia (93.2 tons)
- Czech Republic (69.5 tons)
- Poland (58.5 tons)
- India (57.5 tons)
- Hungary (55.0 tons)
- Mexico (53.9 tons)
- Uzbekistan (49.0 tons)
- Japan (43.9 tons)
- Thailand (39.3 tons)
Non-Reinforced Rubber Tubing Imports in South Korea
In 2022, after two years of decline, there was growth in overseas purchases of rubber tubing not reinforced, when their volume increased by 3.6% to 1.7K tons. Overall, imports, however, showed a slight contraction.
In value terms, non-reinforced rubber tubing imports contracted slightly to $11M in 2022. Over the period under review, imports, however, recorded a perceptible contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 3.4%.
| Import of Non-Reinforced Rubber Tubing in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 5.7 | 5.7 | 4.5 | 4.5 | -7.6% |
| Japan | 3.1 | 2.1 | 2.0 | 2.1 | -12.2% |
| Vietnam | 0.7 | 0.9 | 2.2 | 1.9 | 39.5% |
| India | 0.3 | 0.3 | 0.1 | 0.2 | -12.6% |
| Thailand | 0.1 | 0.1 | 0.2 | 0.2 | 26.0% |
| Others | 1.7 | 1.7 | 2.2 | 2.1 | 7.3% |
| Total | 11.7 | 10.8 | 11.1 | 10.9 | -2.3% |
Top Suppliers of Non-Reinforced Rubber Tubing to South Korea in 2022:
- China (1058.0 tons)
- Vietnam (352.2 tons)
- Japan (122.5 tons)
- Thailand (26.1 tons)
- India (25.3 tons)
This report provides an in-depth analysis of the non-reinforced rubber tubing 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 22193030 - Rubber tubing not reinforced
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
-
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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