Report Update: May 1, 2024

Republic of Korea - Patent Leather, Patent Laminated Leather And Metallised Leather - Market Analysis, Forecast, Size, Trends And Insights

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Patent Leather Price in South Korea - 2022

Patent Leather Price in South Korea (FOB) - 2022

The average patent leather export price stood at $14.5 per square meter in December 2022, increasing by 5% against the previous month. In general, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in August 2022 when the average export price increased by 8.3% against the previous month. The export price peaked at $15.2 per square meter in October 2022; however, from November 2022 to December 2022, the export prices failed to regain momentum.

Average prices varied somewhat for the major export markets. In December 2022, the highest price was recorded for prices to China ($18.0 per square meter) and Indonesia ($16.1 per square meter), while the average price for exports to Cambodia ($13.1 per square meter) and Bangladesh ($13.9 per square meter) were amongst the lowest.

From December 2021 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bangladesh (+2.4%), while the prices for the other major destinations experienced more modest paces of growth.

Patent Leather Price in South Korea (CIF) - 2022

In December 2022, the average patent leather import price amounted to $22.3 per square meter, flattening at the previous month. In general, the import price, however, continues to indicate a mild reduction. The most prominent rate of growth was recorded in November 2022 an increase of 24% m-o-m. Over the period under review, average import prices reached the peak figure at $27.7 per square meter in December 2021; however, from January 2022 to December 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Turkey ($35.5 per square meter), while the price for Vietnam ($11.8 per square meter) was amongst the lowest.

From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by Cambodia (+0.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Patent Leather Exports in South Korea

In 2022, exports of patent leather, patent laminated leather and metallised leather from South Korea dropped to 2.5M square meters, shrinking by -10.6% compared with the previous year. In general, exports showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 when exports increased by 79% against the previous year. Over the period under review, the exports reached the maximum at 3M square meters in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, patent leather exports reduced dramatically to $30M in 2022. Over the period under review, exports showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 when exports increased by 79%. Over the period under review, the exports attained the maximum at $42M in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Export of Patent Leather in South Korea (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Vietnam	18.8	10.5	12.4	9.1	-21.5%
China	1.9	1.3	1.3	7.8	60.1%
Indonesia	7.0	3.1	8.1	5.6	-7.2%
Hong Kong SAR	4.4	2.7	5.3	3.4	-8.2%
Cambodia	1.8	1.0	3.3	2.3	8.5%
Bangladesh	0.2	0.7	1.6	1.1	76.5%
Philippines	5.0	0.8	1.6	0.2	-65.8%
Myanmar	1.3	0.6	0.3	N/A	-52.0%
Others	2.0	1.1	5.0	0.8	-26.3%
Total	42.3	21.8	39.0	30.4	-10.4%

Top Export Markets for Patent Leather from South Korea in 2022:

Vietnam (735.5K square meters)
China (516.0K square meters)
Indonesia (509.1K square meters)
Hong Kong SAR (308.0K square meters)
Cambodia (219.5K square meters)
Bangladesh (105.3K square meters)
Philippines (13.8K square meters)
Myanmar (2.8K square meters)

Patent Leather Imports in South Korea

In 2022, imports of patent leather, patent laminated leather and metallised leather into South Korea shrank modestly to 153K square meters, waning by -4% against the previous year. In general, imports recorded a deep reduction. The growth pace was the most rapid in 2021 when imports increased by 8.2% against the previous year. Imports peaked at 204K square meters in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, patent leather imports reduced to $3.2M in 2022. Over the period under review, imports saw a abrupt decrease. The pace of growth was the most pronounced in 2021 when imports increased by 12%. Imports peaked at $4.3M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Import of Patent Leather in South Korea (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Italy	1,611	1,162	1,256	1,477	-2.9%
India	253	42.0	78.5	90.9	-28.9%
Vietnam	84.1	37.8	64.0	58.9	-11.2%
Tunisia	28.7	19.8	14.1	19.4	-12.2%
Others	2,330	1,760	1,967	1,555	-12.6%
Total	4,307	3,022	3,380	3,201	-9.4%

Top Suppliers of Patent Leather to South Korea in 2022:

Italy (71.6K square meters)
Vietnam (2.9K square meters)
India (2.7K square meters)
Tunisia (1.6K square meters)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the patent leather 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 15112200 - Patent leather, patent laminated leather and metallised leather

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
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. 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
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. 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
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. 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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. 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
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. 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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023