Republic of Korea - Gypsum Plasters - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPlaster Price in South Korea - 2022
Contents:
- Plaster Price in South Korea (CIF) - 2022
- Plaster Price in South Korea (FOB) - 2022
- Plaster Imports in South Korea
- Plaster Exports in South Korea
Plaster Price in South Korea (CIF) - 2022
In 2022, the average plaster import price amounted to $31 per ton, waning by -10.9% against the previous year. In general, the import price faced a abrupt downturn. The pace of growth was the most pronounced in 2018 an increase of 27%. The import price peaked at $193 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($68 per ton), while the price for Thailand ($9.9 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (-13.1%), while the prices for the other major suppliers experienced a decline.
Plaster Price in South Korea (FOB) - 2022
The average plaster export price stood at $598 per ton in December 2022, surging by 3.7% against the previous month. Over the period under review, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in July 2022 when the average export price increased by 9.7% against the previous month. Over the period under review, the average export prices reached the peak figure at $677 per ton in August 2022; however, from September 2022 to December 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In December 2022, the country with the highest price was Chile ($845 per ton), while the average price for exports to China ($467 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 Vietnam (+2.3%), while the prices for the other major destinations experienced more modest paces of growth.
Plaster Imports in South Korea
In 2022, plaster imports into South Korea soared to 776K tons, with an increase of 33% on the year before. Over the period under review, imports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 160% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
In value terms, plaster imports skyrocketed to $24M in 2022. Overall, imports enjoyed a significant expansion. The growth pace was the most rapid in 2021 with an increase of 137% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the near future.
| Import of Plaster in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 7.0 | 6.7 | 18.4 | 21.7 | 45.8% |
| Japan | 1.3 | 1.0 | 1.2 | 1.4 | 2.5% |
| Thailand | 0.6 | 0.4 | 0.4 | 0.6 | 0.0% |
| Others | 0.4 | 0.4 | 0.3 | 0.3 | -9.1% |
| Total | 9.2 | 8.6 | 20.3 | 24.0 | 37.7% |
Top Suppliers of Plaster to South Korea in 2022:
- China (693.9K tons)
- Thailand (57.5K tons)
- Japan (20.7K tons)
Plaster Exports in South Korea
Plaster exports from South Korea expanded to 7.8K tons in 2022, rising by 4.1% compared with the year before. In general, exports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by 18%.
In value terms, plaster exports reduced modestly to $4.6M in 2022. Overall, exports, however, showed a noticeable slump. The growth pace was the most rapid in 2021 when exports increased by 25%.
| Export of Plaster in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 1,161 | 420 | 833 | 869 | -9.2% |
| Vietnam | 502 | 500 | 439 | 741 | 13.9% |
| China | 467 | 512 | 646 | 639 | 11.0% |
| Japan | 1,215 | 1,107 | 1,224 | 568 | -22.4% |
| Bangladesh | 572 | 528 | 404 | 560 | -0.7% |
| Brazil | 160 | 64.7 | 195 | 221 | 11.4% |
| Australia | 71.2 | 83.6 | 80.8 | 96.3 | 10.6% |
| Sri Lanka | 36.6 | 23.4 | 32.0 | 70.7 | 24.5% |
| Others | 727 | 535 | 883 | 858 | 5.7% |
| Total | 4,912 | 3,775 | 4,737 | 4,623 | -2.0% |
Top Export Markets for Plaster from South Korea in 2022:
- Indonesia (1767.6 tons)
- Bangladesh (1279.4 tons)
- China (1232.5 tons)
- Japan (1068.1 tons)
- Vietnam (1005.4 tons)
- Brazil (180.0 tons)
- Sri Lanka (165.8 tons)
- Australia (160.0 tons)
This report provides an in-depth analysis of the plaster 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 23522000 - Plasters consisting of calcined gypsum or calcium sulphate (including for use in building, for use in dressing woven fabrics or surfacing paper, for use in dentistry)
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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Global gypsum imports totaled X tons in 2016, stabilizing at the previous year figure. In general, gypsum imports continue to indicate a slight curtailment. The pace of growth appeared the most ra...
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720
Global gypsum and anhydrite imports fell from $991M in 2019 to $901M in 2020. The U.S., India, Japan, Indonesia and the UK constitute the largest importers of gypsum and anhydride worldwide. In 2020, these five countries saw significant drops in import volume. China, the Netherlands and Sweden were among the few countries that managed to increase their imports. In 2020, the average gypsum and anhydrite import price grew by +6% against the previous year.
