Republic of Korea - Statuettes And Other Ornamental Articles Of Plastic - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPlastic Ornamental Articles Price in South Korea - 2022
Contents:
- Plastic Ornamental Articles Price in South Korea (CIF) - 2022
- Plastic Ornamental Articles Price in South Korea (FOB) - 2022
- Plastic Ornamental Articles Imports in South Korea
- Plastic Ornamental Articles Exports in South Korea
Plastic Ornamental Articles Price in South Korea (CIF) - 2022
In December 2022, the average plastic ornamental articles import price amounted to $12,144 per ton, waning by -6.7% against the previous month. Over the period from December 2021 to December 2022, it increased at an average monthly rate of +1.4%. The pace of growth was the most pronounced in June 2022 an increase of 37% month-to-month. As a result, import price attained the peak level of $15,168 per ton. From July 2022 to December 2022, the average import prices remained at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for China.
From December 2021 to December 2022, the rate of growth in terms of prices for China amounted to +1.3% per month.
Plastic Ornamental Articles Price in South Korea (FOB) - 2022
The average plastic ornamental articles export price stood at $12,096 per ton in 2022, picking up by 13% against the previous year. Over the period under review, the export price, however, recorded a deep setback. Over the period under review, the average export prices hit record highs at $27,348 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was China ($48,985 per ton), while the average price for exports to India ($4,429 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 China (+12.7%), while the prices for the other major destinations experienced more modest paces of growth.
Plastic Ornamental Articles Imports in South Korea
In 2022, approx. 1.9K tons of statuettes and other ornamental articles of plastic were imported into South Korea; picking up by 7.4% compared with the previous year. Overall, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 21% against the previous year.
In value terms, plastic ornamental articles imports stood at $23M in 2022. The total import value increased at an average annual rate of +3.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 31% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in years to come.
| Import of Plastic Ornamental Articles in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 18.4 | 13.9 | 18.0 | 20.3 | 3.3% |
| Others | 2.6 | 1.9 | 2.8 | 3.1 | 6.0% |
| Total | 21.0 | 15.8 | 20.8 | 23.4 | 3.7% |
Top Suppliers of Plastic Ornamental Articles to South Korea in 2022:
- China (1817.6 tons)
Plastic Ornamental Articles Exports in South Korea
In 2022, approx. 958 tons of statuettes and other ornamental articles of plastic were exported from South Korea; shrinking by -4.2% on the previous year's figure. Over the period under review, total exports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +7.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +57.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 64% against the previous year. As a result, the exports reached the peak of 1K tons, and then contracted slightly in the following year.
In value terms, plastic ornamental articles exports rose rapidly to $12M in 2022. Overall, total exports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +5.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +59.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 48%. Over the period under review, the exports attained the maximum in 2022 and are likely to see steady growth in the near future.
| Export of Plastic Ornamental Articles in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 2.1 | 1.8 | 3.6 | 3.2 | 15.1% |
| Japan | 1.6 | 1.8 | 2.0 | 2.2 | 11.2% |
| United States | 0.8 | 0.8 | 1.5 | 1.6 | 26.0% |
| France | 0.5 | 0.4 | 0.4 | 0.6 | 6.3% |
| China | 3.5 | 0.7 | 0.4 | 0.6 | -44.4% |
| Others | 1.4 | 1.8 | 2.8 | 3.4 | 34.4% |
| Total | 10.0 | 7.3 | 10.7 | 11.6 | 5.1% |
Top Export Markets for Plastic Ornamental Articles from South Korea in 2022:
- India (733.0 tons)
- Japan (75.0 tons)
- United States (32.1 tons)
- France (27.8 tons)
- China (12.0 tons)
This report provides an in-depth analysis of the plastic ornamental articles 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 22292620 - Statuettes and other ornamental articles of plastic (including photograph, picture and similar frames)
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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