Price for Cloths; Floor Cloths, Dish-Cloths, Dusters and Similar Cleaning Cloths in South Korea - 2022

Contents:

1. Price for Cloths; Floor Cloths, Dish-Cloths, Dusters and Similar Cleaning Cloths in South Korea (FOB) - 2022
2. Price for Cloths; Floor Cloths, Dish-Cloths, Dusters and Similar Cleaning Cloths in South Korea (CIF) - 2022
3. Exports of Cloths; Floor Cloths, Dish-Cloths, Dusters and Similar Cleaning Cloths in South Korea
4. Imports of Cloths; Floor Cloths, Dish-Cloths, Dusters and Similar Cleaning Cloths in South Korea

Price for Cloths; Floor Cloths, Dish-Cloths, Dusters and Similar Cleaning Cloths in South Korea (FOB) - 2022

In 2022, the average export price for cloths; floor cloths, dish-cloths, dusters and similar cleaning clothses amounted to $18,199 per ton, which is down by -13.8% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of 11% against the previous year. The export price peaked at $21,113 per ton in 2021, and then declined in the following year.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was France ($25,257 per ton), while the average price for exports to Turkey ($10,967 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 Vietnam (+9.1%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Cloths; Floor Cloths, Dish-Cloths, Dusters and Similar Cleaning Cloths in South Korea (CIF) - 2022

In 2022, the average import price for cloths; floor cloths, dish-cloths, dusters and similar cleaning clothses amounted to $6,721 per ton, dropping by -7.7% against the previous year. Over the period under review, import price indicated buoyant growth from 2012 to 2022: its price increased at an average annual rate of +6.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for cloths; floor cloths, dish-cloths, dusters and similar cleaning clothses increased by +94.1% against 2012 indices. The pace of growth appeared the most rapid in 2013 an increase of 19% against the previous year. The import price peaked at $7,283 per ton in 2021, and then contracted in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Vietnam ($13,577 per ton), while the price for China ($5,644 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+9.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Cloths; Floor Cloths, Dish-Cloths, Dusters and Similar Cleaning Cloths in South Korea

In 2022, shipments abroad of cloths; floor cloths, dish-cloths, dusters and similar cleaning clothses decreased by -21.3% to 3.1K tons for the first time since 2018, thus ending a three-year rising trend. The total export volume increased at an average annual rate of +1.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when exports increased by 23%. As a result, the exports reached the peak of 4K tons, and then shrank significantly in the following year.

In value terms, exports of cloths; floor cloths, dish-cloths, dusters and similar cleaning clothses fell remarkably to $57M in 2022. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 27% against the previous year. As a result, the exports attained the peak of $84M, and then declined sharply in the following year.

Top Export Markets for Cloths; Floor Cloths, Dish-Cloths, Dusters and Similar Cleaning Cloths from South Korea in 2022:

1. United States (603.4 tons)
2. Japan (430.3 tons)
3. Germany (418.9 tons)
4. Netherlands (156.7 tons)
5. France (154.0 tons)
6. China (139.2 tons)
7. Turkey (115.3 tons)
8. Italy (98.6 tons)
9. Russia (62.0 tons)
10. Vietnam (61.7 tons)
11. Sweden (57.2 tons)
12. United Kingdom (54.4 tons)
13. Thailand (52.8 tons)

Imports of Cloths; Floor Cloths, Dish-Cloths, Dusters and Similar Cleaning Cloths in South Korea

For the fourth year in a row, South Korea recorded growth in overseas purchases of cloths; floor cloths, dish-cloths, dusters and similar cleaning clothses, which increased by 2.4% to 6K tons in 2022. The total import volume increased at an average annual rate of +3.5% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 5.2% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are likely to see steady growth in years to come.

In value terms, imports of cloths; floor cloths, dish-cloths, dusters and similar cleaning clothses declined to $40M in 2022. The total import value increased at an average annual rate of +7.9% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 23%. As a result, imports reached the peak of $42M, and then reduced in the following year.

Top Suppliers of Cloths; Floor Cloths, Dish-Cloths, Dusters and Similar Cleaning Cloths to South Korea in 2022:

1. China (5.4K tons)
2. Vietnam (0.3K tons)
3. Germany (0.1K tons)

Source: IndexBox Market Intelligence Platform