Price for Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Artificial Fibres in South Korea - 2022

Contents:

1. Price for Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Artificial Fibres in South Korea (CIF) - 2022
2. Imports of Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Artificial Fibres in South Korea

Price for Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Artificial Fibres in South Korea (CIF) - 2022

The average import price for fibres; waste (including noils, yarn waste and garnetted stock), of artificial fibreses stood at $328,000 per ton in 2022, with an increase of 154,485% against the previous year. Over the period under review, the import price enjoyed a significant expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

As there is only one major supplying country, the average price level is determined by prices for Germany.

From 2012 to 2022, the rate of growth in terms of prices for Germany amounted to +577.6% per year.

Imports of Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Artificial Fibres in South Korea

For the third year in a row, South Korea recorded decline in overseas purchases of fibres; waste (including noils, yarn waste and garnetted stock), of artificial fibreses, which decreased by -99.6% to 4 kg in 2022. In general, imports saw a sharp shrinkage. The smallest decline of -22.2% was in 2021.

In value terms, imports of fibres; waste (including noils, yarn waste and garnetted stock), of artificial fibreses soared to $1.3K in 2022. Over the period under review, imports showed a dramatic decrease.

Top Suppliers of Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Artificial Fibres to South Korea in 2022:

1. Germany (4.0 kg)

Source: IndexBox Market Intelligence Platform