Republic of Korea - Porcelain Or China Tableware And Kitchenware - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Porcelain Tableware and Kitchenware in South Korea - 2022
Contents:
- Price for Porcelain Tableware and Kitchenware in South Korea (CIF) - 2022
- Price for Porcelain Tableware and Kitchenware in South Korea (FOB) - 2022
- Imports of Porcelain Tableware and Kitchenware in South Korea
- Exports of Porcelain Tableware and Kitchenware in South Korea
Price for Porcelain Tableware and Kitchenware in South Korea (CIF) - 2022
In December 2022, the average porcelain tableware and kitchenware import price amounted to $5,605 per ton, shrinking by -3.6% against the previous month. Overall, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in October 2022 an increase of 18% against the previous month. As a result, import price attained the peak level of $6,893 per ton. From November 2022 to December 2022, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In December 2022, the country with the highest price was Germany ($22,940 per ton), while the price for Vietnam ($822 per ton) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by Japan (+0.6%), while the prices for the other major suppliers experienced a decline.
Price for Porcelain Tableware and Kitchenware in South Korea (FOB) - 2022
In 2022, the average porcelain tableware and kitchenware export price amounted to $11,604 per ton, with an increase of 64% against the previous year. Over the period under review, the export price enjoyed a prominent increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Saudi Arabia ($24,966 per ton), while the average price for exports to Mongolia ($1,176 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 Saudi Arabia (+26.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Porcelain Tableware and Kitchenware in South Korea
In 2022, the amount of porcelain or china tableware and kitchenware imported into South Korea contracted to 23K tons, dropping by -6.7% on 2021 figures. Over the period under review, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 22% against the previous year. As a result, imports attained the peak of 25K tons, and then shrank in the following year.
In value terms, porcelain tableware and kitchenware imports contracted to $132M in 2022. The total import value increased at an average annual rate of +8.5% 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 when imports increased by 40%. As a result, imports reached the peak of $134M, and then reduced slightly in the following year.
| Import of Porcelain Tableware and Kitchenware in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 59.5 | 53.9 | 71.3 | 71.2 | 6.2% |
| Germany | 7.8 | 8.7 | 13.6 | 16.1 | 27.3% |
| Indonesia | 8.4 | 8.4 | 10.2 | 13.0 | 15.7% |
| Japan | 8.1 | 6.1 | 6.6 | 6.5 | -7.1% |
| Others | 19.6 | 18.7 | 32.3 | 25.2 | 8.7% |
| Total | 103 | 95.8 | 134 | 132 | 8.6% |
Top Suppliers of Porcelain Tableware and Kitchenware to South Korea in 2022:
- China (19.1K tons)
- Indonesia (1.0K tons)
- Japan (0.9K tons)
- Germany (0.6K tons)
Exports of Porcelain Tableware and Kitchenware in South Korea
Porcelain tableware and kitchenware exports from South Korea dropped dramatically to 869 tons in 2022, with a decrease of -33.6% on 2021 figures. In general, exports continue to indicate a abrupt descent. The pace of growth appeared the most rapid in 2021 when exports increased by 57% against the previous year.
In value terms, porcelain tableware and kitchenware exports rose remarkably to $10M in 2022. Over the period under review, exports recorded a deep reduction. The pace of growth appeared the most rapid in 2021 when exports increased by 46%.
| Export of Porcelain Tableware and Kitchenware in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Denmark | 2,195 | 1,359 | 4.2 | 5,303 | 34.2% |
| United States | 676 | 602 | 814 | 1,388 | 27.1% |
| China | 914 | 638 | 945 | 757 | -6.1% |
| Italy | 225 | 304 | 937 | 597 | 38.4% |
| Japan | 262 | 97.2 | 406 | 431 | 18.0% |
| Taiwan (Chinese) | 230 | 89.6 | 154 | 332 | 13.0% |
| Thailand | 14.9 | 16.9 | 96.7 | 124 | 102.6% |
| Vietnam | 48.0 | 17.3 | 22.9 | 85.5 | 21.2% |
| Philippines | 413 | 179 | 523 | 57.1 | -48.3% |
| Mongolia | 76.0 | 61.4 | 113 | 21.0 | -34.9% |
| Germany | 978 | 22.3 | 90.8 | 19.8 | -72.7% |
| Saudi Arabia | 1,423 | 92.8 | 6.5 | 2.9 | -87.3% |
| Cambodia | 98.1 | 76.3 | 124 | 0.7 | -80.7% |
| Others | 5,247 | 2,797 | 5,039 | 962 | -43.2% |
| Total | 12,800 | 6,352 | 9,276 | 10,082 | -7.6% |
Top Export Markets for Porcelain Tableware and Kitchenware from South Korea in 2022:
- United States (259.0 tons)
- Denmark (220.8 tons)
- China (158.2 tons)
- Japan (31.8 tons)
- Italy (24.9 tons)
- Thailand (23.1 tons)
- Taiwan (Chinese) (22.9 tons)
- Mongolia (17.8 tons)
- Vietnam (15.5 tons)
- Philippines (11.9 tons)
- Germany (2.6 tons)
- Cambodia (0.8 tons)
- Saudi Arabia (0.1 tons)
This report provides an in-depth analysis of the market for porcelain tableware and kitchenware 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 23411130 - Porcelain or china tableware and kitchenware (excluding electro-thermic apparatus, coffee or spice mills with metal working parts)
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
319
This report provides an in-depth analysis of the market for porcelain tableware and kitchenware in Republic of Korea.
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This report provides an in-depth analysis of the market for porcelain tableware and kitchenware in Republic of Korea.
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This report provides an in-depth analysis of the global market for porcelain tableware and kitchenware.
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