Republic of Korea - Rigid Tubes, Pipes And Hoses Of Polymers Of Propylene - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Propylene Polymer Rigid Pipes in South Korea - 2022
Contents:
- Price for Propylene Polymer Rigid Pipes in South Korea (FOB) - 2022
- Price for Propylene Polymer Rigid Pipes in South Korea (CIF) - 2022
- Exports of Propylene Polymer Rigid Pipes in South Korea
- Imports of Propylene Polymer Rigid Pipes in South Korea
Price for Propylene Polymer Rigid Pipes in South Korea (FOB) - 2022
The average propylene polymer rigid pipes export price stood at $934 per ton in 2022, with a decrease of -24.4% against the previous year. Overall, the export price continues to indicate a deep contraction. The most prominent rate of growth was recorded in 2014 when the average export price increased by 10% against the previous year. As a result, the export price attained the peak level of $5,887 per ton. From 2015 to 2022, the average export prices remained at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($6,685 per ton), while the average price for exports to China ($174 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 the United States (+3.6%), while the prices for the other major destinations experienced a decline.
Price for Propylene Polymer Rigid Pipes in South Korea (CIF) - 2022
The average propylene polymer rigid pipes import price stood at $5,805 per ton in December 2022, growing by 5.8% against the previous month. Over the period from December 2021 to December 2022, it increased at an average monthly rate of +1.6%. The growth pace was the most rapid in November 2022 when the average import price increased by 8.7% month-to-month. The import price peaked in December 2022.
There were significant differences in the average prices amongst the major supplying countries. In December 2022, the country with the highest price was Germany ($7,800 per ton), while the price for Thailand ($3,516 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 Austria (+2.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Propylene Polymer Rigid Pipes in South Korea
In 2022, the amount of rigid tubes, pipes and hoses of polymers of propylene exported from South Korea surged to 20K tons, growing by 29% against the previous year's figure. The total export volume increased at an average annual rate of +6.6% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, propylene polymer rigid pipes exports reduced to $18M in 2022. The total export value increased at an average annual rate of +1.2% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2020 when exports increased by 7%. As a result, the exports reached the peak of $19M. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Propylene Polymer Rigid Pipes in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 5.2 | 6.2 | 7.8 | 7.4 | 12.5% |
| Japan | 8.2 | 8.2 | 7.7 | 6.5 | -7.5% |
| China | 2.2 | 2.1 | 1.8 | 2.2 | 0.0% |
| Vietnam | 0.7 | 0.6 | 0.6 | 1.1 | 16.3% |
| Others | 1.6 | 2.1 | 1.2 | 1.3 | -6.7% |
| Total | 17.9 | 19.1 | 19.0 | 18.5 | 1.1% |
Top Export Markets for Propylene Polymer Rigid Pipes from South Korea in 2022:
- China (12.8K tons)
- Vietnam (4.6K tons)
- United States (1.3K tons)
- Japan (1.0K tons)
Imports of Propylene Polymer Rigid Pipes in South Korea
In 2022, after two years of decline, there was growth in supplies from abroad of rigid tubes, pipes and hoses of polymers of propylene, when their volume increased by 4% to 2.9K tons. In general, imports recorded a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, propylene polymer rigid pipes imports surged to $15M in 2022. The total import value increased at an average annual rate of +11.9% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Propylene Polymer Rigid Pipes in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 7.6 | 8.0 | 7.5 | 8.9 | 5.4% |
| China | 0.7 | 0.6 | 2.3 | 2.8 | 58.7% |
| Austria | 0.7 | 0.9 | 1.3 | 1.5 | 28.9% |
| Germany | 0.8 | 0.3 | 0.3 | 0.9 | 4.0% |
| Others | 0.8 | 1.3 | 0.8 | 0.7 | -4.4% |
| Total | 10.5 | 11.1 | 12.2 | 14.8 | 12.1% |
Top Suppliers of Propylene Polymer Rigid Pipes to South Korea in 2022:
- Indonesia (1928.0 tons)
- China (492.2 tons)
- Austria (249.5 tons)
- Germany (142.8 tons)
This report provides an in-depth analysis of the market for propylene polymer rigid pipes 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 22212155 - Rigid tubes, pipes and hoses of polymers of propylene
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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