Price for Rubber; Vulcanised (Other than Hard Rubber), Gloves Other than Surgical Gloves in South Korea - 2022

Contents:

1. Price for Rubber; Vulcanised (Other than Hard Rubber), Gloves Other than Surgical Gloves in South Korea (CIF) - 2022
2. Price for Rubber; Vulcanised (Other than Hard Rubber), Gloves Other than Surgical Gloves in South Korea (FOB) - 2022
3. Imports of Rubber; Vulcanised (Other than Hard Rubber), Gloves Other than Surgical Gloves in South Korea
4. Exports of Rubber; Vulcanised (Other than Hard Rubber), Gloves Other than Surgical Gloves in South Korea

Price for Rubber; Vulcanised (Other than Hard Rubber), Gloves Other than Surgical Gloves in South Korea (CIF) - 2022

In 2022, the average import price for rubber; vulcanised (other than hard rubber), gloves other than surgical gloveses amounted to $9,039 per ton, waning by -18.5% against the previous year. In general, import price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of +3.2% 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 rubber; vulcanised (other than hard rubber), gloves other than surgical gloveses increased by +60.2% against 2016 indices. The most prominent rate of growth was recorded in 2021 an increase of 65%. As a result, import price reached the peak level of $11,094 per ton, and then contracted remarkably in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Malaysia ($11,259 per ton), while the price for Sri Lanka ($4,260 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+5.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Rubber; Vulcanised (Other than Hard Rubber), Gloves Other than Surgical Gloves in South Korea (FOB) - 2022

In 2022, the average export price for rubber; vulcanised (other than hard rubber), gloves other than surgical gloveses amounted to $10,836 per ton, leveling off at the previous year. In general, export price indicated mild growth from 2012 to 2022: its price increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for rubber; vulcanised (other than hard rubber), gloves other than surgical gloveses increased by +81.4% against 2017 indices. The most prominent rate of growth was recorded in 2020 when the average export price increased by 57%. Over the period under review, the average export prices reached the maximum at $10,932 per ton in 2021, and then declined slightly in the following year.

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 Macao SAR ($14,212 per ton), while the average price for exports to Mongolia ($4,819 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 Israel (+6.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Rubber; Vulcanised (Other than Hard Rubber), Gloves Other than Surgical Gloves in South Korea

In 2022, after three years of growth, there was decline in purchases abroad of rubber; vulcanised (other than hard rubber), gloves other than surgical gloveses, when their volume decreased by -4.8% to 25K tons. The total import volume increased at an average annual rate of +11.4% 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 2020 when imports increased by 32% against the previous year.

In value terms, imports of rubber; vulcanised (other than hard rubber), gloves other than surgical gloveses declined rapidly to $226M in 2022. In general, imports, however, recorded significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 81%. As a result, imports reached the peak of $292M, and then fell markedly in the following year.

Top Suppliers of Rubber; Vulcanised (Other than Hard Rubber), Gloves Other than Surgical Gloves to South Korea in 2022:

1. Malaysia (11.2K tons)
2. Vietnam (5.2K tons)
3. Thailand (4.5K tons)
4. China (1.9K tons)
5. Sri Lanka (1.3K tons)
6. Indonesia (0.9K tons)

Exports of Rubber; Vulcanised (Other than Hard Rubber), Gloves Other than Surgical Gloves in South Korea

In 2022, exports of rubber; vulcanised (other than hard rubber), gloves other than surgical gloveses from South Korea skyrocketed to 1.3K tons, growing by 22% compared with 2021 figures. Overall, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 146% against the previous year. As a result, the exports attained the peak of 1.6K tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of rubber; vulcanised (other than hard rubber), gloves other than surgical gloveses soared to $14M in 2022. Over the period under review, exports continue to indicate significant growth. The growth pace was the most rapid in 2020 with an increase of 288%. As a result, the exports attained the peak of $16M. From 2021 to 2022, the growth of the exports of failed to regain momentum.

Top Export Markets for Rubber; Vulcanised (Other than Hard Rubber), Gloves Other than Surgical Gloves from South Korea in 2022:

1. United States (419.9 tons)
2. Mongolia (147.0 tons)
3. Vietnam (108.5 tons)
4. Japan (67.1 tons)
5. Malaysia (60.7 tons)
6. China (55.5 tons)
7. Canada (46.5 tons)
8. Russia (38.0 tons)
9. Australia (32.3 tons)
10. New Zealand (30.5 tons)
11. Singapore (24.4 tons)
12. Macao SAR (23.5 tons)
13. Israel (23.2 tons)

Source: IndexBox Market Intelligence Platform