Republic of Korea - Moulded Rubber Articles - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPrice for Rubber-To-Metal and Moulded Article in South Korea - 2022
Contents:
- Price for Rubber-To-Metal and Moulded Article in South Korea (FOB) - 2022
- Price for Rubber-To-Metal and Moulded Article in South Korea (CIF) - 2022
- Exports of Rubber-To-Metal and Moulded Article in South Korea
- Imports of Rubber-To-Metal and Moulded Article in South Korea
Price for Rubber-To-Metal and Moulded Article in South Korea (FOB) - 2022
The average rubber-to-metal and moulded article export price stood at $13,225 per ton in December 2022, surging by 3.9% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.6%. The pace of growth appeared the most rapid in November 2022 an increase of 9.2% against the previous month. Over the period under review, the average export prices reached the peak figure in December 2022.
Prices varied noticeably by the country of destination: the country with the highest price was Vietnam ($23,915 per ton), while the average price for exports to Mexico ($7,659 per ton) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+3.6%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Rubber-To-Metal and Moulded Article in South Korea (CIF) - 2022
In 2022, the average rubber-to-metal and moulded article import price amounted to $8,058 per ton, shrinking by -4.3% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by 10% against the previous year. Over the period under review, average import prices reached the maximum at $10,315 per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for Myanmar.
From 2012 to 2022, the rate of growth in terms of prices for Germany amounted to +15.0% per year.
Exports of Rubber-To-Metal and Moulded Article in South Korea
In 2022, approx. 66K tons of rubber-to-metal and moulded articles were exported from South Korea; with an increase of 111% on the year before. Overall, exports recorded a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, rubber-to-metal and moulded article exports fell to $306M in 2022. Over the period under review, exports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by 23%. As a result, the exports attained the peak of $338M, and then dropped in the following year.
Export of Rubber-To-Metal and Moulded Article in South Korea (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Myanmar | 0.4 | 0.1 | 0.1 | 306 | 814.6% |
Russia | 12.0 | 10.8 | 8.7 | N/A | -14.9% |
Japan | 26.1 | 24.3 | 28.3 | N/A | 4.1% |
China | 73.2 | 72.8 | 81.2 | N/A | 5.3% |
United States | 45.7 | 32.0 | 40.1 | N/A | -6.3% |
India | 19.8 | 18.4 | 24.3 | N/A | 10.8% |
Mexico | 23.9 | 26.6 | 31.8 | N/A | 15.3% |
Others | 105 | 88.7 | 123 | N/A | 8.2% |
Total | 306 | 274 | 338 | 306 | 0.0% |
Top Export Markets for Rubber-To-Metal and Moulded Article from South Korea in 2022:
- Myanmar (66.3K tons)
Imports of Rubber-To-Metal and Moulded Article in South Korea
Rubber-to-metal and moulded article imports into South Korea reduced to 21K tons in 2022, falling by -4.4% compared with the previous year. In general, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by 9.3%. As a result, imports reached the peak of 22K tons, and then shrank modestly in the following year.
In value terms, rubber-to-metal and moulded article imports shrank to $166M in 2022. The total import value increased at an average annual rate of +2.9% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 21%. As a result, imports attained the peak of $182M, and then shrank in the following year.
Import of Rubber-To-Metal and Moulded Article in South Korea (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Myanmar | N/A | N/A | N/A | 166 | 0% |
Japan | 25.9 | 22.1 | 31.8 | N/A | 10.8% |
China | 39.3 | 40.2 | 47.6 | N/A | 10.1% |
Vietnam | 21.7 | 20.7 | 23.7 | N/A | 4.5% |
Taiwan (Chinese) | 2.3 | 2.3 | 3.0 | N/A | 14.2% |
Others | 63.4 | 65.6 | 75.7 | N/A | 9.3% |
Total | 153 | 151 | 182 | 166 | 2.8% |
Top Suppliers of Rubber-To-Metal and Moulded Article to South Korea in 2022:
- Myanmar (20.6K tons)
This report provides an in-depth analysis of the market for rubber-to-metal and moulded article 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 22197345 - Rubber-to-metal bonded articles for tractors and motor vehicles
- Prodcom 2297347 -
- Prodcom 22197349 - Rubber-to-metal bonded articles for other uses than for tractors and motor vehicles
- Prodcom 22197365 - Articles of vulcanised solid rubber other than for tractors and motor vehicles
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
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