Price for Tents of Synthetic Fibres in South Korea - 2022
Contents:
- Price for Tents of Synthetic Fibres in South Korea (CIF) - 2022
- Price for Tents of Synthetic Fibres in South Korea (FOB) - 2022
- Imports of Tents of Synthetic Fibres in South Korea
- Exports of Tents of Synthetic Fibres in South Korea
Price for Tents of Synthetic Fibres in South Korea (CIF) - 2022
In 2022, the average tents of synthetic fibres import price amounted to $11,995 per ton, picking up by 16% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +4.1%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Vietnam ($15,517 per ton), while the price for Bangladesh ($9,029 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+9.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Tents of Synthetic Fibres in South Korea (FOB) - 2022
The average tents of synthetic fibres export price stood at $23,097 per ton in 2022, rising by 6.3% against the previous year. Over the period under review, the export price enjoyed a remarkable increase. The pace of growth appeared the most rapid in 2016 an increase of 66% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in the near future.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was China ($33,480 per ton), while the average price for exports to the Philippines ($10,211 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 Philippines (+15.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Tents of Synthetic Fibres in South Korea
After three years of growth, purchases abroad of tents of synthetic fibreses decreased by -15.4% to 13K tons in 2022. Over the period under review, imports, however, saw a significant increase. The pace of growth was the most pronounced in 2020 when imports increased by 95%.
In value terms, tents of synthetic fibres imports shrank modestly to $155M in 2022. In general, imports, however, posted a significant increase. The pace of growth appeared the most rapid in 2020 when imports increased by 113%.
| Import of Tents of Synthetic Fibres in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 29.1 | 59.3 | 93.4 | 95.1 | 48.4% |
| Vietnam | 6.1 | 15.9 | 29.2 | 32.7 | 75.0% |
| Bangladesh | 6.8 | 17.3 | 31.5 | 23.3 | 50.8% |
| Others | 3.2 | 3.7 | 4.2 | 3.5 | 3.0% |
| Total | 45.1 | 96.2 | 158 | 155 | 50.9% |
Top Suppliers of Tents of Synthetic Fibres to South Korea in 2022:
- China (8.1K tons)
- Bangladesh (2.6K tons)
- Vietnam (2.1K tons)
Exports of Tents of Synthetic Fibres in South Korea
Tents of synthetic fibres exports from South Korea surged to 1.2K tons in 2022, picking up by 63% against 2021 figures. Overall, exports enjoyed a significant increase. The pace of growth appeared the most rapid in 2021 when exports increased by 350%. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in years to come.
In value terms, tents of synthetic fibres exports surged to $28M in 2022. Over the period under review, exports showed significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 471% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the near future.
| Export of Tents of Synthetic Fibres in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 0.3 | 0.9 | 5.8 | 11.1 | 233.2% |
| Germany | N/A | N/A | 4.1 | 5.3 | 29.3% |
| Japan | 2.3 | 1.3 | 2.3 | 2.7 | 5.5% |
| Australia | N/A | N/A | 0.5 | 1.4 | 180.0% |
| China | 0.2 | 0.2 | 0.3 | 1.1 | 76.5% |
| France | N/A | N/A | 0.3 | 0.8 | 166.7% |
| Canada | N/A | N/A | 1.1 | 0.6 | -45.5% |
| Taiwan (Chinese) | 0.1 | N/A | 0.2 | 0.4 | 58.7% |
| Poland | N/A | N/A | 0.2 | 0.4 | 100.0% |
| Philippines | N/A | N/A | N/A | 0.3 | 0% |
| Vietnam | N/A | N/A | 0.1 | 0.3 | 200.0% |
| Others | 0.2 | 0.3 | 1.3 | 3.3 | 154.6% |
| Total | 3.2 | 2.8 | 16.0 | 27.7 | 105.3% |
Top Export Markets for Tents of Synthetic Fibres from South Korea in 2022:
- United States (465.8 tons)
- Germany (228.1 tons)
- Japan (115.5 tons)
- Australia (55.6 tons)
- France (34.4 tons)
- China (33.3 tons)
- Philippines (25.1 tons)
- Canada (24.9 tons)
- Vietnam (24.7 tons)
- Poland (20.3 tons)
- Taiwan (Chinese) (19.3 tons)
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