Price for Textile Fabrics; Tyrecord of High Tenacity Yarn of Nylon or Other Polyamides in South Korea - 2022
Contents:
- Price for Textile Fabrics; Tyrecord of High Tenacity Yarn of Nylon or Other Polyamides in South Korea (CIF) - 2022
- Price for Textile Fabrics; Tyrecord of High Tenacity Yarn of Nylon or Other Polyamides in South Korea (FOB) - 2022
- Imports of Textile Fabrics; Tyrecord of High Tenacity Yarn of Nylon or Other Polyamides in South Korea
- Exports of Textile Fabrics; Tyrecord of High Tenacity Yarn of Nylon or Other Polyamides in South Korea
Price for Textile Fabrics; Tyrecord of High Tenacity Yarn of Nylon or Other Polyamides in South Korea (CIF) - 2022
The average import price for textile fabrics; tyrecord of high tenacity yarn of nylon or other polyamideses stood at $6,702 per ton in December 2022, remaining relatively unchanged against the previous month. In general, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in August 2022 when the average import price increased by 9.2% m-o-m. The import price peaked at $7,364 per ton in May 2022; however, from June 2022 to December 2022, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In December 2022, the country with the highest price was Indonesia ($7,518 per ton), while the price for China ($6,242 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 Indonesia (-0.2%), while the prices for the other major suppliers experienced a decline.
Price for Textile Fabrics; Tyrecord of High Tenacity Yarn of Nylon or Other Polyamides in South Korea (FOB) - 2022
The average export price for textile fabrics; tyrecord of high tenacity yarn of nylon or other polyamideses stood at $16,767 per ton in 2022, picking up by 52% against the previous year. Over the period under review, the export price saw a remarkable increase. The pace of growth was the most pronounced in 2021 when the average export price increased by 57% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in years to come.
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 the Czech Republic ($32,439 per ton), while the average price for exports to India ($3,351 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 Czech Republic (+39.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Textile Fabrics; Tyrecord of High Tenacity Yarn of Nylon or Other Polyamides in South Korea
For the fourth year in a row, South Korea recorded growth in overseas purchases of textile fabrics; tyrecord of high tenacity yarn of nylon or other polyamideses, which increased by 11% to 14K tons in 2022. The total import volume increased at an average annual rate of +7.0% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of textile fabrics; tyrecord of high tenacity yarn of nylon or other polyamideses soared to $101M in 2022. In general, imports continue to indicate a significant increase. The growth pace was the most rapid in 2021 with an increase of 48%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Textile Fabrics; Tyrecord of High Tenacity Yarn of Nylon or Other Polyamides in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 18.5 | 22.3 | 30.3 | 39.8 | 29.1% |
| China | 14.1 | 12.4 | 22.4 | 36.5 | 37.3% |
| Indonesia | 20.3 | 12.8 | 17.1 | 21.6 | 2.1% |
| Thailand | 0.1 | 0.1 | 1.8 | 1.8 | 162.1% |
| Taiwan (Chinese) | 4.5 | 2.2 | 2.1 | 0.9 | -41.5% |
| Others | 0.4 | 0.2 | 0.2 | N/A | -29.3% |
| Total | 57.7 | 50.0 | 73.9 | 101 | 20.5% |
Top Suppliers of Textile Fabrics; Tyrecord of High Tenacity Yarn of Nylon or Other Polyamides to South Korea in 2022:
- Vietnam (5.7K tons)
- China (5.3K tons)
- Indonesia (2.8K tons)
- Thailand (0.3K tons)
- Taiwan (Chinese) (0.1K tons)
Exports of Textile Fabrics; Tyrecord of High Tenacity Yarn of Nylon or Other Polyamides in South Korea
In 2022, exports of textile fabrics; tyrecord of high tenacity yarn of nylon or other polyamideses from South Korea declined significantly to 1.1K tons, reducing by -46.6% on the previous year's figure. Over the period under review, exports faced a precipitous contraction. The smallest decline of -20% was in 2020.
In value terms, exports of textile fabrics; tyrecord of high tenacity yarn of nylon or other polyamideses shrank remarkably to $18M in 2022. Overall, exports faced a abrupt setback. The growth pace was the most rapid in 2021 when exports increased by 1.7% against the previous year.
| Export of Textile Fabrics; Tyrecord of High Tenacity Yarn of Nylon or Other Polyamides in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1.2 | 2.4 | 3.5 | 4.7 | 57.6% |
| United States | 3.2 | 3.0 | 5.1 | 3.9 | 6.8% |
| Vietnam | 3.8 | 1.5 | 1.9 | 2.5 | -13.0% |
| Czech Republic | N/A | 0.2 | 0.3 | 1.6 | 182.8% |
| Brazil | N/A | 0.2 | N/A | 1.2 | 144.9% |
| Hungary | 9.8 | 7.4 | 2.2 | 0.8 | -56.6% |
| Belgium | N/A | N/A | N/A | 0.7 | 0% |
| Thailand | 4.3 | 3.7 | 4.1 | 0.7 | -45.4% |
| India | 0.3 | 0.2 | 0.1 | 0.2 | -12.6% |
| Japan | 1.0 | 0.6 | 0.6 | 0.2 | -41.5% |
| Others | 2.2 | 2.3 | 3.9 | 1.3 | -16.1% |
| Total | 25.8 | 21.3 | 21.7 | 17.6 | -12.0% |
Top Export Markets for Textile Fabrics; Tyrecord of High Tenacity Yarn of Nylon or Other Polyamides from South Korea in 2022:
- China (239.7 tons)
- Vietnam (168.8 tons)
- United States (165.7 tons)
- Hungary (80.9 tons)
- Belgium (62.9 tons)
- India (60.0 tons)
- Thailand (49.5 tons)
- Brazil (48.4 tons)
- Czech Republic (48.0 tons)
- Japan (22.6 tons)
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