Price for Woven Fabrics of Artificial Staple Fibres in South Korea - 2022
Contents:
- Price for Woven Fabrics of Artificial Staple Fibres in South Korea (FOB) - 2022
- Price for Woven Fabrics of Artificial Staple Fibres in South Korea (CIF) - 2022
- Exports of Woven Fabrics of Artificial Staple Fibres in South Korea
- Imports of Woven Fabrics of Artificial Staple Fibres in South Korea
Price for Woven Fabrics of Artificial Staple Fibres in South Korea (FOB) - 2022
The average export price for woven fabrics of artificial staple fibres stood at $3.0 per square meter in December 2022, dropping by -2.9% against the previous month. Over the period under review, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in August 2022 when the average export price increased by 15% month-to-month. The export price peaked at $3.2 per square meter in February 2022; however, from March 2022 to December 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Hong Kong SAR ($4.7 per square meter), while the average price for exports to Turkey ($2.3 per square meter) 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 Indonesia (+3.1%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Woven Fabrics of Artificial Staple Fibres in South Korea (CIF) - 2022
In December 2022, the average import price for woven fabrics of artificial staple fibres amounted to $1.3 per square meter, waning by -2.8% against the previous month. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in October 2022 when the average import price increased by 15% against the previous month. Over the period under review, average import prices reached the peak figure at $1.6 per square meter in June 2022; however, from July 2022 to December 2022, import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In December 2022, the country with the highest price was India ($1.2 per square meter), while the price for China stood at $1.1 per square meter.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by India (+0.9%).
Exports of Woven Fabrics of Artificial Staple Fibres in South Korea
In 2022, the amount of woven fabrics of artificial staple fibres exported from South Korea shrank dramatically to 4.1M square meters, falling by -22.4% against the previous year's figure. Overall, exports continue to indicate a noticeable slump. The pace of growth appeared the most rapid in 2021 when exports increased by 81%. As a result, the exports attained the peak of 5.3M square meters, and then shrank significantly in the following year.
In value terms, exports of woven fabrics of artificial staple fibres shrank rapidly to $57M in 2022. In general, exports saw a abrupt contraction. The pace of growth was the most pronounced in 2021 with an increase of 74% against the previous year. As a result, the exports reached the peak of $73M, and then dropped rapidly in the following year.
| Export of Woven Fabrics of Artificial Staple Fibres in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 15.3 | 11.4 | 20.4 | 14.7 | -1.3% |
| China | 9.7 | 5.6 | 9.9 | 8.1 | -5.8% |
| Indonesia | 12.7 | 3.5 | 7.2 | 7.7 | -15.4% |
| Japan | 5.1 | 3.6 | 5.5 | 4.7 | -2.7% |
| United States | 3.2 | 1.7 | 4.0 | 4.4 | 11.2% |
| Lao People's Democratic Republic | 2.1 | 2.1 | 3.5 | 2.4 | 4.6% |
| Bangladesh | 2.2 | 0.8 | 1.5 | 1.5 | -12.0% |
| Turkey | 3.0 | 1.0 | 1.2 | 1.4 | -22.4% |
| Nicaragua | 1.5 | 0.8 | 2.1 | 1.4 | -2.3% |
| Hong Kong SAR | 2.6 | 1.3 | 2.4 | 1.1 | -24.9% |
| United Arab Emirates | 0.2 | 2.0 | 0.6 | 1.0 | 71.0% |
| Spain | 2.3 | 0.8 | 2.4 | 0.5 | -39.9% |
| Myanmar | 1.9 | 1.4 | 0.6 | 0.1 | -62.5% |
| Others | 10.3 | 5.9 | 11.5 | 8.4 | -6.6% |
| Total | 71.9 | 41.9 | 72.9 | 57.4 | -7.2% |
Top Export Markets for Woven Fabrics of Artificial Staple Fibres from South Korea in 2022:
- Vietnam (1080.4K square meters)
- Indonesia (611.2K square meters)
- China (525.2K square meters)
- United States (379.1K square meters)
- Lao People's Democratic Republic (202.4K square meters)
- Japan (191.5K square meters)
- Turkey (121.7K square meters)
- Bangladesh (93.2K square meters)
- Nicaragua (79.9K square meters)
- United Arab Emirates (73.8K square meters)
- Hong Kong SAR (52.5K square meters)
- Spain (35.2K square meters)
- Myanmar (8.1K square meters)
Imports of Woven Fabrics of Artificial Staple Fibres in South Korea
In 2022, approx. 5.8M square meters of woven fabrics of artificial staple fibres were imported into South Korea; with a decrease of -2.4% on the previous year's figure. In general, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 5.1% against the previous year. As a result, imports reached the peak of 5.9M square meters, and then declined modestly in the following year.
In value terms, imports of woven fabrics of artificial staple fibres shrank to $46M in 2022. The total import value increased at an average annual rate of +2.6% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 17%. As a result, imports reached the peak of $50M, and then contracted in the following year.
| Import of Woven Fabrics of Artificial Staple Fibres in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 20.6 | 19.8 | 24.2 | 23.8 | 4.9% |
| India | 15.6 | 16.9 | 18.0 | 17.7 | 4.3% |
| Others | 6.3 | 5.4 | 7.4 | 4.3 | -12.0% |
| Total | 42.5 | 42.2 | 49.6 | 45.9 | 2.6% |
Top Suppliers of Woven Fabrics of Artificial Staple Fibres to South Korea in 2022:
- China (2.9M square meters)
- India (2.7M square meters)
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