Republic of Korea - Safety Glass - Market Analysis, Forecast, Size, Trends And Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingSafety Glass Price in South Korea - 2022
Contents:
- Safety Glass Price in South Korea (CIF) - 2022
- Safety Glass Price in South Korea (FOB) - 2022
- Safety Glass Imports in South Korea
- Safety Glass Exports in South Korea
Safety Glass Price in South Korea (CIF) - 2022
In December 2022, the average safety glass import price amounted to $8.2 per square meter, rising by 2.8% against the previous month. Over the period under review, the import price, however, saw a perceptible descent. The pace of growth appeared the most rapid in March 2022 an increase of 10% month-to-month. The import price peaked at $13.2 per square meter in April 2022; however, from May 2022 to December 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Malaysia ($24.7 per square meter), while the price for China stood at $7.5 per square meter.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+10.7%).
Safety Glass Price in South Korea (FOB) - 2022
In 2022, the average safety glass export price amounted to $186 per square meter, increasing by 5% against the previous year. Over the period under review, export price indicated a buoyant increase from 2012 to 2022: its price increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, safety glass export price increased by +109.9% against 2016 indices. The most prominent rate of growth was recorded in 2014 an increase of 31%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in years to come.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Vietnam ($1,150 per square meter), while the average price for exports to Thailand ($17 per square meter) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+12.6%), while the prices for the other major destinations experienced more modest paces of growth.
Safety Glass Imports in South Korea
In 2022, supplies from abroad of safety glass decreased by -6.7% to 21M square meters for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +11.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 25% against the previous year. As a result, imports attained the peak of 23M square meters, and then reduced in the following year.
In value terms, safety glass imports shrank to $401M in 2022. The total import value increased at an average annual rate of +7.1% 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 2021 with an increase of 19% against the previous year. As a result, imports attained the peak of $442M, and then dropped in the following year.
| Import of Safety Glass in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 274 | 316 | 398 | 362 | 9.7% |
| Malaysia | 7.7 | 18.8 | 8.4 | 7.1 | -2.7% |
| Others | 45.2 | 37.0 | 35.1 | 32.3 | -10.6% |
| Total | 327 | 372 | 442 | 401 | 7.0% |
Top Suppliers of Safety Glass to South Korea in 2022:
- China (20.9M square meters)
- Malaysia (0.3M square meters)
Safety Glass Exports in South Korea
In 2022, shipments abroad of safety glass decreased by -22.3% to 706K square meters, falling for the second consecutive year after two years of growth. Over the period under review, exports showed a deep setback. The most prominent rate of growth was recorded in 2020 with an increase of 9.9%. As a result, the exports reached the peak of 1.2M square meters. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, safety glass exports declined dramatically to $131M in 2022. The total export value increased at an average annual rate of +3.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 with an increase of 42% against the previous year. As a result, the exports attained the peak of $167M. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
| Export of Safety Glass in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 63.2 | 114 | 110 | 91.0 | 12.9% |
| China | 5.4 | 9.6 | 18.5 | 10.2 | 23.6% |
| United States | 9.1 | 7.2 | 6.2 | 9.5 | 1.4% |
| Mexico | 1.0 | 1.2 | 2.2 | 3.1 | 45.8% |
| Thailand | 3.7 | 3.7 | 2.5 | 1.9 | -19.9% |
| Japan | 6.3 | 5.4 | 2.6 | 1.8 | -34.1% |
| France | 0.8 | 0.6 | 0.7 | 1.4 | 20.5% |
| India | 8.6 | 6.1 | 2.3 | 0.4 | -64.0% |
| Brazil | 1.1 | 2.1 | 1.3 | 0.1 | -55.0% |
| Others | 18.0 | 16.6 | 14.6 | 12.0 | -12.6% |
| Total | 117 | 167 | 161 | 131 | 3.8% |
Top Export Markets for Safety Glass from South Korea in 2022:
- United States (244.1K square meters)
- Thailand (111.6K square meters)
- Vietnam (79.1K square meters)
- China (76.9K square meters)
- Mexico (64.7K square meters)
- Japan (17.9K square meters)
- France (16.3K square meters)
- India (4.7K square meters)
- Brazil (2.7K square meters)
This report provides an in-depth analysis of the safety glass market 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 23121210 - Toughened (tempered) safety glass, of size and shape suitable for incorporation in motor vehicles, aircraft, s pacecraft, vessels and other vehicles
- Prodcom 23121230 - Toughened (tempered) safety glass, n.e.c.
- Prodcom 23121250 - Laminated safety glass, of size and shape suitable for incorporation in motor vehicles, aircraft, spacecraft, vessels and other vehicles
- Prodcom 23121270 - Laminated safety glass, n.e.c.
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.
-
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
-
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
-
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
-
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
-
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
-
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
-
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
402
This report provides an in-depth analysis of the safety glass market in Republic of Korea.
363
This report provides an in-depth analysis of the market for safety glass, laminated, of size and shape suitable for incorporation in vehicles, aircraft, spacecraft or vessels in Republic of Korea.
262
This report provides an in-depth analysis of the market for safety glass, toughened (tempered), of size and shape suitable for incorporation in vehicles, aircraft, spacecraft or vessels in Republic of Korea.
1621
This report provides an in-depth analysis of the global safety glass market.
444
This report provides an in-depth analysis of the global market for safety glass, laminated, of size and shape suitable for incorporation in vehicles, aircraft, spacecraft or vessels.
381
This report provides an in-depth analysis of the global market for safety glass, toughened (tempered), of size and shape suitable for incorporation in vehicles, aircraft, spacecraft or vessels.
402
This report provides an in-depth analysis of the safety glass market in Republic of Korea.
363
This report provides an in-depth analysis of the market for safety glass, laminated, of size and shape suitable for incorporation in vehicles, aircraft, spacecraft or vessels in Republic of Korea.
262
This report provides an in-depth analysis of the market for safety glass, toughened (tempered), of size and shape suitable for incorporation in vehicles, aircraft, spacecraft or vessels in Republic of Korea.
1621
This report provides an in-depth analysis of the global safety glass market.
100
Discover the top import markets for safety glass worldwide, including key statistics and market analysis of countries such as Germany, United States, Vietnam, Belgium, and more.
725
China boosted safety glass supplies abroad nearly threefold in the past decade, from $1.3B to $3.0B, topping the global exporter ranking. With an average annual growth rate of +8.5% over the last decade, China emerges as the fastest-growing supplier. Germany held the leading position in global exports until 2010, but now, it remains the largest safety glass importer, along with the U.S. and Vietnam. In 2020, the global safety glass trade reduced by -6% y-o-y to 366M square meters, and China’s supplies accounted for 58% of that volume. In value terms, global trade fell to $9.5B last year, dropping by -10% y-o-y.
718
In 2016, the global imports of safety glass totaled X tons, approximately equating the previous year figure. The total import volume increased at an average annual rate of +X% over the period f...
710
In 2016, the global imports of safety glass totaled X tons, approximately equating the previous year figure. The total import volume increased at an average annual rate of +X% over the period f...
100
Discover the top import markets for safety glass worldwide, including key statistics and market analysis of countries such as Germany, United States, Vietnam, Belgium, and more.
725
China boosted safety glass supplies abroad nearly threefold in the past decade, from $1.3B to $3.0B, topping the global exporter ranking. With an average annual growth rate of +8.5% over the last decade, China emerges as the fastest-growing supplier. Germany held the leading position in global exports until 2010, but now, it remains the largest safety glass importer, along with the U.S. and Vietnam. In 2020, the global safety glass trade reduced by -6% y-o-y to 366M square meters, and China’s supplies accounted for 58% of that volume. In value terms, global trade fell to $9.5B last year, dropping by -10% y-o-y.
718
In 2016, the global imports of safety glass totaled X tons, approximately equating the previous year figure. The total import volume increased at an average annual rate of +X% over the period f...
710
In 2016, the global imports of safety glass totaled X tons, approximately equating the previous year figure. The total import volume increased at an average annual rate of +X% over the period f...
