Republic of Korea - Yarn Of Synthetic Or Artificial Staple Fibers - Market Analysis, Forecast, Size, Trends and Insights
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View PricingSynthetic Yarn Price in South Korea - 2022
Contents:
- Synthetic Yarn Price in South Korea (CIF) - 2022
- Synthetic Yarn Price in South Korea (FOB) - 2022
- Synthetic Yarn Imports in South Korea
- Synthetic Yarn Exports in South Korea
Synthetic Yarn Price in South Korea (CIF) - 2022
The average synthetic yarn import price stood at $2,958 per ton in December 2022, almost unchanged from the previous month. Over the period under review, the import price recorded a slight decrease. The most prominent rate of growth was recorded in January 2022 when the average import price increased by 5.1% against the previous month. Over the period under review, average import prices attained the maximum at $3,752 per ton in May 2022; however, from June 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 China ($4,125 per ton), while the price for Thailand ($2,085 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 China (-0.3%), while the prices for the other major suppliers experienced a decline.
Synthetic Yarn Price in South Korea (FOB) - 2022
The average synthetic yarn export price stood at $10,541 per ton in December 2022, with a decrease of -2.4% against the previous month. In general, export price indicated a tangible increase from December 2021 to December 2022: its price increased at an average monthly rate of +4.1% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2022 figures, synthetic yarn export price increased by +10.8% against October 2022 indices. The most prominent rate of growth was recorded in February 2022 when the average export price increased by 56% against the previous month. The export price peaked at $11,652 per ton in September 2022; however, from October 2022 to December 2022, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was India ($28,220 per ton), while the average price for exports to Indonesia ($6,607 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 India (+15.5%), while the prices for the other major destinations experienced more modest paces of growth.
Synthetic Yarn Imports in South Korea
In 2022, the amount of yarn of synthetic or artificial staple fibers imported into South Korea shrank to 87K tons, falling by -11.5% on the previous year's figure. Overall, imports continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2021 when imports increased by 1.1%.
In value terms, synthetic yarn imports shrank modestly to $294M in 2022. In general, imports showed a slight setback. The most prominent rate of growth was recorded in 2021 when imports increased by 22% against the previous year.
| Import of Synthetic Yarn in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 116 | 82.7 | 101 | 98.6 | -5.3% |
| China | 85.5 | 71.2 | 93.5 | 92.1 | 2.5% |
| Vietnam | 70.4 | 55.6 | 69.0 | 76.6 | 2.9% |
| Thailand | 15.8 | 15.5 | 18.9 | 13.6 | -4.9% |
| India | 12.9 | 8.0 | 5.1 | 5.1 | -26.6% |
| Others | 10.5 | 7.6 | 7.4 | 7.7 | -9.8% |
| Total | 311 | 241 | 295 | 294 | -1.9% |
Top Suppliers of Synthetic Yarn to South Korea in 2022:
- Indonesia (33.4K tons)
- Vietnam (26.4K tons)
- China (20.4K tons)
- Thailand (4.9K tons)
- India (1.0K tons)
Synthetic Yarn Exports in South Korea
Synthetic yarn exports from South Korea dropped notably to 2.7K tons in 2022, waning by -39.9% against 2021. In general, exports saw a precipitous descent. The most prominent rate of growth was recorded in 2021 with an increase of 4.6%.
In value terms, synthetic yarn exports fell notably to $24M in 2022. Over the period under review, exports continue to indicate a abrupt decrease. The pace of growth was the most pronounced in 2021 when exports increased by 21% against the previous year.
| Export of Synthetic Yarn in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 7.9 | 8.9 | 9.2 | 7.0 | -4.0% |
| Vietnam | 13.0 | 5.8 | 6.1 | 5.6 | -24.5% |
| China | 2.5 | 1.4 | 2.2 | 3.3 | 9.7% |
| United Kingdom | 0.9 | 0.2 | 1.4 | 1.3 | 13.0% |
| India | N/A | 0.1 | 0.5 | 1.1 | 231.7% |
| Indonesia | 0.9 | 0.9 | 0.8 | 0.8 | -3.9% |
| Japan | 1.6 | 1.3 | 0.5 | 0.7 | -24.1% |
| Bangladesh | 0.4 | 0.1 | 0.7 | 0.5 | 7.7% |
| Mexico | 0.4 | 0.4 | 0.3 | 0.5 | 7.7% |
| Sri Lanka | 0.3 | 0.2 | 0.5 | 0.5 | 18.6% |
| Honduras | 4.2 | 0.4 | 1.7 | 0.4 | -54.3% |
| Hong Kong SAR | 3.9 | 0.7 | 0.6 | 0.1 | -70.5% |
| Turkey | 1.6 | N/A | N/A | N/A | 0% |
| Others | 5.3 | 2.7 | 3.4 | 2.0 | -27.7% |
| Total | 43.0 | 23.1 | 27.9 | 23.7 | -18.0% |
Top Export Markets for Synthetic Yarn from South Korea in 2022:
- Vietnam (781.4 tons)
- United States (729.3 tons)
- China (327.8 tons)
- Japan (136.0 tons)
- Indonesia (112.1 tons)
- Honduras (86.9 tons)
- India (78.2 tons)
- Sri Lanka (74.0 tons)
- United Kingdom (71.5 tons)
- Bangladesh (57.1 tons)
- Mexico (53.8 tons)
- Turkey (4.7 tons)
- Hong Kong SAR (4.7 tons)
This report provides an in-depth analysis of the synthetic yarn 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 13108210 - Yarn (other than sewing thread) containing . .85 % by weight of synthetic staple fibres, n.p.r.s.
- Prodcom 13108250 - Yarn (other than sewing thread) containing . .85 % by weight of synthetic staple fibres, p.r.s.
- Prodcom 13108320 - Yarn containing < .85 % by weight of polyester staple fibres (other than sewing thread), mixed with artificial fibres, n.p.r.s.
- Prodcom 13108340 - Yarn containing < .85 % by weight of synthetic staple fibres (other than sewing thread), mixed with cotton, n.p.r.s.
- Prodcom 13108380 - Other yarns, containing < .85 % by weight of synthetic staple fibres (other than sewing thread), n.p.r.s., n.e.c.
- Prodcom 13108390 - Yarn containing < .85 % by weight of synthetic staple fibres (other than sewing thread), p.r.s.
- Prodcom 131083Z0 - Yarn of synthetic staple fibres mixed with wool, n.p.r.s
- Prodcom 13108410 - Yarn (other than sewing thread) of artificial staple fibres, n .p.r.s.
- Prodcom 13108430 - Yarn (other than sewing thread) of artificial staple fibres, p.r.s.
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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This report provides an in-depth analysis of the synthetic yarn market in Republic of Korea.
1262
This report provides an in-depth analysis of the global synthetic yarn market.
490
This report provides an in-depth analysis of the synthetic yarn market in Republic of Korea.
1262
This report provides an in-depth analysis of the global synthetic yarn market.
71
Explore the top import markets for synthetic yarn based on data from IndexBox. Discover the key players and growth opportunities in the global synthetic yarn market.
689
In value terms, synthetic monofilament imports stood at $X in 2016. The total import value increased at an average annual rate of +X% from 2007 to 2016; however, the trend pattern remained consis...
1137
In value terms, synthetic monofilament exports stood at $X in 2016. The total export value increased at an average annual rate of +X% over the period from 2007 to 2016; however, the trend pattern...
1412
In 2016, the amount of synthetic yarn imported worldwide amounted to X tons, falling by -X% against the previous year level. Overall, synthetic yarn imports continue to indicate a relatively fl...
834
In 2016, the amount of synthetic yarn imported worldwide amounted to X tons, falling by -X% against the previous year level. Overall, synthetic yarn imports continue to indicate a relatively fl...
71
Explore the top import markets for synthetic yarn based on data from IndexBox. Discover the key players and growth opportunities in the global synthetic yarn market.
689
In value terms, synthetic monofilament imports stood at $X in 2016. The total import value increased at an average annual rate of +X% from 2007 to 2016; however, the trend pattern remained consis...
1137
In value terms, synthetic monofilament exports stood at $X in 2016. The total export value increased at an average annual rate of +X% over the period from 2007 to 2016; however, the trend pattern...
1412
In 2016, the amount of synthetic yarn imported worldwide amounted to X tons, falling by -X% against the previous year level. Overall, synthetic yarn imports continue to indicate a relatively fl...
834
In 2016, the amount of synthetic yarn imported worldwide amounted to X tons, falling by -X% against the previous year level. Overall, synthetic yarn imports continue to indicate a relatively fl...
