Republic of Korea - Wadding Of Textile Materials And Articles Thereof - Market Analysis, Forecast, Size, Trends and Insights
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View PricingTextile Wadding Price in South Korea - 2022
Contents:
- Textile Wadding Price in South Korea (FOB) - 2022
- Textile Wadding Price in South Korea (CIF) - 2022
- Textile Wadding Exports in South Korea
- Textile Wadding Imports in South Korea
Textile Wadding Price in South Korea (FOB) - 2022
In December 2022, the average textile wadding export price amounted to $14,551 per ton, increasing by 3.1% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.8%. The most prominent rate of growth was recorded in January 2022 when the average export price increased by 35% month-to-month. As a result, the export price reached the peak level of $15,920 per ton. From February 2022 to December 2022, the the average export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In December 2022, the country with the highest price was Russia ($32,718 per ton), while the average price for exports to China ($5,662 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 the United States (+6.6%), while the prices for the other major destinations experienced more modest paces of growth.
Textile Wadding Price in South Korea (CIF) - 2022
The average textile wadding import price stood at $6,790 per ton in 2022, reducing by -10.8% against the previous year. Overall, the import price recorded a pronounced contraction. The pace of growth was the most pronounced in 2018 an increase of 57%. Over the period under review, average import prices hit record highs at $10,675 per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.
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 Lithuania ($19,914 per ton), while the price for Canada ($1,786 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+7.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Textile Wadding Exports in South Korea
In 2022, after three years of growth, there was significant decline in shipments abroad of wadding of textile materials and articles thereof, when their volume decreased by -8.9% to 16K tons. Overall, total exports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +12.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +41.4% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of 28% against the previous year.
In value terms, textile wadding exports dropped to $160M in 2022. The total export value increased at an average annual rate of +5.8% from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 13% against the previous year. As a result, the exports attained the peak of $169M, and then contracted in the following year.
| Export of Textile Wadding in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Myanmar | 0.7 | 0.3 | 0.1 | 160 | 511.4% |
| Russia | 20.6 | 28.0 | 19.3 | N/A | -3.2% |
| China | 19.6 | 17.7 | 20.3 | N/A | 1.8% |
| Vietnam | 10.3 | 10.0 | 17.3 | N/A | 29.6% |
| India | 7.0 | 5.9 | 5.7 | N/A | -9.8% |
| Indonesia | 19.0 | 12.7 | 15.8 | N/A | -8.8% |
| Philippines | 5.3 | 3.9 | 3.9 | N/A | -14.2% |
| United Arab Emirates | 11.2 | 16.9 | 15.2 | N/A | 16.5% |
| Singapore | 4.0 | 6.2 | 6.9 | N/A | 31.3% |
| Taiwan (Chinese) | 4.6 | 5.7 | 6.5 | N/A | 18.9% |
| Others | 32.2 | 42.6 | 58.3 | N/A | 34.6% |
| Total | 135 | 150 | 169 | 160 | 5.8% |
Top Export Markets for Textile Wadding from South Korea in 2022:
- Myanmar (16.4K tons)
Textile Wadding Imports in South Korea
In 2022, approx. 12K tons of wadding of textile materials and articles thereof were imported into South Korea; falling by -14.8% on 2021. The total import volume increased at an average annual rate of +6.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 42%. As a result, imports reached the peak of 15K tons, and then contracted in the following year.
In value terms, textile wadding imports shrank remarkably to $85M in 2022. In general, imports, however, recorded a remarkable increase. The pace of growth appeared the most rapid in 2021 with an increase of 93% against the previous year. As a result, imports reached the peak of $111M, and then dropped rapidly in the following year.
| Import of Textile Wadding in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 15.3 | 20.3 | 25.1 | 48.0 | 46.4% |
| United States | 11.3 | 8.2 | 5.4 | 12.5 | 3.4% |
| Japan | 3.6 | 3.0 | 2.9 | 5.9 | 17.9% |
| Lithuania | N/A | N/A | 0.1 | 5.2 | 5100.0% |
| Philippines | 2.0 | 2.2 | 2.3 | 2.4 | 6.3% |
| Canada | 1.4 | 1.1 | 0.4 | 0.1 | -58.5% |
| Thailand | 20.3 | 17.8 | 26.5 | N/A | 14.3% |
| Indonesia | 2.3 | 2.6 | 4.4 | N/A | 38.3% |
| Others | 4.8 | 2.6 | 44.4 | 10.6 | 30.2% |
| Total | 60.8 | 57.8 | 111 | 84.6 | 11.6% |
Top Suppliers of Textile Wadding to South Korea in 2022:
- China (8.8K tons)
- United States (1.1K tons)
- Japan (0.8K tons)
- Lithuania (0.3K tons)
- Philippines (0.2K tons)
- Canada (0.1K tons)
This report provides an in-depth analysis of the textile wadding 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 13991400 - Textile flock and dust and mill neps
- Prodcom 17221240 - Wadding, other articles of wadding
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
398
This report provides an in-depth analysis of the textile wadding market in Republic of Korea.
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This report provides an in-depth analysis of the wadding market in Republic of Korea.
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This report provides an in-depth analysis of the global wadding market.
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This report provides an in-depth analysis of the textile wadding market in Republic of Korea.
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This report provides an in-depth analysis of the textile flock market in Republic of Korea.
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This report provides an in-depth analysis of the wadding market in Republic of Korea.
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This report provides an in-depth analysis of the global textile wadding market.
742
In value terms, friction material and articles thereof imports amounted to $X in 2016. The total import value increased at an average annual rate of +X% over the period from 2007 to 2016; the tre...
865
In value terms, friction material and articles thereof exports stood at $X in 2016. Overall, friction material and articles thereof exports continue to indicate a relatively flat trend pattern. Ove...
1381
In 2016, the amount of wadding of textile imported worldwide stood at X tons, coming down by -X% against the previous year level. In general, wadding of textile imports continue to indicate a s...
1321
In 2016, the amount of wadding of textile imported worldwide stood at X tons, coming down by -X% against the previous year level. In general, wadding of textile imports continue to indicate a s...
742
In value terms, friction material and articles thereof imports amounted to $X in 2016. The total import value increased at an average annual rate of +X% over the period from 2007 to 2016; the tre...
865
In value terms, friction material and articles thereof exports stood at $X in 2016. Overall, friction material and articles thereof exports continue to indicate a relatively flat trend pattern. Ove...
1381
In 2016, the amount of wadding of textile imported worldwide stood at X tons, coming down by -X% against the previous year level. In general, wadding of textile imports continue to indicate a s...
1321
In 2016, the amount of wadding of textile imported worldwide stood at X tons, coming down by -X% against the previous year level. In general, wadding of textile imports continue to indicate a s...
