Report Update: May 1, 2024

Republic of Korea - Erasers Of Vulcanised Rubber - Market Analysis, Forecast, Size, Trends And Insights

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Vulcanised Rubber Erases Price in South Korea - 2022

Vulcanised Rubber Erases Price in South Korea (CIF) - 2022

The average vulcanised rubber erases import price stood at $7,887 per ton in December 2022, jumping by 51% against the previous month. In general, import price indicated a perceptible expansion from December 2021 to December 2022: its price increased at an average monthly rate of +2.0% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2022 figures, vulcanised rubber erases import price increased by +67.0% against October 2022 indices. The most prominent rate of growth was recorded in August 2022 an increase of 67% against the previous month. The import price peaked at $8,157 per ton in January 2022; however, from February 2022 to December 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In December 2022, the country with the highest price was China ($7,845 per ton), while the price for Taiwan (Chinese) totaled $7,801 per ton.

From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by China (+4.7%).

Vulcanised Rubber Erases Price in South Korea (FOB) - 2022

In 2022, the average vulcanised rubber erases export price amounted to $9,424 per ton, surging by 12% against the previous year. Over the period under review, export price indicated a resilient expansion from 2012 to 2022: its price increased at an average annual rate of +6.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, vulcanised rubber erases export price decreased by -5.7% against 2020 indices. The pace of growth appeared the most rapid in 2020 when the average export price increased by 47% against the previous year. As a result, the export price attained the peak level of $9,992 per ton. From 2021 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Egypt ($27,696 per ton), while the average price for exports to Thailand ($734 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 Malaysia (+11.7%), while the prices for the other major destinations experienced more modest paces of growth.

Vulcanised Rubber Erases Imports in South Korea

Vulcanised rubber erases imports into South Korea dropped rapidly to 292 tons in 2022, waning by -19.9% on the previous year's figure. Over the period under review, imports saw a abrupt decline. The pace of growth appeared the most rapid in 2021 when imports increased by 20%.

In value terms, vulcanised rubber erases imports declined rapidly to $1.7M in 2022. Overall, total imports indicated a noticeable increase from 2019 to 2022: its value increased at an average annual rate of +4.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +47.7% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 95% against the previous year. As a result, imports attained the peak of $2.2M, and then contracted markedly in the following year.

Import of Vulcanised Rubber Erases in South Korea (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	1,266	756	1,432	1,203	-1.7%
Taiwan (Chinese)	6.5	178	266	246	235.7%
Thailand	29.2	79.8	130	109	55.1%
Others	177	128	403	128	-10.2%
Total	1,479	1,142	2,231	1,686	4.5%

Top Suppliers of Vulcanised Rubber Erases to South Korea in 2022:

China (255.6 tons)
Taiwan (Chinese) (16.0 tons)
Thailand (12.9 tons)

Vulcanised Rubber Erases Exports in South Korea

In 2022, vulcanised rubber erases exports from South Korea dropped markedly to 86 tons, falling by -19.4% on the previous year. Over the period under review, exports saw a dramatic decrease. The most prominent rate of growth was recorded in 2021 with an increase of 48%.

In value terms, vulcanised rubber erases exports shrank to $809K in 2022. Overall, exports recorded a deep slump. The pace of growth was the most pronounced in 2021 when exports increased by 25% against the previous year.

Export of Vulcanised Rubber Erases in South Korea (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	188	41.0	52.9	141	-9.1%
Egypt	2.7	21.6	60.8	82.0	212.0%
Panama	63.4	32.6	47.2	63.6	0.1%
Malaysia	2.7	0.2	28.4	38.3	142.1%
Saudi Arabia	40.8	16.1	27.1	36.6	-3.6%
Mauritius	28.0	11.8	19.4	29.7	2.0%
South Africa	25.5	14.3	14.3	27.1	2.0%
Taiwan (Chinese)	25.4	18.7	11.8	23.4	-2.7%
Qatar	18.2	7.4	11.8	17.5	-1.3%
Iran	24.1	6.5	12.8	17.3	-10.5%
Morocco	10.8	4.4	6.3	8.5	-7.7%
Singapore	18.4	2.7	N/A	6.1	-30.8%
Thailand	1.6	3.6	3.6	2.7	19.1%
Others	877	538	603	316	-28.8%
Total	1,328	719	900	809	-15.2%

Top Export Markets for Vulcanised Rubber Erases from South Korea in 2022:

United States (30.0 tons)
Mauritius (6.0 tons)
Panama (5.4 tons)
South Africa (4.1 tons)
Taiwan (Chinese) (3.7 tons)
Thailand (3.7 tons)
Iran (3.3 tons)
Saudi Arabia (3.3 tons)
Egypt (3.0 tons)
Morocco (2.6 tons)
Malaysia (2.1 tons)
Singapore (2.0 tons)
Qatar (1.6 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the vulcanised rubber erases 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 22197321 - Erasers, of vulcanised rubber

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
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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
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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
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. 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
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. 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
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. 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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. 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
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. 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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023