Republic of Korea - Seals Of Vulcanised Rubber - Market Analysis, Forecast, Size, Trends And Insights
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View PricingVulcanised Rubber Seal Price in South Korea - 2022
Contents:
- Vulcanised Rubber Seal Price in South Korea (FOB) - 2022
- Vulcanised Rubber Seal Price in South Korea (CIF) - 2022
- Vulcanised Rubber Seal Exports in South Korea
- Vulcanised Rubber Seal Imports in South Korea
Vulcanised Rubber Seal Price in South Korea (FOB) - 2022
The average vulcanised rubber seal export price stood at $20,612 per ton in December 2022, rising by 2.6% against the previous month. In general, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in April 2022 an increase of 8.5% m-o-m. Over the period under review, the average export prices reached the maximum at $21,243 per ton in June 2022; however, from July 2022 to December 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In December 2022, the country with the highest price was China ($53,577 per ton), while the average price for exports to Indonesia ($6,956 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 Japan (+4.0%), while the prices for the other major destinations experienced more modest paces of growth.
Vulcanised Rubber Seal Price in South Korea (CIF) - 2022
In December 2022, the average vulcanised rubber seal import price amounted to $43,759 per ton, declining by -1.8% against the previous month. Over the last twelve months, it increased at an average monthly rate of +2.2%. The pace of growth was the most pronounced in May 2022 when the average import price increased by 26% m-o-m. As a result, import price attained the peak level of $46,345 per ton. From June 2022 to December 2022, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($351K per ton), while the price for India ($6,874 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 the United States (+12.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Vulcanised Rubber Seal Exports in South Korea
In 2022, shipments abroad of seals of vulcanised rubber increased by 17% to 13K tons for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, faced a abrupt curtailment.
In value terms, vulcanised rubber seal exports expanded significantly to $222M in 2022. Overall, exports, however, recorded a abrupt curtailment.
Export of Vulcanised Rubber Seal in South Korea (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 62.0 | 52.5 | 44.6 | 64.6 | 1.4% |
China | 84.5 | 83.6 | 61.6 | 47.8 | -17.3% |
India | 15.1 | 17.6 | 15.0 | 20.4 | 10.5% |
Mexico | 20.1 | 15.5 | 14.8 | 18.4 | -2.9% |
Japan | 12.3 | 9.4 | 9.9 | 11.8 | -1.4% |
Vietnam | 14.6 | 10.7 | 15.9 | 10.4 | -10.7% |
Slovakia | 5.2 | 3.5 | 3.7 | 3.6 | -11.5% |
Thailand | 4.4 | 5.1 | 5.4 | 3.6 | -6.5% |
Poland | 5.0 | 5.5 | 4.0 | 2.6 | -19.6% |
Russia | 4.1 | 3.6 | 3.6 | 2.4 | -16.3% |
Others | 37.4 | 29.2 | 28.8 | 36.2 | -1.1% |
Total | 265 | 236 | 207 | 222 | -5.7% |
Top Export Markets for Vulcanised Rubber Seal from South Korea in 2022:
- United States (5.8K tons)
- Mexico (1.2K tons)
- India (1.0K tons)
- China (1.0K tons)
- Vietnam (0.8K tons)
- Japan (0.7K tons)
- Slovakia (0.5K tons)
- Russia (0.3K tons)
- Poland (0.2K tons)
- Thailand (0.2K tons)
Vulcanised Rubber Seal Imports in South Korea
In 2022, the amount of seals of vulcanised rubber imported into South Korea was estimated at 5K tons, picking up by 10% against the previous year's figure. The total import volume increased at an average annual rate of +3.1% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, vulcanised rubber seal imports shrank slightly to $182M in 2022. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by 4.9% against the previous year. As a result, imports attained the peak of $186M, and then dropped slightly in the following year.
Import of Vulcanised Rubber Seal in South Korea (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Japan | 49.0 | 47.8 | 45.2 | 38.4 | -7.8% |
China | 30.2 | 27.1 | 29.0 | 33.5 | 3.5% |
United States | 34.1 | 31.4 | 33.0 | 30.7 | -3.4% |
Germany | 14.0 | 14.0 | 15.8 | 16.3 | 5.2% |
Vietnam | 4.7 | 6.9 | 9.1 | 10.2 | 29.5% |
France | 6.6 | 7.0 | 7.9 | 7.1 | 2.5% |
Indonesia | 7.1 | 5.5 | 3.3 | 5.9 | -6.0% |
Taiwan (Chinese) | 2.9 | 3.9 | 4.4 | 4.9 | 19.1% |
Thailand | 0.8 | 0.9 | 1.6 | 1.8 | 31.0% |
Others | 33.4 | 33.3 | 37.0 | 33.3 | -0.1% |
Total | 183 | 178 | 186 | 182 | -0.2% |
Top Suppliers of Vulcanised Rubber Seal to South Korea in 2022:
- China (2153.7 tons)
- Japan (901.7 tons)
- Vietnam (605.0 tons)
- United States (288.1 tons)
- Germany (171.9 tons)
- Taiwan (Chinese) (129.5 tons)
- Indonesia (128.1 tons)
- Thailand (89.8 tons)
- France (80.9 tons)
This report provides an in-depth analysis of the vulcanised rubber seal 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 22197323 - Seals, 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
- 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
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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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