Republic of Korea - Wrapping Papers - Market Analysis, Forecast, Size, Trends and Insights
Report Update: May 1, 2024

Republic of Korea - Wrapping Papers - Market Analysis, Forecast, Size, Trends and Insights

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Wrapping Papers Price in South Korea - 2022

Contents:

  1. Wrapping Papers Price in South Korea (CIF) - 2022
  2. Wrapping Papers Price in South Korea (FOB) - 2022
  3. Wrapping Papers Imports in South Korea
  4. Wrapping Papers Exports in South Korea

Wrapping Papers Price in South Korea (CIF) - 2022

The average wrapping papers import price stood at $1,516 per ton in December 2022, almost unchanged from the previous month. Over the last twelve months, it increased at an average monthly rate of +1.4%. The pace of growth appeared the most rapid in November 2022 when the average import price increased by 11% month-to-month. As a result, import price attained the peak level of $1,533 per ton, and then reduced slightly in the following month.

There were significant differences in the average prices amongst the major supplying countries. In December 2022, the country with the highest price was France ($2,625 per ton), while the price for Thailand ($581 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 Russia (+7.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Wrapping Papers Price in South Korea (FOB) - 2022

In December 2022, the average wrapping papers export price amounted to $778 per ton, declining by -16.6% against the previous month. In general, the export price continues to indicate a mild descent. The most prominent rate of growth was recorded in January 2022 an increase of 26% against the previous month. As a result, the export price attained the peak level of $1,136 per ton. From February 2022 to December 2022, the the average export prices remained at a somewhat 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 Japan ($1,723 per ton), while the average price for exports to China ($487 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 mixed trend patterns.

Wrapping Papers Imports in South Korea

In 2022, the amount of wrapping paper, packaging paper and paperboard imported into South Korea contracted to 146K tons, falling by -10.3% on the previous year. Over the period under review, imports showed a noticeable downturn. The pace of growth appeared the most rapid in 2021 when imports increased by 5.1% against the previous year. As a result, imports reached the peak of 163K tons, and then contracted in the following year.

In value terms, wrapping papers imports amounted to $208M in 2022. The total import value increased at an average annual rate of +1.6% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 11%. Imports peaked in 2022 and are likely to continue growth in the near future.

Import of Wrapping Papers in South Korea (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Japan69.055.655.459.9-4.6%
China16.619.226.931.623.9%
Taiwan (Chinese)22.919.621.524.72.6%
Sweden14.415.916.418.89.3%
United States10.28.18.912.36.4%
France9.211.49.39.40.7%
Canada2.91.95.37.939.7%
Russia4.84.54.36.611.2%
Bulgaria2.62.00.44.620.9%
Czech Republic0.72.95.13.977.3%
Thailand8.27.15.93.6-24.0%
Brazil4.33.83.53.3-8.4%
Australia0.51.64.93.285.7%
Others32.220.125.618.8-16.4%
Total1981741932081.7%

Top Suppliers of Wrapping Papers to South Korea in 2022:

  1. Japan (47.7K tons)
  2. China (19.2K tons)
  3. Taiwan (Chinese) (16.7K tons)
  4. Sweden (13.7K tons)
  5. United States (7.1K tons)
  6. Canada (6.5K tons)
  7. Russia (4.9K tons)
  8. France (4.2K tons)
  9. Bulgaria (3.8K tons)
  10. Thailand (3.6K tons)
  11. Czech Republic (3.2K tons)
  12. Australia (2.9K tons)
  13. Brazil (2.7K tons)

Wrapping Papers Exports in South Korea

After three years of growth, overseas shipments of wrapping paper, packaging paper and paperboard decreased by -11.2% to 97K tons in 2022. Over the period under review, total exports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +15.0% 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 +52.0% against 2019 indices. The pace of growth was the most pronounced in 2020 when exports increased by 45% against the previous year.

In value terms, wrapping papers exports fell to $82M in 2022. The total export value increased at an average annual rate of +4.1% from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when exports increased by 19% against the previous year. As a result, the exports reached the peak of $93M, and then declined in the following year.

Export of Wrapping Papers in South Korea (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
China16.626.838.126.717.2%
Vietnam15.716.220.421.010.2%
Bangladesh7.39.48.97.71.8%
Taiwan (Chinese)5.36.28.96.88.7%
Indonesia1.91.42.13.623.7%
Japan2.72.32.32.70.0%
India0.40.50.91.865.1%
United Arab Emirates2.91.70.60.3-53.1%
Others19.613.811.111.3-16.8%
Total72.578.393.381.84.1%

Top Export Markets for Wrapping Papers from South Korea in 2022:

  1. China (43.7K tons)
  2. Vietnam (20.7K tons)
  3. Taiwan (Chinese) (9.8K tons)
  4. Bangladesh (7.9K tons)
  5. Indonesia (2.9K tons)
  6. Japan (2.4K tons)
  7. India (2.2K tons)
  8. United Arab Emirates (0.3K tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the wrapping papers 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:

  • FCL 1621 - Wrapping papers

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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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. 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. 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. 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. 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. 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. 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. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. 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
  12. 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
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