Republic of Korea: Market for Articles Of Asbestos-Cement, Cellulose Fiber-Cement Or The Like 2024

Market Size for Articles Of Asbestos-Cement, Cellulose Fiber-Cement Or The Like in Republic of Korea

The South Korean articles of fiber cement market rose remarkably to $X in 2022, picking up by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption recorded a buoyant expansion. Articles of fiber cement consumption peaked in 2022 and is likely to continue growth in years to come.

Exports of Articles Of Asbestos-Cement, Cellulose Fiber-Cement Or The Like

Exports from Republic of Korea

In 2022, articles of fiber cement exports from South Korea contracted slightly to X tons, shrinking by X% against 2021 figures. Overall, exports saw a perceptible downturn. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, articles of fiber cement exports reduced sharply to $X in 2022. Over the period under review, exports showed a pronounced setback. The most prominent rate of growth was recorded in 2019 with an increase of X%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Japan (X tons) was the main destination for articles of fiber cement exports from South Korea, accounting for a X% share of total exports. Moreover, articles of fiber cement exports to Japan exceeded the volume sent to the second major destination, the Philippines (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to Japan totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Philippines (X% per year) and Malaysia (X% per year).

In value terms, Japan ($X) remains the key foreign market for articles of asbestos-cement, cellulose fiber-cement or the like exports from South Korea, comprising X% of total exports. The second position in the ranking was taken by the Philippines ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Japan totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Philippines (X% per year) and Malaysia (X% per year).

Export Prices by Country

The average articles of fiber cement export price stood at $X per ton in 2022, waning by X% against the previous year. In general, the export price saw a mild shrinkage. The pace of growth was the most pronounced in 2016 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2017 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Philippines ($X per ton), while the average price for exports to Malaysia ($X 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 Thailand (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Articles Of Asbestos-Cement, Cellulose Fiber-Cement Or The Like

Imports into Republic of Korea

In 2022, the amount of articles of asbestos-cement, cellulose fiber-cement or the like imported into South Korea reached X tons, approximately mirroring the previous year. Overall, imports recorded resilient growth. The pace of growth was the most pronounced in 2016 with an increase of X%. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, articles of fiber cement imports rose markedly to $X in 2022. In general, imports posted a strong increase. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

China (X tons), Indonesia (X tons) and Japan (X tons) were the main suppliers of articles of fiber cement imports to South Korea, with a combined X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Indonesia (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest articles of fiber cement suppliers to South Korea were China ($X), Japan ($X) and Indonesia ($X), together accounting for X% of total imports.

Indonesia, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average articles of fiber cement import price amounted to $X per ton, picking up by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per ton), while the price for Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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