Report Update Apr 1, 2024

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

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Republic of Korea: Asbestos Market 2022

Asbestos Market Size in Republic of Korea

In 2020, the South Korean asbestos market increased by X% to $X, rising for the third year in a row after two years of decline. Overall, consumption, however, saw a deep downturn. The pace of growth was the most pronounced in 2011 when the market value increased by X% against the previous year. Asbestos consumption peaked at $X in 2007; however, from 2008 to 2020, consumption failed to regain the momentum.

Asbestos Production in Republic of Korea

In value terms, asbestos production amounted to $X in 2020 estimated in export prices. Overall, production recorded a noticeable reduction. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Over the period under review, production attained the peak level at $X in 2007; however, from 2008 to 2020, production failed to regain the momentum.

Asbestos Exports

Exports from Republic of Korea

In 2020, after three years of growth, there was significant decline in shipments abroad of asbestos, when their volume decreased by -X% to X kg. Overall, exports faced a drastic downturn. The pace of growth was the most pronounced in 2010 with an increase of X% y-o-y. As a result, exports attained the peak of X tons. from 2011 to 2020, the growth exports failed to regain the momentum.

In value terms, asbestos exports dropped notably to $X in 2020. Over the period under review, exports continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2009 when exports increased by X% y-o-y. Exports peaked at $X in 2010; however, from 2011 to 2020, exports stood at a somewhat lower figure.

Exports by Country

Northern Mariana Islands (X kg) was the main destination for asbestos exports from South Korea, accounting for a approx. X% share of total exports.

From 2007 to 2020, the average annual growth rate of volume to Northern Mariana Islands was relatively modest.

From 2007 to 2020, the average annual growth rate of value to Northern Mariana Islands was relatively modest.

Export Prices by Country

The average asbestos export price stood at $X per ton in 2020, picking up by X% against the previous year. Over the period under review, the export price recorded a prominent increase. The pace of growth appeared the most rapid in 2014 when the average export price increased by X% y-o-y. The export price peaked in 2020 and is likely to see steady growth in years to come.

As there is only one major export destination, the average price level is determined by prices for Northern Mariana Islands.

From 2007 to 2020, the rate of growth in terms of prices for Northern Mariana Islands amounted to X% per year.

Asbestos Imports

Imports into Republic of Korea

For the third consecutive year, South Korea recorded decline in overseas purchases of asbestos, which decreased by -X% to X kg in 2020. Over the period under review, imports showed a sharp shrinkage. The most prominent rate of growth was recorded in 2010 when imports increased by X% year-to-year. Over the period under review, imports hit record highs at X tons in 2007; however, from 2008 to 2020, imports stood at a somewhat lower figure.

In value terms, asbestos imports fell remarkably to $X in 2020. Overall, imports continue to indicate a significant contraction. The pace of growth appeared the most rapid in 2010 with an increase of X% y-o-y. Imports peaked at $X in 2007; however, from 2008 to 2020, imports stood at a somewhat lower figure.

Imports by Country

In 2020, China (X kg) was the main supplier of asbestos to South Korea, accounting for a approx. X% share of total imports.

From 2007 to 2020, the average annual growth rate of volume from China totaled -X%.

In value terms, China ($X) constituted the largest supplier of asbestos to South Korea.

From 2007 to 2020, the average annual rate of growth in terms of value from China totaled -X%.

Import Prices by Country

The average asbestos import price stood at $X per ton in 2020, which is down by -X% against the previous year. In general, the import price, however, saw a strong expansion. The pace of growth was the most pronounced in 2016 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2019, and then dropped sharply in the following year.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2007 to 2020, the rate of growth in terms of prices for China amounted to +X% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for asbestos in the world?

The countries with the highest volumes of asbestos consumption in 2020 were India, China and Russia, with a combined 55% share of global consumption. These countries were followed by Uzbekistan, Indonesia, Sri Lanka, Thailand, Vietnam, Bangladesh and Poland, which together accounted for a further 30%.

What are the largest producers of asbestos in the world?

Russia remains the largest asbestos producing country worldwide, comprising approx. 58% of total volume. Moreover, asbestos production in Russia exceeded the figures recorded by the second-largest producer, Kazakhstan, threefold. The third position in this ranking was occupied by China, with a 9.8% share.

What are the leading suppliers of asbestos to Republic of Korea?

In value terms, China $25) constituted the largest supplier of asbestos to South Korea.

What is the average export price for asbestos in Republic of Korea?

In 2020, the average asbestos export price amounted to $3,360 per ton, growing by 87% against the previous year.

What is the average import price for asbestos in Republic of Korea?

In 2020, the average asbestos import price amounted to $5,000 per ton, reducing by -93.8% against the previous year.

This report provides an in-depth analysis of the asbestos 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 2025.

Product coverage:

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.

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