Republic of Korea: Market for Base Metal Fittings For Loose-Leaf Binders Or Files 2024

Market Size for Base Metal Fittings For Loose-Leaf Binders Or Files in Republic of Korea

The South Korean loose-leaf binder metal fitting market declined to $X in 2022, shrinking by X% against the previous year. Overall, consumption saw a abrupt downturn. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market failed to regain momentum.

Production of Base Metal Fittings For Loose-Leaf Binders Or Files in Republic of Korea

In value terms, loose-leaf binder metal fitting production dropped to $X in 2022 estimated in export price. In general, production showed a perceptible reduction. The growth pace was the most rapid in 2021 when the production volume increased by X%. Loose-leaf binder metal fitting production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Exports of Base Metal Fittings For Loose-Leaf Binders Or Files

Exports from Republic of Korea

After two years of decline, shipments abroad of base metal fittings for loose-leaf binders or files increased by X% to X tons in 2022. Overall, exports continue to indicate moderate growth. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, loose-leaf binder metal fitting exports soared to $X in 2022. Over the period under review, exports saw a tangible increase. The most prominent rate of growth was recorded in 2018 with an increase of X%. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X tons) was the main destination for loose-leaf binder metal fitting exports from South Korea, with a X% share of total exports. Moreover, loose-leaf binder metal fitting exports to the United States exceeded the volume sent to the second major destination, Saudi Arabia (X tons), fivefold. The third position in this ranking was held by Japan (X tons), with a X% share.

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

In value terms, the United States ($X) remains the key foreign market for base metal fittings for loose-leaf binders or files exports from South Korea, comprising X% of total exports. The second position in the ranking was taken by Saudi Arabia ($X), with a X% share of total exports. It was followed by Japan, with a X% share.

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

Export Prices by Country

The average loose-leaf binder metal fitting export price stood at $X per ton in 2022, with an increase of X% against the previous year. In general, the export price recorded a relatively flat trend pattern. The export price peaked at $X per ton in 2017; however, from 2018 to 2022, the 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 Canada ($X per ton), while the average price for exports to Greece ($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 the UK (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Base Metal Fittings For Loose-Leaf Binders Or Files

Imports into Republic of Korea

In 2022, the amount of base metal fittings for loose-leaf binders or files imported into South Korea dropped sharply to X tons, reducing by X% compared with the year before. In general, imports recorded a pronounced reduction. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, loose-leaf binder metal fitting imports shrank dramatically to $X in 2022. Over the period under review, imports recorded a noticeable slump. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at $X in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) was the main loose-leaf binder metal fitting supplier to South Korea, with a X% share of total imports. It was followed by Thailand (X tons), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to X%.

In value terms, China ($X) constituted the largest supplier of base metal fittings for loose-leaf binders or files to South Korea, comprising X% of total imports. The second position in the ranking was held by Thailand ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled X%.

Import Prices by Country

In 2022, the average loose-leaf binder metal fitting import price amounted to $X per ton, stabilizing at the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2018 an increase of X% against the previous year. The import price peaked in 2022 and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Thailand ($X per ton), while the price for China amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%).

Source: IndexBox Platform

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