Republic of Korea: Metal Advertising Sign Market 2024

Metal Advertising Sign Market Size in Republic of Korea

In 2020, the South Korean metal advertising sign market decreased by X% to $X for the first time since 2017, thus ending a two-year rising trend. The market value increased at an average annual rate of X% from 2012 to 2020; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the peak level at $X in 2019, and then dropped in the following year.

Metal Advertising Sign Production in Republic of Korea

In value terms, metal advertising sign production dropped to $X in 2020 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2020; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2020, production growth remained at a lower figure.

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Metal Advertising Sign Exports

Exports from Republic of Korea

In 2020, shipments abroad of metal advertising signs decreased by X% to X tons, falling for the third consecutive year after two years of growth. In general, exports showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2020, the exports remained at a lower figure.

In value terms, metal advertising sign exports contracted markedly to $X in 2020. Overall, exports showed a abrupt slump. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2020, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for metal advertising sign exports from South Korea, accounting for a X% share of total exports. Moreover, metal advertising sign exports to the United States exceeded the volume sent to the second major destination, Kazakhstan (X tons), fourfold. The third position in this ranking was taken by China (X tons), with a X% share.

From 2012 to 2020, the average annual rate of growth in terms of volume to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kazakhstan (X% per year) and China (X% per year).

In value terms, the United States ($X), China ($X) and India ($X) constituted the largest markets for metal advertising sign exported from South Korea worldwide, together accounting for X% of total exports. Germany, Vietnam, Russia, Poland, Mexico, Switzerland, Uzbekistan, Cambodia, Kazakhstan and Iraq lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, Uzbekistan, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2020, the average metal advertising sign export price amounted to $X per ton, dropping by X% against the previous year. Overall, export price indicated a buoyant expansion from 2012 to 2020: its price increased at an average annual rate of X% over the last eight years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, metal advertising sign export price increased by X% against 2017 indices. The pace of growth appeared the most rapid in 2014 when the average export price increased by X%. Over the period under review, the average export prices attained the maximum at $X per ton in 2019, and then contracted sharply in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Iraq ($X per ton) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (X%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Advertising Sign Imports

Imports into Republic of Korea

In 2020, supplies from abroad of metal advertising signs decreased by X% to X tons, falling for the third consecutive year after two years of growth. Over the period under review, imports, however, recorded buoyant growth. The pace of growth appeared the most rapid in 2014 with an increase of X%. Imports peaked at X tons in 2017; however, from 2018 to 2020, imports remained at a lower figure.

In value terms, metal advertising sign imports shrank to $X in 2020. The total import value increased at an average annual rate of X% from 2012 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 when imports increased by X% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2020, imports remained at a lower figure.

Imports by Country

In 2020, China (X tons) constituted the largest metal advertising sign supplier to South Korea, with a X% share of total imports. Moreover, metal advertising sign imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), fourfold. The third position in this ranking was taken by Germany (X tons), with a X% share.

From 2012 to 2020, the average annual rate of growth in terms of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Germany (X% per year).

In value terms, China ($X) constituted the largest supplier of metal advertising signs to South Korea, comprising X% of total imports. The second position in the ranking was held by the United States ($X), with an X% share of total imports. It was followed by Germany, with a X% share.

From 2012 to 2020, the average annual rate of growth in terms of value from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Germany (X% per year).

Import Prices by Country

In 2020, the average metal advertising sign import price amounted to $X per ton, growing by X% against the previous year. Overall, the import price, however, continues to indicate a perceptible reduction. The pace of growth appeared the most rapid in 2018 when the average import price increased by X%. The import price peaked at $X per ton in 2012; however, from 2013 to 2020, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2020, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by Germany (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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