Republic of Korea: Market for Boards, Blocks And Similar Articles Of Vegetable Fibre, Agglomerated With Mineral Binders 2024

Market Size for Boards, Blocks And Similar Articles Of Vegetable Fibre, Agglomerated With Mineral Binders in Republic of Korea

The South Korean market for boards, blocks and similar articles of vegetable fibre, agglomerated with mineral binders expanded slightly to $X in 2022, rising 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). In general, consumption, however, showed a deep reduction. Over the period under review, the market reached the maximum level at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Exports of Boards, Blocks And Similar Articles Of Vegetable Fibre, Agglomerated With Mineral Binders

Exports from Republic of Korea

In 2022, overseas shipments of boards, blocks and similar articles of vegetable fibre, agglomerated with mineral binders decreased by X% to X square meters, falling for the third consecutive year after three years of growth. Over the period under review, exports faced a significant curtailment. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. The exports peaked at X square meters in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of boards, blocks and similar articles of vegetable fibre, agglomerated with mineral binders shrank notably to $X in 2022. In general, exports recorded a sharp decrease. The pace of growth appeared the most rapid in 2019 when exports increased by X% against the previous year. Over the period under review, the exports of hit record highs at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Russia (X square meters), Japan (X square meters) and India (X square meters) were the main destinations of exports of boards, blocks and similar articles of vegetable fibre, agglomerated with mineral binders from South Korea, together comprising X% of total exports. The United States, New Zealand, the United Arab Emirates and Vietnam lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for New Zealand (with a CAGR of X%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Japan ($X), New Zealand ($X) and Russia ($X) appeared to be the largest markets for boards, blocks and similar articles of vegetable fibre, agglomerated with mineral binders exported from South Korea worldwide, with a combined X% share of total exports.

New Zealand, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average export price for boards, blocks and similar articles of vegetable fibre, agglomerated with mineral binders amounted to $X per thousand square meters, dropping by X% against the previous year. Overall, the export price, however, showed mild growth. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per thousand square meters, and then reduced dramatically in the following year.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was New Zealand ($X per thousand square meters), while the average price for exports to the United Arab Emirates ($X per thousand square meters) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hungary (X.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Boards, Blocks And Similar Articles Of Vegetable Fibre, Agglomerated With Mineral Binders

Imports into Republic of Korea

In 2022, approx. X square meters of boards, blocks and similar articles of vegetable fibre, agglomerated with mineral binders were imported into South Korea; jumping by X% on 2021. Over the period under review, imports, however, saw a deep reduction. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. As a result, imports reached the peak of X square meters. From 2017 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of boards, blocks and similar articles of vegetable fibre, agglomerated with mineral binders shrank to $X in 2022. In general, imports, however, recorded a abrupt downturn. The pace of growth was the most pronounced in 2021 with an increase of X%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

China (X square meters), Japan (X square meters) and Thailand (X square meters) were the main suppliers of imports of boards, blocks and similar articles of vegetable fibre, agglomerated with mineral binders to South Korea, with a combined X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Japan (with a CAGR of X%), while imports for the other leaders experienced mixed trend patterns.

In value terms, China ($X), Japan ($X) and Thailand ($X) were the largest boards, blocks and similar articles of vegetable fibre, agglomerated with mineral binders suppliers to South Korea, together accounting for X% of total imports.

Among the main suppliers, Thailand, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average import price for boards, blocks and similar articles of vegetable fibre, agglomerated with mineral binders amounted to $X per thousand square meters, declining by X% against the previous year. In general, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of X%. The import price peaked at $X per thousand square meters in 2021, and then fell remarkably in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Austria ($X per thousand square meters), while the price for Thailand ($X per thousand square meters) 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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