Republic of Korea: Market for Ceramic Wares For Laboratory Or Technical Uses 2024

Market Size for Ceramic Wares For Laboratory Or Technical Uses in Republic of Korea

The South Korean market for ceramic wares for laboratory or technical uses declined to $X in 2022, falling by X% against the previous year. Overall, consumption, however, saw a relatively flat trend pattern. Consumption of peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Production of Ceramic Wares For Laboratory Or Technical Uses in Republic of Korea

In value terms, production of ceramic wares for laboratory or technical uses declined sharply to $X in 2022 estimated in export price. In general, production showed a pronounced descent. The pace of growth was the most pronounced in 2019 with an increase of X%. Production of peaked at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Exports of Ceramic Wares For Laboratory Or Technical Uses

Exports from Republic of Korea

In 2022, shipments abroad of ceramic wares for laboratory or technical uses decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports, however, posted a prominent expansion. The pace of growth was the most pronounced in 2014 with an increase of X%. Over the period under review, the exports of hit record highs at X tons in 2021, and then fell in the following year.

In value terms, exports of ceramic wares for laboratory or technical uses declined to $X in 2022. Overall, exports, however, posted a strong increase. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. The exports peaked at $X in 2021, and then dropped in the following year.

Exports by Country

China (X tons) was the main destination for exports of ceramic wares for laboratory or technical uses from South Korea, accounting for a X% share of total exports. Moreover, exports of ceramic wares for laboratory or technical uses to China exceeded the volume sent to the second major destination, South Africa (X tons), fourfold. The third position in this ranking was held by Poland (X tons), with a X% share.

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

In value terms, the largest markets for ceramic wares for laboratory or technical uses exported from South Korea were China ($X), the United States ($X) and Taiwan (Chinese) ($X), together accounting for X% of total exports. Japan, Germany, Norway, Poland, South Africa, Australia and Canada lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, Poland, 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 2022, the average export price for ceramic wares for laboratory or technical uses amounted to $X per ton, shrinking by X% against the previous year. In general, the export price, however, enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2014 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per ton), while the average price for exports to South Africa ($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 United States (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Ceramic Wares For Laboratory Or Technical Uses

Imports into Republic of Korea

In 2022, imports of ceramic wares for laboratory or technical uses into South Korea dropped notably to X tons, falling by X% on 2021. In general, total imports indicated prominent growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, imports of reached the maximum at X tons in 2021, and then declined notably in the following year.

In value terms, imports of ceramic wares for laboratory or technical uses totaled $X in 2022. Over the period under review, total imports indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2015 with an increase of X%. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of ceramic wares for laboratory or technical uses to South Korea, accounting for a X% share of total imports. Moreover, imports of ceramic wares for laboratory or technical uses from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), ninefold. Poland (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate 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 Poland (X% per year).

In value terms, Japan ($X), China ($X) and the United States ($X) appeared to be the largest ceramic wares for laboratory or technical uses suppliers to South Korea, together accounting for X% of total imports. Poland, Indonesia, Germany, Thailand and Hungary lagged somewhat behind, together comprising a further X%.

Thailand, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for ceramic wares for laboratory or technical uses stood at $X per ton in 2022, growing by X% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 an increase of X%. The import price peaked at $X per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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