Republic of Korea: Vulcanised Rubber Erases Market 2024

Vulcanised Rubber Erases Market Size in Republic of Korea

In 2022, the South Korean vulcanised rubber erases market increased by X% to $X, rising for the second consecutive year after two years of decline. In general, consumption continues to indicate significant growth. Over the period under review, the market attained the maximum level in 2022 and is expected to retain growth in the immediate term.

Vulcanised Rubber Erases Exports

Exports from Republic of Korea

In 2022, overseas shipments of erasers of vulcanised rubber increased by X% to X tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, faced a abrupt setback. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, vulcanised rubber erases exports expanded significantly to $X in 2022. In general, exports, however, saw a noticeable shrinkage. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2021 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

The United States (X tons), the United Arab Emirates (X tons) and Taiwan (Chinese) (X tons) were the main destinations of vulcanised rubber erases exports from South Korea, with a combined X% share of total exports. Japan, Germany, Saudi Arabia, Vietnam, the Czech Republic and Singapore lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Saudi Arabia (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for vulcanised rubber erases exported from South Korea were the United Arab Emirates ($X), the United States ($X) and Germany ($X), with a combined X% share of total exports. Saudi Arabia, Taiwan (Chinese), Japan, Vietnam, Singapore and the Czech Republic lagged somewhat behind, together accounting for a further X%.

Saudi Arabia, with a CAGR of X%, recorded 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 more modest paces of growth.

Export Prices by Country

In 2022, the average vulcanised rubber erases export price amounted to $X per ton, picking up by X% against the previous year. Over the period under review, the export price enjoyed resilient growth. The growth pace was the most rapid in 2020 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2021 to 2022, the average 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 Germany ($X per ton), while the average price for exports to the Czech Republic ($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 Saudi Arabia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Vulcanised Rubber Erases Imports

Imports into Republic of Korea

In 2022, supplies from abroad of erasers of vulcanised rubber increased by X% to X tons, rising for the second year in a row after two years of decline. In general, imports posted a resilient increase. The growth pace was the most rapid in 2016 when imports increased by X%. Over the period under review, imports attained the maximum at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, vulcanised rubber erases imports skyrocketed to $X in 2022. Overall, imports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of vulcanised rubber erases to South Korea, accounting for a X% share of total imports. Moreover, vulcanised rubber erases imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), threefold.

From 2012 to 2022, the average annual growth rate of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (X% per year) and Thailand (X% per year).

In value terms, China ($X), Taiwan (Chinese) ($X) and Thailand ($X) were the largest vulcanised rubber erases suppliers to South Korea, with a combined X% share of total imports.

Thailand, with a CAGR of X%, recorded the highest growth rate of 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 vulcanised rubber erases import price stood at $X per ton in 2022, growing by X% against the previous year. Overall, the import price showed prominent growth. The most prominent rate of growth was recorded in 2019 when the average import price increased by X%. The import price peaked in 2022 and is expected to retain growth in the near future.

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

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :