Report Update Apr 1, 2024

Republic of Korea - Flax, Raw or Retted - Market Analysis, Forecast, Size, Trends and Insights

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Republic of Korea: Market for Flax, Raw Or Retted 2022

Market Size for Flax, Raw Or Retted in Republic of Korea

The South Korean flax, raw or retted market totaled $X in 2021, picking up by X% against the previous year. In general, consumption, however, recorded a sharp curtailment. Over the period under review, the market reached the peak level at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Production of Flax, Raw Or Retted in Republic of Korea

In value terms, flax, raw or retted production rose sharply to $X in 2021 estimated in export price. Overall, production, however, recorded a strong expansion. The growth pace was the most rapid in 2018 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

The average yield of flax, raw or retted in South Korea stood at less than X kg per ha in 2021, remaining relatively unchanged against the previous year. Over the period under review, the yield showed a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2021, approx. less than X ha of flax, raw or retted were harvested in South Korea; approximately reflecting the previous year's figure. Overall, the harvested area continues to indicate a relatively flat trend pattern.

Exports of Flax, Raw Or Retted

Exports from Republic of Korea

Flax, raw or retted exports from South Korea reduced markedly to X kg in 2021, which is down by -X% against 2020. Overall, exports, however, saw a resilient increase. The pace of growth appeared the most rapid in 2020 with an increase of X%. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, flax, raw or retted exports fell dramatically to $X in 2021. Over the period under review, exports, however, saw a significant expansion. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Indonesia (X kg) was the main destination for flax, raw or retted exports from South Korea, with a approx. X% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Indonesia stood at +X%.

In value terms, Indonesia ($X) also remains the key foreign market for flax, raw or retted exports from South Korea.

From 2012 to 2021, the average annual growth rate of value to Indonesia totaled +X%.

Export Prices by Country

In 2021, the average flax, raw or retted export price amounted to $X per ton, reducing by -X% against the previous year. Over the period under review, the export price, however, saw a significant increase. The pace of growth appeared the most rapid in 2016 an increase of X%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Indonesia.

From 2012 to 2021, the rate of growth in terms of prices for Indonesia amounted to +X% per year.

Imports of Flax, Raw Or Retted

Imports into Republic of Korea

In 2021, overseas purchases of flax, raw or retted increased by X% to X tons, rising for the third year in a row after two years of decline. Over the period under review, imports, however, showed a precipitous setback. The growth pace was the most rapid in 2016 with an increase of X%. Over the period under review, imports attained the maximum at X tons in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, flax, raw or retted imports rose modestly to $X in 2021. In general, imports, however, faced a sharp contraction. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Canada (X tons) was the main flax, raw or retted supplier to South Korea, with a approx. X% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from Canada totaled -X%.

In value terms, Canada ($X) constituted the largest supplier of flax, raw or retted to South Korea.

From 2012 to 2021, the average annual rate of growth in terms of value from Canada amounted to -X%.

Import Prices by Country

The average flax, raw or retted import price stood at $X per ton in 2021, shrinking by -X% against the previous year. In general, the import price recorded a pronounced decrease. The pace of growth appeared the most rapid in 2016 when the average import price increased by X%. As a result, import price attained the peak level of $X per ton. From 2017 to 2021, the average import prices remained at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for Canada.

From 2012 to 2021, the rate of growth in terms of prices for Canada amounted to -X% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for flax, raw or retted in the world?

The Netherlands constituted the country with the largest volume of flax, raw or retted consumption, accounting for 56% of total volume. Moreover, flax, raw or retted consumption in the Netherlands exceeded the figures recorded by the second-largest consumer, Belgium, threefold. Canada ranked third in terms of total consumption with a 9.5% share.

What are the largest producers of flax, raw or retted in the world?

France constituted the country with the largest volume of flax, raw or retted production, accounting for 56% of total volume. Moreover, flax, raw or retted production in France exceeded the figures recorded by the second-largest producer, Canada, twofold.

What are the leading suppliers of flax, raw or retted to Republic of Korea?

In value terms, Canada constituted the largest supplier of flax, raw or retted to South Korea.

What are the leading importers of flax, raw or retted from Republic of Korea?

In value terms, Indonesia remains the key foreign market for flax, raw or retted exports from South Korea.

What is the average export price for flax, raw or retted in Republic of Korea?

The average flax, raw or retted export price stood at $8,828 per ton in 2021, dropping by -8.8% against the previous year.

What is the average import price for flax, raw or retted in Republic of Korea?

In 2021, the average flax, raw or retted import price amounted to $1,151 per ton, shrinking by -7% against the previous year.

This report provides an in-depth analysis of the market for flax, raw or retted in Republic of Korea. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

FCL 771 - Flax, raw or retted

Country coverage:

South Korea

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Republic of Korea
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. COUNTRIES WITH TOP YIELDS
4. TOP EXPORTING COUNTRIES
5. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Yield And Growth
16. Exports And Growth
17. Export Prices And Growth
18. Market Size And Growth
19. Per Capita Consumption
20. Imports And Growth
21. Import Prices
22. Production, In Physical Terms, 2012–2023
23. Production, In Value Terms, 2012–2023
24. Area Harvested, 2012–2023
25. Yield, 2012–2023
26. Imports, In Physical Terms, 2012–2023
27. Imports, In Value Terms, 2012–2023
28. Imports, In Physical Terms, By Country, 2023
29. Imports, In Physical Terms, By Country, 2012–2023
30. Imports, In Value Terms, By Country, 2012–2023
31. Import Prices, By Country Of Origin, 2012–2023
32. Exports, In Physical Terms, 2012–2023
33. Exports, In Value Terms, 2012–2023
34. Exports, In Physical Terms, By Country, 2023
35. Exports, In Physical Terms, By Country, 2012–2023
36. Exports, In Value Terms, By Country, 2012–2023
37. Export Prices, By Country Of Destination, 2012–2023