Report Update Apr 1, 2024

Republic of Korea - Flax, Tow and Waste - Market Analysis, Forecast, Size, Trends and Insights

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Republic of Korea: Market for Flax, Tow And Waste 2022

Market Size for Flax, Tow And Waste in Republic of Korea

The South Korean flax, tow and waste market reached $X in 2021, standing approx. at the previous year. Over the period under review, consumption saw buoyant growth. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market failed to regain momentum.

Production of Flax, Tow And Waste in Republic of Korea

In value terms, flax, tow and waste production reduced to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +X% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2015 with an increase of X%. As a result, production attained the peak level of $X. From 2016 to 2021, production growth remained at a lower figure.

The average yield of flax, tow and waste in South Korea totaled less than X kg per ha in 2021, approximately reflecting 2020. Over the period under review, the yield saw 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, the total area harvested in terms of flax, tow and waste production in South Korea amounted to less than X ha, standing approx. at 2020 figures. Overall, the harvested area showed a relatively flat trend pattern.

Exports of Flax, Tow And Waste

Exports from Republic of Korea

In 2021, the amount of flax, tow and waste exported from South Korea shrank to X kg, falling by -X% compared with the previous year. Over the period under review, exports saw a dramatic descent. The most prominent rate of growth was recorded in 2018 when exports increased by X%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, flax, tow and waste exports declined to $X in 2021. In general, exports recorded a sharp slump. The growth pace was the most rapid in 2020 when exports increased by X% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

Australia (X kg) was the main destination for flax, tow and waste exports from South Korea, accounting for a approx. X% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Australia amounted to -X%.

In value terms, Australia ($X) also remains the key foreign market for flax, tow and waste exports from South Korea.

From 2012 to 2021, the average annual growth rate of value to Australia stood at -X%.

Export Prices by Country

The average flax, tow and waste export price stood at $X per ton in 2021, leveling off at the previous year. Overall, the export price, however, showed a resilient expansion. The pace of growth appeared the most rapid in 2019 an increase of X%. The export price peaked at $X per ton in 2015; however, from 2016 to 2021, the export prices failed to regain momentum.

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

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

Imports of Flax, Tow And Waste

Imports into Republic of Korea

In 2021, supplies from abroad of flax, tow and waste was finally on the rise to reach X kg after four years of decline. Over the period under review, imports, however, showed a precipitous decrease. The pace of growth was the most pronounced in 2014 with an increase of X%. As a result, imports attained the peak of X tons. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, flax, tow and waste imports skyrocketed to $X in 2021. Overall, imports, however, continue to indicate a dramatic decrease. The pace of growth appeared the most rapid in 2014 when imports increased by X%. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, China (X kg) was the main supplier of flax, tow and waste to South Korea, accounting for a approx. X% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at -X%.

In value terms, China ($X) constituted the largest supplier of flax, tow and waste to South Korea.

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

Import Prices by Country

The average flax, tow and waste import price stood at $X per ton in 2021, reducing by -X% against the previous year. Overall, the import price, however, showed a remarkable increase. The most prominent rate of growth was recorded in 2014 an increase of X%. The import price peaked at $X per ton in 2020, and then contracted in the following year.

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

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

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Frequently Asked Questions (FAQ) :

What are the largest markets for flax, tow and waste in the world?

The countries with the highest volumes of flax, tow and waste consumption in 2021 were China, France and Canada, with a combined 74% share of global consumption.

What are the largest producers of flax, tow and waste in the world?

France remains the largest flax, tow and waste producing country worldwide, comprising approx. 54% of total volume. Moreover, flax, tow and waste production in France exceeded the figures recorded by the second-largest producer, Belgium, threefold. Canada ranked third in terms of total production with a 17% share.

What are the leading suppliers of flax, tow and waste to Republic of Korea?

In value terms, China constituted the largest supplier of flax, tow and waste to South Korea.

What are the leading importers of flax, tow and waste from Republic of Korea?

In value terms, Australia remains the key foreign market for flax, tow and waste exports from South Korea.

What is the average export price for flax, tow and waste in Republic of Korea?

The average flax, tow and waste export price stood at $2,766 per ton in 2021, almost unchanged from the previous year.

What is the average import price for flax, tow and waste in Republic of Korea?

In 2021, the average flax, tow and waste import price amounted to $9,448 per ton, which is down by -8.4% against the previous year.

This report provides an in-depth analysis of the market for flax, tow and waste 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 774 - Flax tow and waste

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