Republic of Korea: Market for High-Tenacity Filament Yarn Of Polyesters 2024

Market Size for High-Tenacity Filament Yarn Of Polyesters in Republic of Korea

In 2022, the South Korean high-tenacity filament polyester yarn market increased by X% to $X, rising for the second year in a row after two years of decline. In general, consumption showed a strong increase. High-tenacity filament polyester yarn consumption peaked in 2022 and is likely to see steady growth in the near future.

Production of High-Tenacity Filament Yarn Of Polyesters in Republic of Korea

In value terms, high-tenacity filament polyester yarn production fell to $X in 2022 estimated in export price. Overall, production continues to indicate a abrupt contraction. The pace of growth was the most pronounced in 2021 when the production volume increased by X% against the previous year. High-tenacity filament polyester yarn production peaked at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Exports of High-Tenacity Filament Yarn Of Polyesters

Exports from Republic of Korea

In 2022, approx. X tons of high-tenacity filament yarn of polyesters were exported from South Korea; shrinking by X% on the previous year. Over the period under review, exports recorded a abrupt curtailment. The growth pace was the most rapid in 2018 with an increase of X%. As a result, the exports reached the peak of X tons. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, high-tenacity filament polyester yarn exports reduced dramatically to $X in 2022. Overall, exports saw a abrupt decrease. The most prominent rate of growth was recorded in 2018 when exports increased by X%. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United States (X tons), Romania (X tons) and the Philippines (X tons) were the main destinations of high-tenacity filament polyester yarn exports from South Korea, with a combined X% share of total exports. Belgium, Poland, Germany, Argentina, Mexico, Brazil, Japan, Italy, China and the Czech Republic lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Argentina (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Romania ($X) and Germany ($X) were the largest markets for high-tenacity filament polyester yarn exported from South Korea worldwide, with a combined X% share of total exports. Poland, the Philippines, Belgium, Mexico, Argentina, China, Italy, Brazil, Japan and the Czech Republic lagged somewhat behind, together comprising a further X%.

Argentina, 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 more modest paces of growth.

Export Prices by Country

The average high-tenacity filament polyester yarn export price stood at $X per ton in 2022, jumping by X% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the 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 China ($X per ton), while the average price for exports to the Philippines ($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 China (X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of High-Tenacity Filament Yarn Of Polyesters

Imports into Republic of Korea

In 2022, after three years of growth, there was decline in supplies from abroad of high-tenacity filament yarn of polyesters, when their volume decreased by X% to X tons. In general, imports, however, continue to indicate strong growth. The growth pace was the most rapid in 2014 when imports increased by X% against the previous year. Imports peaked at X tons in 2021, and then shrank in the following year.

In value terms, high-tenacity filament polyester yarn imports expanded notably to $X in 2022. Over the period under review, total imports indicated a prominent expansion 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 most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.

Imports by Country

In 2022, China (X tons) constituted the largest high-tenacity filament polyester yarn supplier to South Korea, with a X% share of total imports. Moreover, high-tenacity filament polyester yarn imports from China exceeded the figures recorded by the second-largest supplier, Vietnam (X tons), fourfold.

From 2012 to 2022, the average annual growth rate of volume from China amounted to X%.

In value terms, China ($X) constituted the largest supplier of high-tenacity filament yarn of polyesters to South Korea, comprising X% of total imports. The second position in the ranking was held by Vietnam ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China totaled X%.

Import Prices by Country

The average high-tenacity filament polyester yarn import price stood at $X per ton in 2022, rising by X% against the previous year. In general, the import price, however, showed a noticeable reduction. The most prominent rate of growth was recorded in 2018 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Vietnam ($X per ton), while the price for China stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :