Republic of Korea: Metallised Yarn Market 2024

Metallised Yarn Market Size in Republic of Korea

The South Korean metallised yarn market reduced modestly to $X in 2022, waning by X% against the previous year. In general, consumption, however, enjoyed resilient growth. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market failed to regain momentum.

Metallised Yarn Production in Republic of Korea

In value terms, metallised yarn production reduced modestly to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a tangible expansion. The pace of growth appeared the most rapid in 2016 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2017 to 2022, production growth remained at a lower figure.

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Metallised Yarn Exports

Exports from Republic of Korea

In 2022, metallised yarn exports from South Korea reduced rapidly to X tons, falling by X% compared with the year before. Overall, exports saw a abrupt curtailment. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, metallised yarn exports shrank to $X in 2022. Over the period under review, exports recorded a abrupt decline. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Thailand (X tons) was the main destination for metallised yarn exports from South Korea, accounting for a X% share of total exports. Moreover, metallised yarn exports to Thailand exceeded the volume sent to the second major destination, China (X tons), twofold. Vietnam (X tons) ranked third in terms of total exports with a X% share.

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

In value terms, China ($X), Thailand ($X) and Vietnam ($X) appeared to be the largest markets for metallised yarn exported from South Korea worldwide, with a combined X% share of total exports. Indonesia, Morocco, Mexico, Sri Lanka, India, Russia, South Africa, the United Arab Emirates and the United States lagged somewhat behind, together comprising a further X%.

Sri Lanka, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of 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 metallised yarn export price amounted to $X per ton, rising by X% against the previous year. Over the period under review, export price indicated a prominent expansion from 2012 to 2022: its price 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, metallised yarn export price decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Mexico ($X per ton), while the average price for exports to Russia ($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 Vietnam (X%), while the prices for the other major destinations experienced more modest paces of growth.

Metallised Yarn Imports

Imports into Republic of Korea

In 2022, the amount of metallised yarn and strip imported into South Korea reduced rapidly to X tons, shrinking by X% on the previous year's figure. Overall, imports saw a pronounced slump. The pace of growth was the most pronounced in 2019 when imports increased by X%. Over the period under review, imports reached the maximum at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, metallised yarn imports fell rapidly to $X in 2022. In general, imports saw a abrupt descent. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of metallised yarn to South Korea, with a X% share of total imports. Moreover, metallised yarn imports from China exceeded the figures recorded by the second-largest supplier, Belgium (X tons), sevenfold. The third position in this ranking was held by Italy (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (X% per year) and Italy (X% per year).

In value terms, China ($X) constituted the largest supplier of metallised yarn and strip to South Korea, comprising X% of total imports. The second position in the ranking was held by Italy ($X), with a X% share of total imports. It was followed by Belgium, with a X% share.

From 2012 to 2022, the average annual growth rate of value from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and Belgium (X% per year).

Import Prices by Country

The average metallised yarn import price stood at $X per ton in 2022, shrinking by X% against the previous year. Overall, the import price recorded a noticeable downturn. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. The import price peaked at $X per ton in 2021, and then declined markedly in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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