Republic of Korea: Market for Plastic Shutters And Blinds 2024

Market Size for Plastic Shutters And Blinds in Republic of Korea

The South Korean plastic shutters and blinds market amounted to $X in 2022, with an increase of X% against the previous year. In general, the total consumption indicated a moderate increase 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, consumption decreased by X% against 2020 indices. Plastic shutters and blinds consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Production of Plastic Shutters And Blinds in Republic of Korea

In value terms, plastic shutters and blinds production reached $X in 2022 estimated in export price. Over the period under review, the total production indicated perceptible growth 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, production decreased by X% against 2020 indices. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. Plastic shutters and blinds production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

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Exports of Plastic Shutters And Blinds

Exports from Republic of Korea

Plastic shutters and blinds exports from South Korea reduced to X units in 2022, with a decrease of X% against the previous year's figure. Overall, exports, however, posted prominent growth. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, the exports attained the peak of X units, and then fell in the following year.

In value terms, plastic shutters and blinds exports dropped to $X in 2022. In general, exports, however, posted a remarkable increase. The most prominent rate of growth was recorded in 2019 with an increase of X%. The exports peaked at $X in 2021, and then shrank modestly in the following year.

Exports by Country

Thailand (X units), Australia (X units) and the United States (X units) were the main destinations of plastic shutters and blinds exports from South Korea, together accounting for X% of total exports. South Africa, Canada, Vietnam, Taiwan (Chinese), China, New Zealand, Singapore, the Philippines, India and Japan 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 Vietnam (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Canada ($X) and Thailand ($X) appeared to be the largest markets for plastic shutters and blinds exported from South Korea worldwide, together comprising X% of total exports. Vietnam, Australia, China, Taiwan (Chinese), South Africa, Japan, the Philippines, Singapore, India and New Zealand lagged somewhat behind, together accounting for a further X%.

Vietnam, with a CAGR of X%, saw the highest growth rate of 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 plastic shutters and blinds export price amounted to $X per unit, growing by X% against the previous year. In general, the export price, however, recorded a pronounced shrinkage. The growth pace was the most rapid in 2020 when the average export price increased by X%. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

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 the United States ($X per unit), while the average price for exports to South Africa ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Plastic Shutters And Blinds

Imports into Republic of Korea

In 2022, plastic shutters and blinds imports into South Korea reduced notably to X units, waning by X% against 2021. In general, imports saw a pronounced decline. The pace of growth was the most pronounced in 2016 when imports increased by X% against the previous year. Imports peaked at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, plastic shutters and blinds imports dropped sharply to $X in 2022. Overall, imports saw a pronounced decline. The most prominent rate of growth was recorded in 2016 with an increase of X%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest plastic shutters and blinds supplier to South Korea, with a X% share of total imports. Moreover, plastic shutters and blinds imports from China exceeded the figures recorded by the second-largest supplier, Vietnam (X units), more than tenfold. The third position in this ranking was taken by Belgium (X units), 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: Vietnam (X% per year) and Belgium (X% per year).

In value terms, China ($X) constituted the largest supplier of plastic shutters and blinds to South Korea, comprising X% of total imports. The second position in the ranking was taken by Belgium ($X), with a X% share of total imports. It was followed by Germany, with a X% share.

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

Import Prices by Country

In 2022, the average plastic shutters and blinds import price amounted to $X per unit, picking up by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The growth pace was the most rapid in 2016 an increase of X% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per unit), while the price for Vietnam ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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