Republic of Korea: Toothpaste Market 2022

Toothpaste Market Size in Republic of Korea

The South Korean toothpaste market declined to $X in 2021, which is down by -X% against the previous year. Overall, consumption recorded a noticeable decrease. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Toothpaste Production in Republic of Korea

In value terms, toothpaste production dropped to $X in 2021 estimated in export price. In general, production continues to indicate a noticeable reduction. 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 reached the peak level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Toothpaste Exports

Exports from Republic of Korea

In 2021, after three years of growth, there was decline in overseas shipments of toothpaste, denture cleaners and other dentifrices, when their volume decreased by -X% to X tons. Over the period under review, exports, however, saw a prominent increase. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. The exports peaked at X tons in 2020, and then fell slightly in the following year.

In value terms, toothpaste exports contracted to $X in 2021. Overall, exports, however, enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. The exports peaked at $X in 2020, and then shrank in the following year.

Exports by Country

China (X tons) was the main destination for toothpaste exports from South Korea, accounting for a X% share of total exports. Moreover, toothpaste exports to China exceeded the volume sent to the second major destination, Russia (X tons), fourfold. Taiwan (Chinese) (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to China totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (+X% per year) and Taiwan (Chinese) (+X% per year).

In value terms, China ($X) remains the key foreign market for toothpaste exports from South Korea, comprising X% of total exports. The second position in the ranking was held by Russia ($X), with a X% share of total exports. It was followed by Taiwan (Chinese), with a X% share.

From 2012 to 2021, the average annual growth rate of value to China amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (+X% per year) and Taiwan (Chinese) (+X% per year).

Export Prices by Country

In 2021, the average toothpaste export price amounted to $X per ton, with a decrease of -X% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2019 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2020, and then dropped modestly in the following year.

Prices varied noticeably country of destination: the country with the highest price was the United States ($X per ton), while the average price for exports to Iran ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Toothpaste Imports

Imports into Republic of Korea

After two years of growth, overseas purchases of toothpaste, denture cleaners and other dentifrices decreased by -X% to X tons in 2021. Overall, imports, however, continue to indicate prominent growth. The growth pace was the most rapid in 2017 when imports increased by X%. Imports peaked at X tons in 2020, and then declined modestly in the following year.

In value terms, toothpaste imports contracted to $X in 2021. Over the period under review, imports, however, recorded a resilient increase. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2018 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of toothpaste to South Korea, accounting for a X% share of total imports. Moreover, toothpaste imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), twofold. The third position in this ranking was taken by Thailand (X tons), with an X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+X% per year) and Thailand (+X% per year).

In value terms, Thailand ($X), the United States ($X) and China ($X) appeared to be the largest toothpaste suppliers to South Korea, with a combined X% share of total imports.

China, with a CAGR of +X%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average toothpaste import price amounted to $X per ton, standing approx. at the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 an increase of X% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

Prices varied noticeably countryorigin: the country with the highest price was Germany ($X per ton), while the price for Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Market Intelligence Platform

Frequently Asked Questions (FAQ) :