Republic of Korea: Market for Rigid Tubes, Pipes And Hoses Of Polymers Of Ethylene 2024

Market Size for Rigid Tubes, Pipes And Hoses Of Polymers Of Ethylene in Republic of Korea

The South Korean ethylene polymer rigid pipes market expanded significantly to $X in 2022, increasing by X% against the previous year. Overall, the total consumption indicated a strong 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, consumption decreased by X% against 2020 indices. Ethylene polymer rigid pipes consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Production of Rigid Tubes, Pipes And Hoses Of Polymers Of Ethylene in Republic of Korea

In value terms, ethylene polymer rigid pipes production rose modestly to $X in 2022 estimated in export price. Over the period under review, the total production indicated a strong 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, production decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. Ethylene polymer rigid pipes production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

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Exports of Rigid Tubes, Pipes And Hoses Of Polymers Of Ethylene

Exports from Republic of Korea

After two years of growth, shipments abroad of rigid tubes, pipes and hoses of polymers of ethylene decreased by X% to X tons in 2022. In general, exports showed a perceptible contraction. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, ethylene polymer rigid pipes exports contracted significantly to $X in 2022. Over the period under review, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 when exports increased by X%. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The Philippines (X tons) was the main destination for ethylene polymer rigid pipes exports from South Korea, accounting for a X% share of total exports. Moreover, ethylene polymer rigid pipes exports to the Philippines exceeded the volume sent to the second major destination, Japan (X tons), fivefold. Bangladesh (X tons) ranked third in terms of total exports with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the Philippines stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (X% per year) and Bangladesh (X% per year).

In value terms, the Philippines ($X) remains the key foreign market for rigid tubes, pipes and hoses of polymers of ethylene exports from South Korea, comprising X% of total exports. The second position in the ranking was held by Japan ($X), with a X% share of total exports. It was followed by Bangladesh, with a X% share.

From 2012 to 2022, the average annual growth rate of value to the Philippines stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (X% per year) and Bangladesh (X% per year).

Export Prices by Country

The average ethylene polymer rigid pipes export price stood at $X per ton in 2022, growing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2015 an increase of X%. As a result, the export price attained the peak level of $X per ton. From 2016 to 2022, the average 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 Vietnam ($X per ton), while the average price for exports to Costa Rica ($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 Sri Lanka (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Rigid Tubes, Pipes And Hoses Of Polymers Of Ethylene

Imports into Republic of Korea

In 2022, purchases abroad of rigid tubes, pipes and hoses of polymers of ethylene decreased by X% to X tons, falling for the second consecutive year after seven years of growth. Overall, imports, however, recorded a strong increase. The most prominent rate of growth was recorded in 2016 with an increase of X%. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, ethylene polymer rigid pipes imports shrank to $X in 2022. Over the period under review, imports, however, showed strong growth. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2017 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Italy (X tons), China (X tons) and the United States (X tons) were the main suppliers of ethylene polymer rigid pipes imports to South Korea, with a combined X% share of total imports. Germany, Israel, the UK, Spain and Turkey lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Israel (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Italy ($X) and China ($X) constituted the largest ethylene polymer rigid pipes suppliers to South Korea, with a combined X% share of total imports. Germany, the UK, Israel, Spain and Turkey lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Israel, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average ethylene polymer rigid pipes import price amounted to $X per ton, flattening at the previous year. In general, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 an increase of X%. As a result, import price reached the peak level of $X per ton. From 2017 to 2022, the average import prices remained at a lower figure.

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 the United States ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2022, 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 more modest paces of growth.

Source: IndexBox Platform