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Republic of Korea - Slag Wool, Rock Wool And Similar Mineral Wools And Mixtures - Market Analysis, Forecast, Size, Trends And Insights
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Republic of Korea: Mineral Wool Market Overview 2021

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Mineral Wool Market Size in Republic of Korea

In 2020, the South Korean mineral wool market increased by X% to $X, rising for the second year in a row after two years of decline. The market value increased at an average annual rate of +X% over the period from 2007 to 2020; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2008 when the market value increased by X% year-to-year. Mineral wool consumption peaked at $X in 2016; however, from 2017 to 2020, consumption remained at a lower figure.

Mineral Wool Production in Republic of Korea

In value terms, mineral wool production stood at $X in 2020 estimated in export prices. Overall, the total production indicated a measured expansion from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, production increased by +X% against 2018 indices. The pace of growth appeared the most rapid in 2008 when the production volume increased by X% year-to-year. Mineral wool production peaked at $X in 2016; however, from 2017 to 2020, production remained at a lower figure.

Mineral Wool Exports

Exports from Republic of Korea

In 2020, shipments abroad of slag wool, rock wool and similar mineral wools and mixtures decreased by -X% to X tonnes, falling for the second year in a row after four years of growth. Over the period under review, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2009 with an increase of X% y-o-y. Over the period under review, exports reached the maximum at X tonnes in 2018; however, from 2019 to 2020, exports stood at a somewhat lower figure.

In value terms, mineral wool exports reduced markedly to $X in 2020. In general, exports continue to indicate a mild increase. The most prominent rate of growth was recorded in 2009 with an increase of X% year-to-year. Over the period under review, exports reached the peak figure at $X in 2018; however, from 2019 to 2020, exports remained at a lower figure.

Exports by Country

Japan (X tonnes) was the main destination for mineral wool exports from South Korea, accounting for a X% share of total exports. Moreover, mineral wool exports to Japan exceeded the volume sent to the second major destination, Viet Nam (X tonnes), fourfold. The third position in this ranking was occupied by Taiwan (Chinese) (X tonnes), with a X% share.

From 2007 to 2020, the average annual growth rate of volume to Japan stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Viet Nam (+X% per year) and Taiwan (Chinese) (-X% per year).

In value terms, Japan ($X), Viet Nam ($X) and the United Arab Emirates ($X) constituted the largest markets for mineral wool exported from South Korea worldwide, with a combined X% share of total exports. Libya, China, Taiwan (Chinese), Indonesia, Nigeria, New Zealand, Thailand, Algeria and Italy lagged somewhat behind, together comprising a further X the main countries of destination, Libya saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2020, the average mineral wool export price amounted to $X per tonne, shrinking by -X% against the previous year. Over the period from 2007 to 2020, it increased at an average annual rate of +X%. The pace of growth was the most pronounced in 2009 when the average export price increased by X% against the previous year. The export price peaked at $X per tonne in 2016; however, from 2017 to 2020, export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2020, the country with the highest price was the United Arab Emirates ($X per tonne), while the average price for exports to New Zealand ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates, while the prices for the other major destinations experienced more modest paces of growth.

Mineral Wool Imports

Imports into Republic of Korea

In 2020, supplies from abroad of slag wool, rock wool and similar mineral wools and mixtures increased by X% to X tonnes, rising for the second year in a row after two years of decline. Overall, imports, however, showed a pronounced shrinkage. The pace of growth was the most pronounced in 2019 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at X tonnes in 2007; however, from 2008 to 2020, imports remained at a lower figure.

In value terms, mineral wool imports contracted markedly to $X in 2020. In general, imports, however, recorded a prominent increase. The pace of growth appeared the most rapid in 2019 when imports increased by X% against the previous year. As a result, imports reached the peak of $X, and then declined rapidly in the following year.

Imports by Country

In 2020, China (X tonnes) constituted the largest supplier of mineral wool to South Korea, with a X% share of total imports. Moreover, mineral wool imports from China exceeded the figures recorded by the second-largest supplier, the Netherlands (X tonnes), eightfold. The third position in this ranking was occupied by France (X tonnes), with a X% share.

From 2007 to 2020, 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: the Netherlands (+X% per year) and France (+X% per year).

In value terms, Japan ($X), China ($X) and the Netherlands ($X) were the largest mineral wool suppliers to South Korea, with a combined X% share of total imports. These countries were followed by France, Belgium, Denmark and Poland, which together accounted for a further X terms of the main suppliers, Belgium saw the highest growth rate of 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 2020, the average mineral wool import price amounted to $X per tonne, shrinking by -X% against the previous year. Overall, the import price, however, continues to indicate a prominent increase. The most prominent rate of growth was recorded in 2008 when the average import price increased by X% y-o-y. Over the period under review, average import prices hit record highs at $X per tonne in 2019, and then shrank markedly in the following year.

Prices varied noticeably by the country of origin; the country with the highest price was Japan ($X per tonne), while the price for China ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Japan, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for slag wool, rock wool and similar mineral wools and mixtures in the world?
+
The countries with the highest volumes of mineral wool consumption in 2020 were China (7.3M tonnes), the U.S. (4M tonnes) and India (2.9M tonnes), together comprising 52% of global consumption.
What are the largest producers of slag wool, rock wool and similar mineral wools and mixtures in the world?
+
The countries with the highest volumes of mineral wool production in 2020 were China (7.5M tonnes), the U.S. (3.9M tonnes) and India (2.9M tonnes), together accounting for 53% of global production.
What are the leading suppliers of slag wool, rock wool and similar mineral wools and mixtures to Republic of Korea?
+
In value terms, the largest mineral wool suppliers to South Korea were Japan ($18M), China ($12M) and the Netherlands ($2.4M), together accounting for 77% of total imports. These countries were followed by France, Belgium, Denmark and Poland, which together accounted for a further 9.1%.
What are the leading importers of slag wool, rock wool and similar mineral wools and mixtures from Republic of Korea?
+
In value terms, Japan ($2.8M), Viet Nam ($1.6M) and the United Arab Emirates ($1.2M) constituted the largest markets for mineral wool exported from South Korea worldwide, with a combined 55% share of total exports. These countries were followed by Libya, China, Taiwan (Chinese), Indonesia, Nigeria, New Zealand, Thailand, Algeria and Italy, which together accounted for a further 24%.
What is the average export price for slag wool, rock wool and similar mineral wools and mixtures in Republic of Korea?
+
The average mineral wool export price stood at $2,126 per tonne in 2020, reducing by -8.8% against the previous year.
What is the average import price for slag wool, rock wool and similar mineral wools and mixtures in Republic of Korea?
+
The average mineral wool import price stood at $3,332 per tonne in 2020, with a decrease of -22.8% against the previous year.

Product coverage:
• Prodcom 23991910 - Slag wool, rock wool and similar mineral wools and mixtures thereof, in bulk, sheets or rolls

This report provides an in-depth analysis of the mineral wool market in Republic of Korea. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.


Country coverage:
• South Korea

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Republic of Korea
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2020
Figure 21:
Production, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, 2007–2020
Figure 23:
Imports, In Value Terms, 2007–2020
Figure 24:
Imports, In Physical Terms, By Country, 2020
Figure 25:
Imports, In Physical Terms, By Country, 2007–2020
Figure 26:
Imports, In Value Terms, By Country, 2007–2020
Figure 27:
Import Prices, By Country Of Origin, 2007–2020
Figure 28:
Exports, In Physical Terms, 2007–2020
Figure 29:
Exports, In Value Terms, 2007–2020
Figure 30:
Exports, In Physical Terms, By Country, 2020
Figure 31:
Exports, In Physical Terms, By Country, 2007–2020
Figure 32:
Exports, In Value Terms, By Country, 2007–2020
Figure 33:
Export Prices, By Country Of Destination, 2007–2020

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