Republic of Korea: Uncoated Filter Paper Market 2024

Uncoated Filter Paper Market Size in Republic of Korea

In 2022, after four years of decline, there was growth in the South Korean uncoated filter paper market, when its value increased by 2.9% to $X. In general, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Uncoated Filter Paper Production in Republic of Korea

In value terms, uncoated filter paper production dropped slightly to $X in 2022 estimated in export price. In general, the total production indicated a mild increase from 2012 to 2022: its value increased at an average annual rate of +1.6% 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 +0.3% against 2020 indices. The growth pace was the most rapid in 2014 when the production volume increased by 20% against the previous year. Uncoated filter paper production peaked at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Uncoated Filter Paper Exports

Exports from Republic of Korea

In 2022, exports of uncoated filter paper and paperboard from South Korea declined significantly to X tons, waning by -21% on the previous year. In general, total exports indicated perceptible growth from 2012 to 2022: its volume increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +2.9% against 2020 indices. The pace of growth was the most pronounced in 2021 when exports increased by 30% against the previous year. As a result, the exports attained the peak of X tons, and then shrank notably in the following year.

In value terms, uncoated filter paper exports dropped remarkably to $X in 2022. Overall, exports, however, continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2016 with an increase of 41% against the previous year. Over the period under review, the exports reached the maximum at $X in 2021, and then contracted markedly in the following year.

Exports by Country

Indonesia (X tons) was the main destination for uncoated filter paper exports from South Korea, with a 78% share of total exports. Moreover, uncoated filter paper exports to Indonesia exceeded the volume sent to the second major destination, China (X tons), ninefold. Japan (X tons) ranked third in terms of total exports with a 5.1% share.

From 2012 to 2022, the average annual growth rate of volume to Indonesia amounted to +9.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-8.9% per year) and Japan (+36.3% per year).

In value terms, Indonesia ($X) remains the key foreign market for uncoated filter paper and paperboard exports from South Korea, comprising 81% of total exports. The second position in the ranking was held by China ($X), with a 7.3% share of total exports. It was followed by Vietnam, with a 3.2% share.

From 2012 to 2022, the average annual growth rate of value to Indonesia totaled +12.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-8.1% per year) and Vietnam (+4.6% per year).

Export Prices by Country

The average uncoated filter paper export price stood at $X per ton in 2022, dropping by -2.8% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.5%. The pace of growth appeared the most rapid in 2020 when the average export price increased by 20%. As a result, the export price attained the peak level of $X per ton. From 2021 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 ($X per ton), while the average price for exports to Japan ($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 Indonesia (+2.7%), while the prices for the other major destinations experienced more modest paces of growth.

Uncoated Filter Paper Imports

Imports into Republic of Korea

After two years of decline, supplies from abroad of uncoated filter paper and paperboard increased by 36% to X tons in 2022. Over the period under review, imports continue to indicate a relatively flat trend pattern. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, uncoated filter paper imports skyrocketed to $X in 2022. In general, total imports indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +65.1% against 2016 indices. The growth pace was the most rapid in 2013 with an increase of 39%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

In 2022, China (X tons) constituted the largest uncoated filter paper supplier to South Korea, accounting for a 49% share of total imports. Moreover, uncoated filter paper imports from China exceeded the figures recorded by the second-largest supplier, Spain (X tons), twofold. The United States (X tons) ranked third in terms of total imports with a 16% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at -2.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+30.8% per year) and the United States (-5.2% per year).

In value terms, the largest uncoated filter paper suppliers to South Korea were the United States ($X), China ($X) and Germany ($X), together comprising 82% of total imports.

In terms of the main suppliers, Germany, with a CAGR of +38.6%, 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

The average uncoated filter paper import price stood at $X per ton in 2022, declining by -13.6% against the previous year. In general, import price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 when the average import price increased by 26% against the previous year. The import price peaked at $X per ton in 2021, and then declined in the following year.

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 (+10.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :