Report Update Apr 1, 2024

Republic of Korea - Yarn Spun From Silk Waste - Market Analysis, Forecast, Size, Trends and Insights

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Republic of Korea: Spun Yarn Market 2021

Spun Yarn Market Size in Republic of Korea

For the third consecutive year, the South Korean spun yarn market recorded decline in sales value, which decreased by -X% to $X in 2019. Overall, consumption showed a dramatic decrease. The pace of growth appeared the most rapid in 2016 when the market value increased by X% against the previous year. Over the period under review, the market attained the maximum level at $X in 2007; however, from 2008 to 2019, consumption failed to regain the momentum.

Spun Yarn Exports

Exports from Republic of Korea

In 2019, overseas shipments of yarn spun from silk waste increased by X% to X tons for the first time since 2015, thus ending a three-year declining trend. Over the period under review, exports, however, saw a pronounced setback. The most prominent rate of growth was recorded in 2009 when exports increased by X% against the previous year. Exports peaked at X tons in 2015; however, from 2016 to 2019, exports stood at a somewhat lower figure.

In value terms, spun yarn exports declined notably to $X in 2019. In general, exports, however, continue to indicate a dramatic curtailment. The growth pace was the most rapid in 2009 when exports increased by X% year-to-year. Over the period under review, exports attained the maximum at $X in 2013; however, from 2014 to 2019, exports remained at a lower figure.

Exports by Country

Singapore (X tons) was the main destination for spun yarn exports from South Korea, with a X% share of total exports. Moreover, spun yarn exports to Singapore exceeded the volume sent to the second major destination, Indonesia (X kg), fivefold.

From 2007 to 2019, the average annual growth rate of volume to Singapore stood at +X%.

In value terms, Singapore ($X) and Indonesia ($X) were the largest markets for spun yarn exported from South Korea worldwide.

In terms of the main countries of destination, Indonesia recorded the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

The average spun yarn export price stood at $X per ton in 2019, shrinking by -X% against the previous year. In general, the export price recorded a deep slump. The growth pace was the most rapid in 2013 an increase of X% against the previous year. Over the period under review, average export prices attained the maximum at $X per ton in 2014; however, from 2015 to 2019, export prices failed to regain the momentum.

Prices varied noticeably by the country of destination; the country with the highest price was Indonesia ($X per ton), while the average price for exports to Singapore amounted to $X per ton.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia.

Spun Yarn Imports

Imports into Republic of Korea

In 2019, the amount of yarn spun from silk waste imported into South Korea dropped remarkably to X tons, which is down by -X% against the year before. In general, imports saw a dramatic slump. The growth pace was the most rapid in 2016 when imports increased by X% y-o-y. Imports peaked at X tons in 2007; however, from 2008 to 2019, imports failed to regain the momentum.

In value terms, spun yarn imports fell to $X in 2019. Overall, imports saw a precipitous descent. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. Imports peaked at $X in 2007; however, from 2008 to 2019, imports stood at a somewhat lower figure.

Imports by Country

In 2019, China (X tons) constituted the largest spun yarn supplier to South Korea, accounting for a X% share of total imports. Moreover, spun yarn imports from China exceeded the figures recorded by the second-largest supplier, Italy (X tons), fivefold.

From 2007 to 2019, the average annual rate of growth in terms of volume from China totaled -X%.

In value terms, China ($X) constituted the largest supplier of spun yarn to South Korea, comprising X% of total imports. The second position in the ranking was occupied by Italy ($X), with a X% share of total imports.

From 2007 to 2019, the average annual growth rate of value from China totaled -X%.

Import Prices by Country

In 2019, the average spun yarn import price amounted to $X per ton, rising by X% against the previous year. Over the period under review, import price indicated a moderate increase from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2011 an increase of X% y-o-y. The import price peaked in 2019 and is expected to retain growth in the near future.

Prices varied noticeably by the country of origin; the country with the highest price was Italy ($X per ton), while the price for China stood at $X per ton.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by China.

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Frequently Asked Questions (FAQ) :

What are the largest markets for yarn spun from silk waste in the world?

The country with the largest volume of spun yarn consumption was China, accounting for 72% of total volume. Moreover, spun yarn consumption in China exceeded the figures recorded by the second-largest consumer, Italy, tenfold. Japan ranked third in terms of total consumption with a 4.8% share.

What are the largest producers of yarn spun from silk waste in the world?

China remains the largest spun yarn producing country worldwide, accounting for 92% of total volume. Moreover, spun yarn production in China exceeded the figures recorded by the second-largest producer, Thailand, more than tenfold.

What are the leading suppliers of yarn spun from silk waste to Republic of Korea?

In value terms, China constituted the largest supplier of spun yarn to South Korea, comprising 76% of total imports. The second position in the ranking was occupied by Italy, with a 23% share of total imports.

What are the leading importers of yarn spun from silk waste from Republic of Korea?

In value terms, the largest markets for spun yarn exported from South Korea were Singapore and Indonesia.

What is the average export price for yarn spun from silk waste in Republic of Korea?

In 2019, the average spun yarn export price amounted to $2,695 per ton, shrinking by -81.7% against the previous year.

What is the average import price for yarn spun from silk waste in Republic of Korea?

In 2019, the average spun yarn import price amounted to $56,527 per ton, growing by 28% against the previous year.

This report provides an in-depth analysis of the spun yarn 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.

Product coverage:

Prodcom 13104030 - Yarn spun from silk waste, n.p.r.s.

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:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
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. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023