Republic of Korea - High-Tenacity Filament Yarn Of Aramids - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for High-Tenacity Filament Aramids Yarn in South Korea - 2022
Contents:
- Price for High-Tenacity Filament Aramids Yarn in South Korea (FOB) - 2022
- Price for High-Tenacity Filament Aramids Yarn in South Korea (CIF) - 2022
- Exports of High-Tenacity Filament Aramids Yarn in South Korea
- Imports of High-Tenacity Filament Aramids Yarn in South Korea
Price for High-Tenacity Filament Aramids Yarn in South Korea (FOB) - 2022
The average high-tenacity filament aramids yarn export price stood at $22,494 per ton in December 2022, shrinking by -2.7% against the previous month. In general, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in September 2022 an increase of 3.7% month-to-month. The export price peaked at $23,564 per ton in October 2022; however, from November 2022 to December 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Italy ($24,133 per ton), while the average price for exports to Germany ($13,154 per ton) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+1.5%), while the prices for the other major destinations experienced more modest paces of growth.
Price for High-Tenacity Filament Aramids Yarn in South Korea (CIF) - 2022
In December 2022, the average high-tenacity filament aramids yarn import price amounted to $40,838 per ton, picking up by 25% against the previous month. In general, import price indicated a perceptible expansion from December 2021 to December 2022: its price increased at an average monthly rate of +3.7% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2022 figures, high-tenacity filament aramids yarn import price increased by +62.8% against July 2022 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by the country of origin: the country with the highest price was the UK ($78,670 per ton), while the price for China ($24,177 per ton) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by the UK (+5.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of High-Tenacity Filament Aramids Yarn in South Korea
For the fourth consecutive year, South Korea recorded growth in overseas shipments of high-tenacity filament yarn of aramids, which increased by 15% to 9K tons in 2022. Over the period under review, total exports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +16.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +56.2% against 2019 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 27% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in years to come.
In value terms, high-tenacity filament aramids yarn exports skyrocketed to $206M in 2022. In general, total exports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +15.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +55.0% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 28%. The exports peaked in 2022 and are likely to see steady growth in the near future.
| Export of High-Tenacity Filament Aramids Yarn in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 24.6 | 30.2 | 40.8 | 67.5 | 40.0% |
| China | 32.6 | 43.7 | 30.7 | 33.6 | 1.0% |
| Netherlands | 5.4 | 3.4 | 11.2 | 13.7 | 36.4% |
| Belgium | 2.3 | 2.7 | 12.4 | 13.7 | 81.3% |
| India | 6.9 | 8.2 | 10.5 | 12.4 | 21.6% |
| Italy | 5.7 | 4.2 | 6.7 | 8.0 | 12.0% |
| Poland | 3.8 | 2.8 | 6.1 | 6.6 | 20.2% |
| Turkey | 5.8 | 3.7 | 7.1 | 6.5 | 3.9% |
| Spain | 6.7 | 3.8 | 8.0 | 6.3 | -2.0% |
| Brazil | 4.7 | 5.5 | 6.0 | 5.3 | 4.1% |
| Germany | 4.9 | 5.9 | 6.3 | 3.9 | -7.3% |
| Vietnam | 3.9 | 1.2 | 2.0 | 3.4 | -4.5% |
| Romania | N/A | N/A | 2.3 | 3.3 | 43.5% |
| Others | 25.8 | 19.6 | 23.3 | 22.0 | -5.2% |
| Total | 133 | 135 | 173 | 206 | 15.7% |
Top Export Markets for High-Tenacity Filament Aramids Yarn from South Korea in 2022:
- United States (2826.6 tons)
- China (1411.4 tons)
- Netherlands (639.6 tons)
- Belgium (588.4 tons)
- India (524.2 tons)
- Poland (366.2 tons)
- Italy (346.3 tons)
- Turkey (288.0 tons)
- Spain (278.7 tons)
- Brazil (232.8 tons)
- Germany (179.5 tons)
- Romania (155.9 tons)
- Vietnam (139.2 tons)
Imports of High-Tenacity Filament Aramids Yarn in South Korea
High-tenacity filament aramids yarn imports into South Korea declined to 351 tons in 2022, reducing by -9% against the previous year's figure. Over the period under review, imports, however, posted a noticeable expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 113%. As a result, imports reached the peak of 386 tons, and then reduced in the following year.
In value terms, high-tenacity filament aramids yarn imports reached $9M in 2022. Overall, total imports indicated pronounced growth from 2019 to 2022: its value increased at an average annual rate of +2.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +69.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 65%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of High-Tenacity Filament Aramids Yarn in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 0.2 | 0.4 | 2.8 | 4.3 | 178.1% |
| Netherlands | 0.6 | 0.2 | 0.8 | 1.6 | 38.7% |
| Japan | 1.7 | 1.5 | 2.1 | 1.3 | -8.6% |
| United States | 4.6 | 2.2 | 2.6 | 0.8 | -44.2% |
| United Kingdom | 1.0 | 0.6 | 0.4 | 0.7 | -11.2% |
| Others | 0.3 | 0.4 | 0.1 | 0.2 | -12.6% |
| Total | 8.4 | 5.3 | 8.8 | 9.0 | 2.3% |
Top Suppliers of High-Tenacity Filament Aramids Yarn to South Korea in 2022:
- China (180.2 tons)
- Netherlands (67.9 tons)
- United States (37.3 tons)
- Japan (30.1 tons)
- United Kingdom (27.8 tons)
This report provides an in-depth analysis of the market for high-tenacity filament aramids yarn 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 2030.
Product coverage:
- Prodcom 20601220 - High-tenacity filament yarn of aramids (excluding sewing thread and yarn put up for retail sale)
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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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In value terms, man-made filament yarn imports amounted to $X in 2016. Overall, it indicated a modest increase from 2007 to 2016: the total imports value decreased at an average annual rate of -X>
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In value terms, yarn of artificial staple fibers imports stood at $X in 2016. Overall, yarn of artificial staple fibers imports continue to indicate a relatively flat trend pattern. Global yarn of ...
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In value terms, yarn of man-made staple fibers imports amounted to $X in 2016. In general, yarn of man-made staple fibers imports continue to indicate a relatively flat trend pattern. Global yarn o...
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In value terms, man-made filament yarn exports stood at $X in 2016. In general, man-made filament yarn exports continue to indicate a relatively flat trend pattern. Global man-made filament yarn exp...
