Price for Laboratory, Hygienic or Pharmaceutical Glassware, Whether or Not Graduated or Calibrated in South Korea - 2022

Contents:

1. Price for Laboratory, Hygienic or Pharmaceutical Glassware, Whether or Not Graduated or Calibrated in South Korea (CIF) - 2022
2. Price for Laboratory, Hygienic or Pharmaceutical Glassware, Whether or Not Graduated or Calibrated in South Korea (FOB) - 2022
3. Imports of Laboratory, Hygienic or Pharmaceutical Glassware, Whether or Not Graduated or Calibrated in South Korea
4. Exports of Laboratory, Hygienic or Pharmaceutical Glassware, Whether or Not Graduated or Calibrated in South Korea

Price for Laboratory, Hygienic or Pharmaceutical Glassware, Whether or Not Graduated or Calibrated in South Korea (CIF) - 2022

The average import price for laboratory, hygienic or pharmaceutical glassware, whether or not graduated or calibrateds stood at $31,924 per ton in December 2022, declining by -9.8% against the previous month. Overall, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in October 2022 an increase of 19% m-o-m. The import price peaked at $35,403 per ton in November 2022, and then declined in the following month.

There were significant differences in the average prices amongst the major supplying countries. In December 2022, the country with the highest price was the United States ($84,153 per ton), while the price for China ($12,833 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 Czech Republic (+12.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Laboratory, Hygienic or Pharmaceutical Glassware, Whether or Not Graduated or Calibrated in South Korea (FOB) - 2022

The average export price for laboratory, hygienic or pharmaceutical glassware, whether or not graduated or calibrateds stood at $81,173 per ton in 2022, waning by -2.3% against the previous year. Over the period under review, the export price, however, posted a noticeable expansion. The most prominent rate of growth was recorded in 2016 when the average export price increased by 85%. Over the period under review, the average export prices hit record highs at $90,407 per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($199,399 per ton), while the average price for exports to Uzbekistan ($11,182 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 Taiwan (Chinese) (+12.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Laboratory, Hygienic or Pharmaceutical Glassware, Whether or Not Graduated or Calibrated in South Korea

In 2022, supplies from abroad of laboratory, hygienic or pharmaceutical glassware, whether or not graduated or calibrateds was finally on the rise to reach 1.5K tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, showed a relatively flat trend pattern.

In value terms, imports of laboratory, hygienic or pharmaceutical glassware, whether or not graduated or calibrateds expanded rapidly to $47M in 2022. The total import value increased at an average annual rate of +8.3% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Laboratory, Hygienic or Pharmaceutical Glassware, Whether or Not Graduated or Calibrated to South Korea in 2022:

1. China (564.9 tons)
2. Germany (301.3 tons)
3. United States (217.0 tons)
4. Japan (173.9 tons)
5. Italy (100.0 tons)
6. Czech Republic (50.6 tons)
7. India (27.7 tons)

Exports of Laboratory, Hygienic or Pharmaceutical Glassware, Whether or Not Graduated or Calibrated in South Korea

After two years of decline, overseas shipments of laboratory, hygienic or pharmaceutical glassware, whether or not graduated or calibrateds increased by 39% to 58 tons in 2022. In general, exports, however, showed a precipitous contraction.

In value terms, exports of laboratory, hygienic or pharmaceutical glassware, whether or not graduated or calibrateds skyrocketed to $4.7M in 2022. Over the period under review, exports, however, showed a deep contraction.

Top Export Markets for Laboratory, Hygienic or Pharmaceutical Glassware, Whether or Not Graduated or Calibrated from South Korea in 2022:

1. United States (15.3 tons)
2. China (10.7 tons)
3. Germany (8.2 tons)
4. Japan (4.6 tons)
5. Uzbekistan (4.4 tons)
6. United Arab Emirates (4.1 tons)
7. Taiwan (Chinese) (3.8 tons)
8. Vietnam (0.8 tons)
9. Thailand (0.1 tons)

Source: IndexBox Market Intelligence Platform