Republic of Korea - Retreaded Pneumatic Tyres - Market Analysis, Forecast, Size, Trends and Insights
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View PricingRepublic of Korea: Retreaded Pneumatic Tyre Market 2024
Retreaded Pneumatic Tyre Market Size in Republic of Korea
For the third year in a row, the South Korean retreaded pneumatic tyre market recorded growth in sales value, which increased by X% to $X in 2022. In general, consumption continues to indicate a pronounced contraction. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.
Retreaded Pneumatic Tyre Production in Republic of Korea
In value terms, retreaded pneumatic tyre production reduced modestly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a perceptible downturn. The growth pace was the most rapid in 2013 with an increase of X%. Retreaded pneumatic tyre production peaked at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.
Retreaded Pneumatic Tyre Exports
Exports from Republic of Korea
For the third consecutive year, South Korea recorded decline in shipments abroad of retreaded pneumatic tyres, which decreased by X% to X units in 2022. Over the period under review, exports showed a abrupt downturn. The growth pace was the most rapid in 2019 when exports increased by X%. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.
In value terms, retreaded pneumatic tyre exports reduced to $X in 2022. In general, exports faced a drastic downturn. The pace of growth appeared the most rapid in 2019 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.
Exports by Country
Honduras (X units), El Salvador (X units) and Guatemala (X units) were the main destinations of retreaded pneumatic tyre exports from South Korea, with a combined X% share of total exports. The United States, Russia, New Zealand, Japan, Panama, Mexico and Nicaragua lagged somewhat behind, together accounting for a further X%.
From 2012 to 2022, the biggest increases were recorded for Russia (with a CAGR of X%), while shipments for the other leaders experienced a decline.
In value terms, the largest markets for retreaded pneumatic tyre exported from South Korea were Honduras ($X), El Salvador ($X) and Guatemala ($X), with a combined X% share of total exports. The United States, Russia, New Zealand, Japan, Panama, Mexico and Nicaragua lagged somewhat behind, together comprising a further X%.
In terms of the main countries of destination, Russia, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline.
Export Prices by Country
The average retreaded pneumatic tyre export price stood at $X per unit in 2022, surging by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The growth pace was the most rapid in 2014 an increase of X%. As a result, the export price attained the peak level of $X per unit. From 2015 to 2022, the average export prices failed to regain momentum.
Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were Japan ($X per unit) and the United States ($X per unit), while the average price for exports to New Zealand ($X per unit) and Guatemala ($X per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (X%), while the prices for the other major destinations experienced more modest paces of growth.
Retreaded Pneumatic Tyre Imports
Imports into Republic of Korea
In 2022, retreaded pneumatic tyre imports into South Korea declined significantly to X units, which is down by X% compared with 2021. Over the period under review, imports saw a abrupt curtailment. The most prominent rate of growth was recorded in 2016 with an increase of X%. As a result, imports attained the peak of X units. From 2017 to 2022, the growth of imports failed to regain momentum.
In value terms, retreaded pneumatic tyre imports surged to $X in 2022. Overall, imports, however, continue to indicate pronounced growth. The most prominent rate of growth was recorded in 2014 with an increase of X%. Imports peaked at $X in 2017; however, from 2018 to 2022, imports failed to regain momentum.
Imports by Country
Japan (X units), Thailand (X units) and the United States (X units) were the main suppliers of retreaded pneumatic tyre imports to South Korea, together comprising X% of total imports.
From 2012 to 2022, the biggest increases were recorded for Thailand (with a CAGR of X%), while purchases for the other leaders experienced mixed trend patterns.
In value terms, Japan ($X), Thailand ($X) and the United States ($X) were the largest retreaded pneumatic tyre suppliers to South Korea, with a combined X% share of total imports.
Among the main suppliers, Thailand, with a CAGR of X%, 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 2022, the average retreaded pneumatic tyre import price amounted to $X per unit, picking up by X% against the previous year. In general, the import price continues to indicate resilient growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Thailand ($X per unit), while the price for China ($X per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%), while the prices for the other major suppliers experienced more modest paces of growth.
Source: IndexBox Platform
This report provides an in-depth analysis of the retreaded pneumatic tyre 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 2030.
Product coverage:
- Prodcom 22112030 - Retreaded tyres of rubber of a kind used on motor cars
- Prodcom 22112050 - Retreaded tyres of rubber of a kind used on buses and lorries
- Prodcom 22112090 - Retreaded tyres of rubber (including of a kind used on aircraft, excluding of a kind used on motor cars, buses or lorries)
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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