Republic of Korea: Metal Advertising Sign Market 2021

Metal Advertising Sign Market Size in Republic of Korea

In 2020, the South Korean metal advertising sign market decreased by -X% to $X for the first time since 2017, thus ending a two-year rising trend. The market value increased at an average annual rate of +X% from 2007 to 2020; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2014 with an increase of X% y-o-y. Over the period under review, the market reached the peak level at $X in 2019, and then fell in the following year.

Metal Advertising Sign Production in Republic of Korea

In value terms, metal advertising sign production fell to $X in 2020 estimated in export prices. The total output value increased at an average annual rate of +X% over the period from 2007 to 2020; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2020, production growth failed to regain the momentum.

Metal Advertising Sign Exports

Exports from Republic of Korea

In 2020, overseas shipments of metal advertising signs decreased by -X% to X tons, falling for the third consecutive year after two years of growth. Over the period under review, exports recorded a abrupt setback. The pace of growth was the most pronounced in 2011 with an increase of X% y-o-y. Exports peaked at X tons in 2007; however, from 2008 to 2020, exports remained at a lower figure.

In value terms, metal advertising sign exports dropped rapidly to $X in 2020. Overall, exports continue to indicate a abrupt decrease. The pace of growth appeared the most rapid in 2014 when exports increased by X% year-to-year. Over the period under review, exports attained the peak figure at $X in 2007; however, from 2008 to 2020, exports failed to regain the momentum.

Exports by Country

The U.S. (X tons) was the main destination for metal advertising sign exports from South Korea, with a X% share of total exports. Moreover, metal advertising sign exports to the U.S. exceeded the volume sent to the second major destination, Kazakhstan (X tons), fourfold. China (X tons) ranked third in terms of total exports with a X% share.

From 2007 to 2020, the average annual growth rate of volume to the U.S. totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kazakhstan (-X% per year) and China (-X% per year).

In value terms, the U.S. ($X), China ($X) and India ($X) constituted the largest markets for metal advertising sign exported from South Korea worldwide, together comprising X% of total exports. These countries were followed by Germany, Vietnam, Russia, Poland, Mexico, Switzerland, Uzbekistan, Cambodia, Kazakhstan and Iraq, which together accounted for a further X saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average metal advertising sign export price stood at $X per ton in 2020, dropping by -X% against the previous year. Over the period under review, the export price, however, saw a measured expansion. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. Over the period under review, average export prices reached the peak figure at $X per ton in 2019, and then fell sharply in the following year.

Prices varied noticeably by the country of destination; the country with the highest price was China ($X per ton), while the average price for exports to Iraq ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam, while the prices for the other major destinations experienced more modest paces of growth.

Metal Advertising Sign Imports

Imports into Republic of Korea

In 2020, supplies from abroad of metal advertising signs decreased by -X% to X tons, falling for the third consecutive year after two years of growth. Over the period under review, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of X% y-o-y. Imports peaked at X tons in 2017; however, from 2018 to 2020, imports remained at a lower figure.

In value terms, metal advertising sign imports contracted to $X in 2020. Overall, total imports indicated perceptible growth from 2007 to 2020: its value decreased at an average annual rate of -X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports decreased by -X% against 2015 indices. The pace of growth appeared the most rapid in 2013 with an increase of X% year-to-year. Imports peaked at $X in 2014; however, from 2015 to 2020, imports failed to regain the momentum.

Imports by Country

In 2020, China (X tons) constituted the largest metal advertising sign supplier to South Korea, accounting for a X% share of total imports. Moreover, metal advertising sign imports from China exceeded the figures recorded by the second-largest supplier, the U.S. (X tons), fourfold. Germany (X tons) ranked third in terms of total imports with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume from China totaled -X%. The remaining supplying countries recorded the following average annual rates of imports growth: the U.S. (+X% per year) and Germany (+X% per year).

In value terms, China ($X) constituted the largest supplier of metal advertising sign to South Korea, comprising X% of total imports. The second position in the ranking was occupied by the U.S. ($X), with a X% share of total imports. It was followed by Germany, with a X% share.

From 2007 to 2020, the average annual growth rate of value from China stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the U.S. (+X% per year) and Germany (+X% per year).

Import Prices by Country

In 2020, the average metal advertising sign import price amounted to $X per ton, growing by X% against the previous year. Over the period under review, import price indicated a pronounced increase from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, metal advertising sign import price increased by +X% against 2017 indices. The pace of growth was the most pronounced in 2012 an increase of X% year-to-year. As a result, import price reached the peak level of $X per ton. From 2013 to 2020, the growth in terms of the average import prices remained at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Germany ($X per ton), while the price for the U.S. ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by China, while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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