Republic of Korea: Market for Boards, Sheets, Panels, Tiles And Similar Articles Of Plaster Not Faced 2024

Market Size for Boards, Sheets, Panels, Tiles And Similar Articles Of Plaster Not Faced in Republic of Korea

The South Korean market for boards, sheets, panels, tiles and similar articles of plaster not faced skyrocketed to $X in 2021, surging by 18% against the previous year. Over the period under review, consumption, however, showed a pronounced decrease. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Production of Boards, Sheets, Panels, Tiles And Similar Articles Of Plaster Not Faced in Republic of Korea

In value terms, production of boards, sheets, panels, tiles and similar articles of plaster not faced surged to $X in 2021 estimated in export price. In general, production, however, saw a abrupt curtailment. The pace of growth was the most pronounced in 2019 with an increase of 19%. Over the period under review, production of reached the peak level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Exports of Boards, Sheets, Panels, Tiles And Similar Articles Of Plaster Not Faced

Exports from Republic of Korea

In 2021, exports of boards, sheets, panels, tiles and similar articles of plaster not faced from South Korea shrank markedly to X square meters, waning by -26% against 2020. Overall, exports faced a deep downturn. The growth pace was the most rapid in 2016 when exports increased by 318%. As a result, the exports reached the peak of X square meters. From 2017 to 2021, the growth of the exports of failed to regain momentum.

In value terms, exports of boards, sheets, panels, tiles and similar articles of plaster not faced dropped notably to $X in 2021. In general, exports faced a sharp decrease. The most prominent rate of growth was recorded in 2016 when exports increased by 328%. As a result, the exports reached the peak of $X. From 2017 to 2021, the growth of the exports of remained at a somewhat lower figure.

Exports by Country

Vietnam (X square meters), Russia (X square meters) and Mongolia (X square meters) were the main destinations of exports of boards, sheets, panels, tiles and similar articles of plaster not faced from South Korea, together accounting for 49% of total exports. The Philippines, Rwanda, the United Arab Emirates and Chile lagged somewhat behind, together accounting for a further 16%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Rwanda (with a CAGR of +15.8%), while the other leaders experienced a decline.

In value terms, the largest markets for board, sheet, panel, tile and similar article of plaster not faced exported from South Korea were Russia ($X), Mongolia ($X) and Vietnam ($X), with a combined 57% share of total exports. The United Arab Emirates, Rwanda, the Philippines and Chile lagged somewhat behind, together comprising a further 18%.

Rwanda, with a CAGR of +13.1%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average export price for boards, sheets, panels, tiles and similar articles of plaster not faced stood at $X per square meter in 2021, reducing by -12.3% against the previous year. In general, the export price saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2014 when the average export price increased by 16% against the previous year. The export price peaked at $X per square meter in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per square meter), while the average price for exports to the Philippines ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+52.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Boards, Sheets, Panels, Tiles And Similar Articles Of Plaster Not Faced

Imports into Republic of Korea

In 2021, overseas purchases of boards, sheets, panels, tiles and similar articles of plaster not faced increased by 27% to X square meters, rising for the second year in a row after two years of decline. In general, imports enjoyed a resilient expansion. The growth pace was the most rapid in 2016 with an increase of 103% against the previous year. Over the period under review, imports of attained the peak figure in 2021 and are likely to see gradual growth in the immediate term.

In value terms, imports of boards, sheets, panels, tiles and similar articles of plaster not faced reached $X in 2021. Overall, imports enjoyed a strong expansion. The most prominent rate of growth was recorded in 2013 with an increase of 108%. Over the period under review, imports of attained the maximum in 2021 and are likely to see steady growth in the near future.

Imports by Country

China (X square meters), Germany (X square meters) and Italy (X square meters) were the main suppliers of imports of boards, sheets, panels, tiles and similar articles of plaster not faced to South Korea, with a combined 64% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +36.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), China ($X) and Italy ($X) constituted the largest board, sheet, panel, tile and similar article of plaster not faced suppliers to South Korea, with a combined 58% share of total imports.

China, with a CAGR of +38.8%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for boards, sheets, panels, tiles and similar articles of plaster not faced stood at $X per square meter in 2021, waning by -10.4% against the previous year. Over the period under review, the import price showed a pronounced slump. The most prominent rate of growth was recorded in 2013 an increase of 23% against the previous year. As a result, import price reached the peak level of $X per square meter. From 2014 to 2021, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Denmark ($X per square meter), while the price for China ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+1.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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