Republic of Korea: Market for Bobbins, spools, cops and similar supports of paper pulp, paper or paperboard (whether or not perforated or hardened) 2025

Market Size for Bobbins, spools, cops and similar supports of paper pulp, paper or paperboard (whether or not perforated or hardened) in Republic of Korea

The South Korean market for bobbins, spools, cops and similar supports of paper pulp, paper or paperboard (whether or not perforated or hardened)s fell to $X in 2021, shrinking by -3.1% against the previous year. In general, consumption, however, continues to indicate a pronounced descent. Over the period under review, the market attained the peak level at $X in 2015; however, from 2016 to 2021, consumption stood at a somewhat lower figure.

Production of Bobbins, spools, cops and similar supports of paper pulp, paper or paperboard (whether or not perforated or hardened) in Republic of Korea

In value terms, production of bobbins, spools, cops and similar supports of paper pulp, paper or paperboard (whether or not perforated or hardened)s contracted slightly to $X in 2021 estimated in export price. In general, production, however, continues to indicate a perceptible setback. The most prominent rate of growth was recorded in 2014 when the production volume increased by 34% against the previous year. Over the period under review, production of attained the maximum level at $X in 2015; however, from 2016 to 2021, production failed to regain momentum.

Exports of Bobbins, spools, cops and similar supports of paper pulp, paper or paperboard (whether or not perforated or hardened)

Exports from Republic of Korea

In 2021, the amount of bobbins, spools, cops and similar supports of paper pulp, paper or paperboard (whether or not perforated or hardened)s exported from South Korea skyrocketed to X tons, with an increase of 38% on the previous year. In general, exports saw a prominent expansion. The most prominent rate of growth was recorded in 2018 with an increase of 99% against the previous year. The exports peaked in 2021 and are likely to continue growth in the near future.

In value terms, exports of bobbins, spools, cops and similar supports of paper pulp, paper or paperboard (whether or not perforated or hardened)s surged to $X in 2021. Overall, exports saw a strong expansion. The most prominent rate of growth was recorded in 2018 with an increase of 109% against the previous year. Over the period under review, the exports of hit record highs in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Vietnam (X tons), China (X tons) and the United States (X tons) were the main destinations of exports of bobbins, spools, cops and similar supports of paper pulp, paper or paperboard (whether or not perforated or hardened)s from South Korea, with a combined 54% share of total exports. Japan, El Salvador, Malaysia, Taiwan (Chinese), Egypt and Saudi Arabia lagged somewhat behind, together comprising a further 19%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by El Salvador (with a CAGR of +37.5%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for bobbins, spools, cops and similar supports of paper pulp, paper or paperboard (whether or not perforated or hardened) exported from South Korea were China ($X), the United States ($X) and Japan ($X), together accounting for 49% of total exports. These countries were followed by Vietnam, El Salvador, Malaysia, Taiwan (Chinese), Egypt and Saudi Arabia, which together accounted for a further 18%.

El Salvador, with a CAGR of +36.0%, saw the highest rates of growth with regard to 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 export price for bobbins, spools, cops and similar supports of paper pulp, paper or paperboard (whether or not perforated or hardened)s stood at $X per ton in 2021, waning by -4.5% against the previous year. Over the period under review, the export price continues to indicate a noticeable decrease. The most prominent rate of growth was recorded in 2020 an increase of 24% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2015; however, from 2016 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Saudi Arabia ($X per ton), while the average price for exports to Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (+62.3%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Bobbins, spools, cops and similar supports of paper pulp, paper or paperboard (whether or not perforated or hardened)

Imports into Republic of Korea

In 2021, supplies from abroad of bobbins, spools, cops and similar supports of paper pulp, paper or paperboard (whether or not perforated or hardened)s was finally on the rise to reach X tons for the first time since 2016, thus ending a four-year declining trend. Overall, total imports indicated a resilient increase from 2012 to 2021: its volume increased at an average annual rate of +5.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 75% against the previous year. Imports peaked at X tons in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

In value terms, imports of bobbins, spools, cops and similar supports of paper pulp, paper or paperboard (whether or not perforated or hardened)s soared to $X in 2021. In general, total imports indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +9.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Japan (X tons), China (X tons) and Taiwan (Chinese) (X tons) were the main suppliers of imports of bobbins, spools, cops and similar supports of paper pulp, paper or paperboard (whether or not perforated or hardened)s to South Korea, together comprising 55% of total imports. Vietnam, India and Indonesia lagged somewhat behind, together comprising a further 20%.

From 2012 to 2021, the biggest increases were recorded for India (with a CAGR of +77.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest bobbins, spools, cops and similar supports of paper pulp, paper or paperboard (whether or not perforated or hardened) suppliers to South Korea were China ($X), Japan ($X) and Taiwan (Chinese) ($X), together comprising 56% of total imports. India, Vietnam and Indonesia lagged somewhat behind, together comprising a further 20%.

India, with a CAGR of +49.0%, saw the highest growth rate of the value of imports, in terms of 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 bobbins, spools, cops and similar supports of paper pulp, paper or paperboard (whether or not perforated or hardened)s stood at $X per ton in 2021, remaining constant against the previous year. Overall, import price indicated measured growth from 2012 to 2021: its price increased at an average annual rate of +3.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, import price for bobbins, spools, cops and similar supports of paper pulp, paper or paperboard (whether or not perforated or hardened)s increased by +64.1% against 2016 indices. The growth pace was the most rapid in 2017 an increase of 40% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2020, and then reduced in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Indonesia ($X per ton), while the price for Japan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+12.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform