Republic of Korea: Market for Cellular Plates, Sheets, Film, Foil and Strip of Plastics 2024

Market Size for Cellular Plates, Sheets, Film, Foil and Strip of Plastics in Republic of Korea

The South Korean market for cellular plates, sheets, film, foil and strip of plastics shrank to $X in 2022, with a decrease of X% against the previous year. In general, the total consumption indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2019 indices. As a result, consumption attained the peak level of $X; afterwards, it flattened through to 2022.

Production of Cellular Plates, Sheets, Film, Foil and Strip of Plastics in Republic of Korea

In value terms, production of cellular plates, sheets, film, foil and strip of plastics dropped to $X in 2022 estimated in export price. Over the period under review, the total production indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2019 indices. The most prominent rate of growth was recorded in 2019 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2022, production of growth remained at a somewhat lower figure.

Exports of Cellular Plates, Sheets, Film, Foil and Strip of Plastics

Exports from Republic of Korea

In 2022, shipments abroad of cellular plates, sheets, film, foil and strip of plastics decreased by X% to X tons, falling for the second consecutive year after two years of growth. In general, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of cellular plates, sheets, film, foil and strip of plastics dropped significantly to $X in 2022. Overall, exports, however, recorded a prominent expansion. The pace of growth was the most pronounced in 2019 when exports increased by X%. Over the period under review, the exports of hit record highs at $X in 2021, and then shrank rapidly in the following year.

Exports by Country

China (X tons), the United States (X tons) and Vietnam (X tons) were the main destinations of exports of cellular plates, sheets, film, foil and strip of plastics from South Korea, together comprising X% of total exports. Hungary, Poland, Japan, Indonesia, the United Arab Emirates, Mexico, India, Singapore and Hong Kong SAR lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Hungary (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for cellular plates, sheets, film, foil and strip of plastics exported from South Korea were China ($X), the United States ($X) and Hungary ($X), together accounting for X% of total exports.

Among the main countries of destination, Hungary, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average export price for cellular plates, sheets, film, foil and strip of plastics amounted to $X per ton, declining by X% against the previous year. Over the period under review, the export price, however, showed a strong increase. The pace of growth was the most pronounced in 2018 an increase of X%. The export price peaked at $X per ton in 2021, and then shrank in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to the United Arab Emirates ($X 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 Hungary (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Cellular Plates, Sheets, Film, Foil and Strip of Plastics

Imports into Republic of Korea

In 2022, purchases abroad of cellular plates, sheets, film, foil and strip of plastics decreased by X% to X tons for the first time since 2016, thus ending a five-year rising trend. In general, imports, however, saw resilient growth. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, imports of reached the peak figure at X tons in 2021, and then declined rapidly in the following year.

In value terms, imports of cellular plates, sheets, film, foil and strip of plastics reduced notably to $X in 2022. Overall, imports, however, posted a buoyant increase. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, imports of reached the peak figure at $X in 2021, and then shrank sharply in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest cellular plates, sheets, film, foil and strip of plastics supplier to South Korea, accounting for a X% share of total imports. Moreover, imports of cellular plates, sheets, film, foil and strip of plastics from China exceeded the figures recorded by the second-largest supplier, Japan (X tons), sixfold. The United States (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (X% per year) and the United States (X% per year).

In value terms, the largest cellular plates, sheets, film, foil and strip of plastics suppliers to South Korea were China ($X), Japan ($X) and the United States ($X), together comprising X% of total imports.

China, with a CAGR of X%, 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 cellular plates, sheets, film, foil and strip of plastics stood at $X per ton in 2022, increasing by X% against the previous year. Over the period under review, the import price, however, recorded a noticeable decline. The pace of growth appeared the most rapid in 2019 an increase of X%. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

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 Japan ($X per ton), while the price for Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform