Republic of Korea: Market for Ceramic Pipes, Conduits, Guttering And Pipe Fittings 2025

Market Size for Ceramic Pipes, Conduits, Guttering And Pipe Fittings in Republic of Korea

The South Korean market for ceramic pipes, conduits, guttering and pipe fittings reduced slightly to $X in 2021, falling by -3.6% against the previous year. Overall, consumption showed a abrupt descent. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market remained at a lower figure.

Production of Ceramic Pipes, Conduits, Guttering And Pipe Fittings in Republic of Korea

In value terms, production of ceramic pipes, conduits, guttering and pipe fittings declined to $X in 2021 estimated in export price. In general, production recorded a abrupt downturn. The pace of growth appeared the most rapid in 2013 when the production volume increased by 19%. As a result, production reached the peak level of $X. From 2014 to 2021, production of growth remained at a lower figure.

Exports of Ceramic Pipes, Conduits, Guttering And Pipe Fittings

Exports from Republic of Korea

Exports of ceramic pipes, conduits, guttering and pipe fittings from South Korea contracted notably to X tons in 2021, reducing by -89.5% compared with 2020. Overall, exports recorded a abrupt downturn. The most prominent rate of growth was recorded in 2014 with an increase of 3,541%. As a result, the exports attained the peak of X tons. From 2015 to 2021, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of ceramic pipes, conduits, guttering and pipe fittings contracted markedly to $X in 2021. In general, exports showed a deep slump. The pace of growth appeared the most rapid in 2014 when exports increased by 637% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports of remained at a somewhat lower figure.

Exports by Country

The United States (X tons), Tanzania (X tons) and Vietnam (X tons) were the main destinations of exports of ceramic pipes, conduits, guttering and pipe fittings from South Korea, with a combined 64% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of +128.8%), while the other leaders experienced more modest paces of growth.

In value terms, Tanzania ($X), Singapore ($X) and the United States ($X) appeared to be the largest markets for ceramic pipe, conduit, guttering and pipe fitting exported from South Korea worldwide, with a combined 74% share of total exports.

In terms of the main countries of destination, the United States, with a CAGR of +97.1%, saw the highest growth rate of 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

The average export price for ceramic pipes, conduits, guttering and pipe fittings stood at $X per ton in 2021, with an increase of 86% against the previous year. In general, the export price saw buoyant growth. The most prominent rate of growth was recorded in 2015 when the average export price increased by 396%. Over the period under review, the average export prices hit record highs in 2021 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($X per ton), while the average price for exports to Vietnam ($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 Tanzania (+24.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Ceramic Pipes, Conduits, Guttering And Pipe Fittings

Imports into Republic of Korea

In 2021, the amount of ceramic pipes, conduits, guttering and pipe fittings imported into South Korea declined significantly to X tons, waning by -18.8% compared with 2020 figures. Over the period under review, imports showed a abrupt downturn. The pace of growth appeared the most rapid in 2013 with an increase of 6.5% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2021, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of ceramic pipes, conduits, guttering and pipe fittings shrank to $X in 2021. The total import value increased at an average annual rate of +3.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 with an increase of 30%. Over the period under review, imports of reached the peak figure at $X in 2020, and then dropped in the following year.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of ceramic pipe, conduit, guttering and pipe fitting to South Korea, with a 72% share of total imports. Moreover, imports of ceramic pipes, conduits, guttering and pipe fittings from China exceeded the figures recorded by the second-largest supplier, Vietnam (X tons), fourfold. Japan (X tons) ranked third in terms of total imports with a 4.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at -3.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (-7.5% per year) and Japan (-14.4% per year).

In value terms, the largest ceramic pipe, conduit, guttering and pipe fitting suppliers to South Korea were Japan ($X), China ($X) and Vietnam ($X), together accounting for 83% of total imports. The United States lagged somewhat behind, accounting for a further 15%.

The United States, with a CAGR of +19.7%, recorded 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 ceramic pipes, conduits, guttering and pipe fittings stood at $X per ton in 2021, growing by 11% against the previous year. Overall, the import price enjoyed a strong increase. The most prominent rate of growth was recorded in 2014 when the average import price increased by 31% against the previous year. The import price peaked in 2021 and is likely to see gradual growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Japan ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+30.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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