Republic of Korea: Calendering Cylinder Market 2024

Calendering Cylinder Market Size in Republic of Korea

The South Korean calendering cylinder market rose slightly to $X in 2021, picking up by 1.9% against the previous year. The market value increased at an average annual rate of +1.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Calendering cylinder consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Calendering Cylinder Production in Republic of Korea

In value terms, calendering cylinder production declined modestly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.5% 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 when the production volume increased by 21%. Over the period under review, production reached the maximum level at $X in 2020, and then reduced in the following year.

Calendering Cylinder Exports

Exports from Republic of Korea

In 2021, shipments abroad of cylinders for calendering increased by 11% to X units, rising for the second year in a row after two years of decline. Overall, exports showed a significant expansion. The growth pace was the most rapid in 2017 with an increase of 170%. The exports peaked in 2021 and are likely to see steady growth in years to come.

In value terms, calendering cylinder exports totaled $X in 2021. In general, exports recorded a significant increase. The most prominent rate of growth was recorded in 2013 when exports increased by 248%. The exports peaked in 2021 and are expected to retain growth in the near future.

Exports by Country

China (X units) was the main destination for calendering cylinder exports from South Korea, with a 42% share of total exports. Moreover, calendering cylinder exports to China exceeded the volume sent to the second major destination, Japan (X units), threefold. Taiwan (Chinese) (X units) ranked third in terms of total exports with a 1.9% share.

From 2012 to 2021, the average annual growth rate of volume to China stood at +43.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+14.2% per year) and Taiwan (Chinese) (+26.1% per year).

In value terms, China ($X) remains the key foreign market for cylinders for calendering exports from South Korea, comprising 40% of total exports. The second position in the ranking was held by Japan ($X), with a 7.9% share of total exports. It was followed by Vietnam, with a 2.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value to China totaled +36.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+12.4% per year) and Vietnam (+30.6% per year).

Export Prices by Country

The average calendering cylinder export price stood at $X per unit in 2021, therefore, remained relatively stable against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the average export price increased by 48% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2014 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Vietnam ($X per unit), while the average price for exports to Japan ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+1.0%), while the prices for the other major destinations experienced a decline.

Calendering Cylinder Imports

Imports into Republic of Korea

In 2021, approx. X units of cylinders for calendering were imported into South Korea; increasing by 197% compared with the previous year. Overall, imports posted a measured expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, calendering cylinder imports soared to $X in 2021. In general, imports posted a measured increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X units), Japan (X units) and Germany (X units) were the main suppliers of calendering cylinder imports to South Korea, together comprising 38% of total imports. These countries were followed by Italy, Spain, Thailand and South Africa, which together accounted for a further 8.2%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of +64.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X) constituted the largest supplier of cylinders for calendering to South Korea, comprising 26% of total imports. The second position in the ranking was held by China ($X), with an 8.4% share of total imports. It was followed by Germany, with a 7.3% share.

From 2012 to 2021, the average annual growth rate of value from Japan amounted to +2.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-3.9% per year) and Germany (-13.6% per year).

Import Prices by Country

In 2021, the average calendering cylinder import price amounted to $X per unit, jumping by 17% against the previous year. Over the period under review, the import price, however, saw a slight reduction. The pace of growth appeared the most rapid in 2019 an increase of 59%. The import price peaked at $X per unit in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+7.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :