Report Update Nov 1, 2024

Republic of Korea - Glass Ampoules for Packing of Goods - Market Analysis, Forecast, Size, Trends and Insights

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Republic of Korea: Glass Ampoules Market 2024

Glass Ampoules Market Size in Republic of Korea

The South Korean glass ampoules market expanded to $X in 2022, with an increase of 4.8% against the previous year. In general, consumption, however, saw a pronounced reduction. Glass ampoules consumption peaked at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Glass Ampoules Production in Republic of Korea

In value terms, glass ampoules production expanded remarkably to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a noticeable shrinkage. The pace of growth was the most pronounced in 2020 when the production volume increased by 34%. Glass ampoules production peaked at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.

Glass Ampoules Exports

Exports from Republic of Korea

Glass ampoules exports from South Korea surged to X units in 2022, picking up by 37% on the previous year's figure. In general, exports posted a prominent expansion. The most prominent rate of growth was recorded in 2017 when exports increased by 1,148%. The exports peaked at X units in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, glass ampoules exports surged to $X in 2022. Over the period under review, exports recorded a resilient expansion. The most prominent rate of growth was recorded in 2017 when exports increased by 1,027%. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

Myanmar (X units) was the main destination for glass ampoules exports from South Korea, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Myanmar stood at +272.0%.

In value terms, Myanmar ($X) emerged as the key foreign market for glass ampoules for packing of goods exports from South Korea.

From 2012 to 2022, the average annual growth rate of value to Myanmar stood at +281.4%.

Export Prices by Country

The average glass ampoules export price stood at $X per thousand units in 2022, surging by 5% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 an increase of 35% against the previous year. As a result, the export price attained the peak level of $X per thousand units. From 2021 to 2022, the average export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Myanmar.

From 2012 to 2022, the rate of growth in terms of prices for Canada amounted to +12.4% per year.

Glass Ampoules Imports

Imports into Republic of Korea

In 2022, supplies from abroad of glass ampoules for packing of goods decreased by -9.5% to X units for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports, however, posted a strong expansion. The pace of growth was the most pronounced in 2017 with an increase of 546% against the previous year. Over the period under review, imports attained the peak figure at X units in 2021, and then reduced in the following year.

In value terms, glass ampoules imports declined to $X in 2022. In general, imports, however, posted tangible growth. The growth pace was the most rapid in 2017 with an increase of 258% against the previous year. Imports peaked at $X in 2021, and then declined in the following year.

Imports by Country

In 2022, China (X units) constituted the largest glass ampoules supplier to South Korea, accounting for a 85% share of total imports. Moreover, glass ampoules imports from China exceeded the figures recorded by the second-largest supplier, Japan (X units), ninefold. The United States (X units) ranked third in terms of total imports with a 3.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +85.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+3.3% per year) and the United States (-5.2% per year).

In value terms, the largest glass ampoules suppliers to South Korea were China ($X), Japan ($X) and the United States ($X), together comprising 95% of total imports.

China, with a CAGR of +90.8%, saw 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 a decline.

Import Prices by Country

In 2022, the average glass ampoules import price amounted to $X per thousand units, shrinking by -3.7% against the previous year. In general, the import price showed a deep downturn. The most prominent rate of growth was recorded in 2015 when the average import price increased by 41%. The import price peaked at $X per thousand units in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+17.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for glass ampoules for packing of goods in the world?

The countries with the highest volumes of in 2021 were China, Italy and the United States, with a combined 41% share of global consumption.

What are the largest producers of glass ampoules for packing of goods in the world?

The countries with the highest volumes of in 2021 were China, Italy and the United States, with a combined 46% share of global production.

What are the leading suppliers of glass ampoules for packing of goods to Republic of Korea?

In value terms, China constituted the largest supplier of glass ampoules to South Korea, comprising 65% of total imports. The second position in the ranking was occupied by Italy, with a 6.5% share of total imports.

What are the leading importers of glass ampoules for packing of goods from Republic of Korea?

In value terms, the largest markets for glass ampoules exported from South Korea were Turkey, Japan and the United States, with a combined 79% share of total exports. These countries were followed by Canada, Indonesia, Germany and Madagascar, which together accounted for a further 18%.

What is the average export price for glass ampoules for packing of goods in Republic of Korea?

The average glass ampoules export price stood at $20,620 per ton in 2021, waning by -10.9% against the previous year.

What is the average import price for glass ampoules for packing of goods in Republic of Korea?

The average glass ampoules import price stood at $4,269 per ton in 2021, dropping by -6.2% against the previous year.

This report provides an in-depth analysis of the glass ampoules market in Republic of Korea. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 23192350 - Glass ampoules used for the conveyance or packing of goods

Country coverage:

South Korea

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Republic of Korea
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
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Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023