Republic of Korea: Market for Graphic Paper with Mechanical Fibre Content Under 10% and of Weight 40-150 g/m2 in Sheets 2024

Market Size for Graphic Paper with Mechanical Fibre Content Under 10% and of Weight 40-150 g/m2 in Sheets in Republic of Korea

In 2021, the South Korean market for graphic paper with mechanical fibre content under 10% and of weight X-150 g/m2 in sheets was finally on the rise to reach $X after two years of decline. Overall, consumption enjoyed significant growth. Over the period under review, the market reached the maximum level in 2021 and is expected to retain growth in years to come.

Exports of Graphic Paper with Mechanical Fibre Content Under 10% and of Weight 40-150 g/m2 in Sheets

Exports from Republic of Korea

In 2021, shipments abroad of graphic paper with mechanical fibre content under 10% and of weight X-150 g/m2 in sheets decreased by -41.7% to X tons, falling for the third year in a row after three years of growth. In general, exports showed a abrupt shrinkage. The pace of growth appeared the most rapid in 2018 with an increase of 52%. As a result, the exports reached the peak of X tons. From 2019 to 2021, the growth of the exports of failed to regain momentum.

In value terms, exports of graphic paper with mechanical fibre content under 10% and of weight X-150 g/m2 in sheets fell remarkably to $X in 2021. Over the period under review, exports showed a abrupt contraction. The most prominent rate of growth was recorded in 2018 with an increase of 73%. As a result, the exports attained the peak of $X. From 2019 to 2021, the growth of the exports of remained at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for exports of graphic paper with mechanical fibre content under 10% and of weight X-150 g/m2 in sheets from South Korea, with a 59% share of total exports. Moreover, exports of graphic paper with mechanical fibre content under 10% and of weight X-150 g/m2 in sheets to the United States exceeded the volume sent to the second major destination, the United Arab Emirates (X tons), fivefold. The Philippines (X tons) ranked third in terms of total exports with a 10% share.

From 2012 to 2021, the average annual growth rate of volume to the United States amounted to +80.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+63.5% per year) and the Philippines (+39.4% per year).

In value terms, the United States ($X) remains the key foreign market for graphic paper with mechanical fibre content under 10% and of weight X-150 g/m2 in sheets exports from South Korea, comprising 60% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 12% share of total exports. It was followed by the Philippines, with an 8.2% share.

From 2012 to 2021, the average annual growth rate of value to the United States stood at +81.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+59.8% per year) and the Philippines (+23.4% per year).

Export Prices by Country

In 2021, the average export price for graphic paper with mechanical fibre content under 10% and of weight X-150 g/m2 in sheets amounted to $X per ton, picking up by 3.5% against the previous year. Overall, the export price, however, showed a mild setback. The most prominent rate of growth was recorded in 2018 when the average export price increased by 14% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2016; however, from 2017 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to the Philippines ($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 Thailand (+4.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Graphic Paper with Mechanical Fibre Content Under 10% and of Weight 40-150 g/m2 in Sheets

Imports into Republic of Korea

After two years of decline, purchases abroad of graphic paper with mechanical fibre content under 10% and of weight X-150 g/m2 in sheets increased by 9.9% to X tons in 2021. Overall, total imports indicated a resilient expansion from 2012 to 2021: its volume increased at an average annual rate of +7.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -13.3% against 2018 indices. The most prominent rate of growth was recorded in 2017 when imports increased by 24% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, imports of graphic paper with mechanical fibre content under 10% and of weight X-150 g/m2 in sheets rose markedly to $X in 2021. In general, total imports indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +5.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -24.0% against 2018 indices. The most prominent rate of growth was recorded in 2018 when imports increased by 31% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports of failed to regain momentum.

Imports by Country

In 2021, Indonesia (X tons) constituted the largest supplier of graphic paper with mechanical fibre content under 10% and of weight X-150 g/m2 in sheets to South Korea, accounting for a 63% share of total imports. Moreover, imports of graphic paper with mechanical fibre content under 10% and of weight X-150 g/m2 in sheets from Indonesia exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. The third position in this ranking was taken by Brazil (X tons), with an 8.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Indonesia totaled +17.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+0.1% per year) and Brazil (+2.6% per year).

In value terms, Indonesia ($X) constituted the largest supplier of graphic paper with mechanical fibre content under 10% and of weight X-150 g/m2 in sheets to South Korea, comprising 61% of total imports. The second position in the ranking was taken by China ($X), with a 21% share of total imports. It was followed by Brazil, with a 7.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Indonesia totaled +15.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-1.1% per year) and Brazil (+1.0% per year).

Import Prices by Country

The average import price for graphic paper with mechanical fibre content under 10% and of weight X-150 g/m2 in sheets stood at $X per ton in 2021, with an increase of 4% against the previous year. Overall, the import price, however, showed a slight contraction. The most prominent rate of growth was recorded in 2018 an increase of 14%. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from Japan ($X per ton) and Thailand ($X per ton), while the price for Brazil ($X per ton) and Indonesia ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (-0.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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