Republic of Korea: Market for Safety glass, laminated, of size and shape suitable for incorporation in vehicles, aircraft, spacecraft or vessels 2022

Market Size for Safety glass, laminated, of size and shape suitable for incorporation in vehicles, aircraft, spacecraft or vessels in Republic of Korea

In 2020, the South Korean market for safety glass, laminated, of size and shape suitable for incorporation in vehicles, aircraft, spacecraft or vesselses was finally on the rise to reach $X for the first time since 2017, thus ending a two-year declining trend. Over the period under review, the total consumption indicated notable growth from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 when the market value increased by X% year-to-year. Consumption peaked at $X in 2017; however, from 2018 to 2020, consumption stood at a somewhat lower figure.

Production of Safety glass, laminated, of size and shape suitable for incorporation in vehicles, aircraft, spacecraft or vessels in Republic of Korea

In value terms, production of safety glass, laminated, of size and shape suitable for incorporation in vehicles, aircraft, spacecraft or vesselses totaled $X in 2020 estimated in export prices. In general, the total production indicated a strong expansion from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 when the production volume increased by X% year-to-year. Over the period under review, production hit record highs at $X in 2017; however, from 2018 to 2020, production remained at a lower figure.

Exports of Safety glass, laminated, of size and shape suitable for incorporation in vehicles, aircraft, spacecraft or vessels

Exports from Republic of Korea

In 2020, the amount of safety glass, laminated, of size and shape suitable for incorporation in vehicles, aircraft, spacecraft or vesselses exported from South Korea dropped rapidly to X square meters, with a decrease of -X% against the previous year. Overall, exports saw a abrupt setback. The most prominent rate of growth was recorded in 2016 when exports increased by X% y-o-y. Exports peaked at X square meters in 2011; however, from 2012 to 2020, exports remained at a lower figure.

In value terms, exports of safety glass, laminated, of size and shape suitable for incorporation in vehicles, aircraft, spacecraft or vesselses contracted rapidly to $X in 2020. Over the period under review, exports showed a abrupt setback. The most prominent rate of growth was recorded in 2016 with an increase of X% year-to-year. Over the period under review, exports hit record highs at $X in 2011; however, from 2012 to 2020, exports remained at a lower figure.

Exports by Country

The U.S. (X square meters), Vietnam (X square meters) and Colombia (X square meters) were the main destinations of exports of safety glass, laminated, of size and shape suitable for incorporation in vehicles, aircraft, spacecraft or vesselses from South Korea, with a combined X% share of total exports.

From 2007 to 2020, the biggest increases were in Colombia (+X% per year), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the U.S. ($X), Vietnam ($X) and China ($X) appeared to be the largest markets for safety glass, laminated, of size and shape suitable for incorporation in vehicles, aircraft, spacecraft or vessels exported from South Korea worldwide, with a combined X% share of total exports. Belgium, France, Colombia and Japan lagged somewhat behind, together comprising a further X terms of the main countries of destination, Colombia (+X% per year) 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

In 2020, the average export price for safety glass, laminated, of size and shape suitable for incorporation in vehicles, aircraft, spacecraft or vesselses amounted to $X per square meter, rising by X% against the previous year. Over the period under review, export price indicated a noticeable expansion from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2016 an increase of X% y-o-y. The export price peaked at $X per square meter in 2008; however, from 2009 to 2020, export prices failed to regain the momentum.

There were significant differences in the average prices for the major foreign markets. In 2020, the country with the highest price was China ($X per square meter), while the average price for exports to Colombia ($X per square meter) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to China, while the prices for the other major destinations experienced more modest paces of growth.

Imports of Safety glass, laminated, of size and shape suitable for incorporation in vehicles, aircraft, spacecraft or vessels

Imports into Republic of Korea

In 2020, purchases abroad of safety glass, laminated, of size and shape suitable for incorporation in vehicles, aircraft, spacecraft or vesselses decreased by -X% to X square meters, falling for the second year in a row after three years of growth. In general, imports continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2010 when imports increased by X% against the previous year. Imports peaked at X square meters in 2008; however, from 2009 to 2020, imports stood at a somewhat lower figure.

In value terms, imports of safety glass, laminated, of size and shape suitable for incorporation in vehicles, aircraft, spacecraft or vesselses reduced rapidly to $X in 2020. Overall, imports continue to indicate a drastic downturn. The pace of growth appeared the most rapid in 2010 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2007; however, from 2008 to 2020, imports failed to regain the momentum.

Imports by Country

In 2020, China (X square meters) was the main safety glass, laminated, of size and shape suitable for incorporation in vehicles, aircraft, spacecraft or vessels supplier to South Korea, accounting for a X% share of total imports. Moreover, imports of safety glass, laminated, of size and shape suitable for incorporation in vehicles, aircraft, spacecraft or vesselses from China exceeded the figures recorded by the second-largest supplier, Poland (X square meters), more than tenfold.

From 2007 to 2020, the average annual rate of growth in terms of volume from China stood at -X%.

In value terms, China ($X) constituted the largest supplier of safety glass, laminated, of size and shape suitable for incorporation in vehicles, aircraft, spacecraft or vessels to South Korea, comprising X% of total imports. The second position in the ranking was occupied by Poland ($X), with a X% share of total imports.

From 2007 to 2020, the average annual growth rate of value from China totaled -X%.

Import Prices by Country

The average import price for safety glass, laminated, of size and shape suitable for incorporation in vehicles, aircraft, spacecraft or vesselses stood at $X per square meter in 2020, which is down by -X% against the previous year. Over the period under review, import price indicated noticeable growth from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, import price for safety glass, laminated, of size and shape suitable for incorporation in vehicles, aircraft, spacecraft or vesselses decreased by -X% against 2018 indices. The most prominent rate of growth was recorded in 2012 an increase of X% y-o-y. Over the period under review, average import prices attained the peak figure at $X per square meter in 2018; however, from 2019 to 2020, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Poland ($X per square meter), while the price for China stood at $X per square meter.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by China.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :