Report Update Nov 1, 2024

Republic of Korea - Machinery for Making Up Paper Pulp, Paper or Paperboard - Market Analysis, Forecast, Size, Trends and Insights

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Republic of Korea: Paper Making Machinery Market 2024

Paper Making Machinery Market Size in Republic of Korea

In 2021, the South Korean paper making machinery market was finally on the rise to reach $X for the first time since 2016, thus ending a four-year declining trend. Overall, consumption, however, continues to indicate a perceptible reduction. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Paper Making Machinery Production in Republic of Korea

In value terms, paper making machinery production fell to $X in 2021 estimated in export price. In general, production saw a abrupt downturn. The pace of growth appeared the most rapid in 2020 when the production volume increased by 17%. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Paper Making Machinery Exports

Exports from Republic of Korea

In 2021, after three years of decline, there was significant growth in shipments abroad of machinery for making up paper pulp, paper or paperboard, when their volume increased by 33% to X units. Over the period under review, exports, however, saw a deep reduction. The pace of growth was the most pronounced in 2017 when exports increased by 137% against the previous year. The exports peaked at X units in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, paper making machinery exports skyrocketed to $X in 2021. Overall, exports, however, showed a drastic downturn. The most prominent rate of growth was recorded in 2017 when exports increased by 89%. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Turkey (X units), Hong Kong SAR (X units) and Indonesia (X units) were the main destinations of paper making machinery exports from South Korea, together accounting for 59% 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 Turkey (with a CAGR of +45.1%), while the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X), Turkey ($X) and the United States ($X) appeared to be the largest markets for paper making machinery exported from South Korea worldwide, with a combined 60% share of total exports.

Turkey, with a CAGR of +46.3%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Paper Making Machinery Imports

Imports by Country

In 2021, China (X units) constituted the largest supplier of paper making machinery to South Korea, with a 66% share of total imports. Moreover, paper making machinery imports from China exceeded the figures recorded by the second-largest supplier, Japan (X units), fivefold. The third position in this ranking was taken by Italy (X units), with a 9.9% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +25.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+5.6% per year) and Italy (+11.1% per year).

In value terms, China ($X) constituted the largest supplier of machinery for making up paper pulp, paper or paperboard to South Korea, comprising 53% of total imports. The second position in the ranking was held by Italy ($X), with a 20% share of total imports. It was followed by Germany, with a 12% share.

From 2012 to 2021, the average annual growth rate of value from China stood at +33.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+12.5% per year) and Germany (-0.2% per year).

Import Prices by Country

In 2021, the average paper making machinery import price amounted to $X per unit, with a decrease of -7% against the previous year. Over the period under review, the import price saw a abrupt decrease. The pace of growth appeared the most rapid in 2019 when the average import price increased by 23%. The import price peaked at $X per unit in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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 Italy ($X per unit), while the price for Japan ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+6.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for machinery for making up paper pulp, paper or paperboard in the world?

The countries with the highest volumes of in 2021 were China, the United States and India, together accounting for 40% of global consumption.

What are the largest producers of machinery for making up paper pulp, paper or paperboard in the world?

China constituted the country with the largest volume of paper making machinery production, comprising approx. 30% of total volume. Moreover, paper making machinery production in China exceeded the figures recorded by the second-largest producer, Germany, fourfold. The third position in this ranking was occupied by Italy, with a 7.5% share.

What are the leading suppliers of machinery for making up paper pulp, paper or paperboard to Republic of Korea?

In value terms, China constituted the largest supplier of paper making machinery to South Korea, comprising 64% of total imports. The second position in the ranking was occupied by Italy, with a 9.2% share of total imports. It was followed by Japan, with a 4.8% share.

What are the leading importers of machinery for making up paper pulp, paper or paperboard from Republic of Korea?

In value terms, Turkey, Indonesia and Russia appeared to be the largest markets for paper making machinery exported from South Korea worldwide, with a combined 30% share of total exports.

What is the average export price for machinery for making up paper pulp, paper or paperboard in Republic of Korea?

The average paper making machinery export price stood at $39,269 per unit in 2021, which is down by -13.5% against the previous year.

What is the average import price for machinery for making up paper pulp, paper or paperboard in Republic of Korea?

In 2021, the average paper making machinery import price amounted to $37,422 per unit, remaining relatively unchanged against the previous year.

This report provides an in-depth analysis of the paper making machinery 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 28951190 - Machinery for making up paper pulp, paper or paperboard, n .e.c.

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
Find deeper insights into current market developments
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