Report Update Nov 1, 2024

Republic of Korea - Nets of Twine, Cordage, Rope or Textile Materials - Market Analysis, Forecast, Size, Trends and Insights

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Republic of Korea: Market for Nets of Twine, Cordage, Rope or Textile Materials 2024

Market Size for Nets of Twine, Cordage, Rope or Textile Materials in Republic of Korea

The South Korean market for nets of twine, cordage, rope or textile materials fell dramatically to $X in 2022, with a decrease of -15.2% against the previous year. In general, consumption, however, enjoyed a remarkable increase. Over the period under review, the market reached the peak level at $X in 2021, and then shrank dramatically in the following year.

Production of Nets of Twine, Cordage, Rope or Textile Materials in Republic of Korea

In value terms, twine, cordage or textile net production shrank dramatically to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a buoyant expansion. The pace of growth was the most pronounced in 2015 when the production volume increased by 229% against the previous year. Over the period under review, production reached the peak level at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Exports of Nets of Twine, Cordage, Rope or Textile Materials

Exports from Republic of Korea

In 2022, shipments abroad of nets of twine, cordage, rope or textile materials was finally on the rise to reach X tons after three years of decline. Overall, exports, however, saw a perceptible contraction. The most prominent rate of growth was recorded in 2016 when exports increased by 11%. As a result, the exports attained the peak of X tons. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, twine, cordage or textile net exports fell slightly to $X in 2022. Over the period under review, exports, however, continue to indicate a slight shrinkage. The most prominent rate of growth was recorded in 2018 with an increase of 13%. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports failed to regain momentum.

Export Prices by Country

The average export price for nets of twine, cordage, rope or textile materials stood at $X per ton in 2022, falling by -6.5% against the previous year. Over the last decade, it increased at an average annual rate of +1.6%. The most prominent rate of growth was recorded in 2021 an increase of 15%. As a result, the export price reached the peak level of $X per ton, and then dropped in the following year.

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 Vietnam amounted to +12.8% per year.

Imports of Nets of Twine, Cordage, Rope or Textile Materials

Imports into Republic of Korea

In 2022, the amount of nets of twine, cordage, rope or textile materials imported into South Korea stood at X tons, leveling off at the year before. In general, total imports indicated a resilient increase from 2012 to 2022: its volume increased at an average annual rate of +6.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -0.2% against 2020 indices. The growth pace was the most rapid in 2013 with an increase of 11% against the previous year. Over the period under review, imports hit record highs at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, twine, cordage or textile net imports fell to $X in 2022. Over the period under review, total imports indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +7.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +21.9% against 2015 indices. The most prominent rate of growth was recorded in 2015 when imports increased by 25% against the previous year. Over the period under review, imports hit record highs at $X in 2021, and then shrank in the following year.

Imports by Country

In 2022, Myanmar (X tons) was the main supplier of twine, cordage or textile net to South Korea, with a approx. 100% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from Myanmar totaled +725.7%.

In value terms, Myanmar ($X) constituted the largest supplier of nets of twine, cordage, rope or textile materials to South Korea.

From 2012 to 2022, the average annual growth rate of value from Myanmar stood at +696.9%.

Import Prices by Country

In 2022, the average import price for nets of twine, cordage, rope or textile materials amounted to $X per ton, which is down by -5.9% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 15% against the previous year. The import price peaked at $X per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for China amounted to +2.2% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for nets of twine, cordage, rope or textile materials in the world?

The countries with the highest volumes of in 2021 were China, the United States and India, with a combined 46% share of global consumption. These countries were followed by Japan, Bangladesh, Indonesia, Mexico, Turkey, Spain, South Korea, Italy, Thailand and the Philippines, which together accounted for a further 28%.

What are the largest producers of nets of twine, cordage, rope or textile materials in the world?

The country with the largest volume of twine, cordage or textile net production was China, accounting for 33% of total volume. Moreover, twine, cordage or textile net production in China exceeded the figures recorded by the second-largest producer, the United States, threefold. India ranked third in terms of total production with a 9% share.

What are the leading suppliers of nets of twine, cordage, rope or textile materials to Republic of Korea?

In value terms, China constituted the largest supplier of twine, cordage or textile net to South Korea, comprising 66% of total imports. The second position in the ranking was occupied by Vietnam, with a 14% share of total imports. It was followed by the Philippines, with a 10% share.

What are the leading importers of nets of twine, cordage, rope or textile materials from Republic of Korea?

In value terms, Russia remains the key foreign market for twine, cordage or textile net exports from South Korea, comprising 26% of total exports. The second position in the ranking was occupied by Micronesia, with a 6.2% share of total exports. It was followed by the Philippines, with a 5.6% share.

What is the average export price for nets of twine, cordage, rope or textile materials in Republic of Korea?

The average export price for nets of twine, cordage, rope or textile materials stood at $4,869 per ton in 2021, standing approx. at the previous year.

What is the average import price for nets of twine, cordage, rope or textile materials in Republic of Korea?

The average import price for nets of twine, cordage, rope or textile materials stood at $3,189 per ton in 2021, leveling off at the previous year.

This report provides an in-depth analysis of the market for twine, cordage or textile net 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 13941233 - Made-up fishing nets from twine, cordage or rope of manmade fibres (excluding fish landing nets)
Prodcom 13941235 - Made-up fishing nets from yarn of man-made fibres (excluding fish landing nets)
Prodcom 13941253 - Made-up nets from twine, cable or rope of nylon or other polyamides (excluding netting in the piece produced by crochet, hairnets, sports and fishing nets)
Prodcom 13941255 - Made-up nets of nylon or other polyamides (excluding netting in the piece produced by crochet, hairnets, sports and fishing nets, those made from twine, cable or rope)
Prodcom 13941259 - Knotted netting of textile materials (excluding made-up fishing nets of man-made textiles, other made-up nets of nylon or other polyamides)

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