Republic of Korea: Paper File Cover Market 2024

Paper File Cover Market Size in Republic of Korea

In 2022, the South Korean paper file cover market increased by 9.1% to $X, rising for the second consecutive year after two years of decline. Overall, consumption recorded modest growth. Over the period under review, the market attained the peak level in 2022 and is expected to retain growth in the immediate term.

Paper File Cover Exports

Exports from Republic of Korea

In 2022, exports of paper binders, folders and file covers from South Korea soared to X tons, picking up by 56% on the previous year. In general, exports showed a prominent expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, paper file cover exports soared to $X in 2022. Overall, exports recorded prominent growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Japan (X tons) was the main destination for paper file cover exports from South Korea, accounting for a 79% share of total exports. Moreover, paper file cover exports to Japan exceeded the volume sent to the second major destination, the United States (X tons), sevenfold. China (X tons) ranked third in terms of total exports with a 4.5% share.

From 2012 to 2022, the average annual growth rate of volume to Japan totaled +14.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+48.4% per year) and China (+6.7% per year).

In value terms, Japan ($X) remains the key foreign market for paper binders, folders and file covers exports from South Korea, comprising 62% of total exports. The second position in the ranking was held by the United States ($X), with a 29% share of total exports. It was followed by China, with a 1.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Japan stood at +9.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+64.0% per year) and China (-3.7% per year).

Export Prices by Country

The average paper file cover export price stood at $X per ton in 2022, surging by 18% against the previous year. In general, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the average export price increased by 20%. The export price peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+10.5%), while the prices for the other major destinations experienced mixed trend patterns.

Paper File Cover Imports

Imports into Republic of Korea

In 2022, purchases abroad of paper binders, folders and file covers increased by 33% to X tons, rising for the second year in a row after two years of decline. Over the period under review, total imports indicated a temperate expansion from 2012 to 2022: its volume increased at an average annual rate of +4.2% 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 +66.3% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, paper file cover imports surged to $X in 2022. In general, imports enjoyed a resilient expansion. The pace of growth was the most pronounced in 2021 when imports increased by 54%. Imports peaked in 2022 and are likely to continue growth in the near future.

Imports by Country

In 2022, China (X tons) was the main paper file cover supplier to South Korea, with a 93% share of total imports. It was followed by the United States (X tons), with a 2.1% share of total imports. The third position in this ranking was taken by Italy (X tons), with a 1.6% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +6.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+5.9% per year) and Italy (+12.2% per year).

In value terms, China ($X) constituted the largest supplier of paper binders, folders and file covers to South Korea, comprising 65% of total imports. The second position in the ranking was held by the United States ($X), with a 14% share of total imports. It was followed by Italy, with a 7.5% share.

From 2012 to 2022, the average annual growth rate of value from China stood at +6.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+12.1% per year) and Italy (+6.2% per year).

Import Prices by Country

The average paper file cover import price stood at $X per ton in 2022, dropping by -9.4% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.0%. The pace of growth appeared the most rapid in 2013 when the average import price increased by 30% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+8.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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