Republic of Korea: Paper Tablecloths Market 2024

Paper Tablecloths Market Size in Republic of Korea

The South Korean paper tablecloths market declined to $X in 2021, dropping by -6% against the previous year. Over the period under review, consumption recorded a abrupt setback. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market remained at a lower figure.

Paper Tablecloths Production in Republic of Korea

In value terms, paper tablecloths production contracted to $X in 2021 estimated in export price. Over the period under review, production showed a deep downturn. The growth pace was the most rapid in 2013 when the production volume increased by 23%. As a result, production attained the peak level of $X. From 2014 to 2021, production growth remained at a lower figure.

Paper Tablecloths Exports

Exports from Republic of Korea

In 2021, overseas shipments of paper tablecloths and serviettes decreased by -22.2% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, exports, however, posted a resilient expansion. The most prominent rate of growth was recorded in 2016 with an increase of 452% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, paper tablecloths exports rose notably to $X in 2021. In general, exports, however, enjoyed a resilient increase. The most prominent rate of growth was recorded in 2016 when exports increased by 506%. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Mongolia (X tons) was the main destination for paper tablecloths exports from South Korea, with a 57% share of total exports. Moreover, paper tablecloths exports to Mongolia exceeded the volume sent to the second major destination, the Dominican Republic (X tons), twofold. The third position in this ranking was taken by Russia (X tons), with an 8.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Mongolia totaled +11.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Dominican Republic (+66.4% per year) and Russia (-10.2% per year).

In value terms, Mongolia ($X) remains the key foreign market for paper tablecloths and serviettes exports from South Korea, comprising 64% of total exports. The second position in the ranking was held by the Dominican Republic ($X), with a 13% share of total exports. It was followed by Russia, with a 7.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Mongolia stood at +14.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Dominican Republic (+53.7% per year) and Russia (-9.4% per year).

Export Prices by Country

In 2021, the average paper tablecloths export price amounted to $X per ton, growing by 39% against the previous year. In general, export price indicated a mild increase from 2012 to 2021: its price increased at an average annual rate of +1.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, paper tablecloths export price increased by +80.2% against 2019 indices. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to the Dominican Republic ($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 the United States (+14.6%), while the prices for the other major destinations experienced more modest paces of growth.

Paper Tablecloths Imports

Imports into Republic of Korea

In 2021, paper tablecloths imports into South Korea reduced to X tons, waning by -5.7% on the year before. In general, total imports indicated a slight expansion from 2012 to 2021: its volume increased at an average annual rate of +1.8% 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 -46.0% against 2014 indices. The most prominent rate of growth was recorded in 2014 when imports increased by 51%. As a result, imports attained the peak of X tons. From 2015 to 2021, the growth of imports failed to regain momentum.

In value terms, paper tablecloths imports contracted to $X in 2021. Over the period under review, imports, however, recorded prominent growth. The pace of growth appeared the most rapid in 2014 when imports increased by 54% against the previous year. Over the period under review, imports reached the maximum at $X in 2017; however, from 2018 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Taiwan (Chinese) (X tons) constituted the largest supplier of paper tablecloths to South Korea, accounting for a 17% share of total imports. Moreover, paper tablecloths imports from Taiwan (Chinese) exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold. The third position in this ranking was held by China (X tons), with a 5.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Taiwan (Chinese) totaled +23.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-7.6% per year) and China (+19.7% per year).

In value terms, the largest paper tablecloths suppliers to South Korea were Taiwan (Chinese) ($X), Germany ($X) and China ($X), together comprising 32% of total imports.

Among the main suppliers, Taiwan (Chinese), with a CAGR of +35.3%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average paper tablecloths import price stood at $X per ton in 2021, declining by -3.6% against the previous year. Overall, import price indicated a prominent increase from 2012 to 2021: its price increased at an average annual rate of +5.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, paper tablecloths import price decreased by -4.5% against 2019 indices. The most prominent rate of growth was recorded in 2017 an increase of 50% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2019; however, from 2020 to 2021, import prices stood at a somewhat lower figure.

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 the United States ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+15.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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