Republic of Korea: Photographic Paper Market 2025

Photographic Paper Market Size in Republic of Korea

The South Korean photographic paper market soared to $X in 2021, increasing by 22% against the previous year. Over the period under review, consumption, however, continues to indicate a abrupt contraction. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Photographic Paper Production in Republic of Korea

In value terms, photographic paper production stood at $X in 2021 estimated in export price. Over the period under review, production enjoyed significant growth. The most prominent rate of growth was recorded in 2018 when the production volume increased by 114% against the previous year. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Photographic Paper Exports

Exports from Republic of Korea

In 2021, approx. X square meters of photographic paper, paperboard and textiles were exported from South Korea; picking up by 130% compared with 2020. Over the period under review, exports, however, continue to indicate a abrupt decrease. The exports peaked at X square meters in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, photographic paper exports skyrocketed to $X in 2021. In general, exports, however, continue to indicate a abrupt slump. The growth pace was the most rapid in 2019 when exports increased by 128%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Malaysia (X square meters) was the main destination for photographic paper exports from South Korea, with a 20% share of total exports. Moreover, photographic paper exports to Malaysia exceeded the volume sent to the second major destination, Saudi Arabia (X square meters), twofold. The third position in this ranking was held by Colombia (X square meters), with a 4.9% share.

From 2012 to 2021, the average annual growth rate of volume to Malaysia totaled +74.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (-3.8% per year) and Colombia (+18.1% per year).

In value terms, Malaysia ($X) emerged as the key foreign market for photographic paper, paperboard and textiles exports from South Korea, comprising 25% of total exports. The second position in the ranking was taken by France ($X), with a 12% share of total exports. It was followed by Argentina, with a 7% share.

From 2012 to 2021, the average annual growth rate of value to Malaysia stood at +74.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+13.3% per year) and Argentina (+30.1% per year).

Export Prices by Country

The average photographic paper export price stood at $X per square meter in 2021, reducing by -41.7% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average export price increased by 59%. The export price peaked at $X per square meter in 2020, and then dropped notably in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($X per square meter), while the average price for exports to Saudi Arabia ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to India (+37.8%), while the prices for the other major destinations experienced more modest paces of growth.

Photographic Paper Imports

Imports into Republic of Korea

In 2021, after four years of decline, there was significant growth in supplies from abroad of photographic paper, paperboard and textiles, when their volume increased by 62% to X square meters. In general, imports, however, continue to indicate a deep contraction. Over the period under review, imports reached the peak figure at X square meters in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, photographic paper imports surged to $X in 2021. Overall, imports, however, recorded a abrupt downturn. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, the United States (X square meters) constituted the largest supplier of photographic paper to South Korea, accounting for a 50% share of total imports. Moreover, photographic paper imports from the United States exceeded the figures recorded by the second-largest supplier, China (X square meters), twofold. The third position in this ranking was taken by Belgium (X square meters), with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States totaled +1.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-20.3% per year) and Belgium (-6.8% per year).

In value terms, the United States ($X) constituted the largest supplier of photographic paper, paperboard and textiles to South Korea, comprising 57% of total imports. The second position in the ranking was taken by China ($X), with a 12% share of total imports. It was followed by Belgium, with a 9.8% share.

From 2012 to 2021, the average annual growth rate of value from the United States stood at +1.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-25.2% per year) and Belgium (-11.6% per year).

Import Prices by Country

The average photographic paper import price stood at $X per square meter in 2021, declining by -2.1% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2016 an increase of 12% against the previous year. As a result, import price attained the peak level of $X per square meter. From 2017 to 2021, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per square meter), while the price for China ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+17.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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