Republic of Korea: Playing Cards Market 2024

Playing Cards Market Size in Republic of Korea

In 2022, the South Korean playing cards market decreased by -9.4% to $X, falling for the second year in a row after two years of growth. Over the period under review, consumption, however, saw pronounced growth. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Playing Cards Production in Republic of Korea

In value terms, playing cards production stood at $X in 2022 estimated in export price. Overall, production posted a pronounced increase. The pace of growth appeared the most rapid in 2019 when the production volume increased by 116% against the previous year. Playing cards production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Playing Cards Exports

Exports from Republic of Korea

For the sixth consecutive year, South Korea recorded growth in overseas shipments of playing cards, which increased by 60% to X tons in 2022. Over the period under review, exports posted a strong expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 105% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in the near future.

In value terms, playing cards exports surged to $X in 2022. Overall, exports recorded a significant increase. The growth pace was the most rapid in 2015 when exports increased by 280%. Over the period under review, the exports attained the peak figure in 2022 and are likely to continue growth in the near future.

Exports by Country

China (X tons), Hong Kong SAR (X tons) and Taiwan (Chinese) (X tons) were the main destinations of playing cards exports from South Korea, with a combined 79% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Taiwan (Chinese) (with a CAGR of +80.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for playing cards exported from South Korea were China ($X), Hong Kong SAR ($X) and the United States ($X), with a combined 75% share of total exports. Taiwan (Chinese), Japan and Vietnam lagged somewhat behind, together comprising a further 21%.

In terms of the main countries of destination, Taiwan (Chinese), with a CAGR of +88.5%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average playing cards export price amounted to $X per ton, falling by -7.5% against the previous year. Overall, the export price, however, showed a remarkable increase. The most prominent rate of growth was recorded in 2015 an increase of 102% against the previous year. The export price peaked at $X per ton in 2021, and then fell in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Vietnam ($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 China (+11.1%), while the prices for the other major destinations experienced more modest paces of growth.

Playing Cards Imports

Imports into Republic of Korea

In 2022, purchases abroad of playing cards decreased by -15.4% to X tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +1.6% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 when imports increased by 14% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, playing cards imports dropped remarkably to $X in 2022. In general, imports, however, posted prominent growth. The growth pace was the most rapid in 2021 when imports increased by 107%. As a result, imports attained the peak of $X, and then fell remarkably in the following year.

Imports by Country

Japan (X tons), China (X tons) and Germany (X tons) were the main suppliers of playing cards imports to South Korea, together accounting for 84% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +33.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest playing cards suppliers to South Korea were the United States ($X), Japan ($X) and China ($X), with a combined 87% share of total imports.

In terms of the main suppliers, China, with a CAGR of +44.6%, recorded 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 playing cards import price stood at $X per ton in 2022, dropping by -1.8% against the previous year. Overall, the import price, however, continues to indicate resilient growth. The pace of growth appeared the most rapid in 2021 an increase of 83%. As a result, import price reached the peak level of $X per ton, and then fell in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+37.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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