Republic of Korea: Primary Fiber Crops Market 2025

Primary Fiber Crops Market Size in Republic of Korea

In 2022, the South Korean primary fiber crops market increased by X% to $X, rising for the second year in a row after three years of decline. In general, consumption recorded a abrupt descent. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Primary Fiber Crops Production in Republic of Korea

In value terms, primary fiber crops production rose notably to $X in 2022 estimated in export price. In general, production, however, recorded a perceptible slump. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Primary Fiber Crops Exports

Exports from Republic of Korea

In 2022, shipments abroad of fiber crops (primary) increased by X% to X tons for the first time since 2019, thus ending a two-year declining trend. In general, exports posted strong growth. The pace of growth was the most pronounced in 2015 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, primary fiber crops exports declined to $X in 2022. Overall, exports saw a notable increase. The most prominent rate of growth was recorded in 2019 with an increase of X%. As a result, the exports attained the peak of $X. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Poland (X tons), Nigeria (X tons) and Japan (X tons) were the main destinations of primary fiber crops exports from South Korea, together accounting for X% of total exports. Vietnam, Uzbekistan, Thailand, the United States, Taiwan (Chinese) and Indonesia lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Thailand (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Japan ($X) remains the key foreign market for fiber crops (primary) exports from South Korea, comprising X% of total exports. The second position in the ranking was held by Poland ($X), with a X% share of total exports. It was followed by Vietnam, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Japan totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (X% per year) and Vietnam (X% per year).

Export Prices by Country

In 2022, the average primary fiber crops export price amounted to $X per ton, declining by X% against the previous year. Over the period under review, the export price showed a noticeable descent. The growth pace was the most rapid in 2019 an increase of X% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

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

Primary Fiber Crops Imports

Imports into Republic of Korea

In 2022, imports of fiber crops (primary) into South Korea reduced to X tons, shrinking by X% against the year before. Overall, imports showed a abrupt setback. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, primary fiber crops imports soared to $X in 2022. In general, imports continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Brazil (X tons), Australia (X tons) and the United States (X tons) were the main suppliers of primary fiber crops imports to South Korea, with a combined X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Australia (with a CAGR of X%), while purchases for the other leaders experienced a decline.

In value terms, the largest primary fiber crops suppliers to South Korea were Australia ($X), Brazil ($X) and the United States ($X), with a combined X% share of total imports.

Australia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2022, the average primary fiber crops import price amounted to $X per ton, jumping by X% against the previous year. Over the period under review, import price indicated slight growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, primary fiber crops import price increased by X% against 2020 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

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

Source: IndexBox Platform

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