Republic of Korea: Sack And Bag Market 2025

Sack And Bag Market Size in Republic of Korea

In 2022, the South Korean sack and bag market increased by X% to $X, rising for the second consecutive year after two years of decline. In general, the total consumption indicated a strong expansion from 2012 to 2022: its value 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, consumption increased by X% against 2020 indices. Sack and bag consumption peaked in 2022 and is expected to retain growth in years to come.

Sack And Bag Exports

Exports from Republic of Korea

Sack and bag exports from South Korea shrank rapidly to X tons in 2022, falling by X% against the year before. Over the period under review, exports, however, saw a noticeable increase. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons, and then plummeted in the following year.

In value terms, sack and bag exports contracted to $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 when exports increased by X%. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

Vietnam (X tons) was the main destination for sack and bag exports from South Korea, accounting for a X% share of total exports. Moreover, sack and bag exports to Vietnam exceeded the volume sent to the second major destination, the United States (X tons), twofold. The third position in this ranking was held by Russia (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Vietnam amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Russia (X% per year).

In value terms, the United States ($X) remains the key foreign market for sacks and bags exports from South Korea, comprising X% of total exports. The second position in the ranking was held by Russia ($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 the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (X% per year) and Vietnam (X% per year).

Export Prices by Country

In 2022, the average sack and bag export price amounted to $X per ton, surging by X% against the previous year. Overall, the export price, however, showed a noticeable setback. Over the period under review, the average export prices attained the peak figure at $X per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, 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 (X%), while the prices for the other major destinations experienced more modest paces of growth.

Sack And Bag Imports

Imports into Republic of Korea

Sack and bag imports into South Korea stood at X tons in 2022, remaining stable against 2021 figures. Over the period under review, total imports indicated buoyant growth from 2012 to 2022: its volume 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, imports increased by X% against 2012 indices. The pace of growth was the most pronounced in 2016 when imports increased by X% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, sack and bag imports expanded slightly to $X in 2022. In general, total imports indicated buoyant growth from 2012 to 2022: its value 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, imports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by X%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, Vietnam (X tons) constituted the largest sack and bag supplier to South Korea, with a X% share of total imports. Moreover, sack and bag imports from Vietnam exceeded the figures recorded by the second-largest supplier, China (X tons), twofold.

From 2012 to 2022, the average annual growth rate of volume from Vietnam stood at X%.

In value terms, Vietnam ($X) constituted the largest supplier of sacks and bags to South Korea, comprising X% of total imports. The second position in the ranking was held by China ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Vietnam stood at X%.

Import Prices by Country

The average sack and bag import price stood at $X per ton in 2022, leveling off at the previous year. In general, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by X%. Over the period under review, average import prices reached the maximum at $X per ton in 2014; afterwards, it flattened through to 2022.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Vietnam ($X per ton), while the price for China amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (X%).

Source: IndexBox Platform

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