Republic of Korea: Self-Adhesive Paper Market 2024

Self-Adhesive Paper Market Size in Republic of Korea

In 2021, the South Korean self-adhesive paper market increased by 32% to $X, rising for the second consecutive year after two years of decline. In general, consumption enjoyed a significant increase. Over the period under review, the market attained the maximum level in 2021 and is expected to retain growth in the immediate term.

Self-Adhesive Paper Exports

Exports from Republic of Korea

In 2021, overseas shipments of self-adhesive paper and paperboard decreased by -3% to X tons, falling for the second year in a row after three years of growth. The total export volume increased at an average annual rate of +2.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 when exports increased by 26% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, self-adhesive paper exports rose notably to $X in 2021. In general, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when exports increased by 22%. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

Japan (X tons), China (X tons) and India (X tons) were the main destinations of self-adhesive paper exports from South Korea, together comprising 52% of total exports. These countries were followed by Australia, Hungary, Vietnam, the United States, Poland, Mexico, Indonesia, Thailand, Germany and Taiwan (Chinese), which together accounted for a further 18%.

From 2012 to 2021, the biggest increases were recorded for Germany (with a CAGR of +89.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for self-adhesive paper exported from South Korea were China ($X), Japan ($X) and Vietnam ($X), together accounting for 46% of total exports. Poland, the United States, Hungary, Germany, Indonesia, Taiwan (Chinese), Australia, Thailand, Mexico and India lagged somewhat behind, together comprising a further 22%.

Germany, with a CAGR of +78.5%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average self-adhesive paper export price stood at $X per ton in 2021, increasing by 18% against the previous year. In general, the export price, however, continues to indicate a pronounced slump. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, 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 Taiwan (Chinese) ($X per ton), while the average price for exports to India ($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 Taiwan (Chinese) (+7.7%), while the prices for the other major destinations experienced more modest paces of growth.

Self-Adhesive Paper Imports

Imports into Republic of Korea

For the tenth consecutive year, South Korea recorded growth in supplies from abroad of self-adhesive paper and paperboard, which increased by 20% to X tons in 2021. Over the period under review, imports saw a resilient increase. The pace of growth was the most pronounced in 2013 when imports increased by 41%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the near future.

In value terms, self-adhesive paper imports skyrocketed to $X in 2021. Overall, imports saw a strong expansion. The pace of growth was the most pronounced in 2013 with an increase of 71%. Imports peaked in 2021 and are likely to see steady growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of self-adhesive paper to South Korea, with a 66% share of total imports. Moreover, self-adhesive paper imports from China exceeded the figures recorded by the second-largest supplier, Italy (X tons), tenfold. The third position in this ranking was held by the United States (X tons), with a 5.3% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +19.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+50.5% per year) and the United States (-1.8% per year).

In value terms, China ($X) constituted the largest supplier of self-adhesive paper and paperboard to South Korea, comprising 51% of total imports. The second position in the ranking was held by Italy ($X), with a 9.1% share of total imports. It was followed by the United States, with an 8.4% share.

From 2012 to 2021, the average annual growth rate of value from China stood at +19.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+52.2% per year) and the United States (+2.5% per year).

Import Prices by Country

In 2021, the average self-adhesive paper import price amounted to $X per ton, increasing by 3.6% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average import price increased by 22%. The import price peaked at $X per ton in 2014; however, from 2015 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 Japan ($X per ton), while the price for China ($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 (+4.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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