Republic of Korea: Market for Self-Adhesive Plastic Tape in Rolls of a Width Under 20cm 2024

Market Size for Self-Adhesive Plastic Tape in Rolls of a Width Under 20cm in Republic of Korea

The South Korean market for self-adhesive plastic tape in rolls of a width under 20cm rose sharply to $X in 2022, surging by 7.4% against the previous year. Over the period under review, consumption, however, recorded a mild slump. Consumption of peaked at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Production of Self-Adhesive Plastic Tape in Rolls of a Width Under 20cm in Republic of Korea

In value terms, production of self-adhesive plastic tape in rolls of a width under 20cm rose slightly to $X in 2022 estimated in export price. In general, production, however, saw a slight decline. The growth pace was the most rapid in 2020 with an increase of 12% against the previous year. Production of peaked at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Exports of Self-Adhesive Plastic Tape in Rolls of a Width Under 20cm

Exports from Republic of Korea

In 2022, exports of self-adhesive plastic tape in rolls of a width under 20cm from South Korea dropped slightly to X tons, reducing by -4.5% on the previous year's figure. In general, exports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 when exports increased by 16%. The exports peaked at X tons in 2021, and then shrank in the following year.

In value terms, exports of self-adhesive plastic tape in rolls of a width under 20cm fell to $X in 2022. The total export value increased at an average annual rate of +1.3% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 18% against the previous year. As a result, the exports reached the peak of $X, and then contracted in the following year.

Exports by Country

China (X tons) was the main destination for exports of self-adhesive plastic tape in rolls of a width under 20cm from South Korea, with a 29% share of total exports. Moreover, exports of self-adhesive plastic tape in rolls of a width under 20cm to China exceeded the volume sent to the second major destination, Vietnam (X tons), twofold. The third position in this ranking was held by the United States (X tons), with an 8.4% share.

From 2012 to 2022, the average annual growth rate of volume to China stood at +1.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (+10.9% per year) and the United States (+4.7% per year).

In value terms, China ($X) remains the key foreign market for self-adhesive plastic tape in rolls of a width under 20cm exports from South Korea, comprising 37% of total exports. The second position in the ranking was held by Vietnam ($X), with a 15% share of total exports. It was followed by the United States, with a 9.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value to China was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (+8.6% per year) and the United States (+14.3% per year).

Export Prices by Country

The average export price for self-adhesive plastic tape in rolls of a width under 20cm stood at $X per ton in 2022, which is down by -4.6% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the average export price increased by 13% against the previous year. As a result, the export price attained the peak level of $X per ton, and then reduced slightly in the following year.

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 Hungary ($X per ton), while the average price for exports to Germany ($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 Thailand (+9.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Self-Adhesive Plastic Tape in Rolls of a Width Under 20cm

Imports into Republic of Korea

In 2022, supplies from abroad of self-adhesive plastic tape in rolls of a width under 20cm increased by 12% to X tons, rising for the third year in a row after three years of decline. The total import volume increased at an average annual rate of +3.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 14%. Imports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, imports of self-adhesive plastic tape in rolls of a width under 20cm reached $X in 2022. Overall, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 16%. Over the period under review, imports of hit record highs in 2022 and are likely to see steady growth in years to come.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of self-adhesive plastic tape in rolls of a width under 20cm to South Korea, with a 75% share of total imports. Moreover, imports of self-adhesive plastic tape in rolls of a width under 20cm from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), sevenfold. The third position in this ranking was taken by Japan (X tons), with a 5.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +6.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+1.7% per year) and Japan (-1.3% per year).

In value terms, China ($X) constituted the largest supplier of self-adhesive plastic tape in rolls of a width under 20cm to South Korea, comprising 49% of total imports. The second position in the ranking was held by Japan ($X), with a 17% share of total imports. It was followed by the United States, with an 11% share.

From 2012 to 2022, the average annual growth rate of value from China totaled +7.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-8.0% per year) and the United States (+1.8% per year).

Import Prices by Country

In 2022, the average import price for self-adhesive plastic tape in rolls of a width under 20cm amounted to $X per ton, falling by -2.1% against the previous year. Overall, the import price recorded a perceptible shrinkage. The most prominent rate of growth was recorded in 2021 an increase of 12%. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, 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 the United States (+8.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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