Report Update Feb 1, 2025

Republic of Korea - Sisal Binder or Baler (Agricultural) Twines - Market Analysis, Forecast, Size, Trends and Insights

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Republic of Korea: Sisal Binder Market 2025

Sisal Binder Market Size in Republic of Korea

The South Korean sisal binder market expanded remarkably to $X in 2022, increasing by 6.7% against the previous year. Overall, consumption enjoyed strong growth. Sisal binder consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Sisal Binder Production in Republic of Korea

In value terms, sisal binder production expanded slightly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate strong growth. The most prominent rate of growth was recorded in 2019 with an increase of 29% against the previous year. Sisal binder production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Sisal Binder Exports

Exports from Republic of Korea

In 2022, shipments abroad of sisal binder or baler (agricultural) twines decreased by -94.4% to X tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports continue to indicate a abrupt decline. The pace of growth was the most pronounced in 2020 with an increase of 629%. The exports peaked at X tons in 2021, and then plummeted in the following year.

In value terms, sisal binder exports shrank remarkably to $X in 2022. In general, exports saw a abrupt descent. The most prominent rate of growth was recorded in 2020 when exports increased by 666% against the previous year. The exports peaked at $X in 2021, and then contracted dramatically in the following year.

Exports by Country

Hungary (X tons) was the main destination for sisal binder exports from South Korea, with a 88% share of total exports. It was followed by China (X kg), with a 2.6% share of total exports. The Philippines (X kg) ranked third in terms of total exports with a 2.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Hungary was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-29.1% per year) and the Philippines (-9.7% per year).

In value terms, Vietnam ($X) emerged as the key foreign market for sisal binder or baler (agricultural) twines exports from South Korea, comprising 37% of total exports. The second position in the ranking was taken by Bangladesh ($X), with a 7% share of total exports. It was followed by the Philippines, with a 6.6% share.

From 2012 to 2022, the average annual growth rate of value to Vietnam stood at +21.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bangladesh (0.0% per year) and the Philippines (-20.1% per year).

Export Prices by Country

The average sisal binder export price stood at $X per ton in 2022, with an increase of 35% against the previous year. Over the period under review, the export price showed a notable expansion. The growth pace was the most rapid in 2018 when the average export price increased by 264%. As a result, the export price reached the peak level of $X per ton. From 2019 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Vietnam ($X per ton), while the average price for exports to Hungary ($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 Vietnam (+46.6%), while the prices for the other major destinations experienced mixed trend patterns.

Sisal Binder Imports

Imports into Republic of Korea

In 2022, supplies from abroad of sisal binder or baler (agricultural) twines increased by 47% to X tons, rising for the third consecutive year after two years of decline. Over the period under review, imports enjoyed a resilient increase. The growth pace was the most rapid in 2015 when imports increased by 121%. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, sisal binder imports surged to $X in 2022. Overall, imports enjoyed a resilient expansion. Imports peaked at $X in 2016; however, from 2017 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) was the main sisal binder supplier to South Korea, accounting for a 100% share of total imports. It was followed by the United States (X kg), with a 0.1% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from China totaled +22.4%.

In value terms, China ($X) constituted the largest supplier of sisal binder or baler (agricultural) twines to South Korea, comprising 99% of total imports. The second position in the ranking was taken by the United States ($X), with a 0.3% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China amounted to +24.1%.

Import Prices by Country

In 2022, the average sisal binder import price amounted to $X per ton, growing by 51% against the previous year. Overall, the import price, however, showed a deep reduction. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+1.3%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for sisal binder or baler (agricultural) twines in the world?

The countries with the highest volumes of in 2021 were Brazil, Nepal and Russia, together accounting for 64% of global consumption.

What are the largest producers of sisal binder or baler (agricultural) twines in the world?

The countries with the highest volumes of in 2021 were Brazil, Nepal and Russia, with a combined 82% share of global production.

What are the leading suppliers of sisal binder or baler (agricultural) twines to Republic of Korea?

In value terms, China constituted the largest supplier of sisal binder to South Korea.

What are the leading importers of sisal binder or baler (agricultural) twines from Republic of Korea?

In value terms, Myanmar remains the key foreign market for sisal binder exports from South Korea, comprising 92% of total exports. The second position in the ranking was occupied by the United Arab Emirates, with a 4.6% share of total exports.

What is the average export price for sisal binder or baler (agricultural) twines in Republic of Korea?

The average sisal binder export price stood at $6,879 per ton in 2021, waning by -8% against the previous year.

What is the average import price for sisal binder or baler (agricultural) twines in Republic of Korea?

In 2021, the average sisal binder import price amounted to $3,149 per ton, increasing by 6.5% against the previous year.

This report provides an in-depth analysis of the sisal binder market in Republic of Korea. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 13941153 - Sisal binder or baler (agricultural) twines

Country coverage:

South Korea

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Republic of Korea
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
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This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
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While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2024
22. Production, In Value Terms, 2012–2024
23. Imports, In Physical Terms, 2012–2024
24. Imports, In Value Terms, 2012–2024
25. Imports, In Physical Terms, By Country, 2024
26. Imports, In Physical Terms, By Country, 2012–2024
27. Imports, In Value Terms, By Country, 2012–2024
28. Import Prices, By Country Of Origin, 2012–2024
29. Exports, In Physical Terms, 2012–2024
30. Exports, In Value Terms, 2012–2024
31. Exports, In Physical Terms, By Country, 2024
32. Exports, In Physical Terms, By Country, 2012–2024
33. Exports, In Value Terms, By Country, 2012–2024
34. Export Prices, By Country Of Destination, 2012–2024