Republic of Korea: Hand Stamp Market 2024

Hand Stamp Market Size in Republic of Korea

The South Korean hand stamp market declined to $X in 2022, waning by -6.7% against the previous year. The market value increased at an average annual rate of +1.7% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Hand stamp consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Hand Stamp Production in Republic of Korea

In value terms, hand stamp production reduced to $X in 2022 estimated in export price. In general, production saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of 56%. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

Hand Stamp Exports

Exports from Republic of Korea

Hand stamp exports from South Korea contracted to X units in 2022, waning by -9.5% compared with the previous year. In general, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when exports increased by 39% against the previous year. As a result, the exports reached the peak of X units. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, hand stamp exports dropped to $X in 2022. Over the period under review, total exports indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +15.6% against 2020 indices. The pace of growth was the most pronounced in 2013 when exports increased by 66% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

Brazil (X units), China (X units) and the United States (X units) were the main destinations of hand stamp exports from South Korea, together accounting for 29% of total exports. Saudi Arabia, Turkey, Japan, Vietnam, India, Malaysia, Israel, Chile, Poland and the United Arab Emirates lagged somewhat behind, together comprising a further 38%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Poland (with a CAGR of +16.8%), while the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X), Japan ($X) and the United States ($X) were the largest markets for hand stamp exported from South Korea worldwide, with a combined 33% share of total exports. China, Saudi Arabia, Turkey, Israel, Poland, Malaysia, India, Vietnam, Chile and the United Arab Emirates lagged somewhat behind, together comprising a further 36%.

Poland, with a CAGR of +12.9%, recorded the highest rates of growth with regard to the value of exports, in terms of 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 hand stamp export price stood at $X per unit in 2022, declining by -2.6% against the previous year. Over the last decade, it increased at an average annual rate of +2.3%. The pace of growth was the most pronounced in 2017 an increase of 29% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2018 to 2022, the average 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 Japan ($X per unit), while the average price for exports to Vietnam ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+16.6%), while the prices for the other major destinations experienced more modest paces of growth.

Hand Stamp Imports

Imports into Republic of Korea

In 2022, approx. X units of stamps for use in the hand were imported into South Korea; waning by -4.4% against the previous year's figure. Overall, total imports indicated a remarkable increase from 2012 to 2022: its volume increased at an average annual rate of +5.2% 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 +9.4% against 2020 indices. The most prominent rate of growth was recorded in 2016 with an increase of 75% against the previous year. Over the period under review, imports reached the maximum at X units in 2021, and then dropped modestly in the following year.

In value terms, hand stamp imports declined to $X in 2022. Over the period under review, imports, however, recorded a strong increase. The pace of growth was the most pronounced in 2016 when imports increased by 50% against the previous year. Imports peaked at $X in 2021, and then reduced in the following year.

Imports by Country

In 2022, China (X units) constituted the largest supplier of hand stamp to South Korea, accounting for a 58% share of total imports. Moreover, hand stamp imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X units), twofold. Austria (X units) ranked third in terms of total imports with a 6.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +4.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+5.1% per year) and Austria (+11.0% per year).

In value terms, China ($X), Taiwan (Chinese) ($X) and Austria ($X) constituted the largest hand stamp suppliers to South Korea, together comprising 85% of total imports. These countries were followed by Vietnam, which accounted for a further 4.6%.

Vietnam, with a CAGR of +16.2%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average hand stamp import price amounted to $X per unit, falling by -2.2% against the previous year. Over the last decade, it increased at an average annual rate of +2.1%. The most prominent rate of growth was recorded in 2017 an increase of 24% against the previous year. Over the period under review, average import prices attained the peak figure at $X per unit in 2021, and then reduced modestly in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+7.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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