Republic of Korea: Sulphite Wrapping Paper Market 2024

Sulphite Wrapping Paper Market Size in Republic of Korea

The South Korean sulphite wrapping paper market shrank to $X in 2022, waning by X% against the previous year. Overall, consumption showed a deep downturn. Sulphite wrapping paper consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Sulphite Wrapping Paper Production in Republic of Korea

In value terms, sulphite wrapping paper production declined to $X in 2022 estimated in export price. Overall, production showed a abrupt decrease. The growth pace was the most rapid in 2021 when the production volume increased by X% against the previous year. Sulphite wrapping paper production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Sulphite Wrapping Paper Exports

Exports from Republic of Korea

In 2022, approx. X tons of sulphite wrapping paper were exported from South Korea; picking up by X% compared with the previous year. Over the period under review, exports posted a significant expansion. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, sulphite wrapping paper exports surged to $X in 2022. In general, exports saw significant growth. The growth pace was the most rapid in 2014 when exports increased by X%. Over the period under review, the exports attained the peak figure in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

Indonesia (X tons) was the main destination for sulphite wrapping paper exports from South Korea, with a X% share of total exports. Moreover, sulphite wrapping paper exports to Indonesia exceeded the volume sent to the second major destination, Senegal (X tons), fourfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Indonesia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Senegal (X% per year) and El Salvador (X% per year).

In value terms, Indonesia ($X) remains the key foreign market for sulphite wrapping paper exports from South Korea, comprising X% of total exports. The second position in the ranking was taken by Senegal ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Indonesia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Senegal (X% per year) and El Salvador (X% per year).

Export Prices by Country

The average sulphite wrapping paper export price stood at $X per ton in 2022, flattening at the previous year. Over the period under review, the export price, however, recorded a pronounced slump. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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

Sulphite Wrapping Paper Imports

Imports into Republic of Korea

In 2022, purchases abroad of sulphite wrapping paper decreased by X% to X tons, falling for the second consecutive year after four years of growth. Over the period under review, imports, however, continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, sulphite wrapping paper imports reduced notably to $X in 2022. In general, imports, however, continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2020 with an increase of X%. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

The Czech Republic (X tons), China (X tons) and Italy (X tons) were the main suppliers of sulphite wrapping paper imports to South Korea, with a combined X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X) constituted the largest supplier of sulphite wrapping paper to South Korea, comprising X% of total imports. The second position in the ranking was taken by the Czech Republic ($X), with a X% share of total imports. It was followed by France, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Italy totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (X% per year) and France (X% per year).

Import Prices by Country

In 2022, the average sulphite wrapping paper import price amounted to $X per ton, jumping by X% against the previous year. In general, the import price posted a prominent expansion. The pace of growth appeared the most rapid in 2016 when the average import price increased by X%. Over the period under review, average import prices attained the maximum at $X per ton in 2019; however, from 2020 to 2022, import prices remained at a 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 Italy ($X per ton), while the price for the Czech Republic ($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 Netherlands (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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