Republic of Korea: Market for Safety glass, toughened (tempered), of size and shape suitable for incorporation in vehicles, aircraft, spacecraft or vessels 2022

Market Size for Safety glass, toughened (tempered), of size and shape suitable for incorporation in vehicles, aircraft, spacecraft or vessels in Republic of Korea

After three years of growth, the South Korean market for safety glass, toughened (tempered), of size and shape suitable for incorporation in vehicles, aircraft, spacecraft or vesselses decreased by -X% to $X in 2020. In general, the total consumption indicated a slight expansion from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, consumption increased by +X% against 2013 indices. The growth pace was the most rapid in 2019 when the market value increased by X% year-to-year. As a result, consumption reached the peak level of $X, and then contracted slightly in the following year.

Production of Safety glass, toughened (tempered), of size and shape suitable for incorporation in vehicles, aircraft, spacecraft or vessels in Republic of Korea

In value terms, production of safety glass, toughened (tempered), of size and shape suitable for incorporation in vehicles, aircraft, spacecraft or vesselses dropped to $X in 2020 estimated in export prices. Over the period under review, the total production indicated a mild increase from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, production increased by +X% against 2013 indices. The most prominent rate of growth was recorded in 2019 when the production volume increased by X% year-to-year. As a result, production reached the peak level of $X, and then dropped in the following year.

Exports of Safety glass, toughened (tempered), of size and shape suitable for incorporation in vehicles, aircraft, spacecraft or vessels

Exports from Republic of Korea

In 2020, the amount of safety glass, toughened (tempered), of size and shape suitable for incorporation in vehicles, aircraft, spacecraft or vesselses exported from South Korea fell to X square meters, with a decrease of -X% on the previous year's figure. In general, exports recorded a deep contraction. The pace of growth was the most pronounced in 2013 when exports increased by X% y-o-y. As a result, exports attained the peak of X square meters. from 2014 to 2020, the growth of exports remained at a lower figure.

In value terms, exports of safety glass, toughened (tempered), of size and shape suitable for incorporation in vehicles, aircraft, spacecraft or vesselses contracted sharply to $X in 2020. Overall, exports showed a deep slump. The pace of growth appeared the most rapid in 2011 when exports increased by X% y-o-y. Exports peaked at $X in 2008; however, from 2009 to 2020, exports remained at a lower figure.

Exports by Country

China (X square meters), Japan (X square meters) and the U.S. (X square meters) were the main destinations of exports of safety glass, toughened (tempered), of size and shape suitable for incorporation in vehicles, aircraft, spacecraft or vesselses from South Korea, together comprising X% of total exports.

From 2007 to 2020, the biggest increases were in the U.S., while shipments for the other leaders experienced a decline.

In value terms, the largest markets for safety glass, toughened (tempered), of size and shape suitable for incorporation in vehicles, aircraft, spacecraft or vessels exported from South Korea were the U.S. ($X), China ($X) and Japan ($X), with a combined X% share of total exports.

Among the main countries of destination, the U.S. saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average export price for safety glass, toughened (tempered), of size and shape suitable for incorporation in vehicles, aircraft, spacecraft or vesselses stood at $X per square meter in 2020, declining by -X% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2019 an increase of X% against the previous year. As a result, export price reached the peak level of $X per square meter, and then fell slightly in the following year.

There were significant differences in the average prices for the major foreign markets. In 2020, the country with the highest price was the U.S. ($X per square meter), while the average price for exports to Japan ($X per square meter) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to China, while the prices for the other major destinations experienced a decline.

Imports of Safety glass, toughened (tempered), of size and shape suitable for incorporation in vehicles, aircraft, spacecraft or vessels

Imports into Republic of Korea

In 2020, supplies from abroad of safety glass, toughened (tempered), of size and shape suitable for incorporation in vehicles, aircraft, spacecraft or vesselses decreased by -X% to X square meters, falling for the sixth consecutive year after two years of growth. In general, imports showed a abrupt decline. The pace of growth was the most pronounced in 2010 with an increase of X% year-to-year. As a result, imports attained the peak of X square meters. from 2011 to 2020, the growth of imports remained at a somewhat lower figure.

In value terms, imports of safety glass, toughened (tempered), of size and shape suitable for incorporation in vehicles, aircraft, spacecraft or vesselses surged to $X in 2020. Overall, imports showed a noticeable decline. Over the period under review, imports attained the maximum at $X in 2008; however, from 2009 to 2020, imports remained at a lower figure.

Imports by Country

In 2020, China (X square meters) was the main supplier of safety glass, toughened (tempered), of size and shape suitable for incorporation in vehicles, aircraft, spacecraft or vessels to South Korea, with a X% share of total imports. It was followed by Germany (X square meters), with a X% share of total imports.

From 2007 to 2020, the average annual rate of growth in terms of volume from China stood at -X%.

In value terms, China ($X) constituted the largest supplier of safety glass, toughened (tempered), of size and shape suitable for incorporation in vehicles, aircraft, spacecraft or vessels to South Korea, comprising X% of total imports. The second position in the ranking was occupied by Germany ($X), with a X% share of total imports.

From 2007 to 2020, the average annual growth rate of value from China totaled -X%.

Import Prices by Country

The average import price for safety glass, toughened (tempered), of size and shape suitable for incorporation in vehicles, aircraft, spacecraft or vesselses stood at $X per square meter in 2020, with an increase of X% against the previous year. Overall, the import price enjoyed a notable increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Germany ($X per square meter), while the price for China totaled $X per square meter.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by China.

Source: IndexBox Platform

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