Republic of Korea: Market for Graphic Paper with Mechanical Fibre Content Under 10% and of Weight under 40 g/m² 2025

Market Size for Graphic Paper with Mechanical Fibre Content Under 10% and of Weight under 40 g/m² in Republic of Korea

In 2021, the South Korean market for graphic paper with mechanical fibre content under 10% and of weight under X g/m² increased by 38% to $X for the first time since 2018, thus ending a two-year declining trend. The market value increased at an average annual rate of +4.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Exports of Graphic Paper with Mechanical Fibre Content Under 10% and of Weight under 40 g/m²

Exports from Republic of Korea

Exports of graphic paper with mechanical fibre content under 10% and of weight under X g/m² from South Korea expanded remarkably to X tons in 2021, growing by 12% compared with 2020. Over the period under review, exports, however, faced a deep reduction. The growth pace was the most rapid in 2018 when exports increased by 153%. Over the period under review, the exports of reached the peak figure at X tons in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, exports of graphic paper with mechanical fibre content under 10% and of weight under X g/m² reduced notably to $X in 2021. Overall, exports, however, recorded a deep contraction. The most prominent rate of growth was recorded in 2018 when exports increased by 72%. Over the period under review, the exports of attained the maximum at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Nigeria (X tons) was the main destination for exports of graphic paper with mechanical fibre content under 10% and of weight under X g/m² from South Korea, accounting for a 91% share of total exports. Moreover, exports of graphic paper with mechanical fibre content under 10% and of weight under X g/m² to Nigeria exceeded the volume sent to the second major destination, Uzbekistan (X tons), more than tenfold. The third position in this ranking was taken by Russia (X tons), with a 2.5% share.

From 2012 to 2021, the average annual growth rate of volume to Nigeria amounted to +131.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uzbekistan (-0.2% per year) and Russia (+138.1% per year).

In value terms, Nigeria ($X), Uzbekistan ($X) and Russia ($X) constituted the largest markets for graphic paper with mechanical fibre content under 10% and of weight under X g/m² exported from South Korea worldwide, together comprising 85% of total exports.

Russia, with a CAGR of +136.6%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average export price for graphic paper with mechanical fibre content under 10% and of weight under X g/m² stood at $X per ton in 2021, with a decrease of -31.7% against the previous year. Overall, the export price showed a deep downturn. The most prominent rate of growth was recorded in 2016 when the average export price increased by 40% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2017 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Uzbekistan ($X per ton), while the average price for exports to Nigeria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+23.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Graphic Paper with Mechanical Fibre Content Under 10% and of Weight under 40 g/m²

Imports into Republic of Korea

In 2021, overseas purchases of graphic paper with mechanical fibre content under 10% and of weight under X g/m² increased by 29% to X tons for the first time since 2018, thus ending a two-year declining trend. The total import volume increased at an average annual rate of +2.9% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, imports of attained the maximum at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, imports of graphic paper with mechanical fibre content under 10% and of weight under X g/m² surged to $X in 2021. The total import value increased at an average annual rate of +2.8% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, imports of attained the peak figure at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) constituted the largest graphic paper with mechanical fibre content under 10% and of weight under X g/m² supplier to South Korea, with a 57% share of total imports. Moreover, imports of graphic paper with mechanical fibre content under 10% and of weight under X g/m² from China exceeded the figures recorded by the second-largest supplier, Japan (X tons), threefold. Indonesia (X tons) ranked third in terms of total imports with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+47.2% per year) and Indonesia (+291.8% per year).

In value terms, China ($X) constituted the largest supplier of graphic paper with mechanical fibre content under 10% and of weight under X g/m² to South Korea, comprising 54% of total imports. The second position in the ranking was held by Japan ($X), with an 18% share of total imports. It was followed by Germany, with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+51.9% per year) and Germany (+72.0% per year).

Import Prices by Country

In 2021, the average import price for graphic paper with mechanical fibre content under 10% and of weight under X g/m² amounted to $X per ton, picking up by 7.8% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 10% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2012; afterwards, it flattened through to 2021.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+3.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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