Republic of Korea: Market for Woven Fabrics Of Metal Thread And Woven Fabrics Of Metallised Yarn 2024

Market Size for Woven Fabrics Of Metal Thread And Woven Fabrics Of Metallised Yarn in Republic of Korea

In 2022, the South Korean metal thread woven fabric market decreased by -47.1% to $X for the first time since 2011, thus ending a ten-year rising trend. In general, consumption, however, posted a significant increase. As a result, consumption reached the peak level of $X, and then contracted notably in the following year.

Production of Woven Fabrics Of Metal Thread And Woven Fabrics Of Metallised Yarn in Republic of Korea

In value terms, metal thread woven fabric production surged to $X in 2022 estimated in export price. Overall, production, however, recorded a abrupt decrease. Metal thread woven fabric production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Woven Fabrics Of Metal Thread And Woven Fabrics Of Metallised Yarn

Exports from Republic of Korea

In 2022, the amount of woven fabrics of metal thread and woven fabrics of metallised yarn exported from South Korea skyrocketed to X square meters, with an increase of 56% on the previous year's figure. Overall, exports, however, recorded a abrupt decrease. The exports peaked at X square meters in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, metal thread woven fabric exports shrank notably to $X in 2022. Over the period under review, exports, however, continue to indicate a drastic downturn. The pace of growth was the most pronounced in 2021 with an increase of 67% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Vietnam (X square meters) was the main destination for metal thread woven fabric exports from South Korea, accounting for a 230% share of total exports. Moreover, metal thread woven fabric exports to Vietnam exceeded the volume sent to the second major destination, South Africa (X square meters), threefold. The third position in this ranking was taken by Morocco (X square meters), with a 29% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Vietnam amounted to +30.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Africa (-9.9% per year) and Morocco (-19.9% per year).

In value terms, Vietnam ($X) remains the key foreign market for woven fabrics of metal thread and woven fabrics of metallised yarn exports from South Korea, comprising 171% of total exports. The second position in the ranking was taken by the United States ($X), with a 26% share of total exports. It was followed by the Philippines, with a 13% share.

From 2012 to 2022, the average annual growth rate of value to Vietnam totaled +32.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-15.2% per year) and the Philippines (-14.0% per year).

Export Prices by Country

The average metal thread woven fabric export price stood at $X per square meter in 2022, falling by -48.8% against the previous year. Over the period under review, the export price, however, saw a significant expansion. The pace of growth appeared the most rapid in 2021 an increase of 255%. As a result, the export price reached the peak level of $X per square meter, and then dropped dramatically in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per square meter), while the average price for exports to Bahrain ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+22.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Woven Fabrics Of Metal Thread And Woven Fabrics Of Metallised Yarn

Imports into Republic of Korea

In 2022, after ten years of growth, there was significant decline in supplies from abroad of woven fabrics of metal thread and woven fabrics of metallised yarn, when their volume decreased by -17% to X square meters. In general, imports, however, saw a resilient increase. The pace of growth appeared the most rapid in 2021 when imports increased by 51% against the previous year. As a result, imports reached the peak of X square meters, and then fell significantly in the following year.

In value terms, metal thread woven fabric imports shrank remarkably to $X in 2022. Overall, imports, however, saw a strong expansion. The growth pace was the most rapid in 2015 with an increase of 89% against the previous year. Imports peaked at $X in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Vietnam (X square meters), China (X square meters) and France (X square meters) were the main suppliers of metal thread woven fabric imports to South Korea.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of +55.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of woven fabrics of metal thread and woven fabrics of metallised yarn to South Korea, comprising 46% of total imports. The second position in the ranking was taken by France ($X), with a 13% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +13.2%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+5.3% per year) and Vietnam (+49.3% per year).

Import Prices by Country

In 2022, the average metal thread woven fabric import price amounted to $X per square meter, remaining constant against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. Over the period under review, average import prices attained the peak figure at $X per square meter in 2020; however, from 2021 to 2022, import prices stood at a somewhat 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 France ($X per square meter), while the price for Vietnam ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-0.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :