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Report Republic of Korea - Yarn Spun From Silk Waste - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Jan 1, 2025

Republic of Korea - Yarn Spun From Silk Waste - Market Analysis, Forecast, Size, Trends and Insights

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Republic of Korea: Spun Yarn Market 2021

Spun Yarn Market Size in Republic of Korea

For the third consecutive year, the South Korean spun yarn market recorded decline in sales value, which decreased by -X% to $X in 2019. Overall, consumption showed a dramatic decrease. The pace of growth appeared the most rapid in 2016 when the market value increased by X% against the previous year. Over the period under review, the market attained the maximum level at $X in 2007; however, from 2008 to 2019, consumption failed to regain the momentum.

Spun Yarn Exports

Exports from Republic of Korea

In 2019, overseas shipments of yarn spun from silk waste increased by X% to X tons for the first time since 2015, thus ending a three-year declining trend. Over the period under review, exports, however, saw a pronounced setback. The most prominent rate of growth was recorded in 2009 when exports increased by X% against the previous year. Exports peaked at X tons in 2015; however, from 2016 to 2019, exports stood at a somewhat lower figure.

In value terms, spun yarn exports declined notably to $X in 2019. In general, exports, however, continue to indicate a dramatic curtailment. The growth pace was the most rapid in 2009 when exports increased by X% year-to-year. Over the period under review, exports attained the maximum at $X in 2013; however, from 2014 to 2019, exports remained at a lower figure.

Exports by Country

Singapore (X tons) was the main destination for spun yarn exports from South Korea, with a X% share of total exports. Moreover, spun yarn exports to Singapore exceeded the volume sent to the second major destination, Indonesia (X kg), fivefold.

From 2007 to 2019, the average annual growth rate of volume to Singapore stood at +X%.

In value terms, Singapore ($X) and Indonesia ($X) were the largest markets for spun yarn exported from South Korea worldwide.

In terms of the main countries of destination, Indonesia recorded the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

The average spun yarn export price stood at $X per ton in 2019, shrinking by -X% against the previous year. In general, the export price recorded a deep slump. The growth pace was the most rapid in 2013 an increase of X% against the previous year. Over the period under review, average export prices attained the maximum at $X per ton in 2014; however, from 2015 to 2019, export prices failed to regain the momentum.

Prices varied noticeably by the country of destination; the country with the highest price was Indonesia ($X per ton), while the average price for exports to Singapore amounted to $X per ton.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia.

Spun Yarn Imports

Imports into Republic of Korea

In 2019, the amount of yarn spun from silk waste imported into South Korea dropped remarkably to X tons, which is down by -X% against the year before. In general, imports saw a dramatic slump. The growth pace was the most rapid in 2016 when imports increased by X% y-o-y. Imports peaked at X tons in 2007; however, from 2008 to 2019, imports failed to regain the momentum.

In value terms, spun yarn imports fell to $X in 2019. Overall, imports saw a precipitous descent. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. Imports peaked at $X in 2007; however, from 2008 to 2019, imports stood at a somewhat lower figure.

Imports by Country

In 2019, China (X tons) constituted the largest spun yarn supplier to South Korea, accounting for a X% share of total imports. Moreover, spun yarn imports from China exceeded the figures recorded by the second-largest supplier, Italy (X tons), fivefold.

From 2007 to 2019, the average annual rate of growth in terms of volume from China totaled -X%.

In value terms, China ($X) constituted the largest supplier of spun yarn to South Korea, comprising X% of total imports. The second position in the ranking was occupied by Italy ($X), with a X% share of total imports.

From 2007 to 2019, the average annual growth rate of value from China totaled -X%.

Import Prices by Country

In 2019, the average spun yarn import price amounted to $X per ton, rising by X% against the previous year. Over the period under review, import price indicated a moderate increase from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2011 an increase of X% y-o-y. The import price peaked in 2019 and is expected to retain growth in the near future.

Prices varied noticeably by the country of origin; the country with the highest price was Italy ($X per ton), while the price for China stood at $X per ton.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by China.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

The country with the largest volume of spun yarn consumption was China, accounting for 72% of total volume. Moreover, spun yarn consumption in China exceeded the figures recorded by the second-largest consumer, Italy, tenfold. Japan ranked third in terms of total consumption with a 4.8% share.
China remains the largest spun yarn producing country worldwide, accounting for 92% of total volume. Moreover, spun yarn production in China exceeded the figures recorded by the second-largest producer, Thailand, more than tenfold.
In value terms, China constituted the largest supplier of spun yarn to South Korea, comprising 76% of total imports. The second position in the ranking was occupied by Italy, with a 23% share of total imports.
In value terms, the largest markets for spun yarn exported from South Korea were Singapore and Indonesia.
In 2019, the average spun yarn export price amounted to $2,695 per ton, shrinking by -81.7% against the previous year.
In 2019, the average spun yarn import price amounted to $56,527 per ton, growing by 28% against the previous year.

This report provides an in-depth analysis of the spun yarn market in Republic of Korea. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.

Product coverage:

  • Prodcom 13104030 - Yarn spun from silk waste, n.p.r.s.

Country coverage:

  • South Korea

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Republic of Korea
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2024
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2024
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. LIST OF TABLES

    1. Key Findings In 2024
    2. Market Volume, In Physical Terms, 2012–2024
    3. Market Value, 2012–2024
    4. Per Capita Consumption In 2012-2024
    5. Imports, In Physical Terms, By Country, 2012–2024
    6. Imports, In Value Terms, By Country, 2012–2024
    7. Import Prices, By Country Of Origin, 2012–2024
    8. Exports, In Physical Terms, By Country, 2012–2024
    9. Exports, In Value Terms, By Country, 2012–2024
    10. Export Prices, By Country Of Destination, 2012–2024

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2024
    2. Market Value, 2012–2024
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
    5. Trade Balance, In Physical Terms, 2012-2024
    6. Trade Balance, In Value Terms, 2012-2024
    7. Per Capita Consumption, 2012-2024
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2024
    22. Production, In Value Terms, 2012–2024
    23. Imports, In Physical Terms, 2012–2024
    24. Imports, In Value Terms, 2012–2024
    25. Imports, In Physical Terms, By Country, 2024
    26. Imports, In Physical Terms, By Country, 2012–2024
    27. Imports, In Value Terms, By Country, 2012–2024
    28. Import Prices, By Country Of Origin, 2012–2024
    29. Exports, In Physical Terms, 2012–2024
    30. Exports, In Value Terms, 2012–2024
    31. Exports, In Physical Terms, By Country, 2024
    32. Exports, In Physical Terms, By Country, 2012–2024
    33. Exports, In Value Terms, By Country, 2012–2024
    34. Export Prices, By Country Of Destination, 2012–2024

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