Republic of Korea - Plastic Baths, Shower-Baths, Sinks And Wash-Basins - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Plastic Bath or Sink in South Korea - 2022
Contents:
- Price for Plastic Bath or Sink in South Korea (CIF) - 2022
- Price for Plastic Bath or Sink in South Korea (FOB) - 2022
- Imports of Plastic Bath or Sink in South Korea
- Exports of Plastic Bath or Sink in South Korea
Price for Plastic Bath or Sink in South Korea (CIF) - 2022
In 2022, the average plastic bath or sink import price amounted to $107 per unit, rising by 13% against the previous year. Overall, the import price, however, saw a perceptible decline. Over the period under review, average import prices attained the peak figure at $144 per unit in 2012; however, from 2013 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 ($166 per unit), while the price for China amounted to $102 per unit.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-0.3%).
Price for Plastic Bath or Sink in South Korea (FOB) - 2022
In December 2022, the average plastic bath or sink export price amounted to $120 per unit, shrinking by -24.7% against the previous month. Overall, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in March 2022 when the average export price increased by 23% against the previous month. The export price peaked at $159 per unit in November 2022, and then fell sharply in the following month.
There were significant differences in the average prices for the major external markets. In December 2022, the country with the highest price was Israel ($287 per unit), while the average price for exports to the United States amounted to $108 per unit.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+2.2%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Plastic Bath or Sink in South Korea
After three years of growth, overseas purchases of plastic baths, shower-baths, sinks and wash-basins decreased by -49.2% to 121K units in 2022. Overall, imports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 93% against the previous year. As a result, imports reached the peak of 238K units, and then reduced remarkably in the following year.
In value terms, plastic bath or sink imports contracted dramatically to $13M in 2022. Over the period under review, imports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 105%. As a result, imports attained the peak of $23M, and then reduced remarkably in the following year.
| Import of Plastic Bath or Sink in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 5.8 | 10.1 | 21.4 | 11.8 | 26.7% |
| Italy | 0.4 | 0.3 | 0.6 | 0.6 | 14.5% |
| Others | 0.7 | 0.6 | 0.5 | 0.6 | -5.0% |
| Total | 6.9 | 11.0 | 22.6 | 12.9 | 23.2% |
Top Suppliers of Plastic Bath or Sink to South Korea in 2022:
- China (115.6K units)
- Italy (3.5K units)
Exports of Plastic Bath or Sink in South Korea
In 2022, plastic bath or sink exports from South Korea soared to 46K units, increasing by 16% against 2021 figures. Over the period under review, exports showed significant growth. The growth pace was the most rapid in 2020 with an increase of 86%. The exports peaked in 2022 and are expected to retain growth in years to come.
In value terms, plastic bath or sink exports expanded slightly to $5.8M in 2022. Overall, total exports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +23.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +88.0% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 43% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the near future.
| Export of Plastic Bath or Sink in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 0.6 | 2.1 | 3.2 | 4.1 | 89.8% |
| Japan | 0.6 | 0.5 | 0.6 | 0.4 | -12.6% |
| Spain | 0.3 | 0.2 | 0.2 | 0.1 | -30.7% |
| Others | 1.6 | 1.5 | 1.5 | 1.2 | -9.1% |
| Total | 3.1 | 4.4 | 5.5 | 5.8 | 23.2% |
Top Export Markets for Plastic Bath or Sink from South Korea in 2022:
- United States (38.7K units)
- Japan (1.3K units)
- Spain (0.7K units)
This report provides an in-depth analysis of the market for plastic bath or sink 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 2030.
Product coverage:
- Prodcom 22231250 - Plastic baths, shower-baths, sinks and wash-basins
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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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