Price for Textile Fabrics; Tyrecord of High Tenacity Yarn of Viscose Rayon in South Korea - 2022

Contents:

1. Price for Textile Fabrics; Tyrecord of High Tenacity Yarn of Viscose Rayon in South Korea (FOB) - 2022
2. Price for Textile Fabrics; Tyrecord of High Tenacity Yarn of Viscose Rayon in South Korea (CIF) - 2022
3. Exports of Textile Fabrics; Tyrecord of High Tenacity Yarn of Viscose Rayon in South Korea
4. Imports of Textile Fabrics; Tyrecord of High Tenacity Yarn of Viscose Rayon in South Korea

Price for Textile Fabrics; Tyrecord of High Tenacity Yarn of Viscose Rayon in South Korea (FOB) - 2022

The average export price for textile fabrics; tyrecord of high tenacity yarn of viscose raya stood at $21,099 per ton in 2022, rising by 15% against the previous year. Over the period under review, the export price enjoyed a prominent increase. The most prominent rate of growth was recorded in 2020 an increase of 57% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Hungary ($30,726 per ton), while the average price for exports to Germany ($6,913 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+14.6%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Textile Fabrics; Tyrecord of High Tenacity Yarn of Viscose Rayon in South Korea (CIF) - 2022

The average import price for textile fabrics; tyrecord of high tenacity yarn of viscose raya stood at $12,952 per ton in 2022, jumping by 47% against the previous year. Over the period under review, import price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of +6.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for textile fabrics; tyrecord of high tenacity yarn of viscose raya increased by +116.5% against 2015 indices. 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 2022, amid the top importers, the country with the highest price was Thailand ($38,741 per ton), while the price for China ($2,617 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+3.2%), while the prices for the other major suppliers experienced a decline.

Exports of Textile Fabrics; Tyrecord of High Tenacity Yarn of Viscose Rayon in South Korea

In 2022, after three years of growth, there was significant decline in shipments abroad of textile fabrics; tyrecord of high tenacity yarn of viscose raya, when their volume decreased by -8.9% to 343 tons. The total export volume increased at an average annual rate of +5.4% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when exports increased by 21% against the previous year. As a result, the exports reached the peak of 377 tons, and then dropped in the following year.

In value terms, exports of textile fabrics; tyrecord of high tenacity yarn of viscose raya rose slightly to $7.2M in 2022. Over the period under review, exports, however, enjoyed significant growth. The pace of growth was the most pronounced in 2020 when exports increased by 67%. Over the period under review, the exports of reached the peak figure in 2022 and are likely to continue growth in the near future.

Top Export Markets for Textile Fabrics; Tyrecord of High Tenacity Yarn of Viscose Rayon from South Korea in 2022:

1. China (196.2 tons)
2. Germany (73.1 tons)
3. Hungary (45.6 tons)
4. Netherlands (16.2 tons)
5. Vietnam (10.4 tons)

Imports of Textile Fabrics; Tyrecord of High Tenacity Yarn of Viscose Rayon in South Korea

In 2022, imports of textile fabrics; tyrecord of high tenacity yarn of viscose raya into South Korea fell notably to 94 tons, declining by -89.2% on 2021 figures. Overall, imports saw a sharp slump. The pace of growth appeared the most rapid in 2021 with an increase of 57% against the previous year.

In value terms, imports of textile fabrics; tyrecord of high tenacity yarn of viscose raya declined markedly to $1.2M in 2022. In general, imports recorded a significant curtailment. The growth pace was the most rapid in 2021 with an increase of 67% against the previous year. As a result, imports attained the peak of $7.6M, and then contracted significantly in the following year.

Top Suppliers of Textile Fabrics; Tyrecord of High Tenacity Yarn of Viscose Rayon to South Korea in 2022:

1. Germany (62.7 tons)
2. Thailand (16.6 tons)
3. China (13.8 tons)

Source: IndexBox Market Intelligence Platform