Price for Table Linen; of Man-Made Fibres, Not Knitted or Crocheted in South Korea - 2022

Contents:

1. Price for Table Linen; of Man-Made Fibres, Not Knitted or Crocheted in South Korea (CIF) - 2022
2. Price for Table Linen; of Man-Made Fibres, Not Knitted or Crocheted in South Korea (FOB) - 2022
3. Imports of Table Linen; of Man-Made Fibres, Not Knitted or Crocheted in South Korea
4. Exports of Table Linen; of Man-Made Fibres, Not Knitted or Crocheted in South Korea

Price for Table Linen; of Man-Made Fibres, Not Knitted or Crocheted in South Korea (CIF) - 2022

The average import price for table linen; of man-made fibres, not knitted or crocheteds stood at $7,852 per ton in 2022, falling by -17.2% against the previous year. Over the period under review, the import price saw a mild shrinkage. The most prominent rate of growth was recorded in 2014 when the average import price increased by 17%. As a result, import price attained the peak level of $10,363 per ton. From 2015 to 2022, the average import prices failed to regain momentum.

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 Japan ($27,808 per ton), while the price for Vietnam ($2,000 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+19.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Table Linen; of Man-Made Fibres, Not Knitted or Crocheted in South Korea (FOB) - 2022

In 2022, the average export price for table linen; of man-made fibres, not knitted or crocheteds amounted to $42,999 per ton, picking up by 117% against the previous year. In general, the export price continues to indicate a significant expansion. The growth pace was the most rapid in 2014 an increase of 271% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is likely to continue growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Cambodia ($58,000 per ton), while the average price for exports to Canada ($19,917 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 (+42.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Table Linen; of Man-Made Fibres, Not Knitted or Crocheted in South Korea

In 2022, the amount of table linen; of man-made fibres, not knitted or crocheteds imported into South Korea amounted to 220 tons, increasing by 6.1% on 2021 figures. Over the period under review, total imports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +17.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +66.9% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 57%. Imports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, imports of table linen; of man-made fibres, not knitted or crocheteds shrank to $1.7M in 2022. Overall, imports continue to indicate a resilient expansion. The pace of growth appeared the most rapid in 2021 with an increase of 80% against the previous year. As a result, imports reached the peak of $2M, and then dropped in the following year.

Top Suppliers of Table Linen; of Man-Made Fibres, Not Knitted or Crocheted to South Korea in 2022:

1. China (215.4 tons)

Exports of Table Linen; of Man-Made Fibres, Not Knitted or Crocheted in South Korea

In 2022, approx. 769 kg of table linen; of man-made fibres, not knitted or crocheteds were exported from South Korea; jumping by 40% on the previous year's figure. In general, total exports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +11.9% 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 decreased by -5.2% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 48%. As a result, the exports reached the peak of 811 kg. From 2021 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of table linen; of man-made fibres, not knitted or crocheteds soared to $33K in 2022. Overall, exports enjoyed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Table Linen; of Man-Made Fibres, Not Knitted or Crocheted from South Korea in 2022:

1. United States (339.0 kg)
2. Cambodia (124.0 kg)
3. Australia (74.0 kg)
4. Vietnam (54.0 kg)
5. Hong Kong SAR (44.0 kg)
6. New Zealand (26.0 kg)
7. Canada (24.0 kg)

Source: IndexBox Market Intelligence Platform