Price for Tableware, Kitchenware, Other Household Articles and Toilet Articles; of Porcelain or China in South Korea - 2022

Contents:

1. Price for Tableware, Kitchenware, Other Household Articles and Toilet Articles; of Porcelain or China in South Korea (CIF) - 2022
2. Price for Tableware, Kitchenware, Other Household Articles and Toilet Articles; of Porcelain or China in South Korea (FOB) - 2022
3. Imports of Tableware, Kitchenware, Other Household Articles and Toilet Articles; of Porcelain or China in South Korea
4. Exports of Tableware, Kitchenware, Other Household Articles and Toilet Articles; of Porcelain or China in South Korea

Price for Tableware, Kitchenware, Other Household Articles and Toilet Articles; of Porcelain or China in South Korea (CIF) - 2022

In 2022, the average import price for tableware, kitchenware, other household articles and toilet articles; of porcelain or china amounted to $5,806 per ton, growing by 4.2% against the previous year. Over the period under review, import price indicated a buoyant increase 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 tableware, kitchenware, other household articles and toilet articles; of porcelain or china increased by +25.2% against 2019 indices. The most prominent rate of growth was recorded in 2015 an increase of 20% against the previous year. The import price peaked in 2022 and is likely to see steady growth in the near future.

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 Germany ($27,678 per ton), while the price for China ($3,736 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+7.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Tableware, Kitchenware, Other Household Articles and Toilet Articles; of Porcelain or China in South Korea (FOB) - 2022

The average export price for tableware, kitchenware, other household articles and toilet articles; of porcelain or china stood at $9,158 per ton in 2022, rising by 1.6% against the previous year. Over the last decade, it increased at an average annual rate of +2.7%. The pace of growth appeared the most rapid in 2021 when the average export price increased by 30% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Spain ($26,860 per ton), while the average price for exports to the Philippines ($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 Spain (+15.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Tableware, Kitchenware, Other Household Articles and Toilet Articles; of Porcelain or China in South Korea

In 2022, imports of tableware, kitchenware, other household articles and toilet articles; of porcelain or china into South Korea reduced to 23K tons, with a decrease of -6.6% on the year before. In general, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 22%. As a result, imports reached the peak of 25K tons, and then declined in the following year.

In value terms, imports of tableware, kitchenware, other household articles and toilet articles; of porcelain or china dropped to $135M in 2022. The total import value increased at an average annual rate of +8.3% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 41%. As a result, imports reached the peak of $138M, and then dropped modestly in the following year.

Top Suppliers of Tableware, Kitchenware, Other Household Articles and Toilet Articles; of Porcelain or China to South Korea in 2022:

1. China (19.4K tons)
2. Indonesia (1.0K tons)
3. Japan (0.9K tons)
4. Germany (0.6K tons)

Exports of Tableware, Kitchenware, Other Household Articles and Toilet Articles; of Porcelain or China in South Korea

Exports of tableware, kitchenware, other household articles and toilet articles; of porcelain or china from South Korea reduced to 1.1K tons in 2022, which is down by -10.4% compared with 2021. Over the period under review, exports saw a abrupt descent. The growth pace was the most rapid in 2021 with an increase of 17%.

In value terms, exports of tableware, kitchenware, other household articles and toilet articles; of porcelain or china reduced to $9.9M in 2022. In general, exports showed a mild slump. The pace of growth was the most pronounced in 2021 with an increase of 52%. As a result, the exports attained the peak of $11M, and then shrank in the following year.

Top Export Markets for Tableware, Kitchenware, Other Household Articles and Toilet Articles; of Porcelain or China from South Korea in 2022:

1. Denmark (348.5 tons)
2. China (252.0 tons)
3. United States (135.4 tons)
4. Philippines (59.9 tons)
5. Japan (56.3 tons)
6. Italy (39.3 tons)
7. Taiwan (Chinese) (37.7 tons)
8. Mongolia (19.0 tons)
9. United Kingdom (13.5 tons)

Source: IndexBox Market Intelligence Platform