Commercial Printing Price in South Korea - 2022
Contents:
- Commercial Printing Price in South Korea (FOB) - 2022
- Commercial Printing Price in South Korea (CIF) - 2022
- Commercial Printing Exports in South Korea
- Commercial Printing Imports in South Korea
Commercial Printing Price in South Korea (FOB) - 2022
In 2022, the average commercial printing export price amounted to $6,809 per ton, dropping by -1.9% against the previous year. Overall, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 10%. The export price peaked at $8,001 per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($15,855 per ton), while the average price for exports to Tanzania ($849 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 Japan (+6.8%), while the prices for the other major destinations experienced more modest paces of growth.
Commercial Printing Price in South Korea (CIF) - 2022
In December 2022, the average commercial printing import price amounted to $15,010 per ton, waning by -10.7% against the previous month. Over the period under review, the import price continues to indicate a slight contraction. The most prominent rate of growth was recorded in July 2022 when the average import price increased by 25% against the previous month. As a result, import price attained the peak level of $22,438 per ton. From August 2022 to December 2022, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In December 2022, the country with the highest price was the United States ($39,019 per ton), while the price for Indonesia ($2,128 per ton) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by the UK (+1.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Commercial Printing Exports in South Korea
In 2022, the amount of commercial printing (except screen and books) exported from South Korea expanded remarkably to 68K tons, growing by 15% compared with the previous year's figure. The total export volume increased at an average annual rate of +8.9% from 2019 to 2022; however, 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 21%. The exports peaked in 2022 and are likely to see gradual growth in the near future.
In value terms, commercial printing exports stood at $461M in 2022. The total export value increased at an average annual rate of +10.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 18% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of Commercial Printing in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 102 | 106 | 130 | 171 | 18.8% |
| Japan | 56.3 | 51.4 | 74.5 | 74.3 | 9.7% |
| China | 18.0 | 22.2 | 36.7 | 65.6 | 53.9% |
| Vietnam | 20.9 | 35.3 | 23.9 | 23.6 | 4.1% |
| Australia | 11.0 | 8.7 | 9.2 | 10.5 | -1.5% |
| Philippines | 7.6 | 4.8 | 5.5 | 8.8 | 5.0% |
| Indonesia | 9.8 | 10.8 | 9.4 | 8.2 | -5.8% |
| United Kingdom | 6.6 | 4.2 | 4.6 | 4.9 | -9.5% |
| Senegal | 4.0 | 3.5 | 5.3 | 3.5 | -4.4% |
| Mozambique | 4.2 | 1.6 | 3.0 | 2.8 | -12.6% |
| Pakistan | 0.6 | 1.5 | 0.5 | 1.9 | 46.8% |
| Tanzania | 1.2 | 0.9 | 0.7 | 1.7 | 12.3% |
| Others | 95.4 | 95.4 | 106 | 84.7 | -3.9% |
| Total | 338 | 346 | 409 | 461 | 10.9% |
Top Export Markets for Commercial Printing from South Korea in 2022:
- United States (25.4K tons)
- China (6.4K tons)
- Japan (4.7K tons)
- Australia (2.9K tons)
- Tanzania (2.0K tons)
- Philippines (1.9K tons)
- Vietnam (1.9K tons)
- Mozambique (1.8K tons)
- Pakistan (1.6K tons)
- Indonesia (1.5K tons)
- Senegal (1.5K tons)
- United Kingdom (1.3K tons)
Commercial Printing Imports in South Korea
In 2022, approx. 24K tons of commercial printing (except screen and books) were imported into South Korea; declining by -4% against 2021 figures. In general, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 13%. As a result, imports reached the peak of 25K tons, and then contracted modestly in the following year.
In value terms, commercial printing imports contracted slightly to $325M in 2022. The total import value increased at an average annual rate of +5.2% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 33% against the previous year. As a result, imports reached the peak of $340M, and then shrank in the following year.
| Import of Commercial Printing in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 43.8 | 55.1 | 78.5 | 87.0 | 25.7% |
| China | 57.8 | 52.2 | 70.0 | 85.2 | 13.8% |
| Japan | 41.4 | 31.1 | 35.0 | 43.9 | 2.0% |
| United Kingdom | 16.6 | 16.6 | 21.0 | 23.0 | 11.5% |
| Germany | 20.3 | 18.1 | 21.3 | 18.3 | -3.4% |
| Malaysia | 1.7 | 5.6 | 12.9 | 14.0 | 101.9% |
| Italy | 4.6 | 4.5 | 6.5 | 9.4 | 26.9% |
| Singapore | 12.9 | 10.5 | 11.5 | 7.5 | -16.5% |
| Hong Kong SAR | 9.9 | 9.2 | 10.3 | 3.8 | -27.3% |
| Indonesia | 1.5 | 1.5 | 2.3 | 1.9 | 8.2% |
| Russia | 4.3 | 6.6 | 9.6 | 1.6 | -28.1% |
| Others | 64.5 | 43.9 | 60.9 | 29.6 | -22.9% |
| Total | 279 | 255 | 340 | 325 | 5.2% |
Top Suppliers of Commercial Printing to South Korea in 2022:
- China (13.3K tons)
- United States (2.9K tons)
- Japan (2.3K tons)
- Malaysia (1.0K tons)
- Indonesia (0.8K tons)
- United Kingdom (0.7K tons)
- Italy (0.5K tons)
- Germany (0.4K tons)
- Singapore (0.3K tons)
- Hong Kong SAR (0.3K tons)
- Russia (0.1K tons)
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