Plaster Market Overview in South Korea
In value terms, plaster production contracted dramatically to $ in 2018 estimated in export prices. The total output value increased at an average annual rate of +% from 2007 to 2018; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2008 when the production volume increased by % against the previous year. Over the period under review, production attained the maximum level at $ in 2017, and then dropped rapidly in the following year.
The value of the plaster market in South Korea rose sharply to $ in 2018, growing by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, recorded a mild decrease. Over the period under review, the market hit record highs at $ in 2012; however, from 2013 to 2018, consumption stood at a somewhat lower figure.