PRODUCT MARKET STUDY (PMS) 2007 CERAMIC SANITARY WARE
1. MARKET: Republic of Korea (ROK)
2. DEFINITION OF PRODUCTS
Ceramic sanitary ware is classified as HS code 691010.
The details of items by sub-division are as follows:
HS Code & Item Descriptions
|69: Ceramic products |
|691010: Of porcelain or china |
| |6910.10.1000 | wash basins |
| | | |
| | | |
| | | |
| | 2000 | baths |
| | 3000 | water closet pans |
| | 4000 | urinals |
| | 9000 |other |
Source: Korea Customs Service (www.customs.go.kr))
3. THE PURPOSE OF PMS
This report is to provide relevant information on local ceramic sanitary ware market in order to increase Malaysian market share in Korea by featuring the current trend and future prospects.
4. ROK’S GLOBAL TRADE OF CERAMIC SANITARY WARE
In 2006, Korea’s global exports of ceramic sanitary ware (HS: 691010) amounted to US$2.84 million, down by 8.3 percent from 2005.
In the first nine months of 2007, Korea’s global exports recorded US$ 2.29 million, up 5.2% from the corresponding period of 2006.
Based on 2007(1-9) period, top 5 global export markets for Korea included Kazakhstan, Japan, Singapore, Philippines, and China. During the period, Korea’s total exports showed strength in other ceramic sanitary ware