Republic of Korea - Carboxylic Acid With Alcohol, Phenol, Aldehyde Or Ketone Functions - Market Analysis, Forecast, Size, Trends And Insights
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View PricingCarboxylic Acid Price in South Korea - 2022
Contents:
- Carboxylic Acid Price in South Korea (CIF) - 2022
- Carboxylic Acid Price in South Korea (FOB) - 2022
- Carboxylic Acid Imports in South Korea
- Carboxylic Acid Exports in South Korea
Carboxylic Acid Price in South Korea (CIF) - 2022
The average carboxylic acid import price stood at $5,126 per ton in 2022, stabilizing at the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of 17% against the previous year. Over the period under review, average import prices hit record highs at $5,470 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
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 Spain ($6,462 per ton), while the price for Thailand ($1,794 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+6.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Carboxylic Acid Price in South Korea (FOB) - 2022
In December 2022, the average carboxylic acid export price amounted to $6,166 per ton, rising by 2.1% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +2.0%. The most prominent rate of growth was recorded in November 2022 an increase of 16% against the previous month. The export price peaked in December 2022.
Prices varied noticeably by the country of destination: the country with the highest price was France ($34,206 per ton), while the average price for exports to Indonesia ($2,403 per ton) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (+25.0%), while the prices for the other major destinations experienced more modest paces of growth.
Carboxylic Acid Imports in South Korea
For the fourth consecutive year, South Korea recorded growth in purchases abroad of carboxylic acid with alcohol, phenol, aldehyde or ketone functions, which increased by 7.9% to 53K tons in 2022. Overall, total imports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +13.7% 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 +47.1% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 25% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.
In value terms, carboxylic acid imports rose remarkably to $273M in 2022. Over the period under review, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +14.6% 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 +50.7% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 21%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.
| Import of Carboxylic Acid in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 66.7 | 80.7 | 93.1 | 104 | 16.0% |
| Japan | 54.0 | 65.2 | 72.5 | 89.7 | 18.4% |
| Netherlands | 16.8 | 20.1 | 19.1 | 21.4 | 8.4% |
| United States | 10.6 | 7.9 | 7.4 | 12.3 | 5.1% |
| Spain | 4.3 | 4.5 | 4.1 | 5.2 | 6.5% |
| Taiwan (Chinese) | 0.7 | 0.5 | 3.5 | 4.0 | 78.8% |
| Thailand | 1.6 | 2.1 | 2.7 | 3.0 | 23.3% |
| Singapore | 2.9 | 2.7 | 1.9 | 2.9 | 0.0% |
| Others | 23.7 | 25.6 | 48.5 | 30.7 | 9.0% |
| Total | 181 | 209 | 253 | 273 | 14.7% |
Top Suppliers of Carboxylic Acid to South Korea in 2022:
- China (22.7K tons)
- Japan (15.1K tons)
- Netherlands (6.7K tons)
- United States (2.6K tons)
- Thailand (1.7K tons)
- Taiwan (Chinese) (0.8K tons)
- Singapore (0.8K tons)
- Spain (0.8K tons)
Carboxylic Acid Exports in South Korea
In 2022, approx. 84K tons of carboxylic acid with alcohol, phenol, aldehyde or ketone functions were exported from South Korea; with an increase of 17% on the previous year. In general, total exports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +16.7% 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 increased by +89.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 63% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.
In value terms, carboxylic acid exports expanded remarkably to $366M in 2022. Overall, exports continue to indicate a strong increase. The pace of growth appeared the most rapid in 2021 with an increase of 64% against the previous year. The exports peaked in 2022 and are likely to see steady growth in years to come.
| Export of Carboxylic Acid in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 41.9 | 33.5 | 45.0 | 66.2 | 16.5% |
| United States | 31.7 | 31.1 | 35.9 | 54.9 | 20.1% |
| China | 26.9 | 27.8 | 35.9 | 52.9 | 25.3% |
| Belgium | 28.8 | 20.0 | 21.9 | 33.6 | 5.3% |
| India | 11.5 | 9.6 | 9.4 | 16.6 | 13.0% |
| Singapore | 8.8 | 8.0 | 8.1 | 11.7 | 10.0% |
| Vietnam | 6.5 | 5.1 | 6.3 | 9.4 | 13.1% |
| Taiwan (Chinese) | 6.1 | 4.8 | 5.7 | 8.5 | 11.7% |
| United Arab Emirates | 5.1 | 5.4 | 5.8 | 8.5 | 18.6% |
| Saudi Arabia | 3.2 | 3.9 | 4.9 | 7.3 | 31.6% |
| United Kingdom | 3.6 | 3.0 | 4.9 | 7.2 | 26.0% |
| Indonesia | 5.3 | 4.0 | 3.9 | 6.3 | 5.9% |
| France | 0.2 | 0.4 | 0.8 | 4.9 | 190.4% |
| Others | 42.4 | 38.0 | 131 | 78.5 | 22.8% |
| Total | 222 | 195 | 319 | 366 | 18.1% |
Top Export Markets for Carboxylic Acid from South Korea in 2022:
- United States (15.7K tons)
- China (12.6K tons)
- Belgium (12.2K tons)
- Japan (7.9K tons)
- Singapore (3.5K tons)
- Taiwan (Chinese) (3.2K tons)
- United Arab Emirates (2.7K tons)
- United Kingdom (2.5K tons)
- Indonesia (2.3K tons)
- India (2.3K tons)
- Saudi Arabia (2.1K tons)
- France (1.8K tons)
- Vietnam (1.8K tons)
This report provides an in-depth analysis of the carboxylic acid market in Republic of Korea. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 20143475 - Carboxylic acid with alcohol, phenol, aldehyde or ketone functions
Country coverage:
- South Korea
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Republic of Korea
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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In value terms, carboxyamide-function compounds and amide-function compounds exports amounted to $X in 2016. The total export value increased at an average annual rate of +X% from 2007 to 2016; t...
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In value terms, carboxyimide-function compounds exports totaled $X in 2016. The total export value increased at an average annual rate of +X% over the period from 2007 to 2016; however, the trend...
1232
In value terms, carboxylic acids with additional oxygen function imports amounted to $X in 2016. The total import value increased at an average annual rate of +X% from 2007 to 2016; however, the ...
961
In value terms, carboxyamide-function compounds and amide-function compounds imports totaled $X in 2016. In general, carboxyamide-function compounds and amide-function compounds imports continue to...
705
In value terms, carboxyimide-function compounds imports amounted to $X in 2016. The total import value increased at an average annual rate of +X% from 2007 to 2016; however, the trend pattern ind...
641
In value terms, carboxylic acids with additional oxygen function exports stood at $X in 2016. The total export value increased at an average annual rate of +X% over the period from 2007 to 2016; ...
