Republic of Korea - Heterocyclic Compounds - Market Analysis, Forecast, Size, Trends and Insights
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View PricingHeterocyclic Compound Price in South Korea - 2022
Contents:
- Heterocyclic Compound Price in South Korea (CIF) - 2022
- Heterocyclic Compound Price in South Korea (FOB) - 2022
- Heterocyclic Compound Imports in South Korea
- Heterocyclic Compound Exports in South Korea
Heterocyclic Compound Price in South Korea (CIF) - 2022
The average heterocyclic compound import price stood at $30,211 per ton in December 2022, shrinking by -46.3% against the previous month. In general, the import price continues to indicate a pronounced reduction. The most prominent rate of growth was recorded in November 2022 an increase of 102% month-to-month. As a result, import price reached the peak level of $56,270 per ton, and then shrank sharply in the following month.
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 ($102K per ton), while the price for India ($8,483 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 China (+4.5%), while the prices for the other major suppliers experienced a decline.
Heterocyclic Compound Price in South Korea (FOB) - 2022
The average heterocyclic compound export price stood at $21,593 per ton in 2022, picking up by 6.7% against the previous year. In general, export price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, heterocyclic compound export price increased by +23.2% against 2019 indices. The most prominent rate of growth was recorded in 2015 when the average export price increased by 43%. The export price peaked at $25,698 per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.
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 Japan ($60,299 per ton), while the average price for exports to Germany ($4,763 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 Brazil (+14.2%), while the prices for the other major destinations experienced more modest paces of growth.
Heterocyclic Compound Imports in South Korea
For the fourth year in a row, South Korea recorded growth in purchases abroad of heterocyclic compounds, which increased by 15% to 12K tons in 2022. The total import volume increased at an average annual rate of +11.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 17%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the near future.
In value terms, heterocyclic compound imports surged to $401M in 2022. The total import value increased at an average annual rate of +7.6% from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
Import of Heterocyclic Compound in South Korea (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 112 | 105 | 111 | 133 | 5.9% |
United States | 34.3 | 73.0 | 70.8 | 62.6 | 22.2% |
Japan | 76.9 | 61.5 | 49.7 | 57.1 | -9.4% |
Germany | 42.3 | 29.3 | 53.9 | 56.6 | 10.2% |
India | 38.2 | 27.1 | 40.3 | 56.1 | 13.7% |
Italy | 5.3 | 5.5 | 5.3 | 4.4 | -6.0% |
Others | 12.8 | 13.2 | 14.6 | 30.6 | 33.7% |
Total | 322 | 314 | 345 | 401 | 7.6% |
Top Suppliers of Heterocyclic Compound to South Korea in 2022:
- China (5.2K tons)
- India (3.3K tons)
- Japan (1.5K tons)
- Germany (0.7K tons)
- United States (0.6K tons)
- Italy (0.4K tons)
Heterocyclic Compound Exports in South Korea
Heterocyclic compound exports from South Korea soared to 5.6K tons in 2022, jumping by 16% on 2021. The total export volume increased at an average annual rate of +1.3% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, heterocyclic compound exports soared to $122M in 2022. Overall, total exports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +8.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +58.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 28% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
Export of Heterocyclic Compound in South Korea (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Brazil | 21.6 | 22.9 | 35.7 | 35.9 | 18.5% |
Japan | 11.5 | 14.4 | 21.6 | 32.1 | 40.8% |
China | 10.4 | 6.7 | 12.0 | 12.0 | 4.9% |
United States | 4.8 | 10.9 | 6.5 | 11.4 | 33.4% |
Belgium | 3.0 | 5.9 | 6.7 | 8.4 | 40.9% |
Indonesia | 2.3 | 1.5 | 2.2 | 4.8 | 27.8% |
India | 10.4 | 0.6 | 2.1 | 1.9 | -43.3% |
Germany | 0.8 | 0.6 | 1.8 | 1.3 | 17.6% |
Thailand | 5.8 | 1.3 | 0.6 | 0.4 | -59.0% |
Netherlands | 7.8 | N/A | N/A | N/A | 0% |
Others | 16.8 | 12.0 | 9.2 | 13.7 | -6.6% |
Total | 95.2 | 76.7 | 98.5 | 122 | 8.6% |
Top Export Markets for Heterocyclic Compound from South Korea in 2022:
- Brazil (1368.2 tons)
- China (1187.7 tons)
- Belgium (559.8 tons)
- Japan (533.2 tons)
- Indonesia (461.1 tons)
- United States (293.3 tons)
- India (272.4 tons)
- Germany (267.7 tons)
- Thailand (36.3 tons)
This report provides an in-depth analysis of the heterocyclic compound 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 20145280 -
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
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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 2016, the global imports of compound amounted to X tons, going down by -X% against the previous year figure. In general, compound imports continue to indicate a slight decline. The pace of ...
In 2016, the global compound exports stood at X tons, coming down by -X% against the previous year level. In general, compound exports continue to indicate a relatively flat trend pattern. The ...
In 2016, the global heterocyclic compound imports amounted to X tons, falling by -X% against the previous year level. Overall, heterocyclic compound imports continue to indicate a temperate de...
In value terms, heterocyclic compounds exports stood at $X in 2016. In general, heterocyclic compounds exports continue to indicate a relatively flat trend pattern. Over the period under review, gl...
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In 2016, the global imports of compound amounted to X tons, going down by -X% against the previous year figure. In general, compound imports continue to indicate a slight decline. The pace of ...
In 2016, the global compound exports stood at X tons, coming down by -X% against the previous year level. In general, compound exports continue to indicate a relatively flat trend pattern. The ...
In 2016, the global heterocyclic compound imports amounted to X tons, falling by -X% against the previous year level. Overall, heterocyclic compound imports continue to indicate a temperate de...
In value terms, heterocyclic compounds exports stood at $X in 2016. In general, heterocyclic compounds exports continue to indicate a relatively flat trend pattern. Over the period under review, gl...