Republic of Korea - Acrylic Polymers (In Primary Forms) - Market Analysis, Forecast, Size, Trends and Insights
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View PricingAcrylic Polymer Price in South Korea - 2022
Contents:
- Acrylic Polymer Price in South Korea (FOB) - 2022
- Acrylic Polymer Price in South Korea (CIF) - 2022
- Acrylic Polymer Exports in South Korea
- Acrylic Polymer Imports in South Korea
Acrylic Polymer Price in South Korea (FOB) - 2022
In 2022, the average acrylic polymer export price amounted to $1,951 per ton, with an increase of 4.5% against the previous year. Over the period under review, the export price, however, saw a mild slump. The most prominent rate of growth was recorded in 2021 an increase of 24%. The export price peaked at $2,313 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($2,586 per ton), while the average price for exports to Sweden ($1,578 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 Turkey (+0.9%), while the prices for the other major destinations experienced mixed trend patterns.
Acrylic Polymer Price in South Korea (CIF) - 2022
In 2022, the average acrylic polymer import price amounted to $4,322 per ton, picking up by 9.5% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $4,568 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($9,305 per ton), while the price for Taiwan (Chinese) ($1,832 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 (+6.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Acrylic Polymer Exports in South Korea
After three years of growth, shipments abroad of acrylic polymers (in primary forms) decreased by -2.9% to 1.1M tons in 2022. The total export volume increased at an average annual rate of +1.8% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 6.3%.
In value terms, acrylic polymer exports expanded modestly to $2.1B in 2022. The total export value increased at an average annual rate of +7.8% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 27% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in years to come.
| Export of Acrylic Polymer in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 504 | 583 | 769 | 698 | 11.5% |
| Turkey | 84.9 | 85.4 | 84.7 | 159 | 23.3% |
| United States | 83.1 | 104 | 151 | 139 | 18.7% |
| India | 74.5 | 57.2 | 84.0 | 86.4 | 5.1% |
| Vietnam | 60.1 | 55.8 | 78.5 | 84.6 | 12.1% |
| Japan | 81.8 | 61.9 | 73.1 | 76.8 | -2.1% |
| Brazil | 51.1 | 40.2 | 56.2 | 63.3 | 7.4% |
| Mexico | 67.4 | 39.5 | 43.0 | 51.8 | -8.4% |
| Germany | 113 | 62.1 | 66.7 | 50.2 | -23.7% |
| Russia | 44.1 | 37.0 | 40.9 | 44.2 | 0.1% |
| Indonesia | 16.9 | 17.1 | 27.3 | 36.6 | 29.4% |
| Colombia | 22.1 | 18.1 | 29.6 | 35.0 | 16.6% |
| Sweden | 15.0 | 14.5 | 19.5 | 30.4 | 26.5% |
| Others | 431 | 430 | 510 | 510 | 5.8% |
| Total | 1,649 | 1,606 | 2,034 | 2,065 | 7.8% |
Top Export Markets for Acrylic Polymer from South Korea in 2022:
- China (353.5K tons)
- Turkey (79.1K tons)
- United States (70.1K tons)
- Vietnam (48.5K tons)
- India (39.6K tons)
- Brazil (37.3K tons)
- Japan (29.7K tons)
- Mexico (26.0K tons)
- Germany (25.4K tons)
- Russia (23.5K tons)
- Colombia (20.5K tons)
- Sweden (19.2K tons)
- Indonesia (16.6K tons)
Acrylic Polymer Imports in South Korea
In 2022, approx. 59K tons of acrylic polymers (in primary forms) were imported into South Korea; waning by -13.4% on 2021. In general, imports showed a deep contraction. The pace of growth was the most pronounced in 2021 when imports increased by 4.4%.
In value terms, acrylic polymer imports reduced to $253M in 2022. Over the period under review, imports recorded a perceptible reduction. The most prominent rate of growth was recorded in 2021 when imports increased by 5.1% against the previous year.
| Import of Acrylic Polymer in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 121 | 104 | 98.5 | 86.6 | -10.6% |
| United States | 43.9 | 41.5 | 42.8 | 44.0 | 0.1% |
| China | 33.7 | 36.6 | 43.6 | 39.2 | 5.2% |
| Germany | 13.9 | 14.5 | 15.9 | 15.0 | 2.6% |
| Taiwan (Chinese) | 5.4 | 5.8 | 8.9 | 11.2 | 27.5% |
| Singapore | 12.5 | 9.7 | 12.3 | 10.7 | -5.1% |
| Italy | 4.0 | 4.5 | 5.5 | 6.3 | 16.3% |
| Netherlands | 5.5 | 4.9 | 6.8 | 4.0 | -10.1% |
| United Kingdom | 4.5 | 4.5 | 5.4 | 2.9 | -13.6% |
| Others | 27.8 | 28.3 | 27.5 | 33.4 | 6.3% |
| Total | 272 | 254 | 267 | 253 | -2.4% |
Top Suppliers of Acrylic Polymer to South Korea in 2022:
- China (19.3K tons)
- Japan (15.6K tons)
- Taiwan (Chinese) (6.1K tons)
- United States (4.7K tons)
- Singapore (2.8K tons)
- Germany (1.8K tons)
- Italy (1.4K tons)
- Netherlands (0.8K tons)
- United Kingdom (0.8K tons)
This report provides an in-depth analysis of the acrylic polymer 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 20165350 - Polymethyl methacrylate, in primary forms
- Prodcom 20165390 - Acrylic polymers, in primary forms (excluding polymethyl methacrylate)
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
432
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