Republic of Korea - Adipic Acid, Its Salts And Esters - Market Analysis, Forecast, Size, Trends And Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingAdipic Acid Price in South Korea - 2022
Contents:
- Adipic Acid Price in South Korea (FOB) - 2022
- Adipic Acid Price in South Korea (CIF) - 2022
- Adipic Acid Exports in South Korea
- Adipic Acid Imports in South Korea
Adipic Acid Price in South Korea (FOB) - 2022
In December 2022, the average adipic acid export price amounted to $1,617 per ton, falling by -2.8% against the previous month. Overall, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in September 2022 an increase of 10% m-o-m. Over the period under review, the average export prices reached the peak figure at $2,008 per ton in October 2022; however, from November 2022 to December 2022, the export prices remained at a lower figure.
Average prices varied noticeably for the major overseas markets. In December 2022, the highest price was recorded for prices to the United States ($1,806 per ton) and India ($1,735 per ton), while the average price for exports to Thailand ($1,555 per ton) and Japan ($1,564 per ton) were amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (+1.5%), while the prices for the other major destinations experienced more modest paces of growth.
Adipic Acid Price in South Korea (CIF) - 2022
In December 2022, the average adipic acid import price amounted to $1,403 per ton, which is down by -2.2% against the previous month. Overall, the import price saw a pronounced downturn. The most prominent rate of growth was recorded in March 2022 when the average import price increased by 7% m-o-m. As a result, import price attained the peak level of $2,020 per ton. From April 2022 to December 2022, the average import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for China.
From December 2021 to December 2022, the rate of growth in terms of prices for China amounted to -2.2% per month.
Adipic Acid Exports in South Korea
In 2022, after three years of growth, there was significant decline in overseas shipments of adipic acid, its salts and esters, when their volume decreased by -11.8% to 71K tons. The total export volume increased at an average annual rate of +3.3% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 24%. As a result, the exports reached the peak of 81K tons, and then fell in the following year.
In value terms, adipic acid exports expanded slightly to $124M in 2022. Over the period under review, total exports indicated a strong increase from 2019 to 2022: its value 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, exports increased by +64.3% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 60% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the near future.
| Export of Adipic Acid in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | 36.0 | 28.4 | 43.0 | 38.9 | 2.6% |
| India | 6.0 | 10.9 | 21.2 | 23.8 | 58.3% |
| Singapore | 9.4 | 7.4 | 15.3 | 21.3 | 31.3% |
| Japan | 8.7 | 6.4 | 14.9 | 12.1 | 11.6% |
| China | 7.3 | 5.8 | 7.2 | 7.5 | 0.9% |
| Turkey | 5.6 | 8.3 | 5.2 | 6.8 | 6.7% |
| Thailand | 1.5 | 2.2 | 3.0 | 3.0 | 26.0% |
| Others | 10.1 | 6.2 | 11.1 | 11.0 | 2.9% |
| Total | 84.6 | 75.7 | 121 | 124 | 13.6% |
Top Export Markets for Adipic Acid from South Korea in 2022:
- Taiwan (Chinese) (22.2K tons)
- India (13.7K tons)
- Singapore (12.4K tons)
- Japan (6.8K tons)
- China (4.3K tons)
- Turkey (3.9K tons)
- Thailand (1.7K tons)
Adipic Acid Imports in South Korea
In 2022, approx. 29K tons of adipic acid, its salts and esters were imported into South Korea; with a decrease of -24% compared with 2021. In general, imports continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 5.1%.
In value terms, adipic acid imports contracted to $52M in 2022. Over the period under review, total imports indicated tangible growth from 2019 to 2022: its value increased at an average annual rate of +4.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +40.7% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 62%. As a result, imports reached the peak of $60M, and then declined in the following year.
| Import of Adipic Acid in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 42.5 | 33.3 | 55.1 | 48.9 | 4.8% |
| United States | 0.9 | 1.2 | 1.8 | 1.1 | 6.9% |
| Others | 1.9 | 2.3 | 2.6 | 1.9 | 0.0% |
| Total | 45.3 | 36.8 | 59.5 | 51.8 | 4.6% |
Top Suppliers of Adipic Acid to South Korea in 2022:
- China (28.7K tons)
- United States (0.4K tons)
This report provides an in-depth analysis of the adipic 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 20143385 - Adipic acid, its salts and esters
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.
-
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
-
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
-
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
-
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
-
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
-
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
-
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
400
This report provides an in-depth analysis of the adipic acid market in Republic of Korea.
436
This report provides an in-depth analysis of the polycarboxylic acid market in Republic of Korea.
52
This report provides an in-depth analysis of the market for oxalic, azelaic, malonic and other cyclanic, cylenic or cycloterpenic polycarboxylic acids and their salts in Republic of Korea.
326
This report provides an in-depth analysis of the market for phthalic anhydride and terephthalic acid in Republic of Korea.
316
This report provides an in-depth analysis of the maleic anhydride market in Republic of Korea.
248
This report provides an in-depth analysis of the esters of orthophthalic acid market in Republic of Korea.
285
This report provides an in-depth analysis of the market for dibutyl and dioctyl orthophthalates other esters of orthophthalic acid in Republic of Korea.
1133
This report provides an in-depth analysis of the global adipic acid market.
1005
This report provides an in-depth analysis of the global polycarboxylic acid market.
65
This report provides an in-depth analysis of the global market for oxalic, azelaic, malonic and other cyclanic, cylenic or cycloterpenic polycarboxylic acids and their salts.
12
Global demand for polycarboxylic acids is projected to increase over the next seven years, with market volume expected to reach 32M tons by 2030. Market performance is forecasted to expand with an anticipated CAGR of +1.8% from 2023 to 2030, reaching a market value of $42.3B by the end of 2030. Key consuming countries include the United States, China, and India, with Belgium showing the highest rates of growth in consumption.
105
Explore the top import markets for Polycarboxylic Acid in 2023, including Turkey, India, the United States, and more. Learn about the key statistics and trends driving the global demand for this essential chemical compound.
767
The global polycarboxylic acid market revenue amounted to $42.8B in 2018, rising by 3.5% against the previous year....
1174
Global polycarboxylic acid imports totaled X tons in 2016, descending by -X% against the previous year level. In general, polycarboxylic acid imports continue to indicate a pronounced curtailmen...
112
Explore the top import markets for Phthalic Anhydride and Terephthalic Acid and their key statistics. Discover the countries with the highest import values for these chemical compounds. Learn how Turkey, India, and Vietnam dominate the market.
126
Explore the top import markets for Phthalic Anhydride and Terephthalic Acid, including Turkey, India, Vietnam, and more. Discover key statistics and market values.
12
Global demand for polycarboxylic acids is projected to increase over the next seven years, with market volume expected to reach 32M tons by 2030. Market performance is forecasted to expand with an anticipated CAGR of +1.8% from 2023 to 2030, reaching a market value of $42.3B by the end of 2030. Key consuming countries include the United States, China, and India, with Belgium showing the highest rates of growth in consumption.
105
Explore the top import markets for Polycarboxylic Acid in 2023, including Turkey, India, the United States, and more. Learn about the key statistics and trends driving the global demand for this essential chemical compound.
767
The global polycarboxylic acid market revenue amounted to $42.8B in 2018, rising by 3.5% against the previous year....
1174
Global polycarboxylic acid imports totaled X tons in 2016, descending by -X% against the previous year level. In general, polycarboxylic acid imports continue to indicate a pronounced curtailmen...
