Republic of Korea - Carbonates And Peroxocarbonates - Market Analysis, Forecast, Size, Trends and Insights
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View PricingCarbonate Price in South Korea - 2022
Contents:
- Carbonate Price in South Korea (CIF) - 2022
- Carbonate Price in South Korea (FOB) - 2022
- Carbonate Imports in South Korea
- Carbonate Exports in South Korea
Carbonate Price in South Korea (CIF) - 2022
In 2022, the average carbonate import price amounted to $743 per ton, declining by -7.5% against the previous year. In general, the import price, however, recorded a prominent increase. The most prominent rate of growth was recorded in 2018 an increase of 44% against the previous year. The import price peaked at $911 per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Chile ($9,915 per ton), while the price for the United States ($254 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (+7.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Carbonate Price in South Korea (FOB) - 2022
In 2022, the average carbonate export price amounted to $943 per ton, leveling off at the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of 38%. As a result, the export price reached the peak level of $1,262 per ton. From 2018 to 2022, the average export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($4,131 per ton), while the average price for exports to Turkey ($611 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 China (+13.9%), while the prices for the other major destinations experienced a decline.
Carbonate Imports in South Korea
After three years of growth, supplies from abroad of carbonates and peroxocarbonates decreased by -1.6% to 781K tons in 2022. Overall, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by 3.3%. As a result, imports reached the peak of 794K tons, and then dropped in the following year.
In value terms, carbonate imports dropped to $580M in 2022. In general, imports saw a abrupt curtailment. The growth pace was the most rapid in 2021 with an increase of 22% against the previous year.
| Import of Carbonate in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Chile | 460 | 307 | 363 | 342 | -9.4% |
| China | 98.6 | 100 | 111 | 103 | 1.5% |
| United States | 71.6 | 65.4 | 73.3 | 68.4 | -1.5% |
| Turkey | 5.1 | 6.9 | 21.2 | 18.3 | 53.1% |
| Germany | 9.9 | 8.9 | 13.5 | 11.1 | 3.9% |
| Others | 51.6 | 34.2 | 55.6 | 37.6 | -10.0% |
| Total | 697 | 523 | 638 | 580 | -5.9% |
Top Suppliers of Carbonate to South Korea in 2022:
- China (372.0K tons)
- United States (269.1K tons)
- Turkey (56.1K tons)
- Chile (34.5K tons)
- Germany (11.8K tons)
Carbonate Exports in South Korea
In 2022, after three years of growth, there was decline in shipments abroad of carbonates and peroxocarbonates, when their volume decreased by -4% to 134K tons. The total export volume increased at an average annual rate of +1.9% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The growth pace was the most rapid in 2021 when exports increased by 8.5% against the previous year. As a result, the exports reached the peak of 140K tons, and then dropped modestly in the following year.
In value terms, carbonate exports reduced to $127M in 2022. In general, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 7.2%. As a result, the exports attained the peak of $131M, and then reduced slightly in the following year.
| Export of Carbonate in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 17.9 | 11.7 | 16.2 | 17.3 | -1.1% |
| India | 9.8 | 12.2 | 16.9 | 15.1 | 15.5% |
| United States | 10.6 | 12.2 | 8.2 | 9.6 | -3.2% |
| Japan | 9.0 | 9.4 | 8.3 | 8.0 | -3.9% |
| Malaysia | 7.8 | 7.4 | 7.2 | 6.6 | -5.4% |
| Turkey | 4.7 | 6.2 | 6.6 | 5.9 | 7.9% |
| Indonesia | 5.7 | 5.5 | 6.1 | 5.7 | 0.0% |
| Vietnam | 2.6 | 3.2 | 6.0 | 5.5 | 28.4% |
| Spain | 7.6 | 5.6 | 4.3 | 5.2 | -11.9% |
| Australia | 4.2 | 4.7 | 5.3 | 4.8 | 4.6% |
| Germany | 4.3 | 4.8 | 3.5 | 3.9 | -3.2% |
| Italy | 3.1 | 1.9 | 3.9 | 2.5 | -6.9% |
| Brazil | 2.9 | 2.4 | 1.8 | 2.1 | -10.2% |
| Others | 36.3 | 35.1 | 37.0 | 34.7 | -1.5% |
| Total | 126 | 122 | 131 | 127 | 0.3% |
Top Export Markets for Carbonate from South Korea in 2022:
- India (19.3K tons)
- United States (11.2K tons)
- Turkey (9.6K tons)
- Japan (8.4K tons)
- Indonesia (8.2K tons)
- Spain (7.5K tons)
- Malaysia (7.0K tons)
- Vietnam (6.7K tons)
- Australia (5.2K tons)
- Germany (4.2K tons)
- China (4.2K tons)
- Italy (3.8K tons)
- Brazil (3.0K tons)
This report provides an in-depth analysis of the carbonate 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 20134310 - Disodium carbonate
- Prodcom 20134320 - Sodium hydrogencarbonate (sodium bicarbonate)
- Prodcom 20134340 - Calcium carbonate
- Prodcom 20134390 - Other carbonates
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
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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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