Republic of Korea - Cumene - Market Analysis, Forecast, Size, Trends And Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingCumene Price in South Korea - 2022
Contents:
- Cumene Price in South Korea (FOB) - 2022
- Cumene Price in South Korea (CIF) - 2022
- Cumene Exports in South Korea
- Cumene Imports in South Korea
Cumene Price in South Korea (FOB) - 2022
The average cumene export price stood at $841 per ton in 2022, reducing by -17% against the previous year. In general, the export price recorded a noticeable setback. The growth pace was the most rapid in 2021 an increase of 53% against the previous year. Over the period under review, the average export prices reached the maximum at $1,381 per ton in 2013; however, from 2014 to 2022, the 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 India ($1,095 per ton), while the average price for exports to the Netherlands ($471 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 India (-4.8%), while the prices for the other major destinations experienced a decline.
Cumene Price in South Korea (CIF) - 2022
The average cumene import price stood at $621 per ton in 2022, dropping by -3.5% against the previous year. Overall, the import price recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2013 when the average import price increased by 10% against the previous year. As a result, import price reached the peak level of $1,435 per ton. From 2014 to 2022, the average import prices remained at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for Japan.
From 2012 to 2022, the rate of growth in terms of prices for Japan amounted to -7.1% per year.
Cumene Exports in South Korea
In 2022, after three years of growth, there was decline in overseas shipments of cumene, when their volume decreased by -2.1% to 30K tons. In general, exports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 194%.
In value terms, cumene exports reduced dramatically to $25M in 2022. Overall, exports, however, recorded a significant expansion. The growth pace was the most rapid in 2020 with an increase of 129%.
| Export of Cumene in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 5.2 | 15.5 | 24.4 | 19.8 | 56.2% |
| India | 0.2 | 0.6 | 3.1 | 2.7 | 138.1% |
| Netherlands | 2.5 | 2.9 | 2.7 | 2.0 | -7.2% |
| Japan | 0.4 | 0.5 | 0.9 | 0.8 | 26.0% |
| Others | 0.3 | 0.2 | 0.3 | 0.3 | 0.0% |
| Total | 8.6 | 19.6 | 31.4 | 25.5 | 43.7% |
Top Export Markets for Cumene from South Korea in 2022:
- China (22.6K tons)
- Netherlands (4.1K tons)
- India (2.5K tons)
- Japan (0.8K tons)
Cumene Imports in South Korea
In 2022, approx. 31K tons of cumene were imported into South Korea; falling by -30.3% on 2021. Over the period under review, imports, however, saw a remarkable increase. The most prominent rate of growth was recorded in 2021 when imports increased by 202%. As a result, imports attained the peak of 44K tons, and then reduced markedly in the following year.
In value terms, cumene imports fell markedly to $19M in 2022. Overall, imports, however, showed a remarkable increase. The growth pace was the most rapid in 2021 when imports increased by 190% against the previous year. As a result, imports attained the peak of $28M, and then plummeted in the following year.
| Import of Cumene in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 13.5 | 9.7 | 28.3 | 19.0 | 12.1% |
| Others | 0.1 | N/A | 0.1 | 0.1 | 0.0% |
| Total | 13.5 | 9.8 | 28.3 | 19.0 | 12.1% |
Top Suppliers of Cumene to South Korea in 2022:
- Japan (30.6K tons)
This report provides an in-depth analysis of the cumene 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 20141270 - Cumene
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
378
This report provides an in-depth analysis of the cumene market in Republic of Korea.
581
This report provides an in-depth analysis of the cyclic hydrocarbons market in Republic of Korea.
829
This report provides an in-depth analysis of the benzene market in Republic of Korea.
324
This report provides an in-depth analysis of the market for cyclanes, cyclenes and cycloterpenes in Republic of Korea.
360
This report provides an in-depth analysis of the cyclohexane market in Republic of Korea.
277
This report provides an in-depth analysis of the ethylbenzene market in Republic of Korea.
362
This report provides an in-depth analysis of the m-xylene and xylenes market in Republic of Korea.
304
This report provides an in-depth analysis of the o-xylene market in Republic of Korea.
96
This report provides an in-depth analysis of the cyclic hydrocarbons market in Republic of Korea.
369
This report provides an in-depth analysis of the p-xylene market in Republic of Korea.
749
From January-October 2021, South Korea supplied abroad 2.0M tons of benzene, which was 10% more than in the same period a year earlier. Due to rising prices, exports in value terms spiked more than twofold, reaching $1.8B. Most of the increment was provided by expanded supplies to China and Japan. By the end of this year, the total value of benzene exported from Korea could exceed $2.2B, setting a new record.
268
Cumene is a key chemical compound used in various industries, including the production of phenol and acetone. In this article, we explore the top import markets for cumene, including China, Belgium, Taiwan (Chinese), the United States, and Italy. These countries exhibit significant demand for cumene due to their thriving chemical and manufacturing sectors. Market intelligence platforms like IndexBox provide valuable insights and data to help businesses navigate the global cumene market and identify growth opportunities.
193
Explore the top countries leading in the import of cyclic hydrocarbons, their import values, and key statistics in 2022.
682
From 2010 to 2020, the average export price for cyclic hydrocarbons dropped nearly twofold, from $1,119 per ton to $615 per ton. That was the lowest level over the past decade.
2832
In 2016, the amount of cyclic hydrocarbon imported worldwide totaled X tons, growing by X% against the previous year figure. The total import volume increased at an average annual rate of +X% ov...
1902
In 2016, the amount of cyclic hydrocarbon imported worldwide totaled X tons, growing by X% against the previous year figure. The total import volume increased at an average annual rate of +X% ov...
2125
The global trade in cyclic hydrocarbons fluctuated strongly over the period under review. A significant drop in 2009 was followed by a robust recovery over the next four years, until exports decreased again. Exports ended on a decline in 2015, amountin
1231
In value terms, petroleum oils and crude bituminous minerals oils imports amounted to $X in 2016. Overall, petroleum oils and crude bituminous minerals oils imports continue to indicate a abrupt co...
1205
In value terms, petroleum oils and not crude bituminous minerals oils imports stood at $X in 2016. In general, petroleum oils and not crude bituminous minerals oils imports continue to indicate a m...
1028
In value terms, petroleum oils and crude bituminous minerals oils exports stood at $X in 2016. Overall, petroleum oils and crude bituminous minerals oils exports continue to indicate a deep setback...
