Republic of Korea - Inorganic Fungicides, Bactericides And Seed Treatments - Market Analysis, Forecast, Size, Trends And Insights
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View PricingFungicide and Bactericide Price in South Korea - 2022
Contents:
- Fungicide and Bactericide Price in South Korea (FOB) - 2022
- Fungicide and Bactericide Price in South Korea (CIF) - 2022
- Fungicide and Bactericide Exports in South Korea
- Fungicide and Bactericide Imports in South Korea
Fungicide and Bactericide Price in South Korea (FOB) - 2022
In 2022, the average fungicide and bactericide export price amounted to $19,240 per ton, growing by 19% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.9%. The pace of growth was the most pronounced in 2017 when the average export price increased by 28% against the previous year. Over the period under review, the average export prices attained the maximum in 2022 and is expected to retain growth in years to come.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Vietnam ($33,179 per ton), while the average price for exports to Pakistan ($6,027 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 Pakistan (+16.3%), while the prices for the other major destinations experienced more modest paces of growth.
Fungicide and Bactericide Price in South Korea (CIF) - 2022
In December 2022, the average fungicide and bactericide import price amounted to $11,796 per ton, increasing by 23% against the previous month. Overall, the import price, however, recorded a slight curtailment. The most prominent rate of growth was recorded in July 2022 an increase of 79% month-to-month. The import price peaked at $16,872 per ton in October 2022; however, from November 2022 to December 2022, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In December 2022, the country with the highest price was Germany ($45,561 per ton), while the price for Colombia ($5,601 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 Germany (+18.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Fungicide and Bactericide Exports in South Korea
For the third year in a row, South Korea recorded decline in overseas shipments of fungicides, bactericides and seed treatments, which decreased by -5.5% to 9.2K tons in 2022. Overall, exports recorded a abrupt contraction.
In value terms, fungicide and bactericide exports expanded rapidly to $176M in 2022. Over the period under review, exports recorded a slight slump.
| Export of Fungicide and Bactericide in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Bangladesh | 15.6 | 21.8 | 22.5 | 25.5 | 17.8% |
| China | 22.7 | 22.9 | 16.6 | 18.9 | -5.9% |
| Vietnam | 24.3 | 19.8 | 9.9 | 15.4 | -14.1% |
| Indonesia | 5.3 | 11.5 | 9.8 | 11.1 | 27.9% |
| Thailand | 3.7 | 3.0 | 4.3 | 4.9 | 9.8% |
| Japan | 13.2 | 11.8 | 9.3 | 4.3 | -31.2% |
| Pakistan | 2.4 | 1.3 | 0.7 | 1.2 | -20.6% |
| Belgium | 0.4 | 0.5 | 0.4 | 0.5 | 7.7% |
| Others | 95.7 | 103 | 82.9 | 94.3 | -0.5% |
| Total | 183 | 196 | 156 | 176 | -1.3% |
Top Export Markets for Fungicide and Bactericide from South Korea in 2022:
- China (0.9K tons)
- Bangladesh (0.8K tons)
- Indonesia (0.5K tons)
- Vietnam (0.5K tons)
- Japan (0.3K tons)
- Pakistan (0.2K tons)
- Thailand (0.2K tons)
- Belgium (0.1K tons)
Fungicide and Bactericide Imports in South Korea
In 2022, after three years of growth, there was decline in purchases abroad of fungicides, bactericides and seed treatments, when their volume decreased by -3.9% to 13K tons. The total import volume increased at an average annual rate of +4.9% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 11%. As a result, imports reached the peak of 14K tons, and then declined slightly in the following year.
In value terms, fungicide and bactericide imports stood at $165M in 2022. The total import value increased at an average annual rate of +3.5% 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 2020 with an increase of 12% against the previous year. As a result, imports attained the peak of $167M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
| Import of Fungicide and Bactericide in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 14.7 | 19.3 | 13.8 | 14.7 | 0.0% |
| Colombia | 3.9 | 7.2 | 9.0 | 11.0 | 41.3% |
| China | 8.9 | 9.5 | 7.5 | 10.7 | 6.3% |
| Japan | 9.6 | 9.6 | 14.2 | 7.9 | -6.3% |
| United Kingdom | 6.6 | 12.6 | 8.5 | 5.3 | -7.1% |
| Germany | 4.7 | 7.1 | 3.2 | 3.8 | -6.8% |
| Israel | 1.6 | 2.9 | 2.6 | 3.7 | 32.2% |
| Singapore | 1.0 | 0.6 | 0.9 | 2.3 | 32.0% |
| India | 1.5 | 0.9 | 1.4 | 1.9 | 8.2% |
| Malaysia | 0.9 | 1.2 | 1.3 | 1.9 | 28.3% |
| Netherlands | 0.8 | 0.9 | 1.3 | 1.6 | 26.0% |
| Italy | 0.5 | 0.1 | 0.7 | 1.5 | 44.2% |
| Belgium | 0.4 | 0.5 | 0.5 | 0.6 | 14.5% |
| Others | 94.2 | 94.7 | 98.8 | 98.4 | 1.5% |
| Total | 149 | 167 | 164 | 165 | 3.5% |
Top Suppliers of Fungicide and Bactericide to South Korea in 2022:
- China (1524.2 tons)
- Colombia (1519.0 tons)
- United States (514.4 tons)
- Malaysia (375.0 tons)
- Netherlands (365.2 tons)
- Japan (355.4 tons)
- India (268.6 tons)
- Israel (238.4 tons)
- Singapore (200.4 tons)
- Germany (172.9 tons)
- Belgium (165.0 tons)
- United Kingdom (134.7 tons)
- Italy (101.4 tons)
This report provides an in-depth analysis of the fungicide and bactericide 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 20201515 - Inorganic fungicides, bactericides and seed treatments, put up in forms or packings for retail sale or as preparations or articles
- Prodcom 20201530 - Fungicides, bactericides and seed treatments based on dithiocarbamates, put up in forms or packings for retail sale or as preparations or articles
- Prodcom 20201545 - Fungicides, bactericides and seed treatments based on benzimidazoles, put up in forms or packings for retail sale or as preparations or articles
- Prodcom 20201560 - Fungicides, bactericides and seed treatment based on triazoles or diazoles, put up in forms or packings for retail sale or as preparations or articles
- Prodcom 20201575 - Fungicides, bactericides and seed treatments based on diazines or morpholines, put up in forms or packings for retail sale or as preparations or articles
- Prodcom 20201590 - Other fungicides, bactericides and seeds treatments (ex: Captan,...)
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
-
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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