Republic of Korea - Glucose And Glucose Syrup - Market Analysis, Forecast, Size, Trends And Insights
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View PricingGlucose Price in South Korea - 2022
Contents:
- Glucose Price in South Korea (CIF) - 2022
- Glucose Price in South Korea (FOB) - 2022
- Glucose Imports in South Korea
- Glucose Exports in South Korea
Glucose Price in South Korea (CIF) - 2022
In 2022, the average glucose import price amounted to $743 per ton, with an increase of 4% against the previous year. Overall, import price indicated measured growth from 2012 to 2022: its price increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, glucose import price increased by +63.1% against 2016 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 40%. Over the period under review, average import prices attained the peak figure in 2022 and is likely to see gradual growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($1,434 per ton), while the price for China totaled $670 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+6.4%).
Glucose Price in South Korea (FOB) - 2022
The average glucose export price stood at $826 per ton in 2022, with an increase of 9.8% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 12%. The export price peaked at $888 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($1,478 per ton), while the average price for exports to Malaysia ($572 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 Spain (+7.6%), while the prices for the other major destinations experienced more modest paces of growth.
Glucose Imports in South Korea
In 2022, glucose imports into South Korea rose significantly to 60K tons, growing by 15% against the previous year. The total import volume increased at an average annual rate of +8.5% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, glucose imports soared to $44M in 2022. In general, imports posted a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 45%. Over the period under review, imports attained the maximum in 2022 and are likely to see gradual growth in years to come.
| Import of Glucose in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 20.0 | 21.9 | 31.5 | 38.1 | 24.0% |
| France | 1.8 | 1.7 | 2.1 | 2.2 | 6.9% |
| Others | 2.3 | 1.9 | 3.5 | 4.0 | 20.3% |
| Total | 24.2 | 25.5 | 37.1 | 44.3 | 22.3% |
Top Suppliers of Glucose to South Korea in 2022:
- China (56.9K tons)
- France (1.5K tons)
Glucose Exports in South Korea
In 2022, overseas shipments of glucose and glucose syrup decreased by -7.3% to 7.7K tons, falling for the second year in a row after two years of growth. The total export volume increased at an average annual rate of +3.1% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 28% against the previous year. As a result, the exports reached the peak of 9K tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, glucose exports stood at $6.3M in 2022. The total export value increased at an average annual rate of +7.0% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 when exports increased by 16%. The exports peaked in 2022 and are expected to retain growth in the near future.
| Export of Glucose in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 2,328 | 2,380 | 2,528 | 2,017 | -4.7% |
| Philippines | 585 | 614 | 634 | 1,146 | 25.1% |
| Malaysia | 477 | 1,151 | 1,043 | 893 | 23.2% |
| Nigeria | N/A | N/A | 310 | 554 | 78.7% |
| United States | 77.6 | 60.7 | 131 | 318 | 60.0% |
| Australia | 281 | 190 | 199 | 244 | -4.6% |
| Singapore | 214 | 249 | 268 | 231 | 2.6% |
| Hong Kong SAR | 196 | 170 | 203 | 215 | 3.1% |
| Indonesia | 170 | 96.7 | 46.9 | 210 | 7.3% |
| Spain | 89.6 | 51.5 | 133 | 190 | 28.5% |
| United Arab Emirates | 501 | 685 | 373 | 0.5 | -90.0% |
| Others | 250 | 360 | 347 | 312 | 7.7% |
| Total | 5,168 | 6,008 | 6,216 | 6,330 | 7.0% |
Top Export Markets for Glucose from South Korea in 2022:
- Japan (2653.5 tons)
- Malaysia (1561.3 tons)
- Philippines (1270.1 tons)
- Nigeria (638.0 tons)
- Australia (260.5 tons)
- Singapore (242.0 tons)
- Hong Kong SAR (236.3 tons)
- United States (215.1 tons)
- Indonesia (181.1 tons)
- Spain (160.0 tons)
- United Arab Emirates (0.5 tons)
This report provides an in-depth analysis of the glucose 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 10621310 - Glucose and glucose syrup (excluding with added flavouring or colouring matter)
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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