Republic of Korea - Hydantoin And Its Derivatives - Market Analysis, Forecast, Size, Trends And Insights
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View PricingHydantoin Price in South Korea - 2022
Contents:
- Hydantoin Price in South Korea (CIF) - 2022
- Hydantoin Price in South Korea (FOB) - 2022
- Hydantoin Imports in South Korea
- Hydantoin Exports in South Korea
Hydantoin Price in South Korea (CIF) - 2022
In 2022, the average hydantoin import price amounted to $7,330 per ton, increasing by 2.8% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the average import price increased by 54% against the previous year. As a result, import price reached the peak level of $9,171 per ton. From 2018 to 2022, the average import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($49,724 per ton), while the price for China ($3,708 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+14.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Hydantoin Price in South Korea (FOB) - 2022
The average hydantoin export price stood at $2,554 per ton in 2022, growing by 15% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the average export price increased by 120% against the previous year. As a result, the export price reached the peak level of $5,823 per ton. From 2016 to 2022, the average export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Indonesia ($14,400 per ton), while the average price for exports to Vietnam ($2,142 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 Indonesia (+11.3%), while the prices for the other major destinations experienced more modest paces of growth.
Hydantoin Imports in South Korea
In 2022, after three years of growth, there was significant decline in purchases abroad of hydantoin and its derivatives, when their volume decreased by -15.9% to 111 tons. Overall, total imports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +14.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +48.7% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 49%.
In value terms, hydantoin imports dropped to $817K in 2022. In general, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +11.9% 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 +40.0% against 2019 indices. The pace of growth appeared the most rapid in 2020 when imports increased by 39% against the previous year.
| Import of Hydantoin in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 158 | 398 | 261 | 268 | 19.3% |
| Spain | 188 | 161 | 332 | 174 | -2.5% |
| United States | 90.7 | 58.5 | 111 | 138 | 15.0% |
| France | 90.0 | 106 | 198 | 101 | 3.9% |
| Italy | 39.9 | 40.0 | 23.1 | 96.2 | 34.1% |
| Others | 16.8 | 45.9 | 18.9 | 39.4 | 32.9% |
| Total | 583 | 810 | 944 | 817 | 11.9% |
Top Suppliers of Hydantoin to South Korea in 2022:
- China (72.2 tons)
- Spain (16.6 tons)
- France (13.9 tons)
- Italy (3.4 tons)
- United States (2.8 tons)
Hydantoin Exports in South Korea
Hydantoin exports from South Korea surged to 112 tons in 2022, growing by 23% on 2021. In general, exports showed a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 92%. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in years to come.
In value terms, hydantoin exports soared to $285K in 2022. Overall, exports posted a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 74%. The exports peaked in 2022 and are likely to continue growth in years to come.
| Export of Hydantoin in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | N/A | 0.5 | 132 | 179 | 1792.1% |
| Indonesia | N/A | 2.1 | 16.8 | 38.2 | 326.5% |
| Thailand | 21.8 | 19.2 | 18.4 | 29.4 | 10.5% |
| United States | 14.8 | 82.0 | 6.7 | 15.2 | 0.9% |
| Malaysia | 13.5 | 10.7 | 7.2 | 14.2 | 1.7% |
| Brazil | N/A | N/A | 17.4 | 2.0 | -88.5% |
| China | 18.4 | 7.1 | 1.9 | 1.1 | -60.9% |
| Others | 2.0 | 1.4 | 1.6 | 5.8 | 42.6% |
| Total | 70.5 | 123 | 202 | 285 | 59.3% |
Top Export Markets for Hydantoin from South Korea in 2022:
- Vietnam (83.7 tons)
- Thailand (11.4 tons)
- United States (6.4 tons)
- Malaysia (5.6 tons)
- Indonesia (2.6 tons)
- Brazil (0.8 tons)
- China (0.1 tons)
This report provides an in-depth analysis of the hydantoin 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 21103140 - Hydantoin and its derivatives
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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