Republic of Korea - Industrial Fatty Alcohols - Market Analysis, Forecast, Size, Trends And Insights
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View PricingIndustrial Fatty Alcohols Price in South Korea - 2022
Contents:
- Industrial Fatty Alcohols Price in South Korea (CIF) - 2022
- Industrial Fatty Alcohols Price in South Korea (FOB) - 2022
- Industrial Fatty Alcohols Imports in South Korea
- Industrial Fatty Alcohols Exports in South Korea
Industrial Fatty Alcohols Price in South Korea (CIF) - 2022
The average industrial fatty alcohols import price stood at $1,427 per ton in 2022, falling by -14.2% against the previous year. Overall, the import price continues to indicate a perceptible curtailment. The pace of growth appeared the most rapid in 2021 when the average import price increased by 41%. The import price peaked at $2,211 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($3,729 per ton), while the price for Malaysia ($1,066 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+1.9%), while the prices for the other major suppliers experienced mixed trend patterns.
Industrial Fatty Alcohols Price in South Korea (FOB) - 2022
The average industrial fatty alcohols export price stood at $2,382 per ton in 2022, rising by 2% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of 36% against the previous year. Over the period under review, the average export prices attained the maximum at $2,910 per ton in 2015; however, from 2016 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 China ($6,367 per ton), while the average price for exports to Panama ($1,525 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 (+10.3%), while the prices for the other major destinations experienced more modest paces of growth.
Industrial Fatty Alcohols Imports in South Korea
After three years of growth, purchases abroad of industrial fatty alcohols decreased by -2.3% to 68K tons in 2022. The total import volume increased at an average annual rate of +5.4% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 14% against the previous year.
In value terms, industrial fatty alcohols imports dropped markedly to $97M in 2022. Over the period under review, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +10.4% 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 +34.7% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 48%. As a result, imports reached the peak of $116M, and then shrank remarkably in the following year.
| Import of Industrial Fatty Alcohols in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 29.4 | 30.3 | 32.4 | 50.6 | 19.8% |
| Malaysia | 14.2 | 20.6 | 8.7 | 13.6 | -1.4% |
| Germany | 5.5 | 4.6 | 3.1 | 5.3 | -1.2% |
| Thailand | 5.3 | 6.6 | 3.2 | 4.9 | -2.6% |
| Philippines | 8.3 | 6.8 | 3.6 | 4.2 | -20.3% |
| India | 2.7 | 2.9 | 2.3 | 3.6 | 10.1% |
| Singapore | N/A | N/A | N/A | 3.1 | 0% |
| Others | 6.8 | 6.7 | 62.8 | 11.9 | 20.5% |
| Total | 72.2 | 78.6 | 116 | 97.3 | 10.5% |
Top Suppliers of Industrial Fatty Alcohols to South Korea in 2022:
- Indonesia (41.9K tons)
- Malaysia (12.7K tons)
- Thailand (4.0K tons)
- Philippines (2.0K tons)
- Singapore (1.5K tons)
- India (1.4K tons)
- Germany (1.4K tons)
Industrial Fatty Alcohols Exports in South Korea
In 2022, overseas shipments of industrial fatty alcohols decreased by -12.8% to 720 tons for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, saw a significant expansion. The growth pace was the most rapid in 2020 when exports increased by 269%.
In value terms, industrial fatty alcohols exports reduced to $1.7M in 2022. Over the period under review, exports, however, showed a significant expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 269% against the previous year.
| Export of Industrial Fatty Alcohols in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | 163 | 777 | 932 | 1,031 | 84.9% |
| Brazil | 28.8 | 105 | 172 | 190 | 87.6% |
| Malaysia | 40.2 | 148 | 155 | 172 | 62.3% |
| China | 62.1 | 213 | 263 | 65.4 | 1.7% |
| South Africa | N/A | N/A | N/A | 45.4 | 0% |
| Panama | 19.5 | 24.0 | 27.1 | 34.6 | 21.1% |
| Argentina | N/A | 111 | N/A | N/A | 0% |
| Others | 93.2 | 123 | 379 | 176 | 23.6% |
| Total | 407 | 1,501 | 1,928 | 1,715 | 61.5% |
Top Export Markets for Industrial Fatty Alcohols from South Korea in 2022:
- Taiwan (Chinese) (464.0 tons)
- Brazil (123.7 tons)
- Malaysia (42.6 tons)
- Panama (22.7 tons)
- South Africa (13.9 tons)
- China (10.3 tons)
This report provides an in-depth analysis of the industrial fatty alcohols 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 20142100 - Industrial fatty alcohols
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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