Republic of Korea - Iron Oxides And Hydroxides - Market Analysis, Forecast, Size, Trends and Insights
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View PricingIron Oxide Pigment Price in South Korea - 2022
Contents:
- Iron Oxide Pigment Price in South Korea (FOB) - 2022
- Iron Oxide Pigment Price in South Korea (CIF) - 2022
- Iron Oxide Pigment Exports in South Korea
- Iron Oxide Pigment Imports in South Korea
Iron Oxide Pigment Price in South Korea (FOB) - 2022
In 2022, the average iron oxide pigment export price amounted to $592 per ton, picking up by 25% against the previous year. In general, export price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, iron oxide pigment export price increased by +83.2% against 2015 indices. The growth pace was the most rapid in 2021 an increase of 30%. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($907 per ton), while the average price for exports to Saudi Arabia ($434 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 (+4.3%), while the prices for the other major destinations experienced a decline.
Iron Oxide Pigment Price in South Korea (CIF) - 2022
In 2022, the average iron oxide pigment import price amounted to $1,246 per ton, declining by -2.8% against the previous year. Over the last decade, it increased at an average annual rate of +2.1%. The most prominent rate of growth was recorded in 2020 an increase of 20% against the previous year. Over the period under review, average import prices reached the peak figure at $1,283 per ton in 2021, and then reduced in the following year.
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 ($2,577 per ton), while the price for Vietnam ($194 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+9.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Iron Oxide Pigment Exports in South Korea
In 2022, approx. 50K tons of iron oxide pigments were exported from South Korea; waning by -43.4% compared with 2021. Overall, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 86% against the previous year. As a result, the exports attained the peak of 88K tons, and then declined dramatically in the following year.
In value terms, iron oxide pigment exports reduced markedly to $29M in 2022. Over the period under review, exports, however, continue to indicate prominent growth. The pace of growth was the most pronounced in 2021 with an increase of 143% against the previous year. As a result, the exports attained the peak of $42M, and then contracted remarkably in the following year.
| Export of Iron Oxide Pigment in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 13.4 | 12.7 | 35.2 | 24.8 | 22.8% |
| United States | 1.2 | 0.6 | 1.2 | 0.8 | -12.6% |
| Vietnam | 0.7 | 0.8 | 0.9 | 0.6 | -5.0% |
| Saudi Arabia | 0.6 | 0.3 | 0.7 | 0.5 | -5.9% |
| Others | 1.8 | 2.7 | 3.5 | 2.5 | 11.6% |
| Total | 17.7 | 17.1 | 41.6 | 29.3 | 18.3% |
Top Export Markets for Iron Oxide Pigment from South Korea in 2022:
- China (43.2K tons)
- Vietnam (1.3K tons)
- Saudi Arabia (1.2K tons)
- United States (0.9K tons)
Iron Oxide Pigment Imports in South Korea
Iron oxide pigment imports into South Korea dropped to 17K tons in 2022, falling by -5.6% compared with the year before. In general, imports continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 9.2% against the previous year.
In value terms, iron oxide pigment imports shrank to $22M in 2022. Over the period under review, imports recorded a mild setback. The most prominent rate of growth was recorded in 2021 when imports increased by 20% against the previous year. As a result, imports reached the peak of $23M, and then fell in the following year.
| Import of Iron Oxide Pigment in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 8.7 | 8.1 | 11.0 | 9.9 | 4.4% |
| Germany | 7.4 | 6.0 | 6.7 | 6.1 | -6.2% |
| Japan | 2.4 | 2.2 | 2.4 | 2.1 | -4.4% |
| Brazil | 0.2 | 0.6 | 0.6 | 0.5 | 35.7% |
| Vietnam | 0.5 | 0.3 | 0.6 | 0.5 | 0.0% |
| Spain | 0.1 | 0.2 | 0.2 | 0.2 | 26.0% |
| India | 0.2 | 0.2 | N/A | 0.1 | -20.6% |
| Others | 2.7 | 1.9 | 2.0 | 2.1 | -8.0% |
| Total | 22.2 | 19.6 | 23.5 | 21.5 | -1.1% |
Top Suppliers of Iron Oxide Pigment to South Korea in 2022:
- China (8.2K tons)
- Vietnam (2.6K tons)
- Germany (2.4K tons)
- Japan (1.5K tons)
- Brazil (0.9K tons)
- India (0.7K tons)
- Spain (0.4K tons)
This report provides an in-depth analysis of the iron oxide pigment 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 20121910 - Iron oxides and hydroxides, earth colours containing .70 % or more by weight of combined iron evaluated as Fe2O3
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
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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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This report provides an in-depth analysis of the iron oxide pigment market in Republic of Korea.
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This report provides an in-depth analysis of the global iron oxide pigment market.
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This report provides an in-depth analysis of the iron oxide pigment market in Republic of Korea.
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This report provides an in-depth analysis of the global iron oxide pigment market.
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In value terms, lead oxides exports amounted to $X in 2016. Overall, lead oxides exports continue to indicate a drastic reduction. Over the period under review, global lead oxides exports reached i...
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In 2016, approx. X tons of iron oxide pigments were imported worldwide- remaining stable against the previous year figure. In general, iron oxide pigments imports continue to indicate a relativel...
868
In 2016, approx. X tons of iron oxide pigments were imported worldwide- remaining stable against the previous year figure. In general, iron oxide pigments imports continue to indicate a relativel...
1922
According to the U.S. Geological Survey, 2014 was marked by a slight decrease in iron oxide pigments production in the U.S. compared with the previous year. Approximately X thousand tons of finished natural and synthetic iron oxide pigments were pro
770
In value terms, lead oxides imports amounted to $X in 2016. In general, lead oxides imports continue to indicate a drastic curtailment. Over the period under review, global lead oxides imports reac...
956
In value terms, lead oxides exports amounted to $X in 2016. Overall, lead oxides exports continue to indicate a drastic reduction. Over the period under review, global lead oxides exports reached i...
1242
In 2016, approx. X tons of iron oxide pigments were imported worldwide- remaining stable against the previous year figure. In general, iron oxide pigments imports continue to indicate a relativel...
868
In 2016, approx. X tons of iron oxide pigments were imported worldwide- remaining stable against the previous year figure. In general, iron oxide pigments imports continue to indicate a relativel...
1922
According to the U.S. Geological Survey, 2014 was marked by a slight decrease in iron oxide pigments production in the U.S. compared with the previous year. Approximately X thousand tons of finished natural and synthetic iron oxide pigments were pro
