Republic of Korea - Ketones And Quinones - Market Analysis, Forecast, Size, Trends and Insights
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View PricingKetone and Quinone Price in South Korea - 2022
Contents:
- Ketone and Quinone Price in South Korea (FOB) - 2022
- Ketone and Quinone Price in South Korea (CIF) - 2022
- Ketone and Quinone Exports in South Korea
- Ketone and Quinone Imports in South Korea
Ketone and Quinone Price in South Korea (FOB) - 2022
In 2022, the average ketone and quinone export price amounted to $979 per ton, which is down by -13% against the previous year. Overall, the export price recorded a slight curtailment. The most prominent rate of growth was recorded in 2021 an increase of 35% against the previous year. The export price peaked at $1,261 per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.
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 India ($1,410 per ton), while the average price for exports to China ($754 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 India (+1.9%), while the prices for the other major destinations experienced a decline.
Ketone and Quinone Price in South Korea (CIF) - 2022
In December 2022, the average ketone and quinone import price amounted to $2,525 per ton, growing by 18% against the previous month. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in June 2022 an increase of 27% m-o-m. As a result, import price reached the peak level of $3,097 per ton. From July 2022 to December 2022, the average import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($17,200 per ton), while the price for China ($1,987 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 the United States (+9.5%), while the prices for the other major suppliers experienced mixed trend patterns.
Ketone and Quinone Exports in South Korea
In 2022, the amount of ketones and quinones exported from South Korea fell slightly to 259K tons, waning by -4.7% compared with 2021 figures. Over the period under review, exports continue to indicate a perceptible contraction. The most prominent rate of growth was recorded in 2021 with an increase of 13% against the previous year.
In value terms, ketone and quinone exports shrank remarkably to $254M in 2022. Overall, total exports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +11.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +39.9% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 52%. As a result, the exports reached the peak of $306M, and then plummeted in the following year.
| Export of Ketone and Quinone in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 106 | 125 | 140 | 116 | 3.1% |
| India | 19.6 | 25.5 | 79.0 | 65.5 | 49.5% |
| Belgium | 1.6 | 0.3 | 12.1 | 10.1 | 84.8% |
| Japan | 3.9 | 13.7 | 11.8 | 9.8 | 36.0% |
| Netherlands | 6.8 | 7.2 | 10.6 | 8.8 | 9.0% |
| United States | 12.0 | 2.6 | 6.8 | 5.6 | -22.4% |
| Brazil | 5.4 | 2.1 | 6.2 | 5.1 | -1.9% |
| Turkey | 1.2 | 3.5 | 6.0 | 5.0 | 60.9% |
| Vietnam | 5.7 | 7.0 | 5.7 | 4.6 | -6.9% |
| Others | 19.1 | 14.6 | 28.1 | 23.6 | 7.3% |
| Total | 181 | 201 | 306 | 254 | 12.0% |
Top Export Markets for Ketone and Quinone from South Korea in 2022:
- China (153.3K tons)
- India (46.4K tons)
- Japan (10.6K tons)
- Belgium (9.5K tons)
- Netherlands (7.8K tons)
- Brazil (5.5K tons)
- United States (5.4K tons)
- Turkey (4.0K tons)
- Vietnam (3.7K tons)
Ketone and Quinone Imports in South Korea
In 2022, the amount of ketones and quinones imported into South Korea dropped to 159K tons, reducing by -14.7% against the previous year's figure. The total import volume increased at an average annual rate of +5.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 40% against the previous year. As a result, imports reached the peak of 186K tons, and then dropped in the following year.
In value terms, ketone and quinone imports declined sharply to $255M in 2022. Over the period under review, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +8.3% 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 +27.2% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 49% against the previous year. As a result, imports reached the peak of $306M, and then dropped remarkably in the following year.
| Import of Ketone and Quinone in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 105 | 112 | 150 | 125 | 6.0% |
| Japan | 65.1 | 52.1 | 98.6 | 82.3 | 8.1% |
| United States | 8.6 | 21.1 | 24.5 | 20.5 | 33.6% |
| Singapore | 3.2 | 1.8 | 6.4 | 5.3 | 18.3% |
| Taiwan (Chinese) | 5.6 | 3.6 | 6.1 | 5.1 | -3.1% |
| South Africa | 2.8 | 3.2 | 5.4 | 4.5 | 17.1% |
| Others | 11.0 | 11.2 | 15.3 | 13.0 | 5.7% |
| Total | 201 | 205 | 306 | 255 | 8.3% |
Top Suppliers of Ketone and Quinone to South Korea in 2022:
- China (71.1K tons)
- Japan (70.8K tons)
- Singapore (6.6K tons)
- Taiwan (Chinese) (3.8K tons)
- South Africa (2.7K tons)
- United States (2.2K tons)
This report provides an in-depth analysis of the ketone and quinone 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 20146211 - Acetone
- Prodcom 20146213 - Butanone (methyl ethyl ketone)
- Prodcom 20146215 - 4-Methylpentan-2-one (methyl isobutyl ketone)
- Prodcom 20146219 - Acyclic ketones, without other oxygen function (excluding acetone, butanone (methyl ethyl ketone), 4-methylpentan-2one (methyl isobutyl ketone))
- Prodcom 20146231 - Camphor, aromatic ketones without other oxygen function, k etone-alcohols, ketone-aldehydes, ketone-phenols and ketones with other oxygen function
- Prodcom 20146233 - Cyclohexanone and methylcyclohexanones
- Prodcom 20146235 - Ionones and methylionones
- Prodcom 20146239 - Cyclanic, cyclenic or cycloterpenic ketones without other oxygen function (excluding camphor, cyclohexanone and methylcyclohexanones, ionones and methylionones)
- Prodcom 20146260 - Quinones
- Prodcom 20146270 - Halogenated, sulphonated, nitrated or nitrosated derivatives of ketones and quinones
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.
-
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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