Republic of Korea - Lactose And Lactose Syrup - Market Analysis, Forecast, Size, Trends And Insights
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View PricingLactose Price in South Korea - 2022
Contents:
- Lactose Price in South Korea (CIF) - 2022
- Lactose Price in South Korea (FOB) - 2022
- Lactose Imports in South Korea
- Lactose Exports in South Korea
Lactose Price in South Korea (CIF) - 2022
In 2022, the average lactose import price amounted to $1,590 per ton, increasing by 12% against the previous year. In general, the import price, however, recorded a noticeable downturn. The most prominent rate of growth was recorded in 2017 when the average import price increased by 21% against the previous year. The import price peaked at $1,947 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 ($3,156 per ton), while the price for Canada ($792 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+2.4%), while the prices for the other major suppliers experienced mixed trend patterns.
Lactose Price in South Korea (FOB) - 2022
In 2022, the average lactose export price amounted to $1,632 per ton, declining by -16.6% against the previous year. Over the period under review, the export price faced a drastic downturn. The most prominent rate of growth was recorded in 2014 an increase of 128%. As a result, the export price attained the peak level of $9,398 per ton. From 2015 to 2022, the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Sudan ($12,950 per ton), while the average price for exports to Mongolia ($922 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 (+5.3%), while the prices for the other major destinations experienced a decline.
Lactose Imports in South Korea
In 2022, the amount of lactose and lactose syrup imported into South Korea fell to 22K tons, which is down by -6.7% against the previous year's figure. Overall, imports showed a perceptible reduction. The most prominent rate of growth was recorded in 2021 with an increase of 3.3%.
In value terms, lactose imports expanded modestly to $34M in 2022. The total import value increased at an average annual rate of +4.8% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 4.9% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to see steady growth in the near future.
| Import of Lactose in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 16.8 | 15.3 | 20.9 | 18.1 | 2.5% |
| Germany | 6.1 | 8.3 | 6.1 | 7.1 | 5.2% |
| Netherlands | 4.9 | 5.0 | 3.8 | 6.1 | 7.6% |
| France | 0.5 | 1.1 | 1.1 | 1.6 | 47.4% |
| Others | 1.5 | 1.5 | 0.9 | 1.4 | -2.3% |
| Total | 29.8 | 31.3 | 32.8 | 34.3 | 4.8% |
Top Suppliers of Lactose to South Korea in 2022:
- United States (15.4K tons)
- Netherlands (2.3K tons)
- Germany (2.2K tons)
- France (1.2K tons)
Lactose Exports in South Korea
In 2022, approx. 49 tons of lactose and lactose syrup were exported from South Korea; picking up by 82% on 2021. Over the period under review, exports, however, saw a drastic downturn. The most prominent rate of growth was recorded in 2021 with an increase of 197% against the previous year.
In value terms, lactose exports surged to $80K in 2022. In general, exports, however, faced a dramatic decrease. The pace of growth was the most pronounced in 2021 with an increase of 52%.
| Export of Lactose in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mongolia | N/A | 11.2 | 17.8 | 40.8 | 90.9% |
| Sudan | N/A | N/A | N/A | 25.9 | 0% |
| Vietnam | 163 | 17.8 | 7.1 | 9.1 | -61.8% |
| China | 133 | N/A | 0.4 | 3.0 | -71.7% |
| United States | N/A | 0.3 | 26.8 | 0.7 | 52.8% |
| Others | 2.2 | 5.5 | 0.9 | 0.8 | -28.6% |
| Total | 298 | 34.8 | 53.0 | 80.3 | -35.4% |
Top Export Markets for Lactose from South Korea in 2022:
- Mongolia (44.3 tons)
- Sudan (2.0 tons)
- Vietnam (1.9 tons)
- China (0.6 tons)
- United States (0.3 tons)
This report provides an in-depth analysis of the lactose 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 10515400 - Lactose and lactose syrup (including chemically pure lactose)
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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