Republic of Korea - Maleic Anhydride - Market Analysis, Forecast, Size, Trends And Insights
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View PricingMaleic Anhydride Price in South Korea - 2022
Contents:
- Maleic Anhydride Price in South Korea (FOB) - 2022
- Maleic Anhydride Price in South Korea (CIF) - 2022
- Maleic Anhydride Exports in South Korea
- Maleic Anhydride Imports in South Korea
Maleic Anhydride Price in South Korea (FOB) - 2022
The average maleic anhydride export price stood at $1,537 per ton in 2022, increasing by 4.1% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average export price increased by 56%. Over the period under review, the average export prices attained the maximum at $1,685 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 the United States ($2,342 per ton), while the average price for exports to Malaysia ($958 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 the United States (+4.6%), while the prices for the other major destinations experienced more modest paces of growth.
Maleic Anhydride Price in South Korea (CIF) - 2022
In December 2022, the average maleic anhydride import price amounted to $1,006 per ton, which is down by -10.3% against the previous month. Over the period under review, the import price showed a deep reduction. The pace of growth appeared the most rapid in May 2022 when the average import price increased by 7.5% m-o-m. The import price peaked at $2,436 per ton in December 2021; however, from January 2022 to December 2022, import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In December 2022, the country with the highest price was Taiwan (Chinese) ($1,041 per ton), while the price for China totaled $1,005 per ton.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (-6.9%), while the prices for the other major suppliers experienced a decline.
Maleic Anhydride Exports in South Korea
In 2022, approx. 34K tons of maleic anhydride were exported from South Korea; with a decrease of -21.2% on the previous year. In general, exports saw a abrupt downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 8.4%.
In value terms, maleic anhydride exports shrank notably to $52M in 2022. Over the period under review, total exports indicated a measured expansion from 2019 to 2022: its value increased at an average annual rate of +2.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +38.5% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by 69%. As a result, the exports attained the peak of $64M, and then plummeted in the following year.
| Export of Maleic Anhydride in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 1.1 | 1.1 | 6.0 | 12.2 | 123.0% |
| United States | 2.3 | 1.6 | 10.2 | 5.3 | 32.1% |
| Netherlands | 5.9 | 4.2 | 7.5 | 5.3 | -3.5% |
| India | 6.9 | 8.2 | 5.6 | 4.7 | -12.0% |
| Spain | 3.1 | 3.5 | 5.6 | 4.0 | 8.9% |
| Italy | 3.6 | 3.4 | 6.7 | 3.8 | 1.8% |
| Belgium | 2.9 | 1.6 | 4.3 | 3.0 | 1.1% |
| Turkey | 4.0 | 5.0 | 4.0 | 2.8 | -11.2% |
| United Kingdom | 1.8 | 1.1 | 2.3 | 2.1 | 5.3% |
| Germany | 6.1 | 2.1 | 1.8 | 1.8 | -33.4% |
| Singapore | 3.8 | 1.2 | 1.4 | 1.7 | -23.5% |
| Others | 6.9 | 4.8 | 8.3 | 5.5 | -7.3% |
| Total | 48.5 | 37.7 | 63.6 | 52.2 | 2.5% |
Top Export Markets for Maleic Anhydride from South Korea in 2022:
- Japan (5.9K tons)
- Netherlands (3.8K tons)
- India (3.8K tons)
- Spain (3.2K tons)
- Italy (3.0K tons)
- Turkey (2.7K tons)
- United States (2.2K tons)
- Belgium (1.9K tons)
- Germany (1.7K tons)
- United Kingdom (1.3K tons)
- Singapore (1.1K tons)
Maleic Anhydride Imports in South Korea
For the fourth consecutive year, South Korea recorded growth in supplies from abroad of maleic anhydride, which increased by 69% to 6.5K tons in 2022. In general, imports continue to indicate significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 70% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in years to come.
In value terms, maleic anhydride imports surged to $11M in 2022. Overall, imports saw a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 133% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.
| Import of Maleic Anhydride in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 0.9 | 0.8 | 2.1 | 5.3 | 80.6% |
| Taiwan (Chinese) | 0.3 | 1.7 | 4.4 | 4.9 | 153.7% |
| Italy | N/A | N/A | N/A | 1.1 | 0% |
| Indonesia | 0.5 | 0.1 | 0.1 | 0.1 | -41.5% |
| Others | N/A | 0.2 | N/A | 0.1 | -29.3% |
| Total | 1.7 | 2.8 | 6.6 | 11.4 | 88.6% |
Top Suppliers of Maleic Anhydride to South Korea in 2022:
- Indonesia (undefinedK tons)
- China (3.4K tons)
- Taiwan (Chinese) (2.4K tons)
- Italy (0.7K tons)
This report provides an in-depth analysis of the maleic anhydride 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 20143387 - Maleic anhydride
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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