Republic of Korea - Pickling Preparations For Metal Surfaces - Market Analysis, Forecast, Size, Trends And Insights
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View PricingMetal Pickling Preparations Price in South Korea - 2022
Contents:
- Metal Pickling Preparations Price in South Korea (CIF) - 2022
- Metal Pickling Preparations Price in South Korea (FOB) - 2022
- Metal Pickling Preparations Imports in South Korea
- Metal Pickling Preparations Exports in South Korea
Metal Pickling Preparations Price in South Korea (CIF) - 2022
The average metal pickling preparations import price stood at $8,129 per ton in December 2022, falling by -8.9% against the previous month. In general, the import price showed a slight decline. The most prominent rate of growth was recorded in April 2022 when the average import price increased by 45% m-o-m. Over the period under review, average import prices hit record highs at $10,716 per ton in July 2022; however, from August 2022 to December 2022, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Japan ($17,555 per ton), while the price for the Czech Republic ($2,269 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 Belgium (+15.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Metal Pickling Preparations Price in South Korea (FOB) - 2022
The average metal pickling preparations export price stood at $4,818 per ton in December 2022, reducing by -18% against the previous month. Overall, the export price continues to indicate a slight reduction. The growth pace was the most rapid in January 2022 an increase of 15% m-o-m. Over the period under review, the average export prices attained the maximum at $6,814 per ton in August 2022; however, from September 2022 to December 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In December 2022, the country with the highest price was India ($6,413 per ton), while the average price for exports to Spain ($1,360 per ton) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+5.1%), while the prices for the other major destinations experienced more modest paces of growth.
Metal Pickling Preparations Imports in South Korea
For the fourth consecutive year, South Korea recorded growth in supplies from abroad of pickling preparations for metal surfaces, which increased by 2% to 23K tons in 2022. Over the period under review, total imports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +12.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +42.8% against 2019 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 32%. Over the period under review, imports reached the maximum in 2022 and are likely to continue growth in years to come.
In value terms, metal pickling preparations imports amounted to $147M in 2022. The total import value increased at an average annual rate of +5.4% over the period from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 16%. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Metal Pickling Preparations in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 52.8 | 50.2 | 64.1 | 63.8 | 6.5% |
| Taiwan (Chinese) | 34.2 | 31.9 | 27.0 | 31.4 | -2.8% |
| China | 9.4 | 8.8 | 12.5 | 12.4 | 9.7% |
| United States | 9.1 | 9.1 | 12.1 | 12.1 | 10.0% |
| Germany | 4.1 | 4.3 | 3.5 | 4.0 | -0.8% |
| Czech Republic | 0.9 | 1.0 | 1.5 | 1.4 | 15.9% |
| Belgium | 1.3 | 1.8 | 0.7 | 1.3 | 0.0% |
| France | 1.0 | 1.4 | 1.2 | 1.2 | 6.3% |
| Others | 12.5 | 13.0 | 18.2 | 18.9 | 14.8% |
| Total | 125 | 122 | 141 | 147 | 5.6% |
Top Suppliers of Metal Pickling Preparations to South Korea in 2022:
- China (7.7K tons)
- Japan (5.1K tons)
- Taiwan (Chinese) (4.3K tons)
- Germany (2.0K tons)
- United States (1.1K tons)
- Czech Republic (0.8K tons)
- France (0.4K tons)
- Belgium (0.4K tons)
Metal Pickling Preparations Exports in South Korea
Metal pickling preparations exports from South Korea contracted notably to 16K tons in 2022, which is down by -32% against 2021. In general, exports continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2021 when exports increased by 12% against the previous year. As a result, the exports attained the peak of 23K tons, and then reduced markedly in the following year.
In value terms, metal pickling preparations exports dropped significantly to $50M in 2022. Overall, exports recorded a dramatic decline. The most prominent rate of growth was recorded in 2021 with an increase of 21% against the previous year. As a result, the exports attained the peak of $123M, and then contracted dramatically in the following year.
| Export of Metal Pickling Preparations in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 39.7 | 40.3 | 47.8 | 19.1 | -21.6% |
| China | 23.2 | 24.4 | 27.3 | 10.9 | -22.3% |
| United States | 3.5 | 4.4 | 6.3 | 2.5 | -10.6% |
| India | 2.6 | 3.4 | 6.0 | 2.4 | -2.6% |
| Indonesia | 2.7 | 2.9 | 4.8 | 1.9 | -11.1% |
| Malaysia | 4.8 | 5.2 | 3.9 | 1.8 | -27.9% |
| Germany | 4.3 | 3.5 | 3.6 | 1.5 | -29.6% |
| Thailand | 3.1 | 3.3 | 3.8 | 1.5 | -21.5% |
| Mexico | 3.5 | 2.2 | 2.5 | 1.1 | -32.0% |
| Japan | 1.6 | 1.1 | 2.8 | 1.1 | -11.7% |
| Dominican Republic | 1.1 | 0.8 | 1.6 | 0.6 | -18.3% |
| Others | 10.9 | 10.4 | 12.7 | 5.3 | -21.4% |
| Total | 101 | 102 | 123 | 49.8 | -21.0% |
Top Export Markets for Metal Pickling Preparations from South Korea in 2022:
- Vietnam (6.2K tons)
- China (2.5K tons)
- United States (1.0K tons)
- Malaysia (1.0K tons)
- Germany (1.0K tons)
- India (0.6K tons)
- Dominican Republic (0.6K tons)
- Thailand (0.5K tons)
- Mexico (0.4K tons)
- Indonesia (0.4K tons)
- Japan (0.3K tons)
This report provides an in-depth analysis of the metal pickling preparations 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 20595620 - Pickling preparations for metal surfaces
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
-
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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