Republic of Korea - Monoethanolamine And Its Salts - Market Analysis, Forecast, Size, Trends And Insights
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View PricingMonoethanolamine Price in South Korea - 2022
Contents:
- Monoethanolamine Price in South Korea (CIF) - 2022
- Monoethanolamine Price in South Korea (FOB) - 2022
- Monoethanolamine Imports in South Korea
- Monoethanolamine Exports in South Korea
Monoethanolamine Price in South Korea (CIF) - 2022
In 2022, the average monoethanolamine import price amounted to $1,095 per ton, waning by -4.9% against the previous year. In general, the import price saw a noticeable decline. The pace of growth appeared the most rapid in 2020 an increase of 13% against the previous year. Over the period under review, average import prices hit record highs at $1,498 per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.
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 the United States ($4,895 per ton), while the price for Saudi Arabia ($926 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+13.8%), while the prices for the other major suppliers experienced mixed trend patterns.
Monoethanolamine Price in South Korea (FOB) - 2022
In 2022, the average monoethanolamine export price amounted to $1,458 per ton, declining by -18% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average export price increased by 40% against the previous year. As a result, the export price attained the peak level of $1,778 per ton, and then declined significantly in the following year.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Vietnam ($2,444 per ton), while the average price for exports to China ($1,138 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 Canada (+0.0%), while the prices for the other major destinations experienced a decline.
Monoethanolamine Imports in South Korea
In 2022, after three years of growth, there was decline in overseas purchases of monoethanolamine and its salts, when their volume decreased by -0.9% to 7.1K tons. Overall, imports, however, saw mild growth. The most prominent rate of growth was recorded in 2020 when imports increased by 2% against the previous year.
In value terms, monoethanolamine imports declined to $7.8M in 2022. The total import value increased at an average annual rate of +7.1% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 15% against the previous year.
| Import of Monoethanolamine in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Saudi Arabia | 4.0 | 3.5 | 4.0 | 3.5 | -4.4% |
| Germany | 0.6 | 1.2 | 1.7 | 1.5 | 35.7% |
| Belgium | 1.3 | 2.2 | 0.1 | 0.9 | -11.5% |
| Taiwan (Chinese) | 0.1 | 0.2 | 0.8 | 0.7 | 91.3% |
| China | N/A | N/A | 0.7 | 0.7 | 0.0% |
| Thailand | 0.2 | 0.2 | 0.3 | 0.3 | 14.5% |
| Others | 0.2 | 0.1 | 0.5 | 0.3 | 14.5% |
| Total | 6.4 | 7.3 | 8.3 | 7.8 | 6.8% |
Top Suppliers of Monoethanolamine to South Korea in 2022:
- Saudi Arabia (3.7K tons)
- Germany (1.3K tons)
- Belgium (0.8K tons)
- Taiwan (Chinese) (0.5K tons)
- China (0.4K tons)
- Thailand (0.2K tons)
Monoethanolamine Exports in South Korea
In 2022, shipments abroad of monoethanolamine and its salts decreased by -10.6% to 636 tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, enjoyed significant growth. The pace of growth appeared the most rapid in 2021 when exports increased by 53% against the previous year. As a result, the exports reached the peak of 711 tons, and then contracted in the following year.
In value terms, monoethanolamine exports declined remarkably to $928K in 2022. In general, exports, however, posted significant growth. The growth pace was the most rapid in 2021 when exports increased by 114% against the previous year. As a result, the exports attained the peak of $1.3M, and then declined sharply in the following year.
| Export of Monoethanolamine in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 4.3 | 2.8 | 168 | 328 | 324.1% |
| Brazil | 240 | 103 | 37.1 | 243 | 0.4% |
| China | 4.2 | 225 | 89.1 | 203 | 264.3% |
| Vietnam | 3.6 | 25.2 | 76.9 | 150 | 246.7% |
| Nigeria | 63.0 | N/A | N/A | N/A | 0% |
| Argentina | N/A | 66.6 | 64.9 | N/A | -2.6% |
| Colombia | N/A | 17.0 | 35.6 | N/A | 109.4% |
| Malaysia | N/A | 46.9 | N/A | N/A | 0% |
| South Africa | 17.8 | 15.9 | N/A | N/A | -10.7% |
| Australia | N/A | 86.0 | 19.8 | N/A | -77.0% |
| Canada | 72.3 | N/A | 159 | N/A | 48.3% |
| Others | 18.5 | 2.3 | 614 | 3.8 | -41.0% |
| Total | 424 | 591 | 1,264 | 928 | 29.8% |
Top Export Markets for Monoethanolamine from South Korea in 2022:
- Japan (208.2 tons)
- Brazil (187.9 tons)
- China (178.5 tons)
- Vietnam (61.2 tons)
This report provides an in-depth analysis of the monoethanolamine 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 20144233 - Monoethanolamine and its salts
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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