Republic of Korea - Monophenols - Market Analysis, Forecast, Size, Trends And Insights
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View PricingMonophenols Price in South Korea - 2022
Contents:
- Monophenols Price in South Korea (FOB) - 2022
- Monophenols Price in South Korea (CIF) - 2022
- Monophenols Exports in South Korea
- Monophenols Imports in South Korea
Monophenols Price in South Korea (FOB) - 2022
The average monophenols export price stood at $1,063 per ton in December 2022, which is down by -12.1% against the previous month. Overall, the export price recorded a mild shrinkage. The pace of growth appeared the most rapid in May 2022 when the average export price increased by 16% month-to-month. As a result, the export price reached the peak level of $1,736 per ton. From June 2022 to December 2022, the the average export prices remained at a somewhat lower figure.
Average prices varied noticeably for the major external markets. In December 2022, the highest price was recorded for prices to India ($1,120 per ton) and Japan ($1,041 per ton), while the average price for exports to Taiwan (Chinese) ($973 per ton) and China ($1,029 per ton) were amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to Australia (-0.2%), while the prices for the other major destinations experienced a decline.
Monophenols Price in South Korea (CIF) - 2022
In December 2022, the average monophenols import price amounted to $1,966 per ton, reducing by -38.9% against the previous month. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in November 2022 an increase of 74% month-to-month. As a result, import price attained the peak level of $3,219 per ton, and then fell markedly in the following month.
There were significant differences in the average prices amongst the major supplying countries. In December 2022, the country with the highest price was the United States ($6,240 per ton), while the price for Thailand ($1,217 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 (+4.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Monophenols Exports in South Korea
In 2022, exports of monophenols from South Korea fell notably to 252K tons, shrinking by -17.1% against the previous year. In general, exports recorded a abrupt setback. The pace of growth was the most pronounced in 2021 when exports increased by 9.9%.
In value terms, monophenols exports rose to $348M in 2022. Over the period under review, exports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 63%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in years to come.
| Export of Monophenols in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 86.4 | 79.7 | 99.1 | 118 | 10.9% |
| Taiwan (Chinese) | 97.9 | 31.1 | 124 | 97.4 | -0.2% |
| China | 123 | 60.6 | 72.4 | 67.7 | -18.0% |
| India | 18.8 | 19.3 | 19.3 | 32.5 | 20.0% |
| Thailand | 4.3 | 8.7 | 7.9 | 16.2 | 55.6% |
| Australia | 0.4 | 1.3 | 2.7 | 6.2 | 149.3% |
| Others | 9.4 | 8.7 | 14.4 | 10.0 | 2.1% |
| Total | 340 | 209 | 340 | 348 | 0.8% |
Top Export Markets for Monophenols from South Korea in 2022:
- Japan (89.8K tons)
- Taiwan (Chinese) (72.1K tons)
- China (49.9K tons)
- India (22.8K tons)
- Thailand (7.3K tons)
- Australia (4.8K tons)
Monophenols Imports in South Korea
In 2022, approx. 74K tons of monophenols were imported into South Korea; shrinking by -25.6% against 2021 figures. Over the period under review, imports recorded a deep setback. The most prominent rate of growth was recorded in 2021 with an increase of 9.5%.
In value terms, monophenols imports declined to $175M in 2022. The total import value increased at an average annual rate of +3.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 43%. As a result, imports attained the peak of $180M, and then reduced slightly in the following year.
| Import of Monophenols in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 49.9 | 38.3 | 48.3 | 40.9 | -6.4% |
| China | 11.8 | 11.2 | 23.5 | 31.0 | 38.0% |
| Taiwan (Chinese) | 10.9 | 15.1 | 31.5 | 28.6 | 37.9% |
| Singapore | 24.0 | 20.0 | 23.8 | 20.6 | -5.0% |
| Germany | 12.3 | 14.2 | 16.5 | 18.2 | 14.0% |
| United States | 14.1 | 8.2 | 8.7 | 10.2 | -10.2% |
| India | 5.0 | 2.8 | 10.9 | 9.1 | 22.1% |
| Japan | 7.4 | 4.2 | 4.5 | 6.9 | -2.3% |
| Russia | 5.8 | 4.5 | 4.9 | 3.2 | -18.0% |
| Saudi Arabia | 8.4 | N/A | N/A | N/A | 0% |
| Others | 8.5 | 7.3 | 7.9 | 6.2 | -10.0% |
| Total | 158 | 126 | 180 | 175 | 3.5% |
Top Suppliers of Monophenols to South Korea in 2022:
- Thailand (30.5K tons)
- Taiwan (Chinese) (10.6K tons)
- Singapore (9.7K tons)
- China (9.2K tons)
- Germany (3.2K tons)
- Japan (2.9K tons)
- United States (2.8K tons)
- India (2.6K tons)
- Russia (0.9K tons)
This report provides an in-depth analysis of the monophenols 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 20142410 - Monophenols
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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