Republic of Korea - Nitrates (Excluding Those Of Potassium) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingNitrates Price in South Korea - 2022
Contents:
- Nitrates Price in South Korea (CIF) - 2022
- Nitrates Price in South Korea (FOB) - 2022
- Nitrates Imports in South Korea
- Nitrates Exports in South Korea
Nitrates Price in South Korea (CIF) - 2022
In 2022, the average nitrates import price amounted to $943 per ton, shrinking by -2.6% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the average import price increased by 20%. Over the period under review, average import prices attained the maximum at $972 per ton in 2014; however, from 2015 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 Japan ($7,446 per ton), while the price for Norway ($404 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+9.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Nitrates Price in South Korea (FOB) - 2022
The average nitrates export price stood at $807 per ton in 2022, flattening at the previous year. Overall, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average export price increased by 67% against the previous year. The export price peaked at $2,066 per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.
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 Uzbekistan ($1,682 per ton), while the average price for exports to China ($226 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 Japan (+5.2%), while the prices for the other major destinations experienced mixed trend patterns.
Nitrates Imports in South Korea
In 2022, after three years of growth, there was significant decline in purchases abroad of nitrates (excluding those of potassium), when their volume decreased by -11% to 22K tons. The total import volume increased at an average annual rate of +7.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 28%. As a result, imports reached the peak of 24K tons, and then fell in the following year.
In value terms, nitrates imports dropped to $20M in 2022. Over the period under review, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +10.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +34.5% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 37%. As a result, imports attained the peak of $24M, and then shrank in the following year.
| Import of Nitrates in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 7.0 | 9.7 | 14.6 | 12.6 | 21.6% |
| Spain | 3.8 | 2.0 | 2.8 | 2.4 | -14.2% |
| Norway | 1.1 | 1.1 | 1.5 | 1.3 | 5.7% |
| Others | 3.3 | 4.5 | 4.7 | 4.0 | 6.6% |
| Total | 15.2 | 17.2 | 23.6 | 20.4 | 10.3% |
Top Suppliers of Nitrates to South Korea in 2022:
- China (15.6K tons)
- Norway (3.2K tons)
- Spain (2.0K tons)
Nitrates Exports in South Korea
In 2022, after three years of growth, there was significant decline in shipments abroad of nitrates (excluding those of potassium), when their volume decreased by -21.5% to 3.9K tons. In general, exports, however, recorded significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 103% against the previous year. As a result, the exports attained the peak of 5K tons, and then contracted markedly in the following year.
In value terms, nitrates exports reduced markedly to $3.2M in 2022. Over the period under review, exports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 71%. As a result, the exports attained the peak of $4M, and then shrank dramatically in the following year.
| Export of Nitrates in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 1,373 | 1,850 | 2,253 | 2,483 | 21.8% |
| Taiwan (Chinese) | 61.3 | 323 | 928 | 369 | 81.9% |
| Uzbekistan | 0.1 | 83.4 | 346 | 138 | 1013.3% |
| China | N/A | 6.9 | 237 | 94.1 | 269.3% |
| Myanmar | N/A | N/A | 57.3 | N/A | 0% |
| Others | 38.8 | 79.6 | 192 | 94.3 | 34.4% |
| Total | 1,473 | 2,343 | 4,013 | 3,178 | 29.2% |
Top Export Markets for Nitrates from South Korea in 2022:
- Germany (2861.5 tons)
- Taiwan (Chinese) (558.5 tons)
- China (417.0 tons)
- Uzbekistan (81.9 tons)
This report provides an in-depth analysis of the nitrates 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 20134210 - Nitrates (excluding those of potassium)
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
377
This report provides an in-depth analysis of the nitrates market in Republic of Korea.
375
This report provides an in-depth analysis of the potassium nitrate market in Republic of Korea.
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This report provides an in-depth analysis of the nitrites market in Republic of Korea.
880
This report provides an in-depth analysis of the global nitrates market.
815
This report provides an in-depth analysis of the global potassium nitrate market.
536
This report provides an in-depth analysis of the global nitrites market.
377
This report provides an in-depth analysis of the nitrates market in Republic of Korea.
375
This report provides an in-depth analysis of the potassium nitrate market in Republic of Korea.
383
This report provides an in-depth analysis of the nitrites market in Republic of Korea.
880
This report provides an in-depth analysis of the global nitrates market.
1011
In value terms, nitrites and nitrates imports stood at $X in 2016. The total import value increased at an average annual rate of +X% from 2007 to 2016; the trend pattern indicated some noticeable...
1326
In value terms, hydrides, nitrides, azides, silicides and borides imports stood at $X in 2016. The total import value increased at an average annual rate of +X% from 2007 to 2016; the trend patte...
912
In value terms, nitrites and nitrates exports stood at $X in 2016. The total export value increased at an average annual rate of +X% over the period from 2007 to 2016; the trend pattern indicated...
634
In value terms, hydrides, nitrides, azides, silicides and borides exports totaled $X in 2016. Overall, hydrides, nitrides, azides, silicides and borides exports continue to indicate a relatively fl...
1011
In value terms, nitrites and nitrates imports stood at $X in 2016. The total import value increased at an average annual rate of +X% from 2007 to 2016; the trend pattern indicated some noticeable...
1326
In value terms, hydrides, nitrides, azides, silicides and borides imports stood at $X in 2016. The total import value increased at an average annual rate of +X% from 2007 to 2016; the trend patte...
912
In value terms, nitrites and nitrates exports stood at $X in 2016. The total export value increased at an average annual rate of +X% over the period from 2007 to 2016; the trend pattern indicated...
634
In value terms, hydrides, nitrides, azides, silicides and borides exports totaled $X in 2016. Overall, hydrides, nitrides, azides, silicides and borides exports continue to indicate a relatively fl...
