Republic of Korea - Polyacetals In Primary Forms - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPolyacetals Price in South Korea - 2022
Contents:
- Polyacetals Price in South Korea (FOB) - 2022
- Polyacetals Price in South Korea (CIF) - 2022
- Polyacetals Exports in South Korea
- Polyacetals Imports in South Korea
Polyacetals Price in South Korea (FOB) - 2022
The average polyacetals export price stood at $2,319 per ton in December 2022, surging by 1.7% against the previous month. Over the period under review, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in August 2022 an increase of 8% against the previous month. As a result, the export price attained the peak level of $2,378 per ton. From September 2022 to December 2022, the the average export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Brazil ($2,972 per ton), while the average price for exports to the Netherlands ($1,670 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 Denmark (+4.1%), while the prices for the other major destinations experienced more modest paces of growth.
Polyacetals Price in South Korea (CIF) - 2022
In December 2022, the average polyacetals import price amounted to $2,917 per ton, dropping by -2.3% against the previous month. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in June 2022 when the average import price increased by 22% month-to-month. The import price peaked at $3,695 per ton in July 2022; however, from August 2022 to December 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Japan ($5,238 per ton), while the price for China ($517 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 Japan (+1.7%), while the prices for the other major suppliers experienced mixed trend patterns.
Polyacetals Exports in South Korea
In 2022, the amount of polyacetals in primary forms exported from South Korea fell to 200K tons, with a decrease of -6.7% compared with the year before. The total export volume increased at an average annual rate of +5.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 28% against the previous year. As a result, the exports reached the peak of 214K tons, and then declined in the following year.
In value terms, polyacetals exports rose remarkably to $451M in 2022. In general, total exports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +13.5% 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 +56.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 46% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.
| Export of Polyacetals in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 69.7 | 72.8 | 113 | 95.0 | 10.9% |
| United States | 41.8 | 38.9 | 54.8 | 46.1 | 3.3% |
| Belgium | 30.9 | 26.7 | 45.6 | 38.3 | 7.4% |
| Germany | 21.4 | 17.6 | 24.5 | 20.6 | -1.3% |
| India | 17.9 | 17.9 | 20.6 | 17.3 | -1.1% |
| Hong Kong SAR | 13.3 | 12.5 | 14.5 | 12.2 | -2.8% |
| Vietnam | 7.8 | 8.6 | 14.4 | 12.1 | 15.8% |
| Brazil | 8.4 | 8.2 | 11.0 | 9.3 | 3.5% |
| Denmark | 8.3 | 8.9 | 9.8 | 8.3 | 0.0% |
| Italy | 9.8 | 6.7 | 8.9 | 7.5 | -8.5% |
| Netherlands | 2.9 | 1.0 | 8.3 | 7.0 | 34.1% |
| Turkey | 9.3 | 6.5 | 7.4 | 6.4 | -11.7% |
| Others | 67.0 | 61.3 | 85.6 | 171 | 36.7% |
| Total | 308 | 288 | 419 | 451 | 13.6% |
Top Export Markets for Polyacetals from South Korea in 2022:
- China (52.4K tons)
- United States (23.0K tons)
- Belgium (22.6K tons)
- Germany (10.6K tons)
- India (10.4K tons)
- Vietnam (6.3K tons)
- Hong Kong SAR (6.3K tons)
- Denmark (4.7K tons)
- Netherlands (4.6K tons)
- Brazil (4.5K tons)
- Italy (4.3K tons)
- Turkey (4.1K tons)
Polyacetals Imports in South Korea
For the third consecutive year, South Korea recorded decline in overseas purchases of polyacetals in primary forms, which decreased by -14% to 9.3K tons in 2022. In general, imports saw a significant contraction. The smallest decline of -4.5% was in 2021.
In value terms, polyacetals imports amounted to $29M in 2022. Overall, imports continue to indicate a abrupt downturn. The growth pace was the most rapid in 2021 with an increase of 8.9% against the previous year.
| Import of Polyacetals in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 11.5 | 13.5 | 15.9 | 13.6 | 5.7% |
| Thailand | 8.0 | 3.8 | 2.7 | 4.5 | -17.5% |
| Malaysia | 3.0 | 2.6 | 3.4 | 2.9 | -1.1% |
| Japan | 2.0 | 1.7 | 2.7 | 2.3 | 4.8% |
| China | 1.4 | 1.3 | 1.1 | 1.2 | -5.0% |
| Netherlands | 1.0 | 1.2 | 0.3 | 0.7 | -11.2% |
| Saudi Arabia | 4.2 | N/A | N/A | N/A | 0% |
| Others | 7.8 | 1.4 | 1.5 | 4.0 | -20.0% |
| Total | 38.9 | 25.4 | 27.7 | 29.1 | -9.2% |
Top Suppliers of Polyacetals to South Korea in 2022:
- United States (4.6K tons)
- Thailand (3.0K tons)
- Malaysia (1.7K tons)
- China (0.7K tons)
- Japan (0.6K tons)
- Netherlands (0.2K tons)
This report provides an in-depth analysis of the polyacetals 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 20164013 - Polyacetals, in primary forms
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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