Republic of Korea - Polyurethanes In Primary Forms - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPolyurethanes Price in South Korea - 2022
Contents:
- Polyurethanes Price in South Korea (FOB) - 2022
- Polyurethanes Price in South Korea (CIF) - 2022
- Polyurethanes Exports in South Korea
- Polyurethanes Imports in South Korea
Polyurethanes Price in South Korea (FOB) - 2022
In December 2022, the average polyurethanes export price amounted to $4,141 per ton, reducing by -11.2% against the previous month. Over the period under review, the export price recorded a mild contraction. The growth pace was the most rapid in November 2022 when the average export price increased by 8.2% month-to-month. Over the period under review, the average export prices hit record highs at $5,024 per ton in May 2022; however, from June 2022 to December 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In December 2022, the country with the highest price was the United States ($6,566 per ton), while the average price for exports to the Philippines ($2,359 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 Japan (+2.1%), while the prices for the other major destinations experienced mixed trend patterns.
Polyurethanes Price in South Korea (CIF) - 2022
In December 2022, the average polyurethanes import price amounted to $4,931 per ton, increasing by 11% against the previous month. Overall, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in June 2022 an increase of 14% m-o-m. As a result, import price reached the peak level of $5,327 per ton. From July 2022 to December 2022, the average import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Spain ($22,677 per ton), while the price for China ($3,215 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 Spain (+11.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Polyurethanes Exports in South Korea
Polyurethanes exports from South Korea shrank to 82K tons in 2022, falling by -4.7% on the previous year. In general, exports saw a mild setback. The pace of growth appeared the most rapid in 2021 when exports increased by 10%.
In value terms, polyurethanes exports declined to $342M in 2022. Over the period under review, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 22%. As a result, the exports attained the peak of $376M, and then dropped in the following year.
Export of Polyurethanes in South Korea (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 102 | 83.0 | 108 | 96.5 | -1.8% |
Vietnam | 86.1 | 88.5 | 91.1 | 81.1 | -2.0% |
Indonesia | 26.1 | 24.4 | 36.1 | 32.2 | 7.3% |
India | 16.4 | 17.2 | 23.2 | 20.6 | 7.9% |
United States | 18.8 | 13.9 | 16.1 | 19.2 | 0.7% |
Thailand | 9.3 | 11.0 | 14.6 | 13.0 | 11.8% |
Japan | 10.5 | 9.0 | 12.2 | 9.0 | -5.0% |
Taiwan (Chinese) | 4.8 | 5.2 | 7.2 | 6.4 | 10.1% |
Mexico | 4.6 | 4.1 | 6.3 | 6.0 | 9.3% |
Australia | 6.3 | 3.8 | 5.2 | 5.9 | -2.2% |
Russia | 4.5 | 4.4 | 5.8 | 5.1 | 4.3% |
Philippines | 4.1 | 3.4 | 4.0 | 4.1 | 0.0% |
Iran | 8.7 | 1.6 | 0.4 | 3.1 | -29.1% |
Others | 45.0 | 38.0 | 45.7 | 39.4 | -4.3% |
Total | 348 | 307 | 376 | 342 | -0.6% |
Top Export Markets for Polyurethanes from South Korea in 2022:
- China (19.6K tons)
- Vietnam (18.2K tons)
- Indonesia (6.7K tons)
- India (6.1K tons)
- United States (3.9K tons)
- Thailand (3.9K tons)
- Japan (2.0K tons)
- Australia (1.9K tons)
- Taiwan (Chinese) (1.9K tons)
- Iran (1.7K tons)
- Mexico (1.7K tons)
- Philippines (1.4K tons)
- Russia (1.4K tons)
Polyurethanes Imports in South Korea
In 2022, the amount of polyurethanes in primary forms imported into South Korea declined to 29K tons, reducing by -8.5% compared with the previous year. The total import volume increased at an average annual rate of +2.9% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 21%. As a result, imports reached the peak of 32K tons, and then contracted in the following year.
In value terms, polyurethanes imports fell to $133M in 2022. The total import value increased at an average annual rate of +4.0% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 37%. As a result, imports reached the peak of $154M, and then contracted in the following year.
Import of Polyurethanes in South Korea (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 43.2 | 38.4 | 61.3 | 59.5 | 11.3% |
Germany | 19.4 | 24.1 | 29.6 | 20.5 | 1.9% |
Taiwan (Chinese) | 7.9 | 7.0 | 10.1 | 9.8 | 7.4% |
Japan | 12.9 | 10.6 | 13.7 | 9.4 | -10.0% |
United States | 9.3 | 8.8 | 11.1 | 9.3 | 0.0% |
Italy | 7.5 | 6.9 | 7.3 | 5.8 | -8.2% |
France | 2.2 | 3.3 | 3.0 | 2.9 | 9.6% |
Spain | 6.4 | 4.7 | 5.1 | 2.9 | -23.2% |
Others | 9.8 | 8.8 | 12.9 | 13.1 | 10.2% |
Total | 119 | 112 | 154 | 133 | 3.8% |
Top Suppliers of Polyurethanes to South Korea in 2022:
- China (16.3K tons)
- Germany (4.2K tons)
- Taiwan (Chinese) (2.1K tons)
- Japan (1.2K tons)
- Italy (1.1K tons)
- United States (0.8K tons)
- France (0.5K tons)
- Spain (0.5K tons)
This report provides an in-depth analysis of the polyurethanes 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 20165670 - Polyurethanes, 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
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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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