Republic of Korea - Prepared Rubber Accelerators - Market Analysis, Forecast, Size, Trends And Insights
Report Update: Apr 1, 2024

Republic of Korea - Prepared Rubber Accelerators - Market Analysis, Forecast, Size, Trends And Insights

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Prepared Rubber Accelerators Price in South Korea - 2022

Contents:

  1. Prepared Rubber Accelerators Price in South Korea (CIF) - 2022
  2. Prepared Rubber Accelerators Price in South Korea (FOB) - 2022
  3. Prepared Rubber Accelerators Imports in South Korea
  4. Prepared Rubber Accelerators Exports in South Korea

Prepared Rubber Accelerators Price in South Korea (CIF) - 2022

The average prepared rubber accelerators import price stood at $4,304 per ton in 2022, dropping by -11.2% against the previous year. Over the last decade, it increased at an average annual rate of +1.2%. The most prominent rate of growth was recorded in 2021 when the average import price increased by 32% against the previous year. As a result, import price attained the peak level of $4,849 per ton, and then reduced in the following year.

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 ($15,071 per ton), while the price for Malaysia ($1,482 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+7.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Prepared Rubber Accelerators Price in South Korea (FOB) - 2022

The average prepared rubber accelerators export price stood at $5,107 per ton in December 2022, increasing by 1.8% against the previous month. Overall, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2022 an increase of 10% against the previous month. As a result, the export price reached the peak level of $5,604 per ton. From May 2022 to December 2022, the the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In December 2022, the country with the highest price was India ($9,069 per ton), while the average price for exports to Indonesia ($3,918 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 Vietnam (+2.0%), while the prices for the other major destinations experienced more modest paces of growth.

Prepared Rubber Accelerators Imports in South Korea

In 2022, imports of prepared rubber accelerators into South Korea reduced to 6.3K tons, waning by -5.5% against the year before. Over the period under review, imports saw a slight curtailment. The most prominent rate of growth was recorded in 2021 when imports increased by 12% against the previous year. As a result, imports attained the peak of 6.6K tons, and then dropped in the following year.

In value terms, prepared rubber accelerators imports dropped notably to $27M in 2022. Overall, imports continue to indicate a slight decrease. The pace of growth appeared the most rapid in 2021 when imports increased by 47%. As a result, imports attained the peak of $32M, and then reduced notably in the following year.

Import of Prepared Rubber Accelerators in South Korea (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
China19.114.623.319.30.3%
United States4.03.44.64.32.4%
Japan1.31.00.71.42.5%
Czech Republic0.40.40.50.57.7%
Russia0.60.20.40.3-20.6%
Malaysia0.20.20.20.1-20.6%
Others3.01.92.51.0-30.7%
Total28.521.832.127.0-1.8%

Top Suppliers of Prepared Rubber Accelerators to South Korea in 2022:

  1. China (5318.2 tons)
  2. United States (286.3 tons)
  3. Czech Republic (147.3 tons)
  4. Russia (121.2 tons)
  5. Japan (115.6 tons)
  6. Malaysia (99.8 tons)

Prepared Rubber Accelerators Exports in South Korea

In 2022, shipments abroad of prepared rubber accelerators decreased by -17.4% to 8.3K tons for the first time since 2018, thus ending a three-year rising trend. Overall, total exports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +9.2% 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 +30.1% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 54% against the previous year. As a result, the exports reached the peak of 10K tons, and then dropped rapidly in the following year.

In value terms, prepared rubber accelerators exports fell to $35M in 2022. In general, total exports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +7.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +22.8% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 40%. As a result, the exports reached the peak of $40M, and then fell in the following year.

Export of Prepared Rubber Accelerators in South Korea (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
China10.013.411.413.610.8%
Indonesia8.25.67.68.92.8%
Vietnam6.56.36.47.54.9%
Thailand1.11.10.51.0-3.1%
Saudi Arabia0.30.30.30.410.1%
Egypt0.10.10.20.226.0%
Others1.91.914.02.915.1%
Total28.128.740.334.57.1%

Top Export Markets for Prepared Rubber Accelerators from South Korea in 2022:

  1. Indonesia (2.5K tons)
  2. China (2.4K tons)
  3. Vietnam (2.1K tons)
  4. Egypt (0.2K tons)
  5. Thailand (0.2K tons)
  6. Saudi Arabia (0.1K tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the prepared rubber accelerators 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 20595630 - Prepared rubber accelerators

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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS
  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030
  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT
  5. 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
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES
  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS
  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023
  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023
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