Republic of Korea - Activated Natural Mineral Products - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Activated Natural Mineral Products in South Korea - 2022
Contents:
- Price for Activated Natural Mineral Products in South Korea (CIF) - 2022
- Price for Activated Natural Mineral Products in South Korea (FOB) - 2022
- Imports of Activated Natural Mineral Products in South Korea
- Exports of Activated Natural Mineral Products in South Korea
Price for Activated Natural Mineral Products in South Korea (CIF) - 2022
In December 2022, the average activated natural mineral products import price amounted to $303 per ton, increasing by 17% against the previous month. In general, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in March 2022 an increase of 40% against the previous month. The import price peaked at $351 per ton in October 2022; however, from November 2022 to December 2022, import prices failed to regain momentum.
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 ($925 per ton), while the price for India ($96.0 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 India (+1.6%), while the prices for the other major suppliers experienced a decline.
Price for Activated Natural Mineral Products in South Korea (FOB) - 2022
In 2022, the average activated natural mineral products export price amounted to $1,119 per ton, dropping by -3.5% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.4%. The growth pace was the most rapid in 2019 an increase of 27%. The export price peaked at $1,249 per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($5,030 per ton), while the average price for exports to the Philippines ($506 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 Iran (+22.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Activated Natural Mineral Products in South Korea
In 2022, activated natural mineral products imports into South Korea contracted to 140K tons, shrinking by -8.8% against 2021 figures. The total import volume increased at an average annual rate of +1.8% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 27%. As a result, imports attained the peak of 154K tons, and then shrank in the following year.
In value terms, activated natural mineral products imports fell to $42M in 2022. Overall, imports showed a noticeable decrease. The growth pace was the most rapid in 2021 with an increase of 31% against the previous year.
| Import of Activated Natural Mineral Products in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 29.8 | 18.7 | 21.1 | 19.7 | -12.9% |
| India | 1.8 | 2.5 | 6.2 | 5.0 | 40.6% |
| Indonesia | 3.3 | 3.8 | 5.5 | 4.5 | 10.9% |
| United States | 3.8 | 3.4 | 4.1 | 3.3 | -4.6% |
| Others | 9.8 | 7.8 | 10.4 | 9.2 | -2.1% |
| Total | 48.5 | 36.1 | 47.4 | 41.8 | -4.8% |
Top Suppliers of Activated Natural Mineral Products to South Korea in 2022:
- China (71.0K tons)
- India (54.4K tons)
- Indonesia (9.1K tons)
- United States (3.6K tons)
Exports of Activated Natural Mineral Products in South Korea
In 2022, shipments abroad of activated natural mineral products decreased by -15.4% to 1.6K tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, showed a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 99.9%.
In value terms, activated natural mineral products exports fell markedly to $1.8M in 2022. Over the period under review, exports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 86% against the previous year.
| Export of Activated Natural Mineral Products in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 409 | 947 | 799 | 695 | 19.3% |
| China | 84.5 | 16.0 | 699 | 584 | 90.5% |
| Philippines | 198 | 160 | 288 | 241 | 6.8% |
| United States | 1.0 | 21.0 | 151 | 126 | 401.3% |
| Vietnam | 39.1 | 92.8 | 89.3 | 74.7 | 24.1% |
| Thailand | 12.1 | 37.6 | 74.3 | 62.2 | 72.6% |
| Indonesia | 5.2 | 58.7 | 33.5 | 31.8 | 82.9% |
| Others | 10.4 | 76.7 | 97.7 | 5.3 | -20.1% |
| Total | 759 | 1,410 | 2,231 | 1,820 | 33.8% |
Top Export Markets for Activated Natural Mineral Products from South Korea in 2022:
- United Arab Emirates (783.6 tons)
- Philippines (476.3 tons)
- China (138.4 tons)
- Thailand (111.4 tons)
- United States (60.8 tons)
- Indonesia (30.5 tons)
- Vietnam (22.4 tons)
This report provides an in-depth analysis of the market for activated natural mineral products 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 20147120 - Activated natural mineral products, animal black
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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