Report Update: May 1, 2024

Republic of Korea - Glycosides And Vegetable Alkaloids - Market Analysis, Forecast, Size, Trends And Insights

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Price for Glycosides and Vegetable Alkaloids in South Korea - 2022

Price for Glycosides and Vegetable Alkaloids in South Korea (CIF) - 2022

The average glycosides and vegetable alkaloids import price stood at $58,768 per ton in 2022, approximately reflecting the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 an increase of 13% against the previous year. As a result, import price attained the peak level of $64,527 per ton. From 2015 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($137,252 per ton), while the price for Mexico ($21,715 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+20.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Glycosides and Vegetable Alkaloids in South Korea (FOB) - 2022

The average glycosides and vegetable alkaloids export price stood at $70,134 per ton in 2022, with an increase of 71% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.7%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($87,807 per ton), while the average price for exports to Singapore ($52,600 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 Argentina (+27.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Glycosides and Vegetable Alkaloids in South Korea

Glycosides and vegetable alkaloids imports into South Korea expanded to 1.4K tons in 2022, with an increase of 4.7% against the previous year's figure. In general, imports showed a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, glycosides and vegetable alkaloids imports rose rapidly to $81M in 2022. The total import value increased at an average annual rate of +5.4% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 8.9%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

Import of Glycosides and Vegetable Alkaloids in South Korea (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	34.2	32.7	38.2	37.7	3.3%
India	10.9	12.0	6.5	9.5	-4.5%
Italy	4.4	4.2	3.8	4.0	-3.1%
France	3.5	4.6	4.0	3.9	3.7%
Sweden	N/A	N/A	3.5	3.5	0.0%
Germany	2.8	2.9	3.2	3.2	4.6%
Spain	1.1	1.9	2.1	2.1	24.1%
Mexico	1.2	0.5	0.2	0.6	-20.6%
Others	11.2	11.8	15.3	16.6	14.0%
Total	69.3	70.6	76.9	81.0	5.3%

Top Suppliers of Glycosides and Vegetable Alkaloids to South Korea in 2022:

China (991.2 tons)
Germany (89.4 tons)
Sweden (71.9 tons)
India (69.2 tons)
Italy (36.8 tons)
Spain (31.1 tons)
Mexico (27.9 tons)
France (25.5 tons)

Exports of Glycosides and Vegetable Alkaloids in South Korea

In 2022, after three years of growth, there was significant decline in shipments abroad of glycosides and vegetable alkaloids, when their volume decreased by -46.5% to 288 tons. Overall, exports continue to indicate a noticeable reduction. The pace of growth was the most pronounced in 2020 with an increase of 43% against the previous year.

In value terms, glycosides and vegetable alkaloids exports reduced to $20M in 2022. The total export value increased at an average annual rate of +5.0% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when exports increased by 22% against the previous year.

Export of Glycosides and Vegetable Alkaloids in South Korea (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	3.2	5.5	6.0	5.1	16.8%
Mexico	2.0	2.5	4.2	3.5	20.5%
Japan	2.9	3.3	1.9	2.2	-8.8%
Italy	1.8	2.2	0.9	1.3	-10.3%
France	1.1	1.0	1.4	1.2	2.9%
Singapore	0.6	0.7	1.2	1.0	18.6%
Germany	N/A	0.1	1.1	0.9	200.0%
United Kingdom	0.7	1.4	0.7	0.8	4.6%
China	1.1	0.8	0.8	0.7	-14.0%
Brazil	0.6	0.3	0.6	0.5	-5.9%
Pakistan	0.3	0.2	0.5	0.4	10.1%
Argentina	0.1	0.5	0.4	0.3	44.2%
Others	3.1	2.8	2.4	2.2	-10.8%
Total	17.5	21.3	22.1	20.2	4.9%

Top Export Markets for Glycosides and Vegetable Alkaloids from South Korea in 2022:

United States (71.7 tons)
Mexico (51.4 tons)
Japan (32.8 tons)
Singapore (19.6 tons)
France (19.3 tons)
Italy (15.2 tons)
Germany (13.0 tons)
United Kingdom (12.0 tons)
China (9.1 tons)
Brazil (8.9 tons)
Pakistan (8.0 tons)
Argentina (5.4 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for glycosides and vegetable alkaloids 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 21105300 - Glycosides and vegetable alkaloids, natural or reproduced by synthesis, and their salts, ethers, esters and other derivatives

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:

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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
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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. 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. 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. 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. 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. 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. 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. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
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
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