Republic of Korea - Polyethylene with a Specific Gravity of Less than 0.94, in Primary Forms - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Polyethylene with A Specific Gravity of Less than 0.94 in South Korea - 2022
Contents:
- Price for Polyethylene with A Specific Gravity of Less than 0.94 in South Korea (FOB) - 2022
- Price for Polyethylene with A Specific Gravity of Less than 0.94 in South Korea (CIF) - 2022
- Exports of Polyethylene with A Specific Gravity of Less than 0.94 in South Korea
- Imports of Polyethylene with A Specific Gravity of Less than 0.94 in South Korea
Price for Polyethylene with A Specific Gravity of Less than 0.94 in South Korea (FOB) - 2022
In December 2022, the average export price for polyethylene with a specific gravity of less than 0.94, in primary forms amounted to $1,440 per ton, rising by 5.3% against the previous month. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2022 when the average export price increased by 7.5% m-o-m. Over the period under review, the average export prices reached the peak figure at $1,781 per ton in May 2022; however, from June 2022 to December 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was the Netherlands ($2,046 per ton), while the average price for exports to Bangladesh ($1,098 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 the Netherlands (+2.1%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Polyethylene with A Specific Gravity of Less than 0.94 in South Korea (CIF) - 2022
The average import price for polyethylene with a specific gravity of less than 0.94, in primary forms stood at $1,684 per ton in December 2022, which is down by -6.8% against the previous month. Overall, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in November 2022 when the average import price increased by 9.9% against the previous month. Over the period under review, average import prices attained the peak figure at $2,002 per ton in July 2022; however, from August 2022 to December 2022, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In December 2022, the country with the highest price was Sweden ($4,744 per ton), while the price for Oman ($957 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 (+2.8%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Polyethylene with A Specific Gravity of Less than 0.94 in South Korea
In 2022, exports of polyethylene with a specific gravity of less than 0.94, in primary forms from South Korea reduced to 704K tons, which is down by -10.2% against 2021. Over the period under review, exports recorded a noticeable descent. The most prominent rate of growth was recorded in 2021 when exports increased by 21%.
In value terms, exports of polyethylene with a specific gravity of less than 0.94, in primary forms dropped to $1.1B in 2022. Overall, total exports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +6.5% 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 +58.6% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 60% against the previous year. As a result, the exports attained the peak of $1.1B, and then shrank slightly in the following year.
| Export of Polyethylene with A Specific Gravity of Less than 0.94 in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 466 | 380 | 529 | 450 | -1.2% |
| Russia | 43.1 | 30.6 | 65.7 | 88.7 | 27.2% |
| Vietnam | 51.4 | 41.2 | 82.3 | 79.9 | 15.8% |
| Belgium | 13.7 | 10.9 | 49.1 | 48.5 | 52.4% |
| India | 44.4 | 33.7 | 36.1 | 46.5 | 1.6% |
| Saudi Arabia | 2.9 | 5.4 | 12.5 | 29.8 | 117.4% |
| Indonesia | 26.6 | 16.8 | 32.3 | 29.2 | 3.2% |
| Italy | 10.7 | 3.1 | 34.8 | 26.0 | 34.4% |
| Netherlands | 20.7 | 13.0 | 13.9 | 24.7 | 6.1% |
| Taiwan (Chinese) | 16.0 | 16.1 | 20.0 | 19.3 | 6.5% |
| Turkey | 15.5 | 11.6 | 17.8 | 13.4 | -4.7% |
| Others | 216 | 143 | 237 | 263 | 6.8% |
| Total | 927 | 706 | 1,131 | 1,119 | 6.5% |
Top Export Markets for Polyethylene with A Specific Gravity of Less than 0.94 from South Korea in 2022:
- China (282.8K tons)
- Vietnam (61.2K tons)
- Russia (56.4K tons)
- Belgium (29.4K tons)
- India (26.2K tons)
- Italy (17.8K tons)
- Indonesia (17.6K tons)
- Netherlands (14.1K tons)
- Saudi Arabia (13.4K tons)
- Taiwan (Chinese) (10.3K tons)
- Turkey (8.1K tons)
Imports of Polyethylene with A Specific Gravity of Less than 0.94 in South Korea
For the third consecutive year, South Korea recorded decline in overseas purchases of polyethylene with a specific gravity of less than 0.94, in primary forms, which decreased by -29.8% to 127K tons in 2022. Over the period under review, imports showed a abrupt slump. The smallest decline of -6.1% was in 2020.
In value terms, imports of polyethylene with a specific gravity of less than 0.94, in primary forms contracted remarkably to $237M in 2022. In general, imports continue to indicate a noticeable descent. The pace of growth was the most pronounced in 2021 when imports increased by 29%. As a result, imports attained the peak of $291M, and then declined sharply in the following year.
| Import of Polyethylene with A Specific Gravity of Less than 0.94 in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Saudi Arabia | 89.4 | 53.2 | 93.3 | 52.0 | -16.5% |
| United States | 36.9 | 53.8 | 49.0 | 50.9 | 11.3% |
| Sweden | 22.9 | 23.8 | 21.6 | 39.1 | 19.5% |
| Japan | 24.2 | 26.1 | 31.7 | 30.3 | 7.8% |
| Qatar | 17.2 | 13.9 | 18.1 | 18.9 | 3.2% |
| China | 3.7 | 8.6 | 18.1 | 17.7 | 68.5% |
| Thailand | 5.7 | 6.6 | 12.6 | 7.7 | 10.5% |
| Malaysia | 20.9 | 12.8 | 21.7 | 4.1 | -41.9% |
| Singapore | 16.4 | 2.5 | 0.5 | 0.5 | -68.8% |
| Others | 19.7 | 24.1 | 24.2 | 15.3 | -8.1% |
| Total | 257 | 225 | 291 | 237 | -2.7% |
Top Suppliers of Polyethylene with A Specific Gravity of Less than 0.94 to South Korea in 2022:
- United States (34.5K tons)
- Saudi Arabia (33.8K tons)
- Qatar (13.1K tons)
- Japan (11.5K tons)
- Sweden (9.3K tons)
- China (8.7K tons)
- Thailand (4.8K tons)
- Malaysia (2.5K tons)
- Singapore (0.3K tons)
This report provides an in-depth analysis of the market for polyethylene with a specific gravity of less than 0.94 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 20161035 - Linear polyethylene having a specific gravity < 0,94, in primary forms
- Prodcom 20161039 - Polyethylene having a specific gravity < 0,94, in primary forms (excluding linear)
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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