Republic of Korea - Polypropylene In Primary Forms - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Polypropylene in Primary Forms in South Korea - 2022
Contents:
- Price for Polypropylene in Primary Forms in South Korea (FOB) - 2022
- Price for Polypropylene in Primary Forms in South Korea (CIF) - 2022
- Exports of Polypropylene in Primary Forms in South Korea
- Imports of Polypropylene in Primary Forms in South Korea
Price for Polypropylene in Primary Forms in South Korea (FOB) - 2022
The average polypropylene in primary forms export price stood at $1,074 per ton in December 2022, which is down by -1.5% against the previous month. Over the period under review, the export price recorded a mild shrinkage. The pace of growth appeared the most rapid in March 2022 an increase of 7.2% month-to-month. Over the period under review, the average export prices attained the peak figure at $1,473 per ton in April 2022; however, from May 2022 to December 2022, the export prices failed to regain momentum.
Average prices varied somewhat for the major foreign markets. In December 2022, the countries with the highest prices were the United States ($1,385 per ton) and Uzbekistan ($1,223 per ton), while the average price for exports to Bangladesh ($942 per ton) and Vietnam ($944 per ton) were amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to Uzbekistan (-1.0%), while the prices for the other major destinations experienced a decline.
Price for Polypropylene in Primary Forms in South Korea (CIF) - 2022
The average polypropylene in primary forms import price stood at $1,845 per ton in 2022, surging by 3.9% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average import price increased by 18%. Over the period under review, average import prices reached the maximum at $2,018 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($3,434 per ton), while the price for Canada ($611 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+10.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Polypropylene in Primary Forms in South Korea
In 2022, after three years of growth, there was decline in overseas shipments of polypropylene in primary forms, when their volume decreased by -3.4% to 2M tons. The total export volume increased at an average annual rate of +3.9% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 15%. As a result, the exports reached the peak of 2M tons, and then fell in the following year.
In value terms, polypropylene in primary forms exports dropped to $2.5B in 2022. The total export value increased at an average annual rate of +5.1% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when exports increased by 46% against the previous year. As a result, the exports attained the peak of $2.8B, and then reduced in the following year.
| Export of Polypropylene in Primary Forms in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 794 | 820 | 935 | 789 | -0.2% |
| Vietnam | 252 | 223 | 388 | 452 | 21.5% |
| Turkey | 220 | 169 | 279 | 165 | -9.1% |
| Indonesia | 26.7 | 20.5 | 43.5 | 81.2 | 44.9% |
| United States | 64.8 | 51.8 | 115 | 77.4 | 6.1% |
| Japan | 34.3 | 24.1 | 48.5 | 68.7 | 26.1% |
| Nigeria | 36.8 | 24.7 | 72.7 | 60.3 | 17.9% |
| Mexico | 22.3 | 24.6 | 65.4 | 57.9 | 37.4% |
| India | 62.2 | 49.4 | 78.5 | 50.8 | -6.5% |
| Egypt | 30.5 | 35.5 | 52.4 | 46.7 | 15.3% |
| Italy | 43.2 | 26.5 | 41.7 | 36.9 | -5.1% |
| Hong Kong SAR | 77.1 | 56.1 | 61.5 | 16.0 | -40.8% |
| Others | 485 | 408 | 643 | 591 | 6.8% |
| Total | 2,148 | 1,934 | 2,824 | 2,493 | 5.1% |
Top Export Markets for Polypropylene in Primary Forms from South Korea in 2022:
- China (622.7K tons)
- Vietnam (395.0K tons)
- Turkey (129.1K tons)
- Indonesia (70.0K tons)
- United States (52.3K tons)
- Japan (49.8K tons)
- Nigeria (47.5K tons)
- Mexico (41.7K tons)
- India (38.5K tons)
- Egypt (33.6K tons)
- Italy (27.7K tons)
- Hong Kong SAR (11.6K tons)
Imports of Polypropylene in Primary Forms in South Korea
Polypropylene in primary forms imports into South Korea contracted slightly to 15K tons in 2022, declining by -2.4% on the year before. In general, imports continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2021 with an increase of 29% against the previous year.
In value terms, polypropylene in primary forms imports amounted to $28M in 2022. Over the period under review, imports showed a slight descent. The pace of growth was the most pronounced in 2021 when imports increased by 30% against the previous year.
| Import of Polypropylene in Primary Forms in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 4.5 | 4.8 | 6.9 | 7.2 | 17.0% |
| Vietnam | 0.4 | 0.3 | 1.3 | 3.9 | 113.6% |
| United States | 4.2 | 3.1 | 4.3 | 3.5 | -5.9% |
| Italy | 0.8 | 2.0 | 2.8 | 2.9 | 53.6% |
| Japan | 5.5 | 3.4 | 3.0 | 2.7 | -21.1% |
| Germany | 2.5 | 1.9 | 2.3 | 2.7 | 2.6% |
| Thailand | 0.6 | 0.9 | 1.9 | 0.9 | 14.5% |
| India | 2.8 | 0.4 | 1.1 | 0.7 | -37.0% |
| Canada | 0.1 | 0.3 | 0.2 | 0.3 | 44.2% |
| Netherlands | 1.0 | 0.5 | 0.6 | 0.3 | -33.1% |
| Saudi Arabia | 2.7 | 0.7 | N/A | N/A | -74.1% |
| Others | 3.6 | 2.6 | 2.9 | 2.4 | -12.6% |
| Total | 28.7 | 21.0 | 27.3 | 27.7 | -1.2% |
Top Suppliers of Polypropylene in Primary Forms to South Korea in 2022:
- Saudi Arabia (undefinedK tons)
- China (3.1K tons)
- United States (2.9K tons)
- Japan (2.2K tons)
- Vietnam (1.9K tons)
- Italy (1.2K tons)
- Germany (0.8K tons)
- Canada (0.6K tons)
- India (0.5K tons)
- Thailand (0.5K tons)
- Netherlands (0.1K tons)
This report provides an in-depth analysis of the market for polypropylene in primary forms 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 20165130 - Polypropylene, 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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This report provides an in-depth analysis of the market for polypropylene in primary forms in Republic of Korea.
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This report provides an in-depth analysis of the market for polyolefins other than polypropylene in Republic of Korea.
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This report provides an in-depth analysis of the global market for polypropylene in primary forms.
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This report provides an in-depth analysis of the global market for polyolefins other than polypropylene.
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This report provides an in-depth analysis of the market for polypropylene in primary forms in Republic of Korea.
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This report provides an in-depth analysis of the market for polyolefins other than polypropylene in Republic of Korea.
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This report provides an in-depth analysis of the global market for polypropylene in primary forms.
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This report provides an in-depth analysis of the global market for polyolefins other than polypropylene.
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Polypropylene is a versatile thermoplastic polymer with excellent chemical resistance, low density, and high tensile strength. The global demand for polypropylene in primary forms has been steadily growing. China is the leading importer with an import value of $3.6 billion in 2022, driven by rapid industrialization and economic growth. Turkey follows closely as the second-largest import market with an import value of $2.9 billion, supported by a thriving plastics industry. Germany and Italy are prominent import giants in Europe, with import values of $1.7 billion each, driven by advanced manufacturing capabilities. Mexico is a significant importer with an import value of $1.3 billion, fueled by the expanding automotive sector. India showcases strong demand with an import value of $1.3 billion, driven by population growth and urbanization. Vietnam, Indonesia, Belgium, and Poland are emerging players in the import market. Market intelligence platforms like IndexBox provide comprehensive data and insights for informed decision-making.
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The global polypropylene market revenue amounted to $76.8B in 2017, jumping by 16% against the previous year. This figure ...
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