Republic of Korea - Scouring Pastes And Powders - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Scouring Pastes and Powders in South Korea - 2022
Contents:
- Price for Scouring Pastes and Powders in South Korea (CIF) - 2022
- Price for Scouring Pastes and Powders in South Korea (FOB) - 2022
- Imports of Scouring Pastes and Powders in South Korea
- Exports of Scouring Pastes and Powders in South Korea
Price for Scouring Pastes and Powders in South Korea (CIF) - 2022
In December 2022, the average scouring pastes and powders import price amounted to $6,880 per ton, picking up by 8.2% against the previous month. In general, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in July 2022 when the average import price increased by 15% against the previous month. The import price peaked at $7,631 per ton in February 2022; however, from March 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 Japan ($7,175 per ton), while the price for China ($4,077 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 the United States (+1.0%), while the prices for the other major suppliers experienced a decline.
Price for Scouring Pastes and Powders in South Korea (FOB) - 2022
In 2022, the average scouring pastes and powders export price amounted to $4,384 per ton, which is down by -14.4% against the previous year. In general, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the average export price increased by 42%. Over the period under review, the average export prices reached the maximum at $6,640 per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($15,631 per ton), while the average price for exports to Taiwan (Chinese) ($3,340 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 the United States (+10.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Scouring Pastes and Powders in South Korea
In 2022, supplies from abroad of scouring pastes and powders decreased by -1.1% to 59K tons, falling for the second consecutive year after two years of growth. The total import volume increased at an average annual rate of +1.7% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2020 when imports increased by 14%. As a result, imports reached the peak of 65K tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, scouring pastes and powders imports shrank to $155M in 2022. The total import value increased at an average annual rate of +6.2% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 15%. As a result, imports attained the peak of $166M, and then dropped in the following year.
Import of Scouring Pastes and Powders in South Korea (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Japan | 109 | 124 | 147 | 136 | 7.7% |
United States | 13.1 | 12.9 | 10.3 | 11.0 | -5.7% |
China | 4.7 | 4.5 | 5.0 | 4.6 | -0.7% |
France | 0.9 | 1.2 | 1.3 | 1.2 | 10.1% |
Others | 2.3 | 1.8 | 1.7 | 1.7 | -9.6% |
Total | 129 | 144 | 166 | 155 | 6.3% |
Top Suppliers of Scouring Pastes and Powders to South Korea in 2022:
- Japan (46.9K tons)
- United States (6.5K tons)
- China (3.3K tons)
- France (1.6K tons)
Exports of Scouring Pastes and Powders in South Korea
In 2022, approx. 15K tons of scouring pastes and powders were exported from South Korea; with an increase of 3.9% on 2021 figures. Overall, total exports indicated significant growth from 2019 to 2022: its volume increased at an average annual rate of +20.8% 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 +76.3% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 32% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in years to come.
In value terms, scouring pastes and powders exports dropped to $66M in 2022. Over the period under review, total exports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +14.5% 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 +50.1% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of 31%.
Export of Scouring Pastes and Powders in South Korea (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 26.5 | 35.8 | 49.5 | 43.5 | 18.0% |
United States | 9.8 | 9.2 | 10.1 | 8.9 | -3.2% |
Singapore | 2.8 | 8.0 | 9.7 | 8.5 | 44.8% |
Taiwan (Chinese) | 1.8 | 2.1 | 1.9 | 1.7 | -1.9% |
Malaysia | 0.2 | 1.0 | 1.5 | 1.3 | 86.6% |
Vietnam | 2.3 | 0.9 | 0.6 | 1.1 | -21.8% |
Others | 0.7 | 0.9 | 1.3 | 1.2 | 19.7% |
Total | 44.1 | 58.0 | 74.5 | 66.2 | 14.5% |
Top Export Markets for Scouring Pastes and Powders from South Korea in 2022:
- China (10.9K tons)
- Singapore (2.2K tons)
- United States (0.6K tons)
- Taiwan (Chinese) (0.5K tons)
- Malaysia (0.4K tons)
- Vietnam (0.2K tons)
This report provides an in-depth analysis of the market for scouring pastes and powders 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 20414400 - Scouring pastes and powders and other scouring preparations
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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In value terms, polishes, creams, scouring pastes and powders imports stood at $X in 2016. The total import value increased at an average annual rate of +X% from 2007 to 2016; the trend pattern ind...
In value terms, polishes, creams, scouring pastes and powders exports stood at $X in 2016. The total export value increased at an average annual rate of +X% over the period from 2007 to 2016; the t...
In value terms, polishes, creams, scouring pastes and powders imports stood at $X in 2016. The total import value increased at an average annual rate of +X% from 2007 to 2016; the trend pattern ind...
In value terms, polishes, creams, scouring pastes and powders exports stood at $X in 2016. The total export value increased at an average annual rate of +X% over the period from 2007 to 2016; the t...