Republic of Korea - Synthetic Organic Tanning Substances - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Synthetic Organic Tanning Substances in South Korea - 2022
Contents:
- Price for Synthetic Organic Tanning Substances in South Korea (CIF) - 2022
- Price for Synthetic Organic Tanning Substances in South Korea (FOB) - 2022
- Imports of Synthetic Organic Tanning Substances in South Korea
- Exports of Synthetic Organic Tanning Substances in South Korea
Price for Synthetic Organic Tanning Substances in South Korea (CIF) - 2022
The average synthetic organic tanning substances import price stood at $1,721 per ton in December 2022, waning by -2.2% against the previous month. Overall, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in April 2022 when the average import price increased by 19% m-o-m. The import price peaked at $1,761 per ton in November 2022, and then reduced slightly in the following month.
There were significant differences in the average prices amongst the major supplying countries. In December 2022, the country with the highest price was Germany ($3,132 per ton), while the price for the United States ($1,250 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 Germany (+6.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Synthetic Organic Tanning Substances in South Korea (FOB) - 2022
In 2022, the average synthetic organic tanning substances export price amounted to $2,574 per ton, surging by 6.2% against the previous year. Over the period under review, export price indicated a pronounced expansion from 2012 to 2022: its price increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, synthetic organic tanning substances export price increased by +54.0% against 2019 indices. The most prominent rate of growth was recorded in 2021 an increase of 43%. The export price peaked in 2022 and is likely to continue growth in years to come.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($3,012 per ton), while the average price for exports to Guatemala ($1,431 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 Turkey (+11.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Synthetic Organic Tanning Substances in South Korea
In 2022, synthetic organic tanning substances imports into South Korea expanded significantly to 9.3K tons, with an increase of 5.5% against the previous year's figure. In general, imports, however, saw a pronounced slump. The growth pace was the most rapid in 2021 with an increase of 24%.
In value terms, synthetic organic tanning substances imports rose notably to $15M in 2022. Overall, imports, however, showed a mild shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 27% against the previous year.
Import of Synthetic Organic Tanning Substances in South Korea (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Italy | 2.5 | 1.8 | 2.9 | 3.6 | 12.9% |
India | 3.1 | 2.3 | 1.8 | 2.1 | -12.2% |
Indonesia | 1.8 | 1.2 | 1.5 | 1.5 | -5.9% |
France | 1.4 | 0.8 | 1.1 | 1.5 | 2.3% |
Spain | 1.7 | 1.1 | 1.5 | 1.5 | -4.1% |
China | 1.2 | 1.0 | 1.4 | 1.4 | 5.3% |
Germany | 0.7 | 0.4 | 0.7 | 0.8 | 4.6% |
Singapore | 0.6 | 0.6 | 0.7 | 0.7 | 5.3% |
Netherlands | 1.4 | 0.7 | 1.0 | 0.6 | -24.6% |
United States | 0.5 | 0.5 | 0.5 | 0.5 | 0.0% |
Others | 0.8 | 0.2 | 0.3 | 0.6 | -9.1% |
Total | 15.6 | 10.5 | 13.4 | 14.8 | -1.7% |
Top Suppliers of Synthetic Organic Tanning Substances to South Korea in 2022:
- Italy (2222.5 tons)
- India (1261.7 tons)
- China (1051.7 tons)
- France (1007.4 tons)
- Spain (985.7 tons)
- Indonesia (779.7 tons)
- United States (452.0 tons)
- Singapore (436.1 tons)
- Germany (425.4 tons)
- Netherlands (253.0 tons)
Exports of Synthetic Organic Tanning Substances in South Korea
In 2022, exports of synthetic organic tanning substances from South Korea contracted markedly to 1.3K tons, which is down by -32.3% compared with the previous year. In general, exports saw a deep reduction. The pace of growth appeared the most rapid in 2021 with an increase of 30%. As a result, the exports reached the peak of 1.9K tons, and then declined remarkably in the following year.
In value terms, synthetic organic tanning substances exports contracted rapidly to $3.3M in 2022. Overall, total exports indicated measured growth from 2019 to 2022: its value increased at an average annual rate of +2.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +33.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 85% against the previous year. As a result, the exports attained the peak of $4.7M, and then reduced remarkably in the following year.
Export of Synthetic Organic Tanning Substances in South Korea (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 2,037 | 1,444 | 3,552 | 2,676 | 9.5% |
Turkey | 382 | 507 | 405 | 378 | -0.4% |
Thailand | 268 | 269 | 279 | 103 | -27.3% |
Guatemala | 15.5 | 30.5 | 164 | 81.9 | 74.2% |
Bangladesh | 128 | 58.6 | 89.1 | 65.2 | -20.1% |
Vietnam | 199 | 52.3 | 35.6 | 8.6 | -64.9% |
Others | 48.9 | 154 | 126 | 31.9 | -13.3% |
Total | 3,079 | 2,516 | 4,651 | 3,344 | 2.8% |
Top Export Markets for Synthetic Organic Tanning Substances from South Korea in 2022:
- China (888.4 tons)
- Turkey (252.0 tons)
- Guatemala (57.2 tons)
- Thailand (53.0 tons)
- Bangladesh (32.0 tons)
- Vietnam (5.0 tons)
This report provides an in-depth analysis of the market for synthetic organic tanning substances 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 20122330 - Synthetic organic tanning substances
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 synthetic organic tanning substances in Republic of Korea.
This report provides an in-depth analysis of the global market for synthetic organic tanning substances.
In value terms, tanning substances imports amounted to $X in 2016. Overall, tanning substances imports continue to indicate a relatively flat trend pattern. Global tanning substances import peaked ...
In value terms, tanning substances exports totaled $X in 2016. Overall, tanning substances exports continue to indicate a relatively flat trend pattern. Global tanning substances export peaked of $...
In value terms, tanning substances imports amounted to $X in 2016. Overall, tanning substances imports continue to indicate a relatively flat trend pattern. Global tanning substances import peaked ...
In value terms, tanning substances exports totaled $X in 2016. Overall, tanning substances exports continue to indicate a relatively flat trend pattern. Global tanning substances export peaked of $...