Republic of Korea - Saccharin And Its Salts - Market Analysis, Forecast, Size, Trends And Insights
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View PricingSaccharin Price in South Korea - 2022
Contents:
- Saccharin Price in South Korea (FOB) - 2022
- Saccharin Price in South Korea (CIF) - 2022
- Saccharin Exports in South Korea
- Saccharin Imports in South Korea
Saccharin Price in South Korea (FOB) - 2022
The average saccharin export price stood at $14,732 per ton in December 2022, with an increase of 10% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.0%. The pace of growth appeared the most rapid in June 2022 an increase of 11% month-to-month. The export price peaked in December 2022.
Prices varied noticeably by the country of destination: the country with the highest price was China ($20,436 per ton), while the average price for exports to France ($10,900 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 China (+6.0%), while the prices for the other major destinations experienced more modest paces of growth.
Saccharin Price in South Korea (CIF) - 2022
The average saccharin import price stood at $6,347 per ton in December 2022, remaining stable against the previous month. Over the period under review, the import price, however, recorded a noticeable curtailment. The pace of growth appeared the most rapid in September 2022 an increase of 4.9% month-to-month. The import price peaked at $8,730 per ton in December 2021; however, from January 2022 to December 2022, import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for China.
From December 2021 to December 2022, the rate of growth in terms of prices for China amounted to -2.7% per month.
Saccharin Exports in South Korea
In 2022, the amount of saccharin and its salts exported from South Korea rose significantly to 2.5K tons, surging by 6.1% compared with 2021. The total export volume increased at an average annual rate of +5.8% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2020 when exports increased by 25%. As a result, the exports reached the peak of 2.7K tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, saccharin exports expanded rapidly to $28M in 2022. The total export value increased at an average annual rate of +5.5% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The growth pace was the most rapid in 2020 with an increase of 25%. As a result, the exports attained the peak of $30M. From 2021 to 2022, the growth of the exports remained at a lower figure.
Export of Saccharin in South Korea (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 12.4 | 16.6 | 13.1 | 14.0 | 4.1% |
Mexico | 2.5 | 2.9 | 2.8 | 2.9 | 5.1% |
Netherlands | 2.8 | 2.1 | 2.1 | 2.3 | -6.3% |
Germany | 1.1 | 1.4 | 2.0 | 2.0 | 22.1% |
China | 0.8 | 1.1 | 1.1 | 1.2 | 14.5% |
Pakistan | 0.5 | 0.6 | 0.9 | 0.9 | 21.6% |
India | 0.5 | 0.9 | 0.7 | 0.7 | 11.9% |
Belgium | 0.7 | 0.7 | 0.4 | 0.6 | -5.0% |
United Kingdom | 0.3 | 0.4 | 0.4 | 0.4 | 10.1% |
Others | 2.3 | 3.3 | 2.7 | 3.1 | 10.5% |
Total | 24.0 | 30.0 | 26.3 | 28.1 | 5.4% |
Top Export Markets for Saccharin from South Korea in 2022:
- United States (1256.4 tons)
- Mexico (289.1 tons)
- Netherlands (217.2 tons)
- Germany (163.3 tons)
- China (91.0 tons)
- India (75.2 tons)
- Pakistan (67.6 tons)
- Belgium (51.2 tons)
- United Kingdom (40.8 tons)
Saccharin Imports in South Korea
Saccharin imports into South Korea dropped to 776 tons in 2022, with a decrease of -8.1% compared with the previous year. In general, imports showed a pronounced downturn. The most prominent rate of growth was recorded in 2021 with an increase of 19%.
In value terms, saccharin imports dropped to $5.2M in 2022. Overall, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by 28% against the previous year. As a result, imports attained the peak of $5.9M, and then contracted in the following year.
Import of Saccharin in South Korea (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 5.3 | 4.5 | 5.8 | 5.2 | -0.6% |
Others | N/A | 0.1 | N/A | N/A | 0% |
Total | 5.4 | 4.6 | 5.9 | 5.2 | -1.3% |
Top Suppliers of Saccharin to South Korea in 2022:
- China (773.0 tons)
This report provides an in-depth analysis of the saccharin market 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 20144320 - Saccharin and its salts
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
This report provides an in-depth analysis of the saccharin market in Republic of Korea.
This report provides an in-depth analysis of the imines market in Republic of Korea.
This report provides an in-depth analysis of the global saccharin market.
This report provides an in-depth analysis of the global imines market.
This report provides an in-depth analysis of the saccharin market in Republic of Korea.
This report provides an in-depth analysis of the imines market in Republic of Korea.
This report provides an in-depth analysis of the global saccharin market.
This report provides an in-depth analysis of the global imines market.
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