Republic of Korea - Sodium Carbonate - Market Analysis, Forecast, Size, Trends And Insights
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View PricingSodium Carbonate Price in South Korea - 2022
Contents:
- Sodium Carbonate Price in South Korea (CIF) - 2022
- Sodium Carbonate Price in South Korea (FOB) - 2022
- Sodium Carbonate Imports in South Korea
- Sodium Carbonate Exports in South Korea
Sodium Carbonate Price in South Korea (CIF) - 2022
In December 2022, the average sodium carbonate import price amounted to $404 per ton, rising by 16% against the previous month. Over the period from December 2021 to December 2022, it increased at an average monthly rate of +1.3%. The pace of growth was the most pronounced in April 2022 when the average import price increased by 23% m-o-m. The import price peaked at $424 per ton in October 2022; however, from November 2022 to December 2022, import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In December 2022, the country with the highest price was the United States ($405 per ton), while the price for China amounted to $393 per ton.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by Turkey (+9.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Sodium Carbonate Price in South Korea (FOB) - 2022
The average sodium carbonate export price stood at $854 per ton in 2022, with an increase of 12% against the previous year. Over the period under review, the export price showed mild growth. The most prominent rate of growth was recorded in 2016 an increase of 243%. The export price peaked at $3,534 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 export markets. In 2022, amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($3,568 per ton), while the average price for exports to Vietnam ($338 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 Indonesia (+8.4%), while the prices for the other major destinations experienced more modest paces of growth.
Sodium Carbonate Imports in South Korea
In 2022, the amount of sodium carbonate imported into South Korea skyrocketed to 665K tons, surging by 46% on the previous year. Over the period under review, total imports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +10.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +47.3% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, sodium carbonate imports soared to $162M in 2022. Overall, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +8.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +62.6% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Sodium Carbonate in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 71.0 | 53.5 | 59.5 | 111 | 16.1% |
| China | 51.6 | 43.2 | 41.4 | 41.3 | -7.2% |
| Turkey | 3.5 | 1.5 | 6.7 | 8.1 | 32.3% |
| Others | 0.7 | 1.5 | 1.3 | 1.9 | 39.5% |
| Total | 127 | 99.6 | 109 | 162 | 8.5% |
Top Suppliers of Sodium Carbonate to South Korea in 2022:
- United States (522.2K tons)
- China (92.8K tons)
- Turkey (47.3K tons)
Sodium Carbonate Exports in South Korea
In 2022, exports of sodium carbonate from South Korea soared to 430 tons, with an increase of 24% against 2021 figures. In general, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 231% against the previous year. The exports peaked in 2022 and are likely to continue growth in the near future.
In value terms, sodium carbonate exports soared to $367K in 2022. Over the period under review, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 66%. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in years to come.
| Export of Sodium Carbonate in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Philippines | 20.9 | 176 | 205 | 202 | 113.0% |
| Vietnam | 16.5 | 6.8 | 37.8 | 79.6 | 69.0% |
| Taiwan (Chinese) | 7.5 | 1.8 | 1.1 | 58.8 | 98.7% |
| Bangladesh | 36.2 | 54.0 | 7.5 | 14.2 | -26.8% |
| Indonesia | 3.3 | 2.6 | 2.4 | 8.3 | 36.0% |
| Japan | 14.2 | N/A | 0.2 | N/A | -88.1% |
| Others | 52.3 | 9.7 | 9.7 | 5.0 | -54.3% |
| Total | 151 | 251 | 263 | 367 | 34.5% |
Top Export Markets for Sodium Carbonate from South Korea in 2022:
- Japan (undefined tons)
- Vietnam (235.6 tons)
- Philippines (160.0 tons)
- Taiwan (Chinese) (16.5 tons)
- Indonesia (8.5 tons)
- Bangladesh (8.3 tons)
This report provides an in-depth analysis of the sodium carbonate 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 20134310 - Disodium carbonate
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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