Republic of Korea - Sulphonamides - Market Analysis, Forecast, Size, Trends And Insights
Report Update: May 1, 2024

Republic of Korea - Sulphonamides - Market Analysis, Forecast, Size, Trends And Insights

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Sulphonamides Price in South Korea - 2022

Contents:

  1. Sulphonamides Price in South Korea (CIF) - 2022
  2. Sulphonamides Price in South Korea (FOB) - 2022
  3. Sulphonamides Imports in South Korea
  4. Sulphonamides Exports in South Korea

Sulphonamides Price in South Korea (CIF) - 2022

In 2022, the average sulphonamides import price amounted to $35,262 per ton, with a decrease of -8.9% against the previous year. Over the period under review, the import price continues to indicate a slight shrinkage. The pace of growth appeared the most rapid in 2018 when the average import price increased by 24%. Over the period under review, average import prices attained the maximum at $43,429 per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($168,872 per ton), while the price for Indonesia ($8,305 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+10.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Sulphonamides Price in South Korea (FOB) - 2022

The average sulphonamides export price stood at $13,818 per ton in 2022, falling by -4.2% against the previous year. Over the period under review, the export price, however, posted buoyant growth. The most prominent rate of growth was recorded in 2016 an increase of 161%. The export price peaked at $14,889 per ton in 2018; however, from 2019 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 Japan ($49,077 per ton), while the average price for exports to Belgium ($3,571 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 Netherlands (+26.0%), while the prices for the other major destinations experienced more modest paces of growth.

Sulphonamides Imports in South Korea

In 2022, approx. 2.7K tons of sulphonamides were imported into South Korea; with an increase of 9.2% compared with the year before. The total import volume increased at an average annual rate of +5.4% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The growth pace was the most rapid in 2021 with an increase of 13% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.

In value terms, sulphonamides imports shrank to $97M in 2022. Overall, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 1%. As a result, imports attained the peak of $97M, leveling off in the following year.

Import of Sulphonamides in South Korea (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
China26.231.331.430.45.1%
Japan19.615.318.918.2-2.4%
India14.319.714.915.52.7%
United States13.27.910.810.5-7.3%
Indonesia0.60.51.61.535.7%
Others22.121.719.720.8-2.0%
Total96.096.497.496.90.3%

Top Suppliers of Sulphonamides to South Korea in 2022:

  1. China (2152.6 tons)
  2. Indonesia (186.3 tons)
  3. India (183.2 tons)
  4. Japan (107.9 tons)
  5. United States (77.1 tons)

Sulphonamides Exports in South Korea

In 2022, after three years of growth, there was significant decline in overseas shipments of sulphonamides, when their volume decreased by -8% to 3.5K tons. The total export volume increased at an average annual rate of +1.9% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2021 when exports increased by 14%. As a result, the exports attained the peak of 3.8K tons, and then shrank in the following year.

In value terms, sulphonamides exports contracted to $48M in 2022. The total export value increased at an average annual rate of +7.9% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 31%. As a result, the exports attained the peak of $55M, and then reduced in the following year.

Export of Sulphonamides in South Korea (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
China5.110.516.213.939.7%
United States6.67.09.68.27.5%
Italy4.83.69.48.119.1%
Netherlands1.13.56.45.571.0%
Japan3.79.35.35.212.0%
Belgium1.81.72.01.7-1.9%
India1.31.81.21.2-2.6%
Germany0.50.21.00.817.0%
Spain0.90.80.60.7-8.0%
Russia0.20.40.50.535.7%
United Kingdom0.50.60.50.4-7.2%
Canada0.30.10.30.30.0%
Czech Republic0.40.30.30.3-9.1%
Others11.31.71.51.5-49.0%
Total38.541.854.948.47.9%

Top Export Markets for Sulphonamides from South Korea in 2022:

  1. United States (732.3 tons)
  2. Italy (701.0 tons)
  3. China (499.9 tons)
  4. Belgium (488.0 tons)
  5. Netherlands (155.1 tons)
  6. Germany (145.8 tons)
  7. United Kingdom (113.0 tons)
  8. Japan (105.4 tons)
  9. Russia (100.5 tons)
  10. India (97.5 tons)
  11. Czech Republic (63.6 tons)
  12. Canada (61.1 tons)
  13. Spain (53.4 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the sulphonamides 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 21103200 - Sulphonamides

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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS
  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030
  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT
  5. 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
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES
  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS
  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023
  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023
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The World's Best Import Markets for Sulphonamides
Dec 11, 2023
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Explore the top import markets for sulphonamides globally, including the United States, Spain, Belgium, France, Italy, Slovenia, Germany, Japan, China, and Canada.

Which Country Imports the Most Sulphonamides in the World?
Jul 26, 2018
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In value terms, sulphonamides imports stood at $X in 2016. In general, sulphonamides imports continue to indicate a remarkable increase. Global sulphonamides import peaked in 2016, and are expected ...

Which Country Exports the Most Sulphonamides in the World?
Jul 26, 2018
Eye 886

In value terms, sulphonamides exports totaled $X in 2016. Overall, sulphonamides exports continue to indicate a strong growth. Global sulphonamides export peaked in 2016, and are likely to see stead...

The World's Best Import Markets for Sulphonamides
Dec 11, 2023
Eye 229

Explore the top import markets for sulphonamides globally, including the United States, Spain, Belgium, France, Italy, Slovenia, Germany, Japan, China, and Canada.

Which Country Imports the Most Sulphonamides in the World?
Jul 26, 2018
Eye 922

In value terms, sulphonamides imports stood at $X in 2016. In general, sulphonamides imports continue to indicate a remarkable increase. Global sulphonamides import peaked in 2016, and are expected ...

Which Country Exports the Most Sulphonamides in the World?
Jul 26, 2018
Eye 886

In value terms, sulphonamides exports totaled $X in 2016. Overall, sulphonamides exports continue to indicate a strong growth. Global sulphonamides export peaked in 2016, and are likely to see stead...

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