Republic of Korea - Triethanolamine And Its Salts - Market Analysis, Forecast, Size, Trends And Insights
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View PricingTriethanolamine Price in South Korea - 2022
Contents:
- Triethanolamine Price in South Korea (CIF) - 2022
- Triethanolamine Price in South Korea (FOB) - 2022
- Triethanolamine Imports in South Korea
- Triethanolamine Exports in South Korea
Triethanolamine Price in South Korea (CIF) - 2022
The average triethanolamine import price stood at $861 per ton in 2022, with a decrease of -2.7% against the previous year. Over the period under review, the import price showed a abrupt downturn. The growth pace was the most rapid in 2017 when the average import price increased by 8.3% against the previous year. The import price peaked at $1,507 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
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 ($1,836 per ton), while the price for Malaysia ($611 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+1.7%), while the prices for the other major suppliers experienced a decline.
Triethanolamine Price in South Korea (FOB) - 2022
The average triethanolamine export price stood at $2,785 per ton in 2022, with an increase of 5.4% against the previous year. In general, the export price continues to indicate buoyant growth. The growth pace was the most rapid in 2019 when the average export price increased by 69% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in the immediate term.
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 Malaysia ($3,601 per ton), while the average price for exports to China ($180 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 Malaysia (+4.9%), while the prices for the other major destinations experienced a decline.
Triethanolamine Imports in South Korea
For the fourth consecutive year, South Korea recorded growth in purchases abroad of triethanolamine and its salts, which increased by 7.1% to 19K tons in 2022. In general, imports saw a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 161% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.
In value terms, triethanolamine imports expanded slightly to $17M in 2022. Overall, imports enjoyed significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 136% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in years to come.
| Import of Triethanolamine in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 1.1 | 3.0 | 3.5 | 4.0 | 53.8% |
| Malaysia | 1.6 | 3.7 | 3.6 | 3.5 | 29.8% |
| United States | 1.9 | 4.1 | 3.7 | 3.3 | 20.2% |
| Japan | 1.0 | 2.2 | 2.0 | 1.8 | 21.6% |
| Mexico | 0.6 | 1.5 | 1.6 | 1.7 | 41.5% |
| Germany | 0.1 | 0.3 | 0.4 | 0.4 | 58.7% |
| Others | 0.2 | 0.5 | 1.2 | 1.8 | 108.0% |
| Total | 6.4 | 15.2 | 15.9 | 16.5 | 37.1% |
Top Suppliers of Triethanolamine to South Korea in 2022:
- Malaysia (5.8K tons)
- United States (3.7K tons)
- Thailand (3.6K tons)
- Mexico (2.3K tons)
- Japan (1.0K tons)
- Germany (0.3K tons)
Triethanolamine Exports in South Korea
In 2022, triethanolamine exports from South Korea dropped to 487 tons, which is down by -5% against the previous year's figure. Overall, exports showed a deep contraction.
In value terms, triethanolamine exports totaled $1.4M in 2022. In general, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 0.1% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in years to come.
| Export of Triethanolamine in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 261 | 295 | 324 | 353 | 10.6% |
| China | 465 | 388 | 315 | 253 | -18.4% |
| Thailand | 140 | 158 | 173 | 189 | 10.5% |
| Malaysia | 133 | 150 | 165 | 180 | 10.6% |
| Colombia | 124 | 140 | 154 | 168 | 10.7% |
| Nicaragua | 75.7 | 85.5 | 94.0 | 102 | 10.5% |
| Egypt | 78.8 | 68.4 | 67.2 | 61.3 | -8.0% |
| Others | 74.8 | 69.0 | 62.6 | 50.1 | -12.5% |
| Total | 1,351 | 1,353 | 1,355 | 1,356 | 0.1% |
Top Export Markets for Triethanolamine from South Korea in 2022:
- China (1408.3 tons)
- India (1348.1 tons)
- Colombia (269.6 tons)
- Thailand (253.2 tons)
- Egypt (141.0 tons)
- Nicaragua (81.6 tons)
- Malaysia (49.9 tons)
This report provides an in-depth analysis of the triethanolamine 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 20144237 - Triethanolamine 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
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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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