Republic of Korea: Aniline Derivatives Market 2024

Aniline Derivatives Market Size in Republic of Korea

In 2022, the South Korean aniline derivatives market decreased by X% to $X, falling for the second year in a row after two years of growth. Over the period under review, consumption continues to indicate a perceptible shrinkage. The growth pace was the most rapid in 2019 with an increase of X%. Aniline derivatives consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Aniline Derivatives Production in Republic of Korea

In value terms, aniline derivatives production reached $X in 2022 estimated in export price. Over the period under review, production, however, saw a mild slump. The most prominent rate of growth was recorded in 2020 when the production volume increased by X%. Aniline derivatives production peaked at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

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Aniline Derivatives Exports

Exports from Republic of Korea

In 2022, shipments abroad of aniline derivatives and their salts decreased by X% to X tons, falling for the third consecutive year after three years of growth. In general, exports showed a pronounced decline. The pace of growth was the most pronounced in 2014 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, aniline derivatives exports dropped significantly to $X in 2022. Overall, exports showed a abrupt curtailment. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

China (X tons), India (X tons) and the United States (X tons) were the main destinations of aniline derivatives exports from South Korea, with a combined X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by India (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for aniline derivatives and their salts exports from South Korea, comprising X% of total exports. The second position in the ranking was taken by India ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (X% per year) and China (X% per year).

Export Prices by Country

The average aniline derivatives export price stood at $X per ton in 2022, with an increase of X% against the previous year. In general, the export price, however, saw a abrupt decrease. The pace of growth was the most pronounced in 2017 when the average export price increased by X%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to China ($X 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 Japan (X%), while the prices for the other major destinations experienced more modest paces of growth.

Aniline Derivatives Imports

Imports into Republic of Korea

In 2022, imports of aniline derivatives and their salts into South Korea fell markedly to X tons, waning by X% compared with the year before. Over the period under review, imports saw a abrupt decrease. The growth pace was the most rapid in 2021 when imports increased by X%. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, aniline derivatives imports dropped significantly to $X in 2022. In general, imports continue to indicate a pronounced downturn. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest aniline derivatives supplier to South Korea, with a X% share of total imports. Moreover, aniline derivatives imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), twofold. Italy (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and Italy (X% per year).

In value terms, the largest aniline derivatives suppliers to South Korea were China ($X), India ($X) and Italy ($X), with a combined X% share of total imports.

Among the main suppliers, Italy, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average aniline derivatives import price stood at $X per ton in 2022, surging by X% against the previous year. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2019 to 2022, the average import prices remained at a 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 Italy ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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