Republic of Korea: Disinfectant Market 2024

Disinfectant Market Size in Republic of Korea

For the fifth year in a row, the South Korean disinfectant market recorded growth in sales value, which increased by X% to $X in 2022. Over the period under review, consumption saw a remarkable increase. Over the period under review, the market reached the peak level in 2022 and is likely to see gradual growth in the immediate term.

Disinfectant Production in Republic of Korea

In value terms, disinfectant production surged to $X in 2022 estimated in export price. Over the period under review, production posted a prominent expansion. The most prominent rate of growth was recorded in 2020 with an increase of X%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Disinfectant Exports

Exports from Republic of Korea

In 2022, the amount of disinfectants exported from South Korea amounted to X tons, growing by X% against the previous year. Overall, exports posted a resilient increase. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, disinfectant exports contracted notably to $X in 2022. In general, exports posted a prominent expansion. The pace of growth was the most pronounced in 2020 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2021 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Hong Kong SAR (X tons) was the main destination for disinfectant exports from South Korea, accounting for a X% share of total exports. Moreover, disinfectant exports to Hong Kong SAR exceeded the volume sent to the second major destination, Malaysia (X tons), threefold. The third position in this ranking was taken by Japan (X tons), with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Hong Kong SAR amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (X% per year) and Japan (X% per year).

In value terms, the largest markets for disinfectant exported from South Korea were Hong Kong SAR ($X), Vietnam ($X) and China ($X), with a combined X% share of total exports. Japan, Malaysia, Taiwan (Chinese), Cambodia, Thailand and Mongolia lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, Cambodia, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average disinfectant export price stood at $X per ton in 2022, falling by X% against the previous year. Overall, export price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, disinfectant export price decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2013 when the average export price increased by X%. The export price peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

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

Disinfectant Imports

Imports into Republic of Korea

In 2022, approx. X tons of disinfectants were imported into South Korea; increasing by X% compared with the previous year's figure. Overall, total imports indicated a prominent increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, disinfectant imports rose notably to $X in 2022. Over the period under review, imports recorded a resilient increase. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

The UK (X tons), the United States (X tons) and China (X tons) were the main suppliers of disinfectant imports to South Korea, with a combined X% share of total imports. Japan, the Netherlands, Belgium, Germany, Australia and Denmark lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest disinfectant suppliers to South Korea were the UK ($X), the United States ($X) and China ($X), with a combined X% share of total imports. Japan, Germany, the Netherlands, Australia, Belgium and Denmark lagged somewhat behind, together accounting for a further X%.

The Netherlands, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average disinfectant import price amounted to $X per ton, standing approx. at the previous year. In general, import price indicated buoyant growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, disinfectant import price increased by X% against 2012 indices. The growth pace was the most rapid in 2021 an increase of X%. As a result, import price reached the peak level of $X per ton, and then declined slightly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Denmark ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :