Republic of Korea: Ether Market 2024

Ether Market Size in Republic of Korea

In 2022, the South Korean ether market decreased by X% to $X, falling for the third consecutive year after three years of growth. In general, consumption showed a noticeable curtailment. Ether consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Ether Production in Republic of Korea

In value terms, ether production shrank to $X in 2022 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

Ether Exports

Exports from Republic of Korea

In 2022, shipments abroad of ethers increased by X% to X tons, rising for the second consecutive year after two years of decline. Overall, exports posted a strong increase. The growth pace was the most rapid in 2021 when exports increased by X%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, ether exports stood at $X in 2022. Over the period under review, exports posted a buoyant expansion. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in years to come.

Exports by Country

China (X tons), Singapore (X tons) and Malaysia (X tons) were the main destinations of ether exports from South Korea, with a combined X% share of total exports. India, Japan, the United States, Taiwan (Chinese), Russia and the Netherlands lagged somewhat behind, together comprising a further X%.

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

In value terms, China ($X), Singapore ($X) and the United States ($X) appeared to be the largest markets for ether exported from South Korea worldwide, together accounting for X% of total exports. Malaysia, India, Japan, the Netherlands, Taiwan (Chinese) and Russia lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, the Netherlands, with a CAGR of X%, recorded the highest growth rate of 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

In 2022, the average ether export price amounted to $X per ton, waning by X% against the previous year. In general, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X%. As a result, the export price reached the peak level of $X per ton, and then reduced in the following year.

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

Ether Imports

Imports into Republic of Korea

In 2022, approx. X tons of ethers were imported into South Korea; dropping by X% against 2021. Overall, imports recorded a abrupt descent. The pace of growth was the most pronounced in 2015 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, ether imports dropped dramatically to $X in 2022. Over the period under review, imports recorded a abrupt descent. The pace of growth was the most pronounced in 2015 when imports increased by X% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

China (X tons), the United States (X tons) and Saudi Arabia (X tons) were the main suppliers of ether imports to South Korea, with a combined X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of X%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, China ($X) constituted the largest supplier of ethers to South Korea, comprising X% of total imports. The second position in the ranking was taken by the United States ($X), with a X% share of total imports. It was followed by Japan, with an X% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Japan (X% per year).

Import Prices by Country

The average ether import price stood at $X per ton in 2022, increasing by X% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X%. Over the period under review, average import prices reached the maximum at $X per ton in 2013; however, from 2014 to 2022, 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 Japan ($X per ton), while the price for Taiwan (Chinese) ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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