Republic of Korea: Market for Hormones, Prostaglandins, Thromboxanes And Leukotrienes 2022

Market Size for Hormones, Prostaglandins, Thromboxanes And Leukotrienes in Republic of Korea

In 2021, the South Korean market for hormones, prostaglandins, thromboxanes and leukotrienes decreased by -X% to $X, falling for the sixth year in a row after four years of growth. Over the period under review, consumption showed tangible growth. As a result, consumption reached the peak level of $X. From 2016 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Hormones, Prostaglandins, Thromboxanes And Leukotrienes in Republic of Korea

In value terms, hormones, prostaglandins, thromboxanes and leukotrienes production rose modestly to $X in 2021 estimated in export price. Overall, production recorded tangible growth. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2016 to 2021, production growth remained at a lower figure.

Exports of Hormones, Prostaglandins, Thromboxanes And Leukotrienes

Exports from Republic of Korea

In 2021, approx. X tons of hormones, prostaglandins, thromboxanes and leukotrienes were exported from South Korea; rising by X% on 2020. Overall, exports enjoyed resilient growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, hormones, prostaglandins, thromboxanes and leukotrienes exports rose rapidly to $X in 2021. In general, exports enjoyed a prominent increase. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

Austria (X tons), China (X tons) and Poland (X kg) were the main destinations of hormones, prostaglandins, thromboxanes and leukotrienes exports from South Korea, with a combined X% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Austria (with a CAGR of +X%), while the other leaders experienced more modest paces of growth.

In value terms, Austria ($X), Croatia ($X) and Poland ($X) were the largest markets for hormones, prostaglandins, thromboxanes and leukotrienes exported from South Korea worldwide, with a combined X% share of total exports. The United States, China, the Netherlands and India lagged somewhat behind, together comprising a further X Netherlands, with a CAGR of +X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average export price for hormones, prostaglandins, thromboxanes and leukotrienes amounted to $X per kg, shrinking by -X% against the previous year. In general, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs at $X per kg in 2015; however, from 2016 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Croatia ($X per kg), while the average price for exports to India ($X per kg) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Croatia (+X%), while the prices for the other major destinations experienced a decline.

Imports of Hormones, Prostaglandins, Thromboxanes And Leukotrienes

Imports into Republic of Korea

In 2021, overseas purchases of hormones, prostaglandins, thromboxanes and leukotrienes decreased by -X% to X tons for the first time since 2013, thus ending a seven-year rising trend. Overall, imports, however, saw temperate growth. The pace of growth appeared the most rapid in 2020 when imports increased by X%. As a result, imports attained the peak of X tons, and then dropped markedly in the following year.

In value terms, hormones, prostaglandins, thromboxanes and leukotrienes imports contracted to $X in 2021. In general, total imports indicated a pronounced increase from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +X% against 2013 indices. The pace of growth appeared the most rapid in 2018 when imports increased by X%. Over the period under review, imports reached the maximum at $X in 2020, and then fell in the following year.

Imports by Country

In 2021, China (X tons) constituted the largest hormones, prostaglandins, thromboxanes and leukotrienes supplier to South Korea, accounting for a X% share of total imports. Moreover, hormones, prostaglandins, thromboxanes and leukotrienes imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), twofold. Malaysia (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+X% per year) and Malaysia (+X% per year).

In value terms, China ($X) constituted the largest supplier of hormones, prostaglandins, thromboxanes and leukotrienes to South Korea, comprising X% of total imports. The second position in the ranking was taken by Italy ($X), with a X% share of total imports. It was followed by India, with an X% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+X% per year) and India (+X% per year).

Import Prices by Country

In 2021, the average import price for hormones, prostaglandins, thromboxanes and leukotrienes amounted to $X per ton, rising by X% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. Over the period under review, average import prices reached the maximum at $X per ton in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was India ($X per ton), while the price for Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2021, 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