Republic of Korea: Methylamine Market 2024

Methylamine Market Size in Republic of Korea

In 2022, the South Korean methylamine market increased by X% to $X for the first time since 2018, thus ending a three-year declining trend. Over the period under review, consumption, however, saw a pronounced curtailment. Methylamine consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Methylamine Production in Republic of Korea

In value terms, methylamine production totaled $X in 2022 estimated in export price. Overall, production, however, showed a perceptible contraction. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Methylamine Exports

Exports from Republic of Korea

In 2022, after two years of growth, there was significant decline in shipments abroad of methylamine, di- or trimethylamine and their salts, when their volume decreased by X% to X tons. Over the period under review, exports, however, enjoyed moderate growth. The most prominent rate of growth was recorded in 2020 with an increase of X%. The exports peaked at X tons in 2021, and then declined in the following year.

In value terms, methylamine exports skyrocketed to $X in 2022. Overall, exports, however, posted a measured increase. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the near future.

Exports by Country

The Philippines (X tons) was the main destination for methylamine exports from South Korea, accounting for a X% share of total exports. Moreover, methylamine exports to the Philippines exceeded the volume sent to the second major destination, Australia (X tons), twofold. The third position in this ranking was held by Colombia (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to the Philippines totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (X% per year) and Colombia (X% per year).

In value terms, the Philippines ($X) remains the key foreign market for methylamine, di- or trimethylamine and their salts exports from South Korea, comprising X% of total exports. The second position in the ranking was taken by Australia ($X), with a X% share of total exports. It was followed by Colombia, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the Philippines totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (X% per year) and Colombia (X% per year).

Export Prices by Country

In 2022, the average methylamine export price amounted to $X per ton, jumping by X% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Colombia ($X per ton) and Brazil ($X per ton), while the average price for exports to the Philippines ($X per ton) and Israel ($X per ton) were 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 a decline.

Methylamine Imports

Imports into Republic of Korea

After two years of growth, supplies from abroad of methylamine, di- or trimethylamine and their salts decreased by X% to X tons in 2022. In general, total imports indicated a measured expansion 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 pace of growth appeared the most rapid in 2016 with an increase of X%. As a result, imports reached the peak of X tons. From 2017 to 2022, the growth of imports remained at a lower figure.

In value terms, methylamine imports declined to $X in 2022. Overall, imports, however, showed modest growth. The pace of growth was the most pronounced in 2021 when imports increased by X%. As a result, imports attained the peak of $X, and then reduced in the following year.

Imports by Country

In 2022, the United States (X tons) constituted the largest supplier of methylamine to South Korea, accounting for a X% share of total imports. Moreover, methylamine imports from the United States exceeded the figures recorded by the second-largest supplier, India (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 growth rate of volume from the United States stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and Japan (X% per year).

In value terms, the United States ($X) constituted the largest supplier of methylamine, di- or trimethylamine and their salts to South Korea, comprising X% of total imports. The second position in the ranking was held by Japan ($X), with a X% share of total imports. It was followed by China, with a X% share.

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

Import Prices by Country

The average methylamine import price stood at $X per ton in 2022, picking up by X% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :