Republic of Korea: Market for Non-Ionic Surface-Active Agents (Excluding Soap) 2024

Market Size for Non-Ionic Surface-Active Agents (Excluding Soap) in Republic of Korea

The South Korean market for non-ionic surface-active agents (excluding soap) expanded to $X in 2023, picking up by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Non-ionic surface-active agents (excl. soap) consumption peaked at $X in 2021; however, from 2022 to 2023, consumption failed to regain momentum.

Production of Non-Ionic Surface-Active Agents (Excluding Soap) in Republic of Korea

In value terms, non-ionic surface-active agents (excl. soap) production reached $X in 2023 estimated in export price. Over the period under review, the total production indicated a prominent increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Non-ionic surface-active agents (excl. soap) production peaked at $X in 2021; however, from 2022 to 2023, production failed to regain momentum.

Exports of Non-Ionic Surface-Active Agents (Excluding Soap)

Exports from Republic of Korea

In 2023, after eleven years of growth, there was decline in shipments abroad of non-ionic surface-active agents (excluding soap), when their volume decreased by X% to X tons. Over the period under review, exports, however, enjoyed a prominent increase. The pace of growth was the most pronounced in 2016 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2022, and then declined slightly in the following year.

In value terms, non-ionic surface-active agents (excl. soap) exports reduced modestly to $X in 2023. Overall, exports, however, recorded a remarkable increase. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, the exports reached the peak figure at $X in 2022, and then shrank slightly in the following year.

Exports by Country

The United States (X tons), China (X tons) and Germany (X tons) were the main destinations of non-ionic surface-active agents (excl. soap) exports from South Korea, with a combined X% share of total exports. Australia, Turkey, Japan, Indonesia, Vietnam, Russia, Canada, Taiwan (Chinese), the Netherlands and Thailand lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the biggest increases were recorded for Russia (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($X), the United States ($X) and Australia ($X) appeared to be the largest markets for non-ionic surface-active agents (excl. soap) exported from South Korea worldwide, together accounting for X% of total exports. Germany, Indonesia, Japan, Vietnam, Turkey, Taiwan (Chinese), Canada, Russia, the Netherlands and Thailand lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, Russia, 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

In 2023, the average export price for non-ionic surface-active agents (excluding soap) amounted to $X per ton, approximately equating the previous year. In general, the export price saw a mild downturn. The pace of growth was the most pronounced in 2021 when the average export price increased by X%. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2023, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2023, amid the top suppliers, the country with the highest price was Vietnam ($X per ton), while the average price for exports to Germany ($X per ton) was amongst the lowest.

From 2012 to 2023, 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.

Imports of Non-Ionic Surface-Active Agents (Excluding Soap)

Imports into Republic of Korea

Non-ionic surface-active agents (excl. soap) imports into South Korea stood at X tons in 2023, with an increase of X% on 2022. In general, imports, however, continue to indicate a significant contraction. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2022 to 2023, the growth of imports remained at a lower figure.

In value terms, non-ionic surface-active agents (excl. soap) imports expanded slightly to $X in 2023. Overall, imports, however, saw a significant decrease. The growth pace was the most rapid in 2021 when imports increased by X%. As a result, imports attained the peak of $X. From 2022 to 2023, the growth of imports remained at a lower figure.

Imports by Country

In 2023, China (X tons) constituted the largest supplier of non-ionic surface-active agents (excl. soap) to South Korea, accounting for a X% share of total imports. Moreover, non-ionic surface-active agents (excl. soap) imports from China exceeded the figures recorded by the second-largest supplier, Japan (X tons), twofold. The third position in this ranking was held by Malaysia (X tons), with a X% share.

From 2012 to 2023, the average annual growth rate of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (X% per year) and Malaysia (X% per year).

In value terms, China ($X), Japan ($X) and the United States ($X) appeared to be the largest non-ionic surface-active agents (excl. soap) suppliers to South Korea, with a combined X% share of total imports. Germany, Singapore, Malaysia, Taiwan (Chinese) and Italy lagged somewhat behind, together comprising a further X%.

Taiwan (Chinese), with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2023, the average import price for non-ionic surface-active agents (excluding soap) amounted to $X per ton, leveling off at the previous year. Over the period under review, the import price recorded a perceptible contraction. The growth pace was the most rapid in 2021 an increase of X% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2023, 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 the United States ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the United States (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform