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Republic of Korea - Refined Cotton-Seed Oil - Market Analysis, Forecast, Size, Trends And Insights
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Republic of Korea: Refined Cotton-Seed Oil Market Overview 2021

Refined Cotton-Seed Oil Market Size in Republic of Korea

In 2020, the South Korean refined cotton-seed oil market decreased by -X% to $X, falling for the second consecutive year after two years of growth. Overall, the total consumption indicated a noticeable increase from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, consumption decreased by -X% against 2018 indices. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, consumption attained the peak level of $X. From 2015 to 2020, the growth of the market remained at a somewhat lower figure.

Refined Cotton-Seed Oil Production in Republic of Korea

In value terms, refined cotton-seed oil production fell modestly to $X in 2020 estimated in export prices. Overall, the total production indicated a pronounced increase from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, production decreased by -X% against 2018 indices. The most prominent rate of growth was recorded in 2014 when the production volume increased by X% year-to-year. As a result, production reached the peak level of $X. From 2015 to 2020, production growth remained at a lower figure.

Refined Cotton-Seed Oil Exports

Exports from Republic of Korea

For the fourteenth year in a row, South Korea recorded growth in shipments abroad of refined cotton-seed oil, which increased by X% to X tonnes in 2020. Over the period under review, exports saw a resilient expansion. The most prominent rate of growth was recorded in 2014 when exports increased by X% y-o-y. Over the period under review, exports hit record highs in 2020 and are likely to continue growth in the immediate term.

In value terms, refined cotton-seed oil exports expanded slightly to $X in 2020. In general, exports recorded a prominent increase. The pace of growth was the most pronounced in 2014 when exports increased by X% year-to-year. Exports peaked at $X in 2015; however, from 2016 to 2020, exports stood at a somewhat lower figure.

Exports by Country

Israel (X tonnes), Viet Nam (X tonnes) and China (X kg) were the main destinations of refined cotton-seed oil exports from South Korea, together accounting for X% of total exports.

From 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Viet Nam (+X% per year), while exports for the other leaders experienced mixed trend patterns.

In value terms, the largest markets for refined cotton-seed oil exported from South Korea were Israel ($X), Viet Nam ($X) and China ($X), together comprising X% of total exports.

Viet Nam (+X% per year) recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average refined cotton-seed oil export price stood at $X per tonne in 2020, almost unchanged from the previous year. In general, the export price continues to indicate a mild decrease. The most prominent rate of growth was recorded in 2014 an increase of X% year-to-year. As a result, export price reached the peak level of $X per tonne. From 2015 to 2020, the growth in terms of the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2020, the country with the highest price was China ($X per tonne), while the average price for exports to Viet Nam ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to China, while the prices for the other major destinations experienced mixed trend patterns.

Refined Cotton-Seed Oil Imports

Imports into Republic of Korea

In 2020, the amount of refined cotton-seed oil imported into South Korea reduced remarkably to X tonnes, with a decrease of -X% against 2019. Overall, imports recorded a precipitous slump. The pace of growth was the most pronounced in 2012 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at X tonnes in 2007; however, from 2008 to 2020, imports failed to regain the momentum.

In value terms, refined cotton-seed oil imports shrank to $X in 2020. In general, imports showed a precipitous setback. The most prominent rate of growth was recorded in 2012 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2013 to 2020, the growth imports remained at a somewhat lower figure.

Imports by Country

In 2020, Australia (X tonnes) was the main supplier of refined cotton-seed oil to South Korea, with a X% share of total imports. Moreover, refined cotton-seed oil imports from Australia exceeded the figures recorded by the second-largest supplier, Italy (X tonnes), more than tenfold.

From 2007 to 2020, the average annual rate of growth in terms of volume from Australia amounted to -X%.

In value terms, the largest refined cotton-seed oil suppliers to South Korea were Australia ($X) and Italy ($X), together accounting for X% of total imports.

Italy recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review.

Import Prices by Country

The average refined cotton-seed oil import price stood at $X per tonne in 2020, growing by X% against the previous year. Over the period under review, import price indicated notable growth from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 an increase of X% y-o-y. The import price peaked at $X per tonne in 2009; however, from 2010 to 2020, import prices failed to regain the momentum.

Prices varied noticeably by the country of origin; the country with the highest price was Italy ($X per tonne), while the price for Australia stood at $X per tonne.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Italy.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for refined cotton-seed oil in the world?
+
China (729K tonnes) constituted the country with the largest volume of refined cotton-seed oil consumption, comprising approx. 16% of total volume. Moreover, refined cotton-seed oil consumption in China exceeded the figures recorded by the second-largest consumer, the U.S. (317K tonnes), twofold. India (279K tonnes) ranked third in terms of total consumption with a 6.1% share.
What are the largest producers of refined cotton-seed oil in the world?
+
China (731K tonnes) remains the largest refined cotton-seed oil producing country worldwide, comprising approx. 16% of total volume. Moreover, refined cotton-seed oil production in China exceeded the figures recorded by the second-largest producer, the U.S. (345K tonnes), twofold. India (277K tonnes) ranked third in terms of total production with a 6.1% share.
What are the leading suppliers of refined cotton-seed oil to Republic of Korea?
+
In value terms, Australia ($82K) and Italy ($76K) were the largest refined cotton-seed oil suppliers to South Korea, together comprising 94% of total imports.
What are the leading importers of refined cotton-seed oil from Republic of Korea?
+
In value terms, Israel ($9.3K), Viet Nam ($5K) and China ($2.2K) constituted the largest markets for refined cotton-seed oil exported from South Korea worldwide, together accounting for 97% of total exports.
What is the average export price for refined cotton-seed oil in Republic of Korea?
+
The average refined cotton-seed oil export price stood at $1,154 per tonne in 2020, therefore, remained relatively stable against the previous year.
What is the average import price for refined cotton-seed oil in Republic of Korea?
+
The average refined cotton-seed oil import price stood at $1,397 per tonne in 2020, surging by 16% against the previous year.

Product coverage:
• Prodcom 10415500 - Refined cotton-seed oil and its fractions (excluding chemically modified)

This report provides an in-depth analysis of the refined cotton-seed oil market in Republic of Korea. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.


Country coverage:
• South Korea

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Republic of Korea
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2020
Figure 21:
Production, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, 2007–2020
Figure 23:
Imports, In Value Terms, 2007–2020
Figure 24:
Imports, In Physical Terms, By Country, 2020
Figure 25:
Imports, In Physical Terms, By Country, 2007–2020
Figure 26:
Imports, In Value Terms, By Country, 2007–2020
Figure 27:
Import Prices, By Country Of Origin, 2007–2020
Figure 28:
Exports, In Physical Terms, 2007–2020
Figure 29:
Exports, In Value Terms, 2007–2020
Figure 30:
Exports, In Physical Terms, By Country, 2020
Figure 31:
Exports, In Physical Terms, By Country, 2007–2020
Figure 32:
Exports, In Value Terms, By Country, 2007–2020
Figure 33:
Export Prices, By Country Of Destination, 2007–2020

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