Latest Report Update: Apr 17, 2021

Republic of Korea - Saturated Acyclic Monocarboxylic Acids - Market Analysis, Forecast, Size, Trends and Insights
Update: COVID-19 Impact

Licenses

You will receive a PDF copy of the report by email within 24 hours (Mon - Fri).

By clicking «Buy the Report», you agree to our Terms of Service, Privacy Policy and Licenses. We'll occasionally send you account related emails.

Republic of Korea: Monocarboxylic Acid Market Overview 2021

Webinar: Global PVC Market - Statistics, Trends, and Outlook

Join our live webinar to get insights into the global polyvinyl chloride market.

Thursday, July 1st, 2021 @ 10:00 am ET

Register Now

Monocarboxylic Acid Market Size in Republic of Korea

In 2019, the South Korean monocarboxylic acid market decreased by -X% to $X for the first time since 2016, thus ending a two-year rising trend. In general, consumption continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X% year-to-year. Monocarboxylic acid consumption peaked at $X in 2014; however, from 2015 to 2019, consumption failed to regain the momentum.

Monocarboxylic Acid Production in Republic of Korea

In value terms, monocarboxylic acid production rose notably to $X in 2019 estimated in export prices. Overall, production, however, saw a noticeable descent. The pace of growth appeared the most rapid in 2018 with an increase of X% y-o-y. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2019, production stood at a somewhat lower figure.

Monocarboxylic Acid Exports

Exports from Republic of Korea

Monocarboxylic acid exports from South Korea soared to X tonnes in 2019, with an increase of X% compared with the previous year's figure. Overall, exports saw a relatively flat trend pattern. The growth pace was the most rapid in 2012 when exports increased by X% year-to-year. Over the period under review, exports reached the maximum in 2019 and are likely to see steady growth in the near future.

In value terms, monocarboxylic acid exports fell to $X in 2019. Over the period under review, total exports indicated slight growth from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, exports increased by +X% against 2016 indices. The pace of growth appeared the most rapid in 2018 when exports increased by X% against the previous year. Over the period under review, exports hit record highs at $X in 2012; however, from 2013 to 2019, exports stood at a somewhat lower figure.

Exports by Country

Japan (X tonnes) was the main destination for monocarboxylic acid exports from South Korea, with a X% share of total exports. Moreover, monocarboxylic acid exports to Japan exceeded the volume sent to the second major destination, Pakistan (X tonnes), fourfold. Viet Nam (X tonnes) ranked third in terms of total exports with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of volume to Japan stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Pakistan (+X% per year) and Viet Nam (+X% per year).

In value terms, Japan ($X) remains the key foreign market for monocarboxylic acid exports from South Korea, comprising X% of total exports. The second position in the ranking was occupied by China ($X), with a X% share of total exports. It was followed by Viet Nam, with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of value to Japan totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-X% per year) and Viet Nam (+X% per year).

Export Prices by Country

In 2019, the average monocarboxylic acid export price amounted to $X per tonne, which is down by -X% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average export price increased by X% year-to-year. As a result, export price attained the peak level of $X per tonne, and then reduced markedly in the following year.

Prices varied noticeably by the country of destination; the country with the highest price was China ($X per tonne), while the average price for exports to Pakistan ($X per tonne) was amongst the lowest.

From 2007 to 2019, 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 more modest paces of growth.

Monocarboxylic Acid Imports

Imports into Republic of Korea

In 2019, purchases abroad of saturated acyclic monocarboxylic acids decreased by -X% to X tonnes, falling for the second year in a row after three years of growth. Over the period under review, total imports indicated a perceptible increase from 2007 to 2019: its volume increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, imports decreased by -X% against 2017 indices. The pace of growth appeared the most rapid in 2011 with an increase of X% against the previous year. Imports peaked at X tonnes in 2017; however, from 2018 to 2019, imports stood at a somewhat lower figure.

In value terms, monocarboxylic acid imports contracted rapidly to $X in 2019. Overall, total imports indicated a mild increase from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2011 with an increase of X% year-to-year. Imports peaked at $X in 2018, and then declined significantly in the following year.

Imports by Country

In 2019, China (X tonnes) constituted the largest supplier of monocarboxylic acid to South Korea, accounting for a X% share of total imports. Moreover, monocarboxylic acid imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tonnes), threefold. The third position in this ranking was occupied by Japan (X tonnes), with a X% share.

From 2007 to 2019, 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: Taiwan (Chinese) (+X% per year) and Japan (-X% per year).

In value terms, China ($X) constituted the largest supplier of monocarboxylic acid to South Korea, comprising X% of total imports. The second position in the ranking was occupied by Japan ($X), with a X% share of total imports. It was followed by Taiwan (Chinese), with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of value from China amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-X% per year) and Taiwan (Chinese) (+X% per year).

Import Prices by Country

The average monocarboxylic acid import price stood at $X per tonne in 2019, waning by -X% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the average import price increased by X% y-o-y. Over the period under review, average import prices hit record highs at $X per tonne in 2008; however, from 2009 to 2019, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was the U.S. ($X per tonne), while the price for China ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by the U.S., while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for saturated acyclic monocarboxylic acids in the world?
+
The countries with the highest volumes of monocarboxylic acid consumption in 2019 were China (4M tonnes), India (3.3M tonnes) and the U.S. (2.4M tonnes), together accounting for 45% of global consumption. Belgium, Germany, Japan, Russia, Indonesia, Mexico, the UK, the Netherlands and Italy lagged somewhat behind, together accounting for a further 31%.
What are the largest producers of saturated acyclic monocarboxylic acids in the world?
+
The countries with the highest volumes of monocarboxylic acid production in 2019 were China (5.7M tonnes), the U.S. (3.4M tonnes) and India (2.3M tonnes), with a combined 57% share of global production. The UK, Germany, Saudi Arabia, Malaysia, Japan, Russia, Indonesia, Singapore, Taiwan (Chinese) and Iran lagged somewhat behind, together comprising a further 32%.
What are the leading suppliers of saturated acyclic monocarboxylic acids to Republic of Korea?
+
In value terms, China ($155M) constituted the largest supplier of monocarboxylic acid to South Korea, comprising 37% of total imports. The second position in the ranking was occupied by Japan ($68M), with a 16% share of total imports. It was followed by Taiwan (Chinese), with a 14% share.
What are the leading importers of saturated acyclic monocarboxylic acids from Republic of Korea?
+
In value terms, Japan ($80M) remains the key foreign market for monocarboxylic acid exports from South Korea, comprising 37% of total exports. The second position in the ranking was occupied by China ($29M), with a 14% share of total exports. It was followed by Viet Nam, with a 6.4% share.
What is the average export price for saturated acyclic monocarboxylic acids in Republic of Korea?
+
In 2019, the average monocarboxylic acid export price amounted to $973 per tonne, dropping by -28.2% against the previous year.
What is the average import price for saturated acyclic monocarboxylic acids in Republic of Korea?
+
In 2019, the average monocarboxylic acid import price amounted to $1,137 per tonne, shrinking by -17.4% against the previous year.

Product coverage:
• Prodcom 20143215 - Ethyl acetate
• Prodcom 20143219 - Esters of acetic acid (excluding ethyl acetate)
• Prodcom 20143220 - Mono-, di- or tri-chloroacetic acids, propionic, butanoic and pentanoic acids, their salts and esters
• Prodcom 20143230 -
• Prodcom 20143240 -
• Prodcom 20143250 - Formic acid, its salts and esters
• Prodcom 20143271 - Acetic acid
• Prodcom 20143277 - Acetic anhydride
• Prodcom 20143278 - Salts of acetic acid
• Prodcom 20143280 - Lauric acid and others, salts and esters

This report provides an in-depth analysis of the monocarboxylic acid 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

Webinar: Global PVC Market - Statistics, Trends, and Outlook



Join our live webinar to get insights into the global polyvinyl chloride market.



Thursday, July 1st, 2021 @ 10:00 am ET


Register

Webinar: Global Methanol Market - Statistics, Trends, and Outlook



Join our live webinar to get insights into the global methanol market.



Thursday, July 8th, 2021 @ 10:00 am ET


Register

Webinar: Global Paint And Coating Market - Statistics, Trends, and Outlook



Join our live webinar to get insights into the global paint and coating market.



Thursday, July 22nd, 2021 @ 10:00 am ET


Register
Ready to Get Started?
We can help you conduct market research and write a report using the most reliable data