Republic of Korea: Trichloroethylene And Tetrachloroethylene Market 2024

Trichloroethylene And Tetrachloroethylene Market Size in Republic of Korea

In 2022, the South Korean trichloroethylene and tetrachloroethylene market increased by X% to $X, rising for the second year in a row after five years of decline. Over the period under review, consumption saw a abrupt shrinkage. Trichloroethylene and tetrachloroethylene consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Trichloroethylene And Tetrachloroethylene Exports

Exports from Republic of Korea

In 2022, overseas shipments of trichloroethylene and tetrachloroethylene (perchloroethylene) decreased by X% to X tons, falling for the second year in a row after two years of growth. In general, exports continue to indicate a dramatic decrease. The growth pace was the most rapid in 2019 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, trichloroethylene and tetrachloroethylene exports reduced remarkably to $X in 2022. Over the period under review, exports faced a precipitous contraction. The pace of growth was the most pronounced in 2019 when exports increased by X%. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

The United Arab Emirates (X tons) was the main destination for trichloroethylene and tetrachloroethylene exports from South Korea, with a X% share of total exports. It was followed by Singapore (X kg), with less than X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United Arab Emirates stood at X.7%.

In value terms, the United Arab Emirates ($X) emerged as the key foreign market for trichloroethylene and tetrachloroethylene (perchloroethylene) exports from South Korea, comprising X% of total exports. The second position in the ranking was held by Singapore ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the United Arab Emirates amounted to X.5%.

Export Prices by Country

In 2022, the average trichloroethylene and tetrachloroethylene export price amounted to $X per ton, growing by X% against the previous year. Over the period under review, the export price continues to indicate strong growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($X per ton), while the average price for exports to the United Arab Emirates amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (X%), while the prices for the other major destinations experienced more modest paces of growth.

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Trichloroethylene And Tetrachloroethylene Imports

Imports into Republic of Korea

For the eighth consecutive year, South Korea recorded decline in overseas purchases of trichloroethylene and tetrachloroethylene (perchloroethylene), which decreased by X% to X tons in 2022. Overall, imports showed a deep reduction. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, trichloroethylene and tetrachloroethylene imports skyrocketed to $X in 2022. In general, imports saw a abrupt decrease. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Japan (X tons) constituted the largest supplier of trichloroethylene and tetrachloroethylene to South Korea, accounting for a X% share of total imports. Moreover, trichloroethylene and tetrachloroethylene imports from Japan exceeded the figures recorded by the second-largest supplier, the United States (X tons), sixfold. The third position in this ranking was held by China (X tons), with a X% share.

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

In value terms, Japan ($X) constituted the largest supplier of trichloroethylene and tetrachloroethylene (perchloroethylene) to South Korea, comprising X% of total imports. The second position in the ranking was held by China ($X), with an X% share of total imports. It was followed by the United States, with a X% share.

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

Import Prices by Country

In 2022, the average trichloroethylene and tetrachloroethylene import price amounted to $X per ton, increasing by X% against the previous year. Over the period under review, import price indicated moderate growth from 2012 to 2022: its price 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, trichloroethylene and tetrachloroethylene import price increased by X% against 2020 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per ton), while the price for the United States ($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 more modest paces of growth.

Source: IndexBox Platform

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