Republic of Korea - Saturated Acyclic Monocarboxylic Acids - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPrice for Saturated Acyclic Monocarboxylic Acids in South Korea - 2022
Contents:
- Price for Saturated Acyclic Monocarboxylic Acids in South Korea (CIF) - 2022
- Price for Saturated Acyclic Monocarboxylic Acids in South Korea (FOB) - 2022
- Imports of Saturated Acyclic Monocarboxylic Acids in South Korea
- Exports of Saturated Acyclic Monocarboxylic Acids in South Korea
Price for Saturated Acyclic Monocarboxylic Acids in South Korea (CIF) - 2022
The average saturated acyclic monocarboxylic acids import price stood at $1,633 per ton in 2022, picking up by 19% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.3%. The growth pace was the most rapid in 2018 an increase of 26% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($3,577 per ton), while the price for Saudi Arabia ($1,038 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+6.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Saturated Acyclic Monocarboxylic Acids in South Korea (FOB) - 2022
The average saturated acyclic monocarboxylic acids export price stood at $1,630 per ton in 2022, picking up by 20% against the previous year. Over the period under review, export price indicated a tangible increase from 2012 to 2022: its price increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, saturated acyclic monocarboxylic acids export price increased by +71.8% against 2020 indices. The pace of growth was the most pronounced in 2018 an increase of 44%. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in years to come.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was India ($2,285 per ton), while the average price for exports to Pakistan ($929 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (+11.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Saturated Acyclic Monocarboxylic Acids in South Korea
Saturated acyclic monocarboxylic acids imports into South Korea fell remarkably to 378K tons in 2022, waning by -24.7% against the year before. In general, total imports indicated a noticeable increase from 2019 to 2022: its volume increased at an average annual rate of +2.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +8.7% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 44% against the previous year. As a result, imports reached the peak of 502K tons, and then shrank notably in the following year.
In value terms, saturated acyclic monocarboxylic acids imports reduced to $618M in 2022. Over the period under review, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +14.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +61.7% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 80% against the previous year. As a result, imports attained the peak of $688M, and then shrank in the following year.
| Import of Saturated Acyclic Monocarboxylic Acids in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 155 | 142 | 333 | 292 | 23.5% |
| Taiwan (Chinese) | 58.7 | 58.0 | 81.5 | 83.2 | 12.3% |
| Japan | 67.9 | 62.8 | 93.4 | 69.4 | 0.7% |
| Malaysia | 26.0 | 23.2 | 53.2 | 47.8 | 22.5% |
| United States | 22.8 | 22.0 | 28.5 | 35.5 | 15.9% |
| Germany | 18.9 | 15.0 | 22.6 | 24.0 | 8.3% |
| Singapore | 30.2 | 24.0 | 30.0 | 20.5 | -12.1% |
| Others | 35.4 | 35.4 | 45.9 | 46.0 | 9.1% |
| Total | 415 | 382 | 688 | 618 | 14.2% |
Top Suppliers of Saturated Acyclic Monocarboxylic Acids to South Korea in 2022:
- China (221.8K tons)
- Taiwan (Chinese) (54.6K tons)
- Japan (31.7K tons)
- Malaysia (18.5K tons)
- Singapore (14.5K tons)
- United States (9.9K tons)
- Germany (8.1K tons)
Exports of Saturated Acyclic Monocarboxylic Acids in South Korea
In 2022, after three years of growth, there was significant decline in overseas shipments of saturated acyclic monocarboxylic acids, when their volume decreased by -39.2% to 247K tons. Overall, exports, however, recorded a temperate increase. The most prominent rate of growth was recorded in 2021 with an increase of 52% against the previous year. As a result, the exports attained the peak of 406K tons, and then fell notably in the following year.
In value terms, saturated acyclic monocarboxylic acids exports declined notably to $403M in 2022. In general, exports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 117% against the previous year. As a result, the exports reached the peak of $552M, and then declined dramatically in the following year.
| Export of Saturated Acyclic Monocarboxylic Acids in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 82.0 | 83.5 | 103 | 88.1 | 2.4% |
| Belgium | 7.3 | 13.3 | 116 | 85.0 | 126.7% |
| China | 29.7 | 42.1 | 126 | 64.1 | 29.2% |
| Indonesia | 6.5 | 9.9 | 33.9 | 25.8 | 58.3% |
| United States | 5.2 | 8.6 | 8.4 | 24.7 | 68.1% |
| India | 13.0 | 17.0 | 23.0 | 21.6 | 18.4% |
| Vietnam | 8.3 | 8.3 | 14.8 | 14.1 | 19.3% |
| Egypt | 4.6 | 5.5 | 12.8 | 11.6 | 36.1% |
| Turkey | 0.2 | 3.3 | 12.0 | 7.3 | 231.7% |
| Philippines | 5.0 | 2.9 | 7.7 | 5.7 | 4.5% |
| Thailand | 2.7 | 8.5 | 14.3 | 5.6 | 27.5% |
| Pakistan | 9.7 | 8.2 | 7.7 | 4.6 | -22.0% |
| Bangladesh | 6.4 | 4.9 | 8.6 | 4.6 | -10.4% |
| Others | 33.1 | 37.9 | 63.2 | 40.0 | 6.5% |
| Total | 214 | 254 | 552 | 403 | 23.5% |
Top Export Markets for Saturated Acyclic Monocarboxylic Acids from South Korea in 2022:
- Japan (69.3K tons)
- Belgium (41.8K tons)
- China (28.2K tons)
- United States (15.2K tons)
- Vietnam (12.1K tons)
- Indonesia (11.6K tons)
- India (9.4K tons)
- Egypt (6.9K tons)
- Philippines (6.0K tons)
- Turkey (5.3K tons)
- Pakistan (4.9K tons)
- Bangladesh (4.5K tons)
- Thailand (3.2K tons)
This report provides an in-depth analysis of the market for saturated acyclic monocarboxylic acids 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 2030.
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 20143278 - Salts of acetic acid
- Prodcom 20143280 - Lauric acid and others, salts and esters
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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
405
This report provides an in-depth analysis of the market for saturated acyclic monocarboxylic acids in Republic of Korea.
81
This report provides an in-depth analysis of the market for mono-, di- or tri-chloroacetic acids; propionic, butanoic and pentanoic acids in Republic of Korea.
69
This report provides an in-depth analysis of the market for esters of acetic acid (excluding ethyl acetate) in Republic of Korea.
367
This report provides an in-depth analysis of the market for salts of acetic acid in Republic of Korea.
415
This report provides an in-depth analysis of the market for palmitic acid, stearic acid, their salts and esters in Republic of Korea.
277
This report provides an in-depth analysis of the market for lauric acid and other acids, their salts and esters in Republic of Korea.
291
This report provides an in-depth analysis of the market for formic acid, its salts and esters in Republic of Korea.
342
This report provides an in-depth analysis of the ethyl acetate market in Republic of Korea.
357
This report provides an in-depth analysis of the acetic anhydride market in Republic of Korea.
467
This report provides an in-depth analysis of the acetic acid market in Republic of Korea.
211
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Saturated Acyclic Monocarboxylic Acids are important chemical compounds used in various industries, including pharmaceuticals, cosmetics, and chemical manufacturing. In this article, we explore the world's best import markets for saturated acyclic monocarboxylic acids, backed by data and key statistics from the IndexBox market intelligence platform. Belgium leads the way as the largest importer, followed by India, Germany, China, and the United States. The Netherlands, Italy, Japan, Mexico, and Spain also play significant roles. Learn more about this vibrant and dynamic import market.
