Republic of Korea - Salicylic Acid And Its Salts - Market Analysis, Forecast, Size, Trends And Insights
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View PricingSalicylic Acid Price in South Korea - 2022
Contents:
- Salicylic Acid Price in South Korea (CIF) - 2022
- Salicylic Acid Price in South Korea (FOB) - 2022
- Salicylic Acid Imports in South Korea
- Salicylic Acid Exports in South Korea
Salicylic Acid Price in South Korea (CIF) - 2022
In 2021, the average salicylic acid import price amounted to $4,461 per ton, picking up by 12% against the previous year. Overall, the import price, however, showed a mild slump. The most prominent rate of growth was recorded in 2014 an increase of 34%. As a result, import price reached the peak level of $7,241 per ton. From 2015 to 2021, the average import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($6,371 per ton), while the price for China ($3,835 per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+4.9%), while the prices for the other major suppliers experienced a decline.
Salicylic Acid Price in South Korea (FOB) - 2022
In 2021, the average salicylic acid export price amounted to $25,730 per ton, jumping by 33% against the previous year. In general, the export price saw a resilient increase. The most prominent rate of growth was recorded in 2019 an increase of 238%. Over the period under review, the average export prices reached the maximum in 2021 and is expected to retain growth in years to come.
There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Malaysia ($45,559 per ton), while the average price for exports to Japan ($6,445 per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+14.3%), while the prices for the other major destinations experienced more modest paces of growth.
Salicylic Acid Imports in South Korea
Salicylic acid imports into South Korea dropped significantly to 291 tons in 2022, reducing by -37.6% on the previous year. Overall, imports, however, recorded a resilient increase. The pace of growth appeared the most rapid in 2021 with an increase of 302% against the previous year. As a result, imports attained the peak of 466 tons, and then fell significantly in the following year.
In value terms, salicylic acid imports fell markedly to $1.3M in 2022. Over the period under review, imports, however, saw a strong expansion. The most prominent rate of growth was recorded in 2021 with an increase of 348% against the previous year. As a result, imports attained the peak of $2.1M, and then contracted remarkably in the following year.
Import of Salicylic Acid in South Korea (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
China | 576 | 228 | 1,102 | 38.3% | |
France | 275 | 197 | 842 | 75.0% | |
Others | 80.6 | 38.1 | 134 | 28.9% | |
Total | 931 | 463 | 2,078 | 49.4% |
Top Suppliers of Salicylic Acid to South Korea in 2022:
- China (287.3 tons)
- France (174.0 tons)
Salicylic Acid Exports in South Korea
In 2022, after three years of growth, there was significant decline in shipments abroad of salicylic acid and its salts, when their volume decreased by -37.5% to 50 tons. Overall, exports, however, saw significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 301%. As a result, the exports attained the peak of 80 tons, and then shrank markedly in the following year.
In value terms, salicylic acid exports declined significantly to $1.2M in 2022. In general, exports, however, posted a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 434% against the previous year. As a result, the exports reached the peak of $2M, and then reduced notably in the following year.
Export of Salicylic Acid in South Korea (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
United States | 1.6 | 30.7 | 155 | 884.3% | |
China | 13.4 | 216 | 143 | 226.7% | |
Italy | 24.6 | 62.3 | 79.2 | 79.4% | |
Malaysia | 0.9 | 6.1 | 23.1 | 406.6% | |
Indonesia | 0.3 | 5.6 | 16.9 | 650.6% | |
United Kingdom | 1.3 | 5.9 | 16.2 | 253.0% | |
Thailand | 0.5 | 2.0 | 5.1 | 219.4% | |
Sweden | N/A | 31.6 | N/A | 0% | |
United Arab Emirates | 115 | N/A | N/A | 0% | |
Others | 7.0 | 23.1 | 1,609 | 1416.1% | |
Total | 164 | 383 | 2,047 | 253.3% |
Top Export Markets for Salicylic Acid from South Korea in 2022:
- China (4.5 tons)
- United States (3.9 tons)
- Italy (1.8 tons)
- Indonesia (0.7 tons)
- United Kingdom (0.6 tons)
- Malaysia (0.5 tons)
- Thailand (0.3 tons)
This report provides an in-depth analysis of the salicylic 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 2030.
Product coverage:
- Prodcom 21101030 - Salicylic acid and its salts
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
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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
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