Republic of Korea - Paraformaldehyde - Market Analysis, Forecast, Size, Trends And Insights
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View PricingParaformaldehyde Price in South Korea - 2022
Contents:
- Paraformaldehyde Price in South Korea (CIF) - 2022
- Paraformaldehyde Price in South Korea (FOB) - 2022
- Paraformaldehyde Imports in South Korea
- Paraformaldehyde Exports in South Korea
Paraformaldehyde Price in South Korea (CIF) - 2022
In 2022, the average paraformaldehyde import price amounted to $740 per ton, dropping by -12.8% against the previous year. Overall, the import price showed a mild decrease. The most prominent rate of growth was recorded in 2021 an increase of 41%. Over the period under review, average import prices reached the maximum at $1,003 per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from China ($759 per ton) and the Netherlands ($738 per ton), while the price for the United States ($686 per ton) and Indonesia ($726 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (-0.4%), while the prices for the other major suppliers experienced a decline.
Paraformaldehyde Price in South Korea (FOB) - 2022
The average paraformaldehyde export price stood at $1,987 per ton in 2022, growing by 36% against the previous year. Overall, export price indicated buoyant growth from 2012 to 2022: its price increased at an average annual rate of +6.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, paraformaldehyde export price decreased by -2.0% against 2020 indices. The most prominent rate of growth was recorded in 2013 an increase of 47%. The export price peaked at $2,538 per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($8,270 per ton), while the average price for exports to China ($1,428 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 the United States (+23.0%), while the prices for the other major destinations experienced mixed trend patterns.
Paraformaldehyde Imports in South Korea
In 2022, supplies from abroad of paraformaldehyde decreased by -10% to 25K tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +7.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 25% against the previous year. As a result, imports reached the peak of 28K tons, and then declined in the following year.
In value terms, paraformaldehyde imports declined notably to $19M in 2022. In general, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +7.9% 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 +38.0% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 76%. As a result, imports reached the peak of $24M, and then dropped notably in the following year.
| Import of Paraformaldehyde in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | 4.9 | 5.2 | 8.6 | 7.6 | 15.8% |
| China | 5.3 | 4.1 | 5.9 | 5.2 | -0.6% |
| Spain | 2.6 | 2.1 | 3.2 | 2.9 | 3.7% |
| Indonesia | 0.3 | 0.8 | 1.4 | 1.3 | 63.0% |
| Netherlands | 0.7 | 0.6 | 0.9 | 0.8 | 4.6% |
| United States | 0.8 | 0.7 | 1.0 | 0.8 | 0.0% |
| Others | 0.2 | 0.1 | 2.7 | 0.1 | -20.6% |
| Total | 14.8 | 13.5 | 23.7 | 18.6 | 7.9% |
Top Suppliers of Paraformaldehyde to South Korea in 2022:
- Taiwan (Chinese) (10.3K tons)
- China (6.8K tons)
- Spain (3.9K tons)
- Indonesia (1.8K tons)
- United States (1.2K tons)
- Netherlands (1.0K tons)
Paraformaldehyde Exports in South Korea
In 2022, approx. 16 tons of paraformaldehyde were exported from South Korea; growing by 72% compared with 2021 figures. In general, exports posted significant growth. The pace of growth appeared the most rapid in 2020 when exports increased by 183%. As a result, the exports reached the peak of 25 tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, paraformaldehyde exports surged to $33K in 2022. Over the period under review, exports showed a significant increase. The growth pace was the most rapid in 2020 with an increase of 218%. As a result, the exports reached the peak of $51K. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Paraformaldehyde in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 7.1 | 15.2 | 8.6 | 20.5 | 42.4% |
| Taiwan (Chinese) | 5.6 | 6.3 | 0.8 | 8.0 | 12.6% |
| India | 1.0 | 0.8 | 0.5 | 0.9 | -3.5% |
| Malaysia | 0.8 | 0.3 | 0.2 | 0.8 | 0.0% |
| Ireland | N/A | 2.9 | N/A | N/A | 0% |
| United States | N/A | 24.4 | 2.7 | N/A | -88.9% |
| Others | 1.7 | 1.6 | 1.2 | 2.5 | 13.7% |
| Total | 16.2 | 51.4 | 14.0 | 32.7 | 26.4% |
Top Export Markets for Paraformaldehyde from South Korea in 2022:
- China (14.3 tons)
- Taiwan (Chinese) (1.0 tons)
- India (0.6 tons)
- Malaysia (0.3 tons)
This report provides an in-depth analysis of the paraformaldehyde 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 20146160 - Paraformaldehyde
Country coverage:
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
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