Republic of Korea - Cyclic Hydrocarbons - Market Analysis, Forecast, Size, Trends and Insights
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View PricingCyclic Hydrocarbons Price in South Korea - 2022
Contents:
- Cyclic Hydrocarbons Price in South Korea (FOB) - 2022
- Cyclic Hydrocarbons Price in South Korea (CIF) - 2022
- Cyclic Hydrocarbons Exports in South Korea
- Cyclic Hydrocarbons Imports in South Korea
Cyclic Hydrocarbons Price in South Korea (FOB) - 2022
In December 2022, the average cyclic hydrocarbons export price amounted to $903 per ton, waning by -4.7% against the previous month. In general, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in February 2022 when the average export price increased by 11% month-to-month. Over the period under review, the average export prices attained the maximum at $1,297 per ton in June 2022; however, from July 2022 to December 2022, the export prices stood at a somewhat lower figure.
Average prices varied noticeably for the major foreign markets. In December 2022, the countries with the highest prices were Hong Kong SAR ($946 per ton) and Mexico ($911 per ton), while the average price for exports to Malaysia ($865 per ton) and the United States ($881 per ton) were amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+0.3%), while the prices for the other major destinations experienced mixed trend patterns.
Cyclic Hydrocarbons Price in South Korea (CIF) - 2022
The average cyclic hydrocarbons import price stood at $1,015 per ton in December 2022, with an increase of 2.4% against the previous month. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in March 2022 an increase of 12% against the previous month. The import price peaked at $1,331 per ton in July 2022; however, from August 2022 to December 2022, import prices failed to regain momentum.
Average prices varied somewhat amongst the major supplying countries. In December 2022, the countries with the highest prices were China ($1,145 per ton) and Kuwait ($1,036 per ton), while the price for Taiwan (Chinese) ($777 per ton) and Japan ($944 per ton) were amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+0.4%), while the prices for the other major suppliers experienced mixed trend patterns.
Cyclic Hydrocarbons Exports in South Korea
In 2022, cyclic hydrocarbons exports from South Korea dropped to 9M tons, waning by -7.8% compared with the previous year's figure. Overall, exports recorded a deep contraction. The growth pace was the most rapid in 2021 with an increase of 0.9% against the previous year.
In value terms, cyclic hydrocarbons exports rose remarkably to $9.7B in 2022. Over the period under review, total exports indicated a noticeable expansion from 2019 to 2022: its value increased at an average annual rate of +2.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +79.5% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by 58%. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.
Export of Cyclic Hydrocarbons in South Korea (Billion USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 6.3 | 3.7 | 6.0 | 6.3 | 0.0% |
United States | 0.7 | 0.3 | 0.4 | 1.2 | 19.7% |
Taiwan (Chinese) | 1.1 | 0.8 | 1.3 | 1.1 | 0.0% |
India | 0.2 | 0.1 | 0.2 | 0.3 | 14.5% |
Hong Kong SAR | 0.2 | 0.2 | 0.3 | 0.3 | 14.5% |
Japan | 0.2 | 0.1 | 0.2 | 0.2 | 0.0% |
Others | 0.4 | 0.2 | 0.2 | 0.4 | 0.0% |
Total | 9.0 | 5.4 | 8.6 | 9.7 | 2.5% |
Top Export Markets for Cyclic Hydrocarbons from South Korea in 2022:
- China (6.0M tons)
- United States (1.1M tons)
- Taiwan (Chinese) (1.0M tons)
- India (0.3M tons)
- Japan (0.2M tons)
- Hong Kong SAR (0.2M tons)
Cyclic Hydrocarbons Imports in South Korea
After two years of decline, purchases abroad of cyclic hydrocarbons increased by 4.3% to 1.3M tons in 2022. In general, imports, however, saw a mild decline.
In value terms, cyclic hydrocarbons imports skyrocketed to $1.5B in 2022. Overall, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +8.5% 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 +63.8% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 30%. Over the period under review, imports attained the maximum in 2022 and are likely to continue growth in years to come.
Import of Cyclic Hydrocarbons in South Korea (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Japan | 638 | 417 | 683 | 703 | 3.3% |
China | 93.5 | 97.7 | 185 | 592 | 85.0% |
Taiwan (Chinese) | 82.3 | 74.3 | 111 | 111 | 10.5% |
Saudi Arabia | 11.8 | 6.4 | 28.8 | 58.1 | 70.1% |
United States | 309 | 297 | 127 | 22.1 | -58.5% |
Others | 56.8 | 36.7 | 72.1 | 34.6 | -15.2% |
Total | 1,191 | 929 | 1,207 | 1,521 | 8.5% |
Top Suppliers of Cyclic Hydrocarbons to South Korea in 2022:
- Japan (640.7K tons)
- China (455.3K tons)
- Taiwan (Chinese) (112.5K tons)
- Saudi Arabia (46.9K tons)
- United States (11.0K tons)
This report provides an in-depth analysis of the cyclic hydrocarbons 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 20141213 - Cyclohexane
- Prodcom 20141215 - Cyclanes, cyclenes and cycloterpenes (excluding cyclohexane)
- Prodcom 20141223 - Benzene
- Prodcom 20141225 - Toluene
- Prodcom 20141243 - o-Xylene
- Prodcom 20141245 - p-Xylene
- Prodcom 20141247 - m-Xylene and mixed xylene isomers
- Prodcom 20141250 - Styrene
- Prodcom 20141260 - Ethylbenzene
- Prodcom 20141270 - Cumene
- Prodcom 20141290 - Other cyclic hydrocarbons
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
This report provides an in-depth analysis of the cyclic hydrocarbons market in Republic of Korea.
This report provides an in-depth analysis of the benzene market in Republic of Korea.
This report provides an in-depth analysis of the cumene market in Republic of Korea.
This report provides an in-depth analysis of the market for cyclanes, cyclenes and cycloterpenes in Republic of Korea.
This report provides an in-depth analysis of the cyclohexane market in Republic of Korea.
This report provides an in-depth analysis of the ethylbenzene market in Republic of Korea.
This report provides an in-depth analysis of the m-xylene and xylenes market in Republic of Korea.
This report provides an in-depth analysis of the o-xylene market in Republic of Korea.
This report provides an in-depth analysis of the cyclic hydrocarbons market in Republic of Korea.
This report provides an in-depth analysis of the p-xylene market in Republic of Korea.
From January-October 2021, South Korea supplied abroad 2.0M tons of benzene, which was 10% more than in the same period a year earlier. Due to rising prices, exports in value terms spiked more than twofold, reaching $1.8B. Most of the increment was provided by expanded supplies to China and Japan. By the end of this year, the total value of benzene exported from Korea could exceed $2.2B, setting a new record.
Explore the top countries leading in the import of cyclic hydrocarbons, their import values, and key statistics in 2022.
From 2010 to 2020, the average export price for cyclic hydrocarbons dropped nearly twofold, from $1,119 per ton to $615 per ton. That was the lowest level over the past decade.
In 2016, the amount of cyclic hydrocarbon imported worldwide totaled X tons, growing by X% against the previous year figure. The total import volume increased at an average annual rate of +X% ov...
In 2016, the amount of cyclic hydrocarbon imported worldwide totaled X tons, growing by X% against the previous year figure. The total import volume increased at an average annual rate of +X% ov...
The global trade in cyclic hydrocarbons fluctuated strongly over the period under review. A significant drop in 2009 was followed by a robust recovery over the next four years, until exports decreased again. Exports ended on a decline in 2015, amountin
In value terms, petroleum oils and crude bituminous minerals oils imports amounted to $X in 2016. Overall, petroleum oils and crude bituminous minerals oils imports continue to indicate a abrupt co...
In value terms, petroleum oils and not crude bituminous minerals oils imports stood at $X in 2016. In general, petroleum oils and not crude bituminous minerals oils imports continue to indicate a m...
In value terms, petroleum oils and crude bituminous minerals oils exports stood at $X in 2016. Overall, petroleum oils and crude bituminous minerals oils exports continue to indicate a deep setback...
In value terms, petroleum oils and not crude bituminous minerals oils exports totaled $X in 2016. In general, petroleum oils and not crude bituminous minerals oils exports continue to indicate a sl...