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Republic of Korea - Acetone - Market Analysis, Forecast, Size, Trends And Insights
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View PricingAcetone Price in South Korea - 2022
Contents:
- Acetone Price in South Korea (FOB) - 2022
- Acetone Price in South Korea (CIF) - 2022
- Acetone Exports in South Korea
- Acetone Imports in South Korea
Acetone Price in South Korea (FOB) - 2022
In December 2022, the average acetone export price amounted to $564 per ton, shrinking by -4.3% against the previous month. Overall, the export price saw a mild slump. The pace of growth was the most pronounced in March 2022 when the average export price increased by 9.1% month-to-month. The export price peaked at $743 per ton in April 2022; however, from May 2022 to December 2022, the export prices remained at a lower figure.
Average prices varied somewhat for the major overseas markets. In December 2022, the country with the highest price was Japan ($774 per ton), while the average price for exports to China ($557 per ton) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+1.9%), while the prices for the other major destinations experienced a decline.
Acetone Price in South Korea (CIF) - 2022
In 2021, the average acetone import price amounted to $948 per ton, jumping by 25% against the previous year. Overall, the import price, however, recorded a slight decrease. The growth pace was the most rapid in 2020 an increase of 76%. The import price peaked at $1,207 per ton in 2014; however, from 2015 to 2021, 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 Taiwan (Chinese) ($1,283 per ton), while the price for Singapore ($493 per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+2.7%), while the prices for the other major suppliers experienced a decline.
Acetone Exports in South Korea
In 2022, the amount of acetone exported from South Korea shrank to 222K tons, with a decrease of -3.4% compared with the previous year. Over the period under review, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 7.2%. As a result, the exports attained the peak of 229K tons, and then dropped in the following year.
In value terms, acetone exports dropped to $176M in 2022. Overall, exports, however, showed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 72% against the previous year.
Export of Acetone in South Korea (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
China | 71.2 | 114 | 118 | 28.7% | |
India | 1.1 | 10.1 | 22.5 | 352.3% | |
Mexico | N/A | 3.7 | 11.2 | 202.7% | |
Belgium | 0.8 | N/A | 11.2 | 274.2% | |
Japan | 1.3 | 12.4 | 10.3 | 181.5% | |
Netherlands | 0.2 | 2.8 | 7.4 | 508.3% | |
Brazil | 4.0 | 1.9 | 6.0 | 22.5% | |
United States | 5.5 | N/A | 2.9 | -27.4% | |
Others | 4.5 | 7.1 | 10.7 | 54.2% | |
Total | 88.4 | 153 | 200 | 50.4% |
Top Export Markets for Acetone from South Korea in 2022:
- China (144.9K tons)
- India (26.0K tons)
- Japan (11.6K tons)
- Mexico (10.6K tons)
- Belgium (10.4K tons)
- Netherlands (7.8K tons)
- Brazil (6.0K tons)
- United States (2.3K tons)
Acetone Imports in South Korea
In 2022, overseas purchases of acetone increased by 6.9% to 7.5K tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, continue to indicate a sharp setback.
In value terms, acetone imports reduced to $6.3M in 2022. Overall, imports, however, recorded a deep contraction. The growth pace was the most rapid in 2021 with an increase of 10% against the previous year.
Import of Acetone in South Korea (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
Singapore | 3.1 | 1.7 | 5.5 | 33.2% | |
Japan | 4.9 | 4.1 | 0.8 | -59.6% | |
Others | 0.9 | 0.2 | 0.3 | -42.3% | |
Total | 8.9 | 6.0 | 6.6 | -13.9% |
Top Suppliers of Acetone to South Korea in 2022:
- Singapore (11.1K tons)
- Japan (1.7K tons)
This report provides an in-depth analysis of the acetone 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 20146211 - Acetone
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
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Explore the top import markets for ketone and quinone, including the United States, China, Germany, and more. Understand the key statistics and market trends using IndexBox market intelligence platform.
In 2016, approx. X tons of ketone and quinone were imported worldwide- reducing by -X% against the previous year level. In general, ketone and quinone imports continue to indicate a slight slum...
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