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Republic of Korea - Carbon (Carbon Blacks And Other Forms Of Carbon) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingCarbon Price in South Korea - 2022
Contents:
- Carbon Price in South Korea (FOB) - 2022
- Carbon Price in South Korea (CIF) - 2022
- Carbon Exports in South Korea
- Carbon Imports in South Korea
Carbon Price in South Korea (FOB) - 2022
In December 2022, the average carbon export price amounted to $1,529 per ton, shrinking by -3.5% against the previous month. Over the period from December 2021 to December 2022, it increased at an average monthly rate of +1.1%. The most prominent rate of growth was recorded in July 2022 when the average export price increased by 5.1% m-o-m. Over the period under review, the average export prices attained the maximum at $1,721 per ton in August 2022; however, from September 2022 to December 2022, the export prices failed to regain momentum.
Average prices varied somewhat for the major overseas markets. In December 2022, the countries with the highest prices were China ($1,781 per ton) and Japan ($1,606 per ton), while the average price for exports to Thailand ($1,365 per ton) and India ($1,461 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 Japan (+2.0%), while the prices for the other major destinations experienced more modest paces of growth.
Carbon Price in South Korea (CIF) - 2022
In 2022, the average carbon import price amounted to $2,773 per ton, surging by 30% against the previous year. Over the period under review, import price indicated a pronounced expansion from 2012 to 2022: its price increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, carbon import price increased by +47.1% against 2020 indices. The most prominent rate of growth was recorded in 2017 an increase of 32% against the previous year. Over the period under review, average import prices attained the peak figure in 2022 and is expected to retain growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Singapore ($8,875 per ton), while the price for India ($1,438 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+5.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Carbon Exports in South Korea
After three years of growth, overseas shipments of carbon (carbon blacks and other forms of carbon) decreased by -8% to 269K tons in 2022. The total export volume increased at an average annual rate of +2.8% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2020 when exports increased by 14%.
In value terms, carbon exports soared to $420M in 2022. In general, total exports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +12.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +63.4% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 41%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in years to come.
Export of Carbon in South Korea (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Indonesia | 68.0 | 54.6 | 102 | 129 | 23.8% |
Thailand | 19.4 | 21.6 | 39.3 | 63.5 | 48.5% |
Japan | 32.7 | 27.6 | 51.3 | 62.3 | 24.0% |
Vietnam | 19.4 | 18.2 | 24.8 | 35.9 | 22.8% |
China | 29.7 | 32.2 | 40.3 | 33.9 | 4.5% |
India | 66.0 | 42.1 | 38.1 | 26.1 | -26.6% |
Taiwan (Chinese) | 7.5 | 6.2 | 10.3 | 13.6 | 21.9% |
Malaysia | 8.5 | 11.4 | 13.6 | 12.9 | 14.9% |
Philippines | 13.8 | 9.4 | 12.1 | 9.5 | -11.7% |
United States | 10.8 | 7.4 | 6.3 | 8.2 | -8.8% |
Others | 19.7 | 26.6 | 26.1 | 25.3 | 8.7% |
Total | 295 | 257 | 364 | 420 | 12.5% |
Top Export Markets for Carbon from South Korea in 2022:
- Indonesia (90.4K tons)
- Thailand (42.0K tons)
- Japan (40.9K tons)
- Vietnam (23.3K tons)
- China (16.1K tons)
- India (15.0K tons)
- Taiwan (Chinese) (8.3K tons)
- Malaysia (8.2K tons)
- Philippines (6.4K tons)
- United States (3.9K tons)
Carbon Imports in South Korea
In 2022, supplies from abroad of carbon (carbon blacks and other forms of carbon) decreased by -16.5% to 35K tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2020 with an increase of 1.7%.
In value terms, carbon imports expanded significantly to $97M in 2022. The total import value increased at an average annual rate of +2.5% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 13%. Over the period under review, imports attained the maximum in 2022 and are likely to see gradual growth in the immediate term.
Import of Carbon in South Korea (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
India | 15.5 | 10.6 | 14.7 | 21.9 | 12.2% |
Japan | 19.9 | 15.3 | 14.7 | 16.2 | -6.6% |
China | 14.8 | 16.5 | 18.1 | 14.0 | -1.8% |
United States | 12.8 | 13.1 | 14.6 | 13.8 | 2.5% |
Germany | 8.3 | 7.8 | 9.2 | 12.1 | 13.4% |
Canada | 4.7 | 4.0 | 5.3 | 6.6 | 12.0% |
Netherlands | 2.7 | 2.3 | 3.4 | 3.6 | 10.1% |
Thailand | 2.6 | 1.4 | 1.3 | 0.3 | -51.3% |
Others | 9.2 | 8.3 | 8.5 | 9.1 | -0.4% |
Total | 90.4 | 79.2 | 89.9 | 97.4 | 2.5% |
Top Suppliers of Carbon to South Korea in 2022:
- India (15.2K tons)
- China (6.9K tons)
- Canada (3.7K tons)
- United States (2.4K tons)
- Japan (2.1K tons)
- Germany (1.8K tons)
- Netherlands (0.7K tons)
- Thailand (0.2K tons)
This report provides an in-depth analysis of the carbon 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 20132130 - Carbon (carbon blacks and other forms of carbon, n.e.c.)
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
This report provides an in-depth analysis of the carbon market in Republic of Korea.
This report provides an in-depth analysis of the global carbon market.
This report provides an in-depth analysis of the carbon market in Republic of Korea.
This report provides an in-depth analysis of the global carbon market.
Discover the top import markets for carbon based on the latest data from IndexBox. Learn about the key countries driving the global carbon trade.
Discover the top import markets for carbon based on the latest data from IndexBox. Learn about the key countries driving the global carbon trade.