Republic of Korea - Chromates, Dichromates And Peroxochromates - Market Analysis, Forecast, Size, Trends And Insights
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View PricingChromates Price in South Korea - 2022
Contents:
- Chromates Price in South Korea (CIF) - 2022
- Chromates Price in South Korea (FOB) - 2022
- Chromates Imports in South Korea
- Chromates Exports in South Korea
Chromates Price in South Korea (CIF) - 2022
The average chromates import price stood at $3,046 per ton in 2022, jumping by 46% against the previous year. Over the period under review, import price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price reached the peak level and is likely to continue 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 Japan ($4,798 per ton), while the price for Russia ($1,898 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+3.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Chromates Price in South Korea (FOB) - 2022
The average chromates export price stood at $6,609 per ton in 2022, with an increase of 58% against the previous year. Overall, export price indicated a prominent increase from 2012 to 2022: its price increased at an average annual rate of +6.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, chromates export price increased by +106.3% against 2016 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Indonesia ($39,302 per ton), while the average price for exports to China ($4,093 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 Indonesia (+11.7%), while the prices for the other major destinations experienced more modest paces of growth.
Chromates Imports in South Korea
In 2022, chromates imports into South Korea contracted notably to 888 tons, with a decrease of -26.6% against the previous year. Over the period under review, imports continue to indicate a abrupt slump. The growth pace was the most rapid in 2021 when imports increased by 3.4%.
In value terms, chromates imports rose remarkably to $2.7M in 2022. Overall, imports continue to indicate a abrupt slump.
Import of Chromates in South Korea (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 873 | 703 | 407 | 1,064 | 6.8% |
United States | 663 | 805 | 488 | 710 | 2.3% |
Kazakhstan | 272 | 816 | 940 | 516 | 23.8% |
India | 3.2 | 2.5 | 378 | 188 | 288.7% |
Japan | 172 | 199 | 233 | 125 | -10.1% |
Russia | 1.2 | 0.3 | 3.2 | 76.0 | 298.6% |
Turkey | 1,365 | 178 | 57.6 | N/A | -79.5% |
Others | 11.3 | 17.2 | 18.8 | 25.1 | 30.5% |
Total | 3,360 | 2,721 | 2,526 | 2,705 | -7.0% |
Top Suppliers of Chromates to South Korea in 2022:
- China (270.6 tons)
- United States (258.5 tons)
- Kazakhstan (240.0 tons)
- India (52.0 tons)
- Russia (40.0 tons)
- Japan (26.1 tons)
Chromates Exports in South Korea
In 2022, approx. 250 tons of chromates, dichromates and peroxochromates were exported from South Korea; which is down by -36.7% against 2021. Overall, exports continue to indicate a precipitous curtailment. The smallest decline of -9% was in 2020.
In value terms, chromates exports totaled $1.7M in 2022. Over the period under review, exports showed a abrupt decline.
Export of Chromates in South Korea (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Japan | 1,587 | 1,291 | 1,362 | 1,009 | -14.0% |
Indonesia | N/A | 0.5 | 9.3 | 365 | 2601.9% |
Vietnam | 363 | 460 | 159 | 175 | -21.6% |
Malaysia | 79.2 | 43.8 | 12.2 | 74.4 | -2.1% |
China | 310 | 225 | 32.8 | 5.4 | -74.1% |
Turkey | 91.7 | 149 | 47.8 | N/A | -27.8% |
Others | 29.7 | 82.9 | 22.3 | 20.8 | -11.2% |
Total | 2,460 | 2,253 | 1,645 | 1,650 | -12.5% |
Top Export Markets for Chromates from South Korea in 2022:
- Japan (193.5 tons)
- Vietnam (31.5 tons)
- Malaysia (13.0 tons)
- Indonesia (9.3 tons)
- China (1.3 tons)
This report provides an in-depth analysis of the chromates 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 20135125 - Chromates and dichromates, peroxochromates
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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