![Republic of Korea - Epoxide Resins In Primary Forms - Market Analysis, Forecast, Size, Trends And Insights](/landing/img/reports/republic-of-korea-epoxide-resins-in-primary-forms-market-analysis-forecast-size-trends-and-insights.webp)
Republic of Korea - Epoxide Resins In Primary Forms - Market Analysis, Forecast, Size, Trends And Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingEpoxide Resin Price in South Korea - 2022
Contents:
- Epoxide Resin Price in South Korea (FOB) - 2022
- Epoxide Resin Price in South Korea (CIF) - 2022
- Epoxide Resin Exports in South Korea
- Epoxide Resin Imports in South Korea
Epoxide Resin Price in South Korea (FOB) - 2022
In 2022, the average epoxide resin export price amounted to $4,755 per ton, rising by 8.1% against the previous year. Overall, export price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, epoxide resin export price increased by +93.1% against 2020 indices. The pace of growth was the most pronounced in 2021 an increase of 79% against the previous year. The export price peaked in 2022 and is expected to retain growth in the immediate term.
Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Vietnam ($4,062 per ton) and the United States ($3,956 per ton), while the average price for exports to India ($2,902 per ton) and Spain ($3,041 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+4.1%), while the prices for the other major destinations experienced more modest paces of growth.
Epoxide Resin Price in South Korea (CIF) - 2022
In December 2022, the average epoxide resin import price amounted to $11,279 per ton, increasing by 2.6% against the previous month. In general, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in July 2022 an increase of 54% month-to-month. Over the period under review, average import prices attained the peak figure at $13,814 per ton in October 2022; however, from November 2022 to December 2022, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In December 2022, the country with the highest price was the Netherlands ($44,874 per ton), while the price for Thailand ($2,420 per ton) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by the United States (+8.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Epoxide Resin Exports in South Korea
After three years of growth, overseas shipments of epoxide resins decreased by -16.7% to 311K tons in 2022. Over the period under review, exports continue to indicate a mild slump. The most prominent rate of growth was recorded in 2021 with an increase of 8.4% against the previous year. As a result, the exports reached the peak of 373K tons, and then dropped significantly in the following year.
In value terms, epoxide resin exports dropped to $1.5B in 2022. In general, exports, however, saw prominent growth. The pace of growth was the most pronounced in 2021 with an increase of 94% against the previous year. As a result, the exports attained the peak of $1.6B, and then declined in the following year.
Export of Epoxide Resin in South Korea (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 119 | 91.1 | 298 | 273 | 31.9% |
China | 257 | 319 | 299 | 273 | 2.0% |
India | 40.9 | 34.9 | 75.5 | 69.1 | 19.1% |
Russia | 26.5 | 30.8 | 57.8 | 52.9 | 25.9% |
Turkey | 28.9 | 24.1 | 56.4 | 52.4 | 21.9% |
Netherlands | 30.1 | 21.6 | 52.5 | 48.0 | 16.8% |
Japan | 44.2 | 37.7 | 50.0 | 45.7 | 1.1% |
Italy | 14.6 | 16.8 | 36.2 | 33.1 | 31.4% |
Vietnam | 35.5 | 35.9 | 35.1 | 32.1 | -3.3% |
Indonesia | 21.4 | 18.5 | 31.0 | 28.4 | 9.9% |
United Arab Emirates | 8.8 | 13.2 | 23.3 | 21.3 | 34.3% |
United Kingdom | 7.4 | 7.1 | 22.9 | 21.0 | 41.6% |
Spain | 18.2 | 11.7 | 20.4 | 18.6 | 0.7% |
Others | 206 | 185 | 584 | 508 | 35.1% |
Total | 858 | 847 | 1,642 | 1,477 | 19.8% |
Top Export Markets for Epoxide Resin from South Korea in 2022:
- China (86.6K tons)
- United States (69.0K tons)
- India (23.8K tons)
- Turkey (15.0K tons)
- Netherlands (14.5K tons)
- Russia (14.4K tons)
- Japan (13.8K tons)
- Indonesia (9.0K tons)
- Italy (8.4K tons)
- Vietnam (7.9K tons)
- United Arab Emirates (6.1K tons)
- Spain (6.1K tons)
- United Kingdom (6.0K tons)
Epoxide Resin Imports in South Korea
In 2022, approx. 23K tons of epoxide resins were imported into South Korea; with a decrease of -2.1% on the previous year. The total import volume increased at an average annual rate of +5.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 27%. As a result, imports reached the peak of 24K tons, and then reduced modestly in the following year.
In value terms, epoxide resin imports dropped notably to $146M in 2022. In general, total imports indicated a mild expansion from 2019 to 2022: its value increased at an average annual rate of +1.3% 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 +3.9% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 39% against the previous year. As a result, imports reached the peak of $202M, and then declined rapidly in the following year.
Import of Epoxide Resin in South Korea (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Japan | 66.7 | 62.0 | 81.4 | 72.3 | 2.7% |
China | 13.0 | 15.0 | 31.2 | 27.8 | 28.8% |
United States | 27.8 | 20.8 | 29.1 | 25.8 | -2.5% |
Germany | 7.8 | 5.1 | 5.0 | 5.1 | -13.2% |
Netherlands | 0.8 | 1.4 | 2.6 | 2.3 | 42.2% |
Taiwan (Chinese) | 0.4 | 1.4 | 2.5 | 2.2 | 76.5% |
Thailand | 0.1 | 0.1 | 0.3 | 1.0 | 115.4% |
Others | 24.0 | 39.0 | 49.5 | 9.5 | -26.6% |
Total | 141 | 145 | 202 | 146 | 1.2% |
Top Suppliers of Epoxide Resin to South Korea in 2022:
- United States (12.5K tons)
- China (8.7K tons)
- Japan (4.2K tons)
- Germany (2.5K tons)
- Netherlands (1.0K tons)
- Taiwan (Chinese) (0.7K tons)
- Thailand (0.5K tons)
This report provides an in-depth analysis of the epoxide resin 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 20164030 - Epoxide resins, in primary forms
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.
-
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
-
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
-
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
-
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
-
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
-
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
-
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 epoxide resin market in Republic of Korea.
This report provides an in-depth analysis of the polycarbonate market in Republic of Korea.
This report provides an in-depth analysis of the market for polyethylene terephthalate and other polyethylene terephthalate in primary forms in Republic of Korea.
This report provides an in-depth analysis of the alkyd resins market in Republic of Korea.
This report provides an in-depth analysis of the polyacetals market in Republic of Korea.
This report provides an in-depth analysis of the market for polyethylene glycol and polyether in Republic of Korea.
This report provides an in-depth analysis of the market for unsaturated polyesters in primary forms in Republic of Korea.
This report provides an in-depth analysis of the market for polyesters in primary forms in Republic of Korea.
This report provides an in-depth analysis of the global epoxide resin market.
This report provides an in-depth analysis of the global polycarbonate market.
Explore the top import markets for epoxide resin around the world, including key statistics and insights. Learn about the leading countries driving the growth of the global epoxide resin market.
In value terms, epoxides, epoxyalcohols, epoxyphenols and epoxyethers imports stood at $X in 2016. In general, epoxides, epoxyalcohols, epoxyphenols and epoxyethers imports continue to indicate a p...
In value terms, epoxides, epoxyalcohols, epoxyphenols and epoxyethers exports amounted to $X in 2016. Overall, epoxides, epoxyalcohols, epoxyphenols and epoxyethers exports continue to indicate a m...
Discover the latest trends in the global polycarbonates market as demand for primary forms continues to rise. Market performance is projected to accelerate with an expected CAGR of +3.2% from 2023 to 2030, reaching 7.9M tons by the end of the period.
Discover the top import markets for polycarbonate, including China, Mexico, Germany, India, and Hong Kong SAR. Explore their import values and understand the dynamics of the global polycarbonate market.
In 2016, the amount of polycarbonate imported worldwide stood at X tons, going up by X% against the previous year figure. The total import volume increased at an average annual rate of +X% over ...
In 2016, the amount of polycarbonate imported worldwide stood at X tons, going up by X% against the previous year figure. The total import volume increased at an average annual rate of +X% over ...
Discover the top countries by import value of polyacetals in 2023 and delve into the key statistics and market insights. Learn about the significant role these markets play in the global trade of engineering plastics.
Explore the top import markets for polyethylene glycol and polyether, including China, Germany, and India. Learn about the key statistics and data from the IndexBox market intelligence platform.
Explore the top import markets for polyesters in primary forms and their key statistics. Find out which countries lead the global import market for polyesters and understand the factors driving their demand.