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Republic of Korea - Ethyl Acetate - Market Analysis, Forecast, Size, Trends And Insights
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View PricingEthyl Acetate Price in South Korea - 2022
Contents:
- Ethyl Acetate Price in South Korea (CIF) - 2022
- Ethyl Acetate Price in South Korea (FOB) - 2022
- Ethyl Acetate Imports in South Korea
- Ethyl Acetate Exports in South Korea
Ethyl Acetate Price in South Korea (CIF) - 2022
The average ethyl acetate import price stood at $943 per ton in December 2022, rising by 7.1% against the previous month. In general, the import price, however, continues to indicate a perceptible decline. The pace of growth was the most pronounced in June 2022 an increase of 219% against the previous month. As a result, import price reached the peak level of $3,614 per ton. From July 2022 to December 2022, the average import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for China.
From December 2021 to December 2022, the rate of growth in terms of prices for China amounted to -3.7% per month.
Ethyl Acetate Price in South Korea (FOB) - 2022
In December 2022, the average ethyl acetate export price amounted to $1,100 per ton, dropping by -40.3% against the previous month. In general, the export price recorded a abrupt decrease. The growth pace was the most rapid in November 2022 when the average export price increased by 105% against the previous month. The export price peaked at $2,279 per ton in December 2021; however, from January 2022 to December 2022, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Vietnam ($2,591 per ton), while the average price for exports to Turkey ($880 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 Lithuania (0.0%), while the prices for the other major destinations experienced mixed trend patterns.
Ethyl Acetate Imports in South Korea
In 2022, supplies from abroad of ethyl acetate increased by 3.7% to 32K tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, saw a perceptible descent.
In value terms, ethyl acetate imports contracted sharply to $33M in 2022. Over the period under review, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +6.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +28.6% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 57% against the previous year. As a result, imports attained the peak of $40M, and then reduced markedly in the following year.
Import of Ethyl Acetate in South Korea (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 20.5 | 18.8 | 27.9 | 22.8 | 3.6% |
Saudi Arabia | 5.8 | 5.0 | 11.4 | 9.3 | 17.0% |
United Kingdom | 0.2 | 1.2 | 0.3 | 0.3 | 14.5% |
Others | 0.8 | 0.6 | 0.6 | 0.5 | -14.5% |
Total | 27.3 | 25.6 | 40.2 | 32.9 | 6.4% |
Top Suppliers of Ethyl Acetate to South Korea in 2022:
- China (23.3K tons)
- Saudi Arabia (8.4K tons)
- United Kingdom (0.3K tons)
Ethyl Acetate Exports in South Korea
In 2022, the amount of ethyl acetate exported from South Korea surged to 5.5K tons, increasing by 92% compared with the year before. Over the period under review, exports showed a significant expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 1,233% against the previous year. As a result, the exports reached the peak of 6.8K tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, ethyl acetate exports soared to $5.3M in 2022. Overall, exports showed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 759%. As a result, the exports attained the peak of $6.5M. From 2021 to 2022, the growth of the exports failed to regain momentum.
Export of Ethyl Acetate in South Korea (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Netherlands | 496 | 3,667 | 1,558 | 2,075 | 61.1% |
Japan | 47.4 | 173 | 134 | 1,351 | 205.5% |
Thailand | 59.7 | 326 | 82.2 | 612 | 117.2% |
Vietnam | 40.3 | 457 | 244 | 300 | 95.3% |
Bangladesh | 6.3 | 234 | 190 | 233 | 233.2% |
New Zealand | 22.2 | 180 | 84.2 | 123 | 77.0% |
Egypt | 1.5 | 24.8 | 15.4 | 67.2 | 255.2% |
Turkey | N/A | 571 | 437 | N/A | -23.5% |
Others | 79.1 | 832 | 1,460 | 575 | 93.7% |
Total | 753 | 6,466 | 4,205 | 5,335 | 92.1% |
Top Export Markets for Ethyl Acetate from South Korea in 2022:
- Netherlands (1911.7 tons)
- Japan (1483.6 tons)
- Thailand (1070.2 tons)
- Bangladesh (245.4 tons)
- New Zealand (156.2 tons)
- Vietnam (143.3 tons)
- Egypt (86.0 tons)
This report provides an in-depth analysis of the ethyl acetate 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 20143215 - Ethyl acetate
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
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