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Republic of Korea - Maize (Corn) Starch - Market Analysis, Forecast, Size, Trends And Insights
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View PricingMaize Starch Price in South Korea - 2022
Contents:
- Maize Starch Price in South Korea (FOB) - 2022
- Maize Starch Price in South Korea (CIF) - 2022
- Maize Starch Exports in South Korea
- Maize Starch Imports in South Korea
Maize Starch Price in South Korea (FOB) - 2022
In December 2022, the average maize starch export price amounted to $605 per ton, dropping by -1.9% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.8%. The most prominent rate of growth was recorded in April 2022 when the average export price increased by 8.4% month-to-month. Over the period under review, the average export prices attained the maximum at $648 per ton in August 2022; however, from September 2022 to December 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major export markets. In December 2022, the country with the highest price was Bangladesh ($922 per ton), while the average price for exports to Taiwan (Chinese) ($544 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 Singapore (+5.5%), while the prices for the other major destinations experienced more modest paces of growth.
Maize Starch Price in South Korea (CIF) - 2022
The average maize starch import price stood at $452 per ton in 2022, flattening at the previous year. In general, the import price continues to indicate a pronounced curtailment. The most prominent rate of growth was recorded in 2018 an increase of 18% against the previous year. Over the period under review, average import prices attained the peak figure at $693 per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($1,515 per ton), while the price for China ($385 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+3.6%), while the prices for the other major suppliers experienced a decline.
Maize Starch Exports in South Korea
After three years of growth, shipments abroad of maize (corn) starch decreased by -1.1% to 42K tons in 2022. The total export volume increased at an average annual rate of +2.4% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 6.1%.
In value terms, maize starch exports shrank to $18M in 2022. The total export value increased at an average annual rate of +2.4% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The growth pace was the most rapid in 2021 when exports increased by 12% against the previous year. As a result, the exports attained the peak of $19M, and then reduced in the following year.
Export of Maize Starch in South Korea (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Malaysia | 9.0 | 8.0 | 5.0 | 7.9 | -4.3% |
Taiwan (Chinese) | 1.6 | 2.7 | 2.4 | 3.7 | 32.2% |
Vietnam | 0.9 | 2.3 | 0.8 | 1.4 | 15.9% |
Indonesia | 1.3 | 1.0 | 0.7 | 1.2 | -2.6% |
Singapore | 0.7 | 0.8 | 0.6 | 0.9 | 8.7% |
Hong Kong SAR | 0.6 | 0.5 | 0.4 | 0.9 | 14.5% |
Bangladesh | 1.2 | 0.7 | 0.4 | 0.8 | -12.6% |
Japan | 0.7 | 0.4 | 0.4 | 0.7 | 0.0% |
Others | 0.8 | 0.7 | 8.2 | 0.6 | -9.1% |
Total | 16.8 | 17.0 | 19.0 | 18.0 | 2.3% |
Top Export Markets for Maize Starch from South Korea in 2022:
- Malaysia (19.5K tons)
- Taiwan (Chinese) (8.9K tons)
- Vietnam (3.5K tons)
- Indonesia (2.4K tons)
- Singapore (2.0K tons)
- Japan (1.7K tons)
- Bangladesh (1.6K tons)
- Hong Kong SAR (1.5K tons)
Maize Starch Imports in South Korea
In 2022, purchases abroad of maize (corn) starch increased by 1.7% to 9.2K tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, continue to indicate a deep reduction.
In value terms, maize starch imports reached $4.2M in 2022. Over the period under review, imports, however, continue to indicate a deep setback.
Import of Maize Starch in South Korea (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 3,193 | 2,547 | 509 | 1,702 | -18.9% |
India | 893 | 574 | 1,287 | 1,639 | 22.4% |
France | 363 | 549 | 124 | 283 | -8.0% |
United States | 169 | 405 | 326 | 263 | 15.9% |
Brazil | N/A | N/A | 1,056 | N/A | 0% |
Others | 950 | 141 | 815 | 279 | -33.5% |
Total | 5,567 | 4,216 | 4,116 | 4,166 | -9.2% |
Top Suppliers of Maize Starch to South Korea in 2022:
- China (4.4K tons)
- India (4.1K tons)
- France (0.3K tons)
- United States (0.2K tons)
This report provides an in-depth analysis of the maize starch 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 10621113 - Maize (corn) starch
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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