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Republic of Korea - Dextrins And Other Modified Starches - Market Analysis, Forecast, Size, Trends And Insights
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View PricingModified Starches Price in South Korea - 2022
Contents:
- Modified Starches Price in South Korea (CIF) - 2022
- Modified Starches Price in South Korea (FOB) - 2022
- Modified Starches Imports in South Korea
- Modified Starches Exports in South Korea
Modified Starches Price in South Korea (CIF) - 2022
In 2022, the average modified starches import price amounted to $991 per ton, increasing by 3.6% against the previous year. Over the last decade, it increased at an average annual rate of +1.1%. The pace of growth appeared the most rapid in 2018 an increase of 8%. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain growth in the near future.
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 the United States ($1,951 per ton), while the price for Vietnam ($688 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+11.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Modified Starches Price in South Korea (FOB) - 2022
In 2022, the average modified starches export price amounted to $3,012 per ton, rising by 29% against the previous year. Over the period under review, the export price continues to indicate buoyant growth. The most prominent rate of growth was recorded in 2018 when the average export price increased by 170%. Over the period under review, the average export prices attained the maximum in 2022 and is expected to retain growth in the immediate term.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($6,597 per ton), while the average price for exports to the Philippines ($493 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 China (+16.4%), while the prices for the other major destinations experienced more modest paces of growth.
Modified Starches Imports in South Korea
For the fourth year in a row, South Korea recorded growth in supplies from abroad of dextrins and other modified starches, which increased by 13% to 146K tons in 2022. The total import volume increased at an average annual rate of +8.5% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, modified starches imports skyrocketed to $145M in 2022. The total import value increased at an average annual rate of +12.1% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
Import of Modified Starches in South Korea (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Thailand | 54.1 | 59.0 | 68.8 | 82.0 | 14.9% |
Netherlands | 8.4 | 11.7 | 12.0 | 12.5 | 14.2% |
United States | 6.9 | 8.9 | 8.9 | 11.4 | 18.2% |
Germany | 12.5 | 12.6 | 11.2 | 10.1 | -6.9% |
Denmark | 7.3 | 7.0 | 7.4 | 8.9 | 6.8% |
France | 1.3 | 1.1 | 4.1 | 5.9 | 65.6% |
Vietnam | 1.2 | 1.6 | 3.0 | 4.1 | 50.6% |
Italy | 3.0 | 2.8 | 1.9 | 2.7 | -3.5% |
China | 2.9 | 2.2 | 1.0 | 2.5 | -4.8% |
Others | 5.5 | 5.1 | 5.6 | 5.1 | -2.5% |
Total | 103 | 112 | 124 | 145 | 12.1% |
Top Suppliers of Modified Starches to South Korea in 2022:
- Thailand (94.8K tons)
- Netherlands (10.7K tons)
- Germany (10.5K tons)
- Denmark (9.2K tons)
- Vietnam (5.9K tons)
- United States (5.8K tons)
- France (4.1K tons)
- Italy (2.4K tons)
- China (1.3K tons)
Modified Starches Exports in South Korea
In 2022, overseas shipments of dextrins and other modified starches decreased by -33% to 685 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports saw a abrupt curtailment. The growth pace was the most rapid in 2020 when exports increased by 21%.
In value terms, modified starches exports fell to $2.1M in 2022. Overall, exports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 15%. As a result, the exports attained the peak of $2.4M, and then declined in the following year.
Export of Modified Starches in South Korea (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 707 | 409 | 563 | 543 | -8.4% |
Taiwan (Chinese) | 152 | 157 | 166 | 332 | 29.7% |
Indonesia | 317 | 121 | 55.9 | 213 | -12.4% |
United States | 106 | 8.2 | 31.5 | 209 | 25.4% |
Thailand | 190 | 293 | 196 | 157 | -6.2% |
Vietnam | 120 | 128 | 127 | 148 | 7.2% |
Australia | 5.6 | N/A | N/A | 113 | 172.2% |
India | 62.5 | 103 | 112 | 100 | 17.0% |
Japan | 231 | 590 | 838 | 92.7 | -26.2% |
Bangladesh | 37.2 | 34.5 | 8.9 | 25.6 | -11.7% |
Philippines | 27.2 | 123 | 155 | 0.3 | -77.7% |
Others | 156 | 110 | 127 | 132 | -5.4% |
Total | 2,110 | 2,077 | 2,382 | 2,064 | -0.7% |
Top Export Markets for Modified Starches from South Korea in 2022:
- China (141.6 tons)
- Taiwan (Chinese) (115.7 tons)
- Vietnam (83.9 tons)
- Thailand (71.5 tons)
- Indonesia (64.9 tons)
- Australia (63.6 tons)
- United States (31.6 tons)
- India (31.2 tons)
- Japan (27.3 tons)
- Bangladesh (10.1 tons)
- Philippines (0.6 tons)
This report provides an in-depth analysis of the modified starches 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 10621170 - Dextrins and other modified starches (including esterified or etherified, soluble starch, pregelatinised or swelling starch, d ialdehyde starch, starch treated with formaldehyde or epichlorohydrin)
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
This report provides an in-depth analysis of the modified starches market in Republic of Korea.
This report provides an in-depth analysis of the starch glue market in Republic of Korea.
This report provides an in-depth analysis of the global modified starches market.
This report provides an in-depth analysis of the global starch glue market.
This report provides an in-depth analysis of the modified starches market in Republic of Korea.
This report provides an in-depth analysis of the starch glue market in Republic of Korea.
This report provides an in-depth analysis of the global modified starches market.
This report provides an in-depth analysis of the global starch glue market.
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Discover the leading countries in the global import market for modified starches and the trends shaping the industry.
Learn about the projected growth of the global modified starch market from 2023 to 2030, with an expected increase in market volume to 20M tons and market value to $30.7B.
The global modified starches market revenue amounted to $15.9B in 2017, reducing by -3.6% against the previous year. This ...