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Republic of Korea - Zinc Oxide And Zinc Peroxide - Market Analysis, Forecast, Size, Trends And Insights
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View PricingZinc Oxide Price in South Korea - 2022
Contents:
- Zinc Oxide Price in South Korea (FOB) - 2022
- Zinc Oxide Price in South Korea (CIF) - 2022
- Zinc Oxide Exports in South Korea
- Zinc Oxide Imports in South Korea
Zinc Oxide Price in South Korea (FOB) - 2022
In December 2022, the average zinc oxide export price amounted to $1,588 per ton, increasing by 6.4% against the previous month. Over the period under review, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in September 2022 when the average export price increased by 147% m-o-m. As a result, the export price reached the peak level of $3,612 per ton. From October 2022 to December 2022, the the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In December 2022, the country with the highest price was Thailand ($3,886 per ton), while the average price for exports to Japan ($1,206 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 Mexico (+10.3%), while the prices for the other major destinations experienced more modest paces of growth.
Zinc Oxide Price in South Korea (CIF) - 2022
In 2022, the average zinc oxide import price amounted to $3,832 per ton, increasing by 32% against the previous year. Overall, the import price enjoyed a slight increase. The most prominent rate of growth was recorded in 2017 an increase of 87% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Australia ($13,790 per ton), while the price for China ($1,245 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (+31.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Zinc Oxide Exports in South Korea
In 2022, zinc oxide exports from South Korea reduced to 49K tons, shrinking by -14.2% compared with the previous year. Overall, exports saw a deep reduction. The growth pace was the most rapid in 2021 when exports increased by 2.7%.
In value terms, zinc oxide exports rose rapidly to $88M in 2022. Over the period under review, total exports indicated a perceptible increase from 2019 to 2022: its value increased at an average annual rate of +2.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +55.2% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 45%. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in the near future.
Export of Zinc Oxide in South Korea (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Japan | 25.8 | 17.9 | 34.2 | 37.2 | 13.0% |
Mexico | 29.5 | 16.9 | 12.7 | 18.9 | -13.8% |
Vietnam | 11.8 | 8.4 | 11.2 | 10.5 | -3.8% |
Indonesia | 3.9 | 3.3 | 4.1 | 6.5 | 18.6% |
Philippines | 0.2 | 1.1 | 4.9 | 6.1 | 212.4% |
Thailand | 1.1 | 3.0 | 8.0 | 3.5 | 47.1% |
Taiwan (Chinese) | 3.2 | 0.7 | 1.1 | 1.2 | -27.9% |
Others | 6.3 | 5.2 | 6.0 | 4.0 | -14.1% |
Total | 81.7 | 56.6 | 82.1 | 87.8 | 2.4% |
Top Export Markets for Zinc Oxide from South Korea in 2022:
- Japan (25.2K tons)
- Mexico (13.7K tons)
- Vietnam (2.8K tons)
- Indonesia (1.8K tons)
- Philippines (1.7K tons)
- Thailand (1.6K tons)
- Taiwan (Chinese) (0.8K tons)
Zinc Oxide Imports in South Korea
In 2022, purchases abroad of zinc oxide and zinc peroxide decreased by -22.5% to 2.7K tons, falling for the second year in a row after two years of growth. Over the period under review, imports, however, continue to indicate a prominent increase. The pace of growth appeared the most rapid in 2020 with an increase of 293%. As a result, imports attained the peak of 7.9K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, zinc oxide imports rose modestly to $10M in 2022. In general, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +17.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -17.5% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 96% against the previous year. As a result, imports reached the peak of $13M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
Import of Zinc Oxide in South Korea (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Canada | 0.8 | 1.4 | 1.5 | 2.0 | 35.7% |
Australia | 1.3 | 0.1 | 1.4 | 1.9 | 13.5% |
Taiwan (Chinese) | 1.4 | 0.9 | 1.6 | 1.8 | 8.7% |
Indonesia | N/A | 0.2 | 0.6 | 1.6 | 182.8% |
Japan | 1.4 | 1.1 | 0.6 | 0.7 | -20.6% |
China | 0.5 | 0.4 | 0.3 | 0.6 | 6.3% |
India | 0.2 | 0.2 | 0.3 | 0.4 | 26.0% |
Vietnam | 0.1 | 7.1 | 2.3 | N/A | 379.6% |
Others | 0.8 | 1.2 | 1.6 | 1.3 | 17.6% |
Total | 6.4 | 12.6 | 10.2 | 10.4 | 17.6% |
Top Suppliers of Zinc Oxide to South Korea in 2022:
- Taiwan (Chinese) (689.2 tons)
- Indonesia (475.0 tons)
- China (448.5 tons)
- Canada (400.4 tons)
- Japan (177.6 tons)
- Australia (137.7 tons)
- India (125.7 tons)
- Vietnam (0.7 tons)
This report provides an in-depth analysis of the zinc oxide 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 20121130 - Zinc oxide, zinc peroxide
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 zinc oxide market in Republic of Korea.
This report provides an in-depth analysis of the global zinc oxide market.
This report provides an in-depth analysis of the zinc oxide market in Republic of Korea.
This report provides an in-depth analysis of the global zinc oxide market.
Zinc oxide is a versatile compound with growing global demand in industries such as cosmetics, pharmaceuticals, rubber manufacturing, and ceramics. The top importers of zinc oxide in 2022 were the United States, Germany, Spain, Mexico, France, Vietnam, Poland, Italy, Czech Republic, and the Netherlands. The United States led the pack with an import value of $362.5 million, followed by Germany with $138.7 million and Spain with $120.5 million.
Zinc oxide is a versatile compound with growing global demand in industries such as cosmetics, pharmaceuticals, rubber manufacturing, and ceramics. The top importers of zinc oxide in 2022 were the United States, Germany, Spain, Mexico, France, Vietnam, Poland, Italy, Czech Republic, and the Netherlands. The United States led the pack with an import value of $362.5 million, followed by Germany with $138.7 million and Spain with $120.5 million.