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Republic of Korea - Oleic, Linoleic or Linolenic Acids, Their Salts and Esters - Market Analysis, Forecast, Size, Trends and Insights
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View PricingRepublic of Korea: Market for Oleic, Linoleic Or Linolenic Acids, Their Salts And Esters 2024
Market Size for Oleic, Linoleic Or Linolenic Acids, Their Salts And Esters in Republic of Korea
The South Korean market for oleic, linoleic or linolenic acids, their salts and esters was estimated at $X in 2023, increasing by X% against the previous year. In general, consumption posted moderate growth. As a result, consumption attained the peak level of $X. From 2022 to 2023, the growth of the market failed to regain momentum.
Production of Oleic, Linoleic Or Linolenic Acids, Their Salts And Esters in Republic of Korea
In value terms, oleic, linoleic or linolenic acids production totaled $X in 2023 estimated in export price. Overall, production showed a pronounced increase. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2022 to 2023, production growth remained at a somewhat lower figure.
Exports of Oleic, Linoleic Or Linolenic Acids, Their Salts And Esters
Exports from Republic of Korea
After three years of growth, overseas shipments of oleic, linoleic or linolenic acids, their salts and esters decreased by X% to X tons in 2023. Over the period under review, exports, however, continue to indicate a notable expansion. The pace of growth was the most pronounced in 2016 when exports increased by X%. The exports peaked at X tons in 2017; however, from 2018 to 2023, the exports stood at a somewhat lower figure.
In value terms, oleic, linoleic or linolenic acids exports reduced to $X in 2023. In general, exports, however, saw notable growth. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, the exports attained the maximum at $X in 2022, and then dropped in the following year.
Exports by Country
Japan (X tons) was the main destination for oleic, linoleic or linolenic acids exports from South Korea, with a X% share of total exports. It was followed by China (X tons), with a X% share of total exports.
From 2012 to 2023, the average annual growth rate of volume to Japan totaled X%.
In value terms, Japan ($X) remains the key foreign market for oleic, linoleic or linolenic acids, their salts and esters exports from South Korea, comprising X% of total exports. The second position in the ranking was taken by China ($X), with a X% share of total exports.
From 2012 to 2023, the average annual rate of growth in terms of value to Japan amounted to X%.
Export Prices by Country
The average export price for oleic, linoleic or linolenic acids, their salts and esters stood at $X per ton in 2023, shrinking by X% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average export price increased by X%. Over the period under review, the average export prices hit record highs at $X per ton in 2022, and then dropped in the following year.
Average prices varied noticeably for the major overseas markets. In 2023, amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to China totaled $X per ton.
From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Japan (X%).
Imports of Oleic, Linoleic Or Linolenic Acids, Their Salts And Esters
Imports into Republic of Korea
Oleic, linoleic or linolenic acids imports into South Korea rose to X tons in 2023, growing by X% on 2022 figures. Overall, total imports indicated temperate growth from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2023, imports remained at a lower figure.
In value terms, oleic, linoleic or linolenic acids imports contracted to $X in 2023. In general, total imports indicated pronounced growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of X%. Imports peaked at $X in 2022, and then fell in the following year.
Imports by Country
The Netherlands (X tons), Malaysia (X tons) and Italy (X tons) were the main suppliers of oleic, linoleic or linolenic acids imports to South Korea, together accounting for X% of total imports.
From 2012 to 2023, the biggest increases were recorded for Italy (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.
In value terms, the largest oleic, linoleic or linolenic acids suppliers to South Korea were the Netherlands ($X), China ($X) and Japan ($X), together comprising X% of total imports. Malaysia, France, Belgium, Italy and the UK lagged somewhat behind, together comprising a further X%.
Among the main suppliers, Italy, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.
Import Prices by Country
In 2023, the average import price for oleic, linoleic or linolenic acids, their salts and esters amounted to $X per ton, falling by X% against the previous year. Overall, the import price, however, recorded slight growth. The growth pace was the most rapid in 2019 an increase of X% against the previous year. The import price peaked at $X per ton in 2022, and then contracted in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.
From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the UK (X%), while the prices for the other major suppliers experienced more modest paces of growth.
Source: IndexBox Platform
This report provides an in-depth analysis of the market for oleic, linoleic or linolenic acids 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 20143350 - Oleic, linoleic or linolenic acids, their salts and esters
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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