Republic of Korea: Anti-Oxidising Preparations Market 2024

Anti-Oxidising Preparations Market Size in Republic of Korea

The South Korean anti-oxidising preparations market stood at less than $X in 2022, remaining stable against the previous year. In general, consumption saw a noticeable shrinkage. The growth pace was the most rapid in 2016 with an increase of X%. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Anti-Oxidising Preparations Production in Republic of Korea

In value terms, anti-oxidising preparations production amounted to less than $X in 2022 estimated in export price. In general, production showed a pronounced shrinkage. The pace of growth appeared the most rapid in 2016 when the production volume increased by X% against the previous year. Anti-oxidising preparations production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Anti-Oxidising Preparations Exports

Exports from Republic of Korea

In 2016, shipments abroad of anti-oxidising preparations and other compounds stabilisers for rubber or plastics increased by X% to X tons, rising for the second year in a row after two years of decline. In general, exports recorded a mild expansion. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. The exports peaked in 2016 and are expected to retain growth in the near future.

In value terms, anti-oxidising preparations exports contracted slightly to $X in 2016. Over the period under review, exports, however, continue to indicate a perceptible decrease. The growth pace was the most rapid in 2015 with an increase of X%. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2016, the exports remained at a lower figure.

Exports by Country

China (X tons), Vietnam (X tons) and Pakistan (X tons) were the main destinations of anti-oxidising preparations exports from South Korea, together accounting for X% of total exports.

From 2012 to 2016, the biggest increases were recorded for Vietnam (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for anti-oxidising preparations exported from South Korea were China ($X), the United States ($X) and Vietnam ($X), together comprising X% of total exports.

Vietnam, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average anti-oxidising preparations export price stood at $X per ton in 2016, dropping by X% against the previous year. Overall, the export price continues to indicate a noticeable downturn. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2016, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Bangladesh ($X per ton) was amongst the lowest.

From 2012 to 2016, the most notable rate of growth in terms of prices was recorded for supplies to China (X%), while the prices for the other major destinations experienced more modest paces of growth.

Anti-Oxidising Preparations Imports

Imports into Republic of Korea

In 2016, approx. X tons of anti-oxidising preparations and other compounds stabilisers for rubber or plastics were imported into South Korea; surging by X% compared with the previous year's figure. The total import volume increased at an average annual rate of X% from 2012 to 2016; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure in 2016 and are likely to see gradual growth in years to come.

In value terms, anti-oxidising preparations imports fell modestly to $X in 2016. Over the period under review, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when imports increased by X%. As a result, imports reached the peak of $X. From 2015 to 2016, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2016, China (X tons) constituted the largest anti-oxidising preparations supplier to South Korea, accounting for a X% share of total imports. Moreover, anti-oxidising preparations imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), threefold. The third position in this ranking was held by Germany (X tons), with an X% share.

From 2012 to 2016, the average annual growth rate of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Germany (X% per year).

In value terms, China ($X), the United States ($X) and Germany ($X) appeared to be the largest anti-oxidising preparations suppliers to South Korea, together comprising X% of total imports. Japan, Malaysia, Taiwan (Chinese) and Vietnam lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Vietnam, with a CAGR of X%, recorded 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 2016, the average anti-oxidising preparations import price amounted to $X per ton, waning by X% against the previous year. Over the period under review, the import price recorded a drastic downturn. The pace of growth was the most pronounced in 2014 when the average import price decreased by X% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2016, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2016, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2016, the most notable rate of growth in terms of prices was attained by Malaysia (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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