Report Update Nov 1, 2024

Republic of Korea - Beryl - Market Analysis, Forecast, Size, Trends and Insights

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Republic of Korea: Beryl Market 2024

Beryl Market Size in Republic of Korea

In 2021, the South Korean beryl market was finally on the rise to reach $X after three years of decline. Over the period under review, consumption, however, showed a abrupt downturn. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Beryl Production in Republic of Korea

In value terms, beryl production reached $X in 2021 estimated in export price. Over the period under review, the total production indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +6.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -19.2% against 2016 indices. The most prominent rate of growth was recorded in 2016 when the production volume increased by 60% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2021, production growth failed to regain momentum.

Beryl Exports

Exports from Republic of Korea

Beryl exports from South Korea stood at X kg in 2021, remaining constant against 2020 figures. Over the period under review, exports saw a dramatic decrease. The smallest decline of 99.9% was in 2016. Over the period under review, the exports reached the peak figure at X kg in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, beryl exports amounted to $X in 2021. Overall, exports continue to indicate a significant decrease. The smallest decline of 99.9% was in 2016. Over the period under review, the exports reached the peak figure at $X in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

Exports by Country

Bolivia (X kg) was the main destination for beryl exports from South Korea, accounting for a approx. 100% share of total exports.

From 2015 to 2021, the average annual rate of growth in terms of volume to Bolivia was relatively modest.

From 2015 to 2021, the average annual growth rate of value to Bolivia was relatively modest.

Export Prices by Country

In 2021, the average beryl export price amounted to $X per ton, approximately mirroring the previous year. Overall, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the average export price decreased by 99.9%. The export price peaked in 2021 and is expected to retain growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Bolivia.

From 2015 to 2021, the rate of growth in terms of prices for Bolivia amounted to 0.0% per year.

Beryl Imports

Imports into Republic of Korea

After two years of decline, purchases abroad of beryl increased by 258% to X kg in 2021. Over the period under review, imports, however, saw a dramatic downturn. Over the period under review, imports reached the peak figure at X kg in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, beryl imports surged to $X in 2021. In general, imports, however, faced a precipitous decline. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, the United States (X kg) constituted the largest beryl supplier to South Korea, accounting for a 65% share of total imports. Moreover, beryl imports from the United States exceeded the figures recorded by the second-largest supplier, Japan (X kg), fourfold. The third position in this ranking was held by the UK (X kg), with a 12% share.

From 2012 to 2021, the average annual growth rate of volume from the United States totaled -20.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-9.7% per year) and the UK (-35.8% per year).

In value terms, Japan ($X), the United States ($X) and China ($X) appeared to be the largest beryl suppliers to South Korea, with a combined 90% share of total imports.

Japan, with a CAGR of -7.1%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average beryl import price stood at $X per ton in 2021, surging by 15% against the previous year. Overall, the import price saw a moderate expansion. The pace of growth was the most pronounced in 2019 when the average import price increased by 62%. Over the period under review, average import prices hit record highs in 2021 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was China ($X per ton), while the price for Kazakhstan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+22.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for beryl in the world?

The United States remains the largest beryl consuming country worldwide, accounting for 61% of total volume. Moreover, beryl consumption in the United States exceeded the figures recorded by the second-largest consumer, China, threefold. Mali ranked third in terms of total consumption with a 3.2% share.

What are the largest producers of beryl in the world?

The country with the largest volume of beryl production was the United States, comprising approx. 53% of total volume. Moreover, beryl production in the United States exceeded the figures recorded by the second-largest producer, China, threefold. The third position in this ranking was occupied by Kazakhstan, with a 12% share.

What are the leading suppliers of beryl to Republic of Korea?

In value terms, Japan $948) constituted the largest supplier of beryl to South Korea, comprising 63% of total imports. The second position in the ranking was occupied by the UK $322), with a 21% share of total imports.

What is the average export price for beryl in Republic of Korea?

The average beryl export price stood at $368,667 per ton in 2015, leveling off at the previous year.

What is the average import price for beryl in Republic of Korea?

The average beryl import price stood at $100,800 per ton in 2020, reducing by -7% against the previous year.

This report provides an in-depth analysis of the beryl 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:

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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023