Republic of Korea: Chloroform Market 2024

Chloroform Market Size in Republic of Korea

The South Korean chloroform market contracted to $X in 2022, standing approx. at the previous year. Over the period under review, consumption, however, continues to indicate a abrupt curtailment. The pace of growth was the most pronounced in 2021 when the market value increased by X%. Chloroform consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Chloroform Production in Republic of Korea

In value terms, chloroform production shrank to $X in 2022 estimated in export price. In general, production saw a abrupt downturn. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Chloroform Exports

Exports from Republic of Korea

In 2022, chloroform exports from South Korea declined rapidly to X tons, reducing by X% against the previous year's figure. In general, exports recorded a deep downturn. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, chloroform exports expanded notably to $X in 2022. Overall, exports recorded a slight decline. The pace of growth appeared the most rapid in 2021 when exports increased by X%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Japan (X tons) was the main destination for chloroform exports from South Korea, accounting for a X% share of total exports. Moreover, chloroform exports to Japan exceeded the volume sent to the second major destination, Pakistan (X tons), sevenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Japan stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Pakistan (X% per year) and Mexico (X% per year).

In value terms, Japan ($X) remains the key foreign market for chloroform (trichloromethane) exports from South Korea, comprising X% of total exports. The second position in the ranking was taken by Pakistan ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Japan stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Pakistan (X% per year) and Mexico (X% per year).

Export Prices by Country

The average chloroform export price stood at $X per ton in 2022, picking up by X% against the previous year. Over the period under review, the export price saw a buoyant expansion. The pace of growth appeared the most rapid in 2018 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is likely to see gradual growth in the near future.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Mexico ($X per ton), while the average price for exports to Pakistan ($X 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 India (X%), while the prices for the other major destinations experienced more modest paces of growth.

Chloroform Imports

Imports into Republic of Korea

In 2022, the amount of chloroform (trichloromethane) imported into South Korea surged to X tons, rising by X% on the year before. Over the period under review, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by X%. Imports peaked at X tons in 2012; afterwards, it flattened through to 2022.

In value terms, chloroform imports totaled $X in 2022. In general, imports recorded prominent growth. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, China (X tons) constituted the largest chloroform supplier to South Korea, accounting for a X% share of total imports. Moreover, chloroform imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X tons), threefold. The third position in this ranking was held by Japan (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (X% per year) and Japan (X% per year).

In value terms, China ($X) constituted the largest supplier of chloroform (trichloromethane) to South Korea, comprising X% of total imports. The second position in the ranking was held by the United States ($X), with a X% share of total imports. It was followed by Russia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Russia (X% per year).

Import Prices by Country

In 2022, the average chloroform import price amounted to $X per ton, falling by X% against the previous year. In general, the import price, however, showed a strong increase. The pace of growth appeared the most rapid in 2016 when the average import price increased by X%. The import price peaked at $X per ton in 2021, and then shrank in the following year.

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 ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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