Report Update Jan 1, 2025

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

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Republic of Korea: Degras Market 2025

Degras Market Size in Republic of Korea

After four years of growth, the South Korean degras market decreased by -10.5% to $X in 2021. In general, consumption showed a relatively flat trend pattern. Degras consumption peaked at $X in 2020, and then declined in the following year.

Degras Production in Republic of Korea

In value terms, degras production declined to $X in 2021 estimated in export price. In general, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the production volume increased by 54%. Degras production peaked at $X in 2020, and then reduced in the following year.

Degras Exports

Exports from Republic of Korea

In 2021, shipments abroad of degras increased by 44% to X tons, rising for the second year in a row after three years of decline. Overall, exports, however, recorded a abrupt curtailment. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, degras exports skyrocketed to $X in 2021. In general, exports, however, saw a perceptible shrinkage. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Japan (X tons) was the main destination for degras exports from South Korea, accounting for a 73% share of total exports. Moreover, degras exports to Japan exceeded the volume sent to the second major destination, Indonesia (X tons), threefold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Japan stood at -9.2%.

In value terms, Japan ($X) remains the key foreign market for degras exports from South Korea, comprising 91% of total exports. The second position in the ranking was held by Indonesia ($X), with a 9.4% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Japan amounted to -4.5%.

Export Prices by Country

The average degras export price stood at $X per ton in 2021, growing by 5.8% against the previous year. In general, the export price showed measured growth. The most prominent rate of growth was recorded in 2013 an increase of 64% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Japan ($X per ton), while the average price for exports to Indonesia totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+5.2%).

Degras Imports

Imports into Republic of Korea

Degras imports into South Korea expanded significantly to X tons in 2021, increasing by 9.2% on the previous year. Overall, imports posted a perceptible expansion. The pace of growth was the most pronounced in 2013 with an increase of 127%. As a result, imports reached the peak of X tons. From 2014 to 2021, the growth of imports failed to regain momentum.

In value terms, degras imports rose sharply to $X in 2021. Over the period under review, imports, however, showed a perceptible decrease. The growth pace was the most rapid in 2013 when imports increased by 88% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, Australia (X tons) constituted the largest supplier of degras to South Korea, accounting for a 52% share of total imports. Moreover, degras imports from Australia exceeded the figures recorded by the second-largest supplier, the Philippines (X tons), ninefold. Indonesia (X tons) ranked third in terms of total imports with a 5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Australia stood at +5.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the Philippines (-10.2% per year) and Indonesia (-3.9% per year).

In value terms, Australia ($X) constituted the largest supplier of degras to South Korea, comprising 48% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 5.3% share of total imports. It was followed by Indonesia, with a 3.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Australia totaled -3.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+5.8% per year) and Indonesia (-9.4% per year).

Import Prices by Country

The average degras import price stood at $X per ton in 2021, standing approx. at the previous year. Overall, the import price, however, continues to indicate a abrupt setback. The growth pace was the most rapid in 2018 an increase of 24%. The import price peaked at $X per ton in 2015; however, from 2016 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Taiwan (Chinese) ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+43.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for degras in the world?

China remains the largest degras consuming country worldwide, comprising approx. 15% of total volume. Moreover, degras consumption in China exceeded the figures recorded by the second-largest consumer, India, twofold. The United States ranked third in terms of total consumption with a 6.3% share.

What are the largest producers of degras in the world?

China remains the largest degras producing country worldwide, comprising approx. 15% of total volume. Moreover, degras production in China exceeded the figures recorded by the second-largest producer, India, twofold. The United States ranked third in terms of total production with a 6.3% share.

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

In value terms, Malaysia $11) constituted the largest supplier of degras to South Korea.

What are the leading importers of degras from Republic of Korea?

In value terms, Japan remains the key foreign market for degras exports from South Korea.

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

The average degras export price stood at $1,190 per ton in 2020, with an increase of 8.9% against the previous year.

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

The average degras import price stood at $532 per ton in 2020, dropping by -7.9% against the previous year.

This report provides an in-depth analysis of the degras 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 10417200 - Degras, residues resulting from the treatment of fatty substances or animal or vegetable waxes

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
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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
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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 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
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 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
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, 2012–2024
22. Production, In Value Terms, 2012–2024
23. Imports, In Physical Terms, 2012–2024
24. Imports, In Value Terms, 2012–2024
25. Imports, In Physical Terms, By Country, 2024
26. Imports, In Physical Terms, By Country, 2012–2024
27. Imports, In Value Terms, By Country, 2012–2024
28. Import Prices, By Country Of Origin, 2012–2024
29. Exports, In Physical Terms, 2012–2024
30. Exports, In Value Terms, 2012–2024
31. Exports, In Physical Terms, By Country, 2024
32. Exports, In Physical Terms, By Country, 2012–2024
33. Exports, In Value Terms, By Country, 2012–2024
34. Export Prices, By Country Of Destination, 2012–2024