Republic of Korea: Disinfectant Market 2022

Disinfectant Market Size in Republic of Korea

The South Korean disinfectant market dropped dramatically to $X in 2021, with a decrease of -X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, saw a strong increase. Over the period under review, the market reached the maximum level at $X in 2020, and then dropped significantly in the following year.

Disinfectant Exports

Exports from Republic of Korea

In 2021, approx. X tons of disinfectants were exported from South Korea; growing by X% on the year before. Overall, exports continue to indicate a notable increase. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in the immediate term.

In value terms, disinfectant exports contracted to $X in 2021. In general, exports enjoyed a remarkable increase. The pace of growth was the most pronounced in 2020 when exports increased by X%. As a result, the exports reached the peak of $X, and then contracted in the following year.

Exports by Country

Japan (X tons), Saudi Arabia (X tons) and Kuwait (X tons) were the main destinations of disinfectant exports from South Korea, together accounting for X% of total exports. These countries were followed by Vietnam, Hong Kong SAR, Taiwan (Chinese), the United States, Thailand, Malaysia and the UK, which together accounted for a further X 2012 to 2021, the biggest increases were in the United States (with a CAGR of +X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for disinfectant exported from South Korea were Saudi Arabia ($X), Kuwait ($X) and Japan ($X), together accounting for X% of total exports. These countries were followed by Vietnam, the United States, Thailand, Hong Kong SAR, the UK, Taiwan (Chinese) and Malaysia, which together accounted for a further X, with a CAGR of +X%, recorded the highest growth rate of the value of exports, in terms of 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

In 2021, the average disinfectant export price amounted to $X per ton, which is down by -X% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2013 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Disinfectant Imports

Imports into Republic of Korea

In 2021, imports of disinfectants into South Korea shrank to X tons, waning by -X% against 2020. Overall, total imports indicated a pronounced expansion from 2012 to 2021: its volume increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +X% against 2019 indices. The pace of growth appeared the most rapid in 2020 with an increase of X%. As a result, imports reached the peak of X tons, and then shrank in the following year.

In value terms, disinfectant imports contracted dramatically to $X in 2021. Over the period under review, imports, however, continue to indicate a resilient increase. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. As a result, imports reached the peak of $X, and then dropped notably in the following year.

Imports by Country

China (X tons), the UK (X tons) and the United States (X tons) were the main suppliers of disinfectant imports to South Korea, together accounting for X% of total imports. These countries were followed by Japan, Switzerland, Denmark, Sweden, Australia, Germany and France, which together accounted for a further X 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Switzerland (with a CAGR of +X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest disinfectant suppliers to South Korea were the UK ($X), the United States ($X) and China ($X), together accounting for X% of total imports. Switzerland, Japan, France, Australia, Germany, Sweden and Denmark lagged somewhat behind, together accounting for a further X the main suppliers, Switzerland, 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 2021, the average disinfectant import price amounted to $X per ton, shrinking by -X% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +X%. The pace of growth was the most pronounced in 2019 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2020, and then reduced in the following year.

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

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

Source: IndexBox Platform

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