Republic of Korea - Double or Complex Silicates - Market Analysis, Forecast, Size, Trends and Insights
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View PricingRepublic of Korea: Market for Double Or Complex Silicates 2024
Market Size for Double Or Complex Silicates in Republic of Korea
The South Korean double or complex silicates market soared to $X in 2021, jumping by 29% against the previous year. The market value increased at an average annual rate of +2.6% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.
Production of Double Or Complex Silicates in Republic of Korea
In value terms, double or complex silicates production expanded sharply to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a perceptible slump. Double or complex silicates production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.
Exports of Double Or Complex Silicates
Exports from Republic of Korea
For the ninth year in a row, South Korea recorded decline in overseas shipments of double or complex silicates, which decreased by -1.3% to X tons in 2021. Over the period under review, exports continue to indicate a abrupt contraction. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.
In value terms, double or complex silicates exports shrank to $X in 2021. Overall, exports saw a deep reduction. The pace of growth appeared the most rapid in 2019 when exports increased by 0.9% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.
Exports by Country
Japan (X tons) was the main destination for double or complex silicates exports from South Korea, accounting for a 83% share of total exports. Moreover, double or complex silicates exports to Japan exceeded the volume sent to the second major destination, Indonesia (X tons), more than tenfold. Australia (X tons) ranked third in terms of total exports with a 5.2% share.
From 2012 to 2021, the average annual growth rate of volume to Japan stood at -9.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (+44.4% per year) and Australia (+334.1% per year).
In value terms, Japan ($X) remains the key foreign market for double or complex silicates exports from South Korea, comprising 77% of total exports. The second position in the ranking was taken by Indonesia ($X), with a 6.1% share of total exports. It was followed by China, with a 5.6% share.
From 2012 to 2021, the average annual rate of growth in terms of value to Japan stood at -9.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (+25.8% per year) and China (+14.4% per year).
Export Prices by Country
The average double or complex silicates export price stood at $X per ton in 2021, declining by -4.2% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average export price increased by 5.1% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Singapore ($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 Japan (-0.1%), while the prices for the other major destinations experienced a decline.
Imports of Double Or Complex Silicates
Imports into Republic of Korea
In 2021, imports of double or complex silicates into South Korea soared to X tons, picking up by 30% against the previous year. Overall, total imports indicated a pronounced increase from 2012 to 2021: its volume increased at an average annual rate of +4.1% 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 +99.6% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 53% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in the near future.
In value terms, double or complex silicates imports expanded slightly to $X in 2021. Over the period under review, imports enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2015 when imports increased by 110% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.
Imports by Country
In 2021, China (X tons) constituted the largest supplier of double or complex silicates to South Korea, accounting for a 79% share of total imports. Moreover, double or complex silicates imports from China exceeded the figures recorded by the second-largest supplier, Japan (X tons), ninefold. The third position in this ranking was taken by the UK (X tons), with a 2.9% share.
From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +2.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+21.6% per year) and the UK (+14.8% per year).
In value terms, Japan ($X), the United States ($X) and China ($X) appeared to be the largest double or complex silicates suppliers to South Korea, together comprising 85% of total imports. The UK, Germany, Poland and India lagged somewhat behind, together comprising a further 14%.
India, with a CAGR of +163.3%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.
Import Prices by Country
The average double or complex silicates import price stood at $X per ton in 2021, reducing by -21.9% against the previous year. Over the period under review, the import price, however, posted strong growth. The most prominent rate of growth was recorded in 2015 an increase of 151% against the previous year. The import price peaked at $X per ton in 2019; however, from 2020 to 2021, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for China ($X per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+26.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Source: IndexBox Platform
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the market for double or complex silicates 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 20136270 - Double or complex silicates
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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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