Report Update Nov 1, 2024

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

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Republic of Korea: Ethylbenzene Market 2024

Ethylbenzene Market Size in Republic of Korea

The South Korean ethylbenzene market skyrocketed to $X in 2022, increasing by 40% against the previous year. Over the period under review, consumption posted a pronounced expansion. Ethylbenzene consumption peaked in 2022 and is likely to continue growth in the near future.

Ethylbenzene Production in Republic of Korea

In value terms, ethylbenzene production dropped slightly to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a mild setback. The most prominent rate of growth was recorded in 2017 with an increase of 27% against the previous year. Over the period under review, production reached the maximum level at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Ethylbenzene Exports

Exports from Republic of Korea

Ethylbenzene exports from South Korea reduced to X tons in 2022, falling by -5.1% compared with 2021. Over the period under review, exports, however, showed a tangible increase. The most prominent rate of growth was recorded in 2017 when exports increased by 101% against the previous year. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, ethylbenzene exports stood at $X in 2022. Overall, exports, however, saw pronounced growth. The pace of growth was the most pronounced in 2017 when exports increased by 194% against the previous year. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Hong Kong SAR (X tons) was the main destination for ethylbenzene exports from South Korea, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Hong Kong SAR amounted to +11.5%.

In value terms, Hong Kong SAR ($X) emerged as the key foreign market for ethylbenzene exports from South Korea.

From 2012 to 2022, the average annual rate of growth in terms of value to Hong Kong SAR stood at +9.4%.

Export Prices by Country

In 2022, the average ethylbenzene export price amounted to $X per ton, growing by 17% against the previous year. Overall, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of 47% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the rate of growth in terms of prices for India amounted to +0.7% per year.

Ethylbenzene Imports

Imports into Republic of Korea

In 2022, purchases abroad of ethylbenzene increased by 67% to X tons, rising for the third consecutive year after two years of decline. Overall, imports recorded a significant expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 580% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, ethylbenzene imports soared to $X in 2022. In general, imports showed a significant expansion. The most prominent rate of growth was recorded in 2016 with an increase of 174%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, China (X tons) was the main ethylbenzene supplier to South Korea, accounting for a 95% share of total imports. It was followed by Germany (X kg), with a 2.1% share of total imports. Japan (X kg) ranked third in terms of total imports with a 2.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +44.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+52.8% per year) and Japan (+5.1% per year).

In value terms, China ($X) constituted the largest supplier of ethylbenzene to South Korea, comprising 85% of total imports. The second position in the ranking was taken by Germany ($X), with a 6.1% share of total imports. It was followed by Japan, with a 5.6% share.

From 2012 to 2022, the average annual growth rate of value from China stood at +37.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+50.3% per year) and Japan (+1.4% per year).

Import Prices by Country

In 2022, the average ethylbenzene import price amounted to $X per ton, increasing by 8.5% against the previous year. Overall, the import price, however, showed a deep slump. The pace of growth was the most pronounced in 2013 when the average import price increased by 41%. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (-1.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for ethylbenzene in the world?

The countries with the highest volumes of in 2021 were Russia, the Netherlands and Poland, with a combined 79% share of global consumption. The UK, Belgium, Oman and the United States lagged somewhat behind, together accounting for a further 16%.

What are the largest producers of ethylbenzene in the world?

The countries with the highest volumes of in 2021 were Russia, Belgium and the UK, together accounting for 82% of global production. The Czech Republic, the United States, Oman and France lagged somewhat behind, together accounting for a further 16%.

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

In value terms, the largest ethylbenzene suppliers to South Korea were Canada, China and Japan, together comprising 83% of total imports. Germany lagged somewhat behind, comprising a further 16%.

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

In value terms, Hong Kong SAR and India were the largest markets for ethylbenzene exported from South Korea worldwide.

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

The average ethylbenzene export price stood at $1,448 per ton in 2021, with an increase of 9.4% against the previous year.

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

In 2021, the average ethylbenzene import price amounted to $4,611 per ton, declining by -16.8% against the previous year.

This report provides an in-depth analysis of the ethylbenzene 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 20141260 - Ethylbenzene

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