Republic of Korea: Amylaceous Finishing Agents Market 2024

Amylaceous Finishing Agents Market Size in Republic of Korea

The South Korean amylaceous finishing agents market shrank modestly to $X in 2022, leveling off at the previous year. Overall, consumption, however, continues to indicate a perceptible reduction. Amylaceous finishing agents consumption peaked at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Amylaceous Finishing Agents Production in Republic of Korea

In value terms, amylaceous finishing agents production fell modestly to $X in 2022 estimated in export price. In general, production, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2018 when the production volume increased by X%. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Amylaceous Finishing Agents Exports

Exports from Republic of Korea

In 2022, approx. X tons of finishing agents with amylaceous basis were exported from South Korea; reducing by X% on 2021 figures. Overall, exports, however, enjoyed prominent growth. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, amylaceous finishing agents exports reduced dramatically to $X in 2022. Over the period under review, exports saw a drastic downturn. The most prominent rate of growth was recorded in 2017 with an increase of X%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Thailand (X tons) was the main destination for amylaceous finishing agents exports from South Korea, with a X% share of total exports. Moreover, amylaceous finishing agents exports to Thailand exceeded the volume sent to the second major destination, Australia (X tons), twofold. Indonesia (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Thailand totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (X% per year) and Indonesia (X% per year).

In value terms, Thailand ($X) remains the key foreign market for finishing agents with amylaceous basis exports from South Korea, comprising X% of total exports. The second position in the ranking was held by Indonesia ($X), with a X% share of total exports. It was followed by Australia, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Thailand totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (X% per year) and Australia (X% per year).

Export Prices by Country

The average amylaceous finishing agents export price stood at $X per ton in 2022, falling by X% against the previous year. In general, the export price saw a drastic downturn. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Vietnam ($X per ton), while the average price for exports to Australia ($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 Vietnam (X%), while the prices for the other major destinations experienced a decline.

Amylaceous Finishing Agents Imports

Imports into Republic of Korea

For the fifth year in a row, South Korea recorded decline in supplies from abroad of finishing agents with amylaceous basis, which decreased by X% to X tons in 2022. Overall, imports faced a precipitous setback. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, amylaceous finishing agents imports contracted notably to $X in 2022. In general, imports saw a abrupt setback. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a lower figure.

Imports by Country

China (X tons), Italy (X tons) and Israel (X tons) were the main suppliers of amylaceous finishing agents imports to South Korea, together comprising X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest amylaceous finishing agents suppliers to South Korea were China ($X), the Netherlands ($X) and Austria ($X), with a combined X% share of total imports. Israel, Japan, Thailand, Italy, Taiwan (Chinese), Germany and the United States lagged somewhat behind, together accounting for a further X%.

Italy, with a CAGR of X%, saw the highest rates of growth with regard to 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

In 2022, the average amylaceous finishing agents import price amounted to $X per ton, increasing by X% against the previous year. Overall, import price indicated a strong expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, amylaceous finishing agents import price increased by X% against 2017 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

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

Source: IndexBox Platform

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