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Report Republic of Korea - Glucose and Glucose Syrup - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update May 1, 2025

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

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Republic of Korea: Glucose Market 2025

Glucose Market Size in Republic of Korea

In 2021, the South Korean glucose market increased by 34% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption saw a noticeable expansion. Glucose consumption peaked at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Glucose Exports

Exports from Republic of Korea

After two years of growth, overseas shipments of glucose and glucose syrup decreased by -5.1% to X tons in 2021. Over the period under review, exports, however, showed strong growth. The growth pace was the most rapid in 2014 with an increase of 80%. The exports peaked at X tons in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

In value terms, glucose exports expanded slightly to $X in 2021. Overall, total exports indicated a notable increase from 2012 to 2021: its value increased at an average annual rate of +3.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +39.5% against 2017 indices. The most prominent rate of growth was recorded in 2014 when exports increased by 46%. Over the period under review, the exports reached the peak figure in 2021 and are likely to see gradual growth in the immediate term.

Exports by Country

Japan (X tons), Malaysia (X tons) and the Philippines (X tons) were the main destinations of glucose exports from South Korea, together accounting for 71% of total exports. Nigeria, the United Arab Emirates, Singapore, Vietnam, Australia, Hong Kong SAR and Indonesia lagged somewhat behind, together comprising a further 26%.

From 2012 to 2021, the biggest increases were recorded for Nigeria (with a CAGR of +301.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X) remains the key foreign market for glucose and glucose syrup exports from South Korea, comprising 41% of total exports. The second position in the ranking was taken by Malaysia ($X), with a 17% share of total exports. It was followed by the Philippines, with a 10% share.

From 2012 to 2021, the average annual growth rate of value to Japan amounted to -2.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (+25.8% per year) and the Philippines (+6.5% per year).

Export Prices by Country

In 2021, the average glucose export price amounted to $X per ton, with an increase of 9.1% against the previous year. In general, the export price, however, recorded a noticeable decline. The growth pace was the most rapid in 2016 when the average export price increased by 33% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 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 Indonesia ($X per ton), while the average price for exports to Malaysia ($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 Philippines (+1.5%), while the prices for the other major destinations experienced a decline.

Glucose Imports

Imports into Republic of Korea

In 2021, overseas purchases of glucose and glucose syrup increased by 3.6% to X tons, rising for the second consecutive year after two years of decline. In general, imports recorded slight growth. The pace of growth was the most pronounced in 2016 with an increase of 242%. Over the period under review, imports attained the maximum at X tons in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, glucose imports skyrocketed to $X in 2021. Overall, total imports indicated notable growth from 2012 to 2021: its value increased at an average annual rate of +3.2% 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 +53.0% against 2019 indices. The most prominent rate of growth was recorded in 2016 with an increase of 128%. Imports peaked at $X in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) was the main supplier of glucose to South Korea, accounting for a 95% share of total imports. It was followed by France (X tons), with a 2.5% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +1.7%.

In value terms, China ($X) constituted the largest supplier of glucose and glucose syrup to South Korea, comprising 85% of total imports. The second position in the ranking was held by France ($X), with a 5.7% share of total imports.

From 2012 to 2021, the average annual growth rate of value from China stood at +3.5%.

Import Prices by Country

The average glucose import price stood at $X per ton in 2021, with an increase of 40% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.0%. As a result, import price attained 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 2021, amid the top importers, the country with the highest price was France ($X per ton), while the price for China totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+8.8%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

The countries with the highest volumes of in 2021 were China, the United States and India, together accounting for 41% of global consumption. These countries were followed by Pakistan, Russia, Indonesia, Brazil, France, Mexico, Belgium, Germany, the UK and Canada, which together accounted for a further 32%.
The countries with the highest volumes of in 2021 were China, the United States and India, with a combined 46% share of global production.
In value terms, China constituted the largest supplier of glucose to South Korea, comprising 84% of total imports. The second position in the ranking was occupied by France, with a 7.2% share of total imports.
In value terms, Japan remains the key foreign market for glucose exports from South Korea, comprising 39% of total exports. The second position in the ranking was occupied by Malaysia, with a 19% share of total exports. It was followed by the United Arab Emirates, with an 11% share.
In 2021, the average glucose export price amounted to $681 per ton, surging by 1.7% against the previous year.
The average glucose import price stood at $499 per ton in 2021, which is down by -2.1% against the previous year.

This report provides an in-depth analysis of the glucose 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 10621310 - Glucose and glucose syrup (excluding with added flavouring or colouring matter)

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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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. 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. 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. 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. 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. 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. 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. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2024
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2024
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. 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

  12. 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

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