Republic of Korea: Market for Halogenated Derivatives Of Cyclanic, Cyclenic Or Cycloterpenic Hydrocarbons 2024

Market Size for Halogenated Derivatives Of Cyclanic, Cyclenic Or Cycloterpenic Hydrocarbons in Republic of Korea

The South Korean cyclanic, cyclenic hydrocarbons derivatives market stood at $X in 2022, increasing by 6.3% 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). In general, consumption, however, showed a perceptible curtailment. Cyclanic, cyclenic hydrocarbons derivatives consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Exports of Halogenated Derivatives Of Cyclanic, Cyclenic Or Cycloterpenic Hydrocarbons

Exports from Republic of Korea

In 2022, cyclanic, cyclenic hydrocarbons derivatives exports from South Korea dropped notably to X tons, which is down by -23.5% against 2021 figures. Overall, exports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2014 with an increase of 923%. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, cyclanic, cyclenic hydrocarbons derivatives exports shrank significantly to $X in 2022. In general, exports, however, saw a significant expansion. The growth pace was the most rapid in 2014 with an increase of 644% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

China (X tons) was the main destination for cyclanic, cyclenic hydrocarbons derivatives exports from South Korea, with a approx. 100% share of total exports.

From 2013 to 2022, the average annual rate of growth in terms of volume to China stood at +72.7%.

In value terms, China ($X) also remains the key foreign market for halogenated derivatives of cyclanic, cyclenic or cycloterpenic hydrocarbons exports from South Korea.

From 2013 to 2022, the average annual growth rate of value to China stood at +54.2%.

Export Prices by Country

The average cyclanic, cyclenic hydrocarbons derivatives export price stood at $X per ton in 2022, dropping by -1.6% against the previous year. Overall, the export price recorded a abrupt setback. The most prominent rate of growth was recorded in 2019 when the average export price increased by 70% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

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

From 2013 to 2022, the rate of growth in terms of prices for India amounted to +9.8% per year.

Imports of Halogenated Derivatives Of Cyclanic, Cyclenic Or Cycloterpenic Hydrocarbons

Imports into Republic of Korea

Cyclanic, cyclenic hydrocarbons derivatives imports into South Korea rose significantly to X tons in 2022, with an increase of 9.3% against 2021 figures. In general, imports, however, faced a abrupt setback. The growth pace was the most rapid in 2020 when imports increased by 18%. Imports peaked at X tons in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, cyclanic, cyclenic hydrocarbons derivatives imports reached $X in 2022. Overall, imports, however, continue to indicate a perceptible descent. The pace of growth appeared the most rapid in 2020 with an increase of 22% against the previous year. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Japan (X tons) constituted the largest cyclanic, cyclenic hydrocarbons derivatives supplier to South Korea, with a 54% share of total imports. Moreover, cyclanic, cyclenic hydrocarbons derivatives imports from Japan exceeded the figures recorded by the second-largest supplier, China (X tons), twofold. The third position in this ranking was taken by Taiwan (Chinese) (X tons), with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Japan amounted to +24.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-17.1% per year) and Taiwan (Chinese) (+128.0% per year).

In value terms, the largest cyclanic, cyclenic hydrocarbons derivatives suppliers to South Korea were Japan ($X), China ($X) and Taiwan (Chinese) ($X), together accounting for 100% of total imports.

Taiwan (Chinese), with a CAGR of +119.4%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average cyclanic, cyclenic hydrocarbons derivatives import price amounted to $X per ton, shrinking by -8.3% against the previous year. Over the period under review, the import price, however, posted prominent growth. The most prominent rate of growth was recorded in 2019 an increase of 105%. Over the period under review, average import prices attained the peak figure at $X per ton in 2020; however, from 2021 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 China ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+19.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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