Republic of Korea: Kaolin Market 2021

Kaolin Market Size in Republic of Korea

The South Korean kaolin market soared to $X in 2019, with an increase of X% against the previous year. Overall, consumption, however, recorded a abrupt setback. Over the period under review, the market hit record highs at $X in 2007; however, from 2008 to 2019, consumption failed to regain the momentum.

Kaolin Production in Republic of Korea

In value terms, kaolin production soared to $X in 2019 estimated in export prices. In general, production, however, saw a drastic downturn. Over the period under review, production reached the maximum level at $X in 2007; however, from 2008 to 2019, production failed to regain the momentum.

Kaolin Exports

Exports from Republic of Korea

In 2019, overseas shipments of kaolin increased by X% to X tons, rising for the second consecutive year after three years of decline. Over the period under review, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 when exports increased by X% against the previous year. South Korea exports peaked at X tons in 2014; however, from 2015 to 2019, exports remained at a lower figure.

In value terms, kaolin exports skyrocketed to $X in 2019. In general, exports, however, saw resilient growth. The most prominent rate of growth was recorded in 2018 when exports increased by X% y-o-y. Over the period under review, exports attained the maximum in 2019 and are expected to retain growth in the immediate term.

Exports by Country

Brazil (X tons) and the U.S. (X tons) represented roughly X% of total exports of kaolin in 2019. The UK (X tons) took an X% share (based on tons) of total exports, which put it in second place, followed by China (X%), the Czech Republic (X%), Belgium (X%), Germany (X%) and Ukraine (X%).

From 2007 to 2019, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by the Czech Republic, while exports for the other leaders experienced more modest paces of growth.

In value terms, the U.S. ($X) remains the largest kaolin supplier from South Korea, comprising X% of global exports. The second position in the ranking was occupied by Brazil ($X), with a X% share of global exports. It was followed by Belgium, with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of value in the U.S. totaled -X%. The remaining exporting countries recorded the following average annual rates of exports growth: Brazil (-X% per year) and Belgium (+X% per year).

Export Prices by Country

The kaolin export price in South Korea stood at $X per ton in 2019, growing by X% against the previous year. Over the period under review, the export price saw prominent growth. The pace of growth appeared the most rapid in 2018 when the export price increased by X% year-to-year. Over the period under review, export prices hit record highs in 2019 and is expected to retain growth in years to come.

Prices varied noticeably by the country of origin; the country with the highest price was the U.S. ($X per ton), while Ukraine ($X per ton) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by China, while the other leaders experienced more modest paces of growth.

Kaolin Imports

Imports into Republic of Korea

In 2019, purchases abroad of kaolin was finally on the rise to reach X tons for the first time since 2016, thus ending a two-year declining trend. In general, imports, however, continue to indicate a pronounced setback. South Korea imports peaked at X tons in 2007; however, from 2008 to 2019, imports stood at a somewhat lower figure.

In value terms, kaolin imports expanded modestly to $X in 2019. Overall, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 when imports increased by X% against the previous year. South Korea imports peaked at $X in 2016; however, from 2017 to 2019, imports failed to regain the momentum.

Imports by Country

In 2019, Belgium (X tons), followed by Finland (X tons), Italy (X tons), Russia (X tons), Germany (X tons) and China (X tons) were the key importers of kaolin, together creating X% of total imports. Canada (X tons), Japan (X tons), Mexico (X tons), Taiwan (Chinese) (X tons), the U.S. (X tons), Algeria (X tons) and Sweden (X tons) followed a long way behind the leaders.

From 2007 to 2019, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Algeria, while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest kaolin importing markets into South Korea were Belgium ($X), China ($X) and Japan ($X), together comprising X% of total imports. These countries were followed by Germany, Finland, Mexico, Italy, Canada, Sweden, Russia, the U.S., Taiwan (Chinese) and Algeria, which together accounted for a further X saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2019, the kaolin import price in South Korea amounted to $X per ton, reducing by -X% against the previous year. Over the period from 2007 to 2019, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2018 when the import price increased by X% y-o-y. As a result, import price reached the peak level of $X per ton, and then dropped in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2019, the country with the highest price was Japan ($X per ton), while Algeria ($X per ton) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Canada, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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