Republic of Korea: Kaolinitic Clays Market 2021

Kaolinitic Clays Market Size in Republic of Korea

The South Korean kaolinitic clays market skyrocketed to $X in 2019, picking up by X% against the previous year. Over the period under review, consumption, however, faced a deep contraction. The pace of growth appeared the most rapid in 2017 when the market value increased by X% year-to-year. South Korea consumption peaked at $X in 2007; however, from 2008 to 2019, consumption remained at a lower figure.

Kaolinitic Clays Production in Republic of Korea

In value terms, kaolinitic clays production skyrocketed to $X in 2019 estimated in export prices. Overall, production, however, showed a abrupt setback. The most prominent rate of growth was recorded in 2017 with an increase of X% y-o-y. South Korea production peaked at $X in 2007; however, from 2008 to 2019, production stood at a somewhat lower figure.

Kaolinitic Clays Exports

Exports from Republic of Korea

In 2019, approx. X tons of kaolinitic clays (ball and plastic clays) were exported from South Korea; surging by X% on the previous year's figure. In general, exports saw a pronounced increase. The most prominent rate of growth was recorded in 2014 when exports increased by X% year-to-year. South Korea exports peaked in 2019 and are likely to see gradual growth in the near future.

In value terms, kaolinitic clays exports surged to $X in 2019. Over the period under review, exports posted notable growth. The pace of growth appeared the most rapid in 2018 with an increase of X% y-o-y. South Korea exports peaked in 2019 and are expected to retain growth in the immediate term.

Exports by Country

In 2019, the U.S. (X tons), distantly followed by the UK (X tons), Spain (X tons), China (X tons), Ukraine (X tons) and India (X tons) represented the largest exporters of kaolinitic clays (ball and plastic clays), together comprising X% of total exports. Portugal (X tons) and Turkey (X tons) followed a long way behind the leaders.

From 2007 to 2019, the biggest increases were in India, while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest kaolinitic clays supplying countries from South Korea were the U.S. ($X), the UK ($X) and Spain ($X), together comprising X% of total exports. China, Ukraine, India, Portugal and Turkey lagged somewhat behind, together comprising a further X saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The kaolinitic clays export price in South Korea stood at $X per ton in 2019, surging by X% against the previous year. In general, the export price posted modest growth. The growth pace was the most rapid in 2009 when the export price increased by X% against the previous year. As a result, export price reached the peak level of $X per ton. From 2010 to 2019, the growth in terms of the export prices remained at a lower figure.

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

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by the UK, while the other leaders experienced a decline in the export price figures.

Kaolinitic Clays Imports

Imports into Republic of Korea

In 2019, overseas purchases of kaolinitic clays (ball and plastic clays) decreased by -X% to X tons, falling for the second consecutive year after five years of growth. In general, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010 with an increase of X% against the previous year. South Korea imports peaked at X tons in 2017; however, from 2018 to 2019, imports failed to regain the momentum.

In value terms, kaolinitic clays imports totaled $X in 2019. Over the period under review, imports, however, recorded a pronounced contraction. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2007; however, from 2008 to 2019, imports stood at a somewhat lower figure.

Imports by Country

The countries with the highest levels of kaolinitic clays imports in 2019 were Italy (X tons), Spain (X tons), China (X tons), Taiwan (Chinese) (X tons), Japan (X tons), Mexico (X tons), Algeria (X tons), the United Arab Emirates (X tons), Germany (X tons), Turkey (X tons), India (X tons) and Egypt (X tons), together accounting for X% of total import. Portugal (X tons) occupied a relatively small share of total imports.

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

In value terms, Italy ($X), Taiwan (Chinese) ($X) and China ($X) were the countries with the highest levels of imports in 2019, together accounting for X% of total imports. These countries were followed by Japan, Spain, Mexico, Germany, India, Portugal, Turkey, Egypt, Algeria and the United Arab Emirates, which together accounted for a further X terms of the main importing countries, India recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2019, the kaolinitic clays import price in South Korea amounted to $X per ton, rising by X% against the previous year. Overall, the import price, however, saw a noticeable descent. The growth pace was the most rapid in 2011 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2012 to 2019, the growth in terms of the import prices remained at a lower figure.

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

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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