Republic of Korea: Market for Organic Derivatives Of Hydrazine Or Of Hydroxylamine 2025

Market Size for Organic Derivatives Of Hydrazine Or Of Hydroxylamine in Republic of Korea

In 2022, the South Korean hydrazine and hydroxylamine derivatives market increased by 18% to $X, rising for the second year in a row after two years of decline. Overall, consumption continues to indicate a pronounced decrease. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Organic Derivatives Of Hydrazine Or Of Hydroxylamine in Republic of Korea

In value terms, hydrazine and hydroxylamine derivatives production contracted to $X in 2022 estimated in export price. Overall, production showed a perceptible decline. The most prominent rate of growth was recorded in 2017 when the production volume increased by 51% against the previous year. Hydrazine and hydroxylamine derivatives production peaked at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Exports of Organic Derivatives Of Hydrazine Or Of Hydroxylamine

Exports from Republic of Korea

In 2022, approx. X tons of organic derivatives of hydrazine or of hydroxylamine were exported from South Korea; declining by -12.1% against 2021 figures. In general, exports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of 55% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, hydrazine and hydroxylamine derivatives exports shrank to $X in 2022. Overall, exports, however, enjoyed a resilient increase. The growth pace was the most rapid in 2017 when exports increased by 69%. The exports peaked at $X in 2021, and then declined in the following year.

Exports by Country

The United States (X tons), Belgium (X tons) and Japan (X tons) were the main destinations of hydrazine and hydroxylamine derivatives exports from South Korea, with a combined 64% share of total exports. Spain, China, Taiwan (Chinese) and Indonesia lagged somewhat behind, together accounting for a further 22%.

From 2012 to 2022, the biggest increases were recorded for Taiwan (Chinese) (with a CAGR of +67.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Japan ($X) and Belgium ($X) appeared to be the largest markets for hydrazine and hydroxylamine derivatives exported from South Korea worldwide, with a combined 67% share of total exports. China, Spain, Indonesia and Taiwan (Chinese) lagged somewhat behind, together comprising a further 22%.

In terms of the main countries of destination, Taiwan (Chinese), with a CAGR of +52.7%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average hydrazine and hydroxylamine derivatives export price stood at $X per ton in 2022, remaining stable against the previous year. In general, export price indicated prominent growth from 2012 to 2022: its price increased at an average annual rate of +7.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, hydrazine and hydroxylamine derivatives export price increased by +84.0% against 2015 indices. The growth pace was the most rapid in 2019 an increase of 22% against the previous year. The export price peaked in 2022 and is likely to continue growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Indonesia ($X per ton), while the average price for exports to Spain ($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 Indonesia (+12.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Organic Derivatives Of Hydrazine Or Of Hydroxylamine

Imports into Republic of Korea

After four years of growth, supplies from abroad of organic derivatives of hydrazine or of hydroxylamine decreased by -2.5% to X tons in 2022. Over the period under review, total imports indicated a resilient increase from 2012 to 2022: its volume increased at an average annual rate of +6.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +50.9% against 2017 indices. The pace of growth appeared the most rapid in 2014 with an increase of 49%. Imports peaked at X tons in 2021, and then dropped in the following year.

In value terms, hydrazine and hydroxylamine derivatives imports skyrocketed to $X in 2022. Overall, total imports indicated a temperate expansion from 2012 to 2022: its value increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +118.1% against 2017 indices. The most prominent rate of growth was recorded in 2014 when imports increased by 67%. Over the period under review, imports attained the peak figure in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

The United States (X tons), China (X tons) and India (X tons) were the main suppliers of hydrazine and hydroxylamine derivatives imports to South Korea, together accounting for 84% of total imports.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of +35.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest hydrazine and hydroxylamine derivatives suppliers to South Korea were China ($X), Switzerland ($X) and India ($X), with a combined 83% share of total imports.

In terms of the main suppliers, India, with a CAGR of +30.1%, saw 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 2022, the average hydrazine and hydroxylamine derivatives import price amounted to $X per ton, surging by 39% against the previous year. In general, the import price, however, continues to indicate a perceptible descent. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Switzerland ($X per ton), while the price for the United States ($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 (+8.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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