Republic of Korea: Market for Acylic Monoamines,Their Derivatives And Salts Thereof (Excl. Methylamine; Di- or Trimethylamine) 2024

Market Size for Acylic Monoamines,Their Derivatives And Salts Thereof (Excl. Methylamine; Di- or Trimethylamine) in Republic of Korea

The South Korean market for acylic monoamines,their derivatives and salts thereof (excl. methylamine; di- or trimethylamine) reached $X in 2022, picking up by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Acylic Monoamines,Their Derivatives And Salts Thereof (Excl. Methylamine; Di- or Trimethylamine) in Republic of Korea

In value terms, production of acylic monoamines,their derivatives and salts thereof (excl. methylamine; di- or trimethylamine) expanded remarkably to $X in 2022 estimated in export price. In general, production, however, saw a pronounced curtailment. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. Over the period under review, production of reached the maximum level at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Exports of Acylic Monoamines,Their Derivatives And Salts Thereof (Excl. Methylamine; Di- or Trimethylamine)

Exports from Republic of Korea

In 2022, overseas shipments of acylic monoamines,their derivatives and salts thereof (excl. methylamine; di- or trimethylamine) decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, exports, however, posted a prominent increase. The most prominent rate of growth was recorded in 2021 when exports increased by X%. As a result, the exports attained the peak of X tons, and then reduced in the following year.

In value terms, exports of acylic monoamines,their derivatives and salts thereof (excl. methylamine; di- or trimethylamine) reduced to $X in 2022. Over the period under review, exports, however, enjoyed a significant expansion. The pace of growth was the most pronounced in 2017 with an increase of X%. The exports peaked at $X in 2021, and then contracted slightly in the following year.

Exports by Country

Taiwan (Chinese) (X tons), China (X tons) and the United States (X tons) were the main destinations of exports of acylic monoamines,their derivatives and salts thereof (excl. methylamine; di- or trimethylamine) from South Korea, with a combined X% share of total exports.

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

In value terms, Taiwan (Chinese) ($X) remains the key foreign market for acylic monoamines,their derivatives and salts thereof (excl. methylamine; di- or trimethylamine) exports from South Korea, comprising X% of total exports. The second position in the ranking was taken by China ($X), with a X% share of total exports. It was followed by Japan, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Taiwan (Chinese) totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (X% per year) and Japan (X% per year).

Export Prices by Country

In 2022, the average export price for acylic monoamines,their derivatives and salts thereof (excl. methylamine; di- or trimethylamine) amounted to $X per ton, surging by X% against the previous year. Overall, the export price enjoyed buoyant growth. The pace of growth was the most pronounced in 2017 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2019; however, from 2020 to 2022, 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 Japan ($X per ton), while the average price for exports to Singapore ($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 Iran (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Acylic Monoamines,Their Derivatives And Salts Thereof (Excl. Methylamine; Di- or Trimethylamine)

Imports into Republic of Korea

In 2022, imports of acylic monoamines,their derivatives and salts thereof (excl. methylamine; di- or trimethylamine) into South Korea dropped to X tons, shrinking by X% compared with 2021. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, imports of attained the maximum at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, imports of acylic monoamines,their derivatives and salts thereof (excl. methylamine; di- or trimethylamine) amounted to $X in 2022. Overall, total imports indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Imports peaked in 2022 and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X tons) constituted the largest acylic monoamines,their derivatives and salts thereof supplier to South Korea, with a X% share of total imports. Moreover, imports of acylic monoamines,their derivatives and salts thereof (excl. methylamine; di- or trimethylamine) from China exceeded the figures recorded by the second-largest supplier, Belgium (X tons), fourfold. The Philippines (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (X% per year) and the Philippines (X% per year).

In value terms, the largest acylic monoamines,their derivatives and salts thereof suppliers to South Korea were the United States ($X), China ($X) and Belgium ($X), with a combined X% share of total imports.

The United States, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for acylic monoamines,their derivatives and salts thereof (excl. methylamine; di- or trimethylamine) stood at $X per ton in 2022, with an increase of X% against the previous year. In general, import price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for acylic monoamines,their derivatives and salts thereof (excl. methylamine; di- or trimethylamine) increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per ton), while the price for the Philippines ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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