Report Update Nov 1, 2024

Republic of Korea - Peroxosulphates (Persulphates) - Market Analysis, Forecast, Size, Trends and Insights

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Republic of Korea: Peroxosulphates Market 2024

Peroxosulphates Market Size in Republic of Korea

In 2021, the South Korean peroxosulphates market decreased by -10.8% to $X, falling for the second year in a row after four years of growth. In general, consumption recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the market value increased by 7.1% against the previous year. Peroxosulphates consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Peroxosulphates Exports

Exports from Republic of Korea

Peroxosulphates exports from South Korea soared to X tons in 2021, jumping by 62% against the year before. Over the period under review, exports enjoyed a prominent increase. The most prominent rate of growth was recorded in 2016 when exports increased by 137% against the previous year. As a result, the exports reached the peak of X tons. From 2017 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, peroxosulphates exports soared to $X in 2021. In general, exports continue to indicate resilient growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Vietnam (X tons) was the main destination for peroxosulphates exports from South Korea, with a 64% share of total exports. Moreover, peroxosulphates exports to Vietnam exceeded the volume sent to the second major destination, China (X tons), threefold. The third position in this ranking was taken by Bangladesh (X tons), with a 5.9% share.

From 2012 to 2021, the average annual growth rate of volume to Vietnam amounted to +57.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-2.8% per year) and Bangladesh (+27.3% per year).

In value terms, Vietnam ($X) remains the key foreign market for peroxosulphates exports from South Korea, comprising 88% of total exports. The second position in the ranking was taken by China ($X), with a 5.5% share of total exports. It was followed by Bangladesh, with a 2.7% share.

From 2012 to 2021, the average annual growth rate of value to Vietnam totaled +63.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-7.1% per year) and Bangladesh (+26.7% per year).

Export Prices by Country

In 2021, the average peroxosulphates export price amounted to $X per ton, growing by 167% against the previous year. In general, the export price continues to indicate a prominent expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was Vietnam ($X per ton), while the average price for exports to China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+3.8%), while the prices for the other major destinations experienced a decline.

Peroxosulphates Imports

Imports into Republic of Korea

In 2021, purchases abroad of peroxosulphates (persulphates) decreased by -14.5% to X tons, falling for the fourth consecutive year after two years of growth. Overall, imports recorded a noticeable contraction. The most prominent rate of growth was recorded in 2016 with an increase of 8.6%. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, peroxosulphates imports contracted to $X in 2021. Over the period under review, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when imports increased by 7.2% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

China (X tons), Japan (X tons) and the United States (X tons) were the main suppliers of peroxosulphates imports to South Korea, together accounting for 97% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Japan (with a CAGR of +7.3%), while imports for the other leaders experienced a decline.

In value terms, the largest peroxosulphates suppliers to South Korea were China ($X), Japan ($X) and the United States ($X), with a combined 96% share of total imports.

Among the main suppliers, Japan, with a CAGR of +4.9%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average peroxosulphates import price stood at $X per ton in 2021, with an increase of 5.5% against the previous year. Over the last nine years, it increased at an average annual rate of +1.9%. The pace of growth appeared the most rapid in 2019 when the average import price increased by 7.4%. As a result, import price attained the peak level of $X per ton; afterwards, it flattened through to 2021.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+4.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for peroxosulphates (persulphates) in the world?

The countries with the highest volumes of in 2021 were South Korea, Taiwan Chinese) and Italy, with a combined 42% share of global consumption. These countries were followed by China, Mexico, Brazil, the United States, Belgium, Thailand, Russia, Canada, the UK and France, which together accounted for a further 35%.

What are the largest producers of peroxosulphates (persulphates) in the world?

The country with the largest volume of peroxosulphates production was China, accounting for 46% of total volume. Moreover, peroxosulphates production in China exceeded the figures recorded by the second-largest producer, Japan, twofold. The third position in this ranking was occupied by the United States, with a 17% share.

What are the leading suppliers of peroxosulphates (persulphates) to Republic of Korea?

In value terms, China, Japan and the United States constituted the largest peroxosulphates suppliers to South Korea, together comprising 93% of total imports.

What are the leading importers of peroxosulphates (persulphates) from Republic of Korea?

In value terms, Vietnam, China and Bangladesh were the largest markets for peroxosulphates exported from South Korea worldwide, with a combined 91% share of total exports.

What is the average export price for peroxosulphates (persulphates) in Republic of Korea?

In 2021, the average peroxosulphates export price amounted to $1,722 per ton, with a decrease of -12.3% against the previous year.

What is the average import price for peroxosulphates (persulphates) in Republic of Korea?

The average peroxosulphates import price stood at $1,383 per ton in 2021, increasing by 3.5% against the previous year.

This report provides an in-depth analysis of the peroxosulphates market in Republic of Korea. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20134175 - Peroxosulphates (persulphates)

Country coverage:

South Korea

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Republic of Korea
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
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This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
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While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023