Report Update Nov 1, 2024

Republic of Korea - Phosphinates (Hypophosphites) and Phosphonates (Phosphites) - Market Analysis, Forecast, Size, Trends and Insights

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Republic of Korea: Phosphinates And Phosphonates Market 2024

Phosphinates And Phosphonates Market Size in Republic of Korea

In 2022, the South Korean phosphinates and phosphonates market increased by 26% to $X, rising for the second consecutive year after three years of decline. Over the period under review, consumption, however, continues to indicate a prominent increase. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in the near future.

Phosphinates And Phosphonates Production in Republic of Korea

In value terms, phosphinates and phosphonates production skyrocketed to $X in 2022 estimated in export price. Over the period under review, production, however, saw a abrupt setback. Over the period under review, production attained the maximum level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Phosphinates And Phosphonates Exports

Exports from Republic of Korea

In 2022, exports of phosphinates (hypophosphites) and phosphonates (phosphites) from South Korea contracted rapidly to X tons, declining by -87.3% compared with the year before. Over the period under review, exports faced a sharp curtailment. The pace of growth was the most pronounced in 2018 when exports increased by 339%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, phosphinates and phosphonates exports shrank remarkably to $X in 2022. In general, exports recorded a dramatic shrinkage. The pace of growth appeared the most rapid in 2018 when exports increased by 187%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Vietnam (X tons) was the main destination for phosphinates and phosphonates exports from South Korea, with a 74% share of total exports. Moreover, phosphinates and phosphonates exports to Vietnam exceeded the volume sent to the second major destination, China (X tons), fourfold.

From 2012 to 2022, the average annual growth rate of volume to Vietnam amounted to +37.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+2.9% per year) and Indonesia (-20.6% per year).

In value terms, Vietnam ($X) remains the key foreign market for phosphinates (hypophosphites) and phosphonates (phosphites) exports from South Korea, comprising 80% of total exports. The second position in the ranking was taken by China ($X), with an 11% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Vietnam totaled +48.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-0.6% per year) and Indonesia (-12.5% per year).

Export Prices by Country

In 2022, the average phosphinates and phosphonates export price amounted to $X per ton, jumping by 48% against the previous year. Overall, the export price saw a resilient expansion. The pace of growth was the most pronounced in 2015 an increase of 89% against the previous year. The export price peaked in 2022 and is likely to see gradual growth in years to come.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, 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 2022, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+10.1%), while the prices for the other major destinations experienced more modest paces of growth.

Phosphinates And Phosphonates Imports

Imports into Republic of Korea

Phosphinates and phosphonates imports into South Korea fell to X tons in 2022, with a decrease of -12.1% compared with the year before. Over the period under review, total imports indicated a notable expansion from 2012 to 2022: its volume increased at an average annual rate of +2.1% 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 +62.6% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 85% against the previous year. As a result, imports reached the peak of X tons, and then fell in the following year.

In value terms, phosphinates and phosphonates imports soared to $X in 2022. In general, imports, however, continue to indicate a prominent increase. The pace of growth was the most pronounced in 2021 with an increase of 128% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.

Imports by Country

In 2022, China (X tons) was the main supplier of phosphinates and phosphonates to South Korea, with a approx. 99% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +2.2%.

In value terms, China ($X) constituted the largest supplier of phosphinates (hypophosphites) and phosphonates (phosphites) to South Korea.

From 2012 to 2022, the average annual growth rate of value from China amounted to +11.7%.

Import Prices by Country

In 2022, the average phosphinates and phosphonates import price amounted to $X per ton, picking up by 55% against the previous year. Over the period under review, the import price continues to indicate a prominent increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to +9.2% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for phosphinates (hypophosphites) and phosphonates (phosphites) in the world?

The countries with the highest volumes of in 2021 were India, the United States and Germany, together comprising 33% of global consumption.

What are the largest producers of phosphinates (hypophosphites) and phosphonates (phosphites) in the world?

The country with the largest volume of phosphinates and phosphonates production was China, accounting for 52% of total volume. Moreover, phosphinates and phosphonates production in China exceeded the figures recorded by the second-largest producer, India, sixfold. The third position in this ranking was occupied by the United States, with a 4.4% share.

What are the leading suppliers of phosphinates (hypophosphites) and phosphonates (phosphites) to Republic of Korea?

In value terms, China constituted the largest supplier of phosphinates and phosphonates to South Korea.

What are the leading importers of phosphinates (hypophosphites) and phosphonates (phosphites) from Republic of Korea?

In value terms, Vietnam remains the key foreign market for phosphinates and phosphonates exports from South Korea.

What is the average export price for phosphinates (hypophosphites) and phosphonates (phosphites) in Republic of Korea?

The average phosphinates and phosphonates export price stood at $3,824 per ton in 2021, declining by -3.2% against the previous year.

What is the average import price for phosphinates (hypophosphites) and phosphonates (phosphites) in Republic of Korea?

The average phosphinates and phosphonates import price stood at $2,364 per ton in 2021, surging by 2% against the previous year.

This report provides an in-depth analysis of the phosphinates and phosphonates 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 20134220 - Phosphinates (hypophosphites) and phosphonates (phosphites)

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

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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