Report Update Nov 1, 2024

Republic of Korea - Phosphorus, Arsenic and Selenium - Market Analysis, Forecast, Size, Trends and Insights

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Republic of Korea: Market for Phosphorus, Arsenic And Selenium 2024

Market Size for Phosphorus, Arsenic And Selenium in Republic of Korea

The South Korean phosphorus, arsenic and selenium market surged to $X in 2021, with an increase of 25% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption showed a resilient expansion. Over the period under review, the market reached the peak level in 2021 and is likely to see steady growth in the near future.

Exports of Phosphorus, Arsenic And Selenium

Exports from Republic of Korea

After three years of decline, shipments abroad of phosphorus, arsenic and selenium increased by 22% to X tons in 2021. In general, exports, however, showed a pronounced shrinkage. The most prominent rate of growth was recorded in 2015 with an increase of 57%. As a result, the exports reached the peak of X tons. From 2016 to 2021, the growth of the exports remained at a lower figure.

In value terms, phosphorus, arsenic and selenium exports stood at $X in 2021. Over the period under review, exports, however, saw a precipitous decrease. The growth pace was the most rapid in 2017 when exports increased by 53%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Hong Kong SAR (X tons), India (X tons) and Belgium (X tons) were the main destinations of phosphorus, arsenic and selenium exports from South Korea, with a combined 75% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Belgium (with a CAGR of +42.8%), while the other leaders experienced more modest paces of growth.

In value terms, Hong Kong SAR ($X), India ($X) and Belgium ($X) appeared to be the largest markets for phosphorus, arsenic and selenium exported from South Korea worldwide, together accounting for 72% of total exports.

Belgium, with a CAGR of +28.2%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2021, the average phosphorus, arsenic and selenium export price amounted to $X per ton, declining by -7.3% against the previous year. Over the period under review, the export price showed a abrupt decline. The pace of growth was the most pronounced in 2018 when the average export price increased by 12% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to the Netherlands ($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 Belgium (-10.2%), while the prices for the other major destinations experienced a decline.

Imports of Phosphorus, Arsenic And Selenium

Imports into Republic of Korea

In 2021, approx. X tons of phosphorus, arsenic and selenium were imported into South Korea; surging by 14% against 2020 figures. Over the period under review, imports showed a resilient increase. The most prominent rate of growth was recorded in 2017 with an increase of 80% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to see gradual growth in the near future.

In value terms, phosphorus, arsenic and selenium imports skyrocketed to $X in 2021. Overall, imports enjoyed a prominent increase. The pace of growth was the most pronounced in 2017 when imports increased by 69% against the previous year. Imports peaked in 2021 and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Vietnam (X tons) was the main supplier of phosphorus, arsenic and selenium to South Korea, accounting for a 99% share of total imports. It was followed by China (X tons), with a 1.1% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from Vietnam stood at +15.9%.

In value terms, Vietnam ($X) constituted the largest supplier of phosphorus, arsenic and selenium to South Korea, comprising 93% of total imports. The second position in the ranking was held by China ($X), with a 2% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Vietnam stood at +14.3%.

Import Prices by Country

In 2021, the average phosphorus, arsenic and selenium import price amounted to $X per ton, with an increase of 12% 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 peak figure at $X per ton in 2013; however, from 2014 to 2021, 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 China ($X per ton), while the price for Vietnam stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+8.2%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for phosphorus, arsenic and selenium in the world?

The countries with the highest volumes of in 2021 were China, India and Germany, together accounting for 49% of global consumption. Kazakhstan, Japan, Poland, the Czech Republic, Vietnam, Brazil, South Korea, Italy, Taiwan Chinese) and Belgium lagged somewhat behind, together comprising a further 43%.

What are the largest producers of phosphorus, arsenic and selenium in the world?

The countries with the highest volumes of in 2021 were Vietnam, Kazakhstan and China, with a combined 94% share of global production.

What are the leading suppliers of phosphorus, arsenic and selenium to Republic of Korea?

In value terms, Vietnam constituted the largest supplier of phosphorus, arsenic and selenium to South Korea.

What are the leading importers of phosphorus, arsenic and selenium from Republic of Korea?

In value terms, Hong Kong SAR, India and Germany were the largest markets for phosphorus, arsenic and selenium exported from South Korea worldwide, with a combined 68% share of total exports. China, Belgium, the Netherlands and Vietnam lagged somewhat behind, together comprising a further 29%.

What is the average export price for phosphorus, arsenic and selenium in Republic of Korea?

In 2021, the average phosphorus, arsenic and selenium export price amounted to $14,339 per ton, rising by 10% against the previous year.

What is the average import price for phosphorus, arsenic and selenium in Republic of Korea?

The average phosphorus, arsenic and selenium import price stood at $3,228 per ton in 2021, dropping by -1.8% against the previous year.

This report provides an in-depth analysis of the market for phosphorus, arsenic and selenium 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 20132180 - Phosphorus, arsenic, selenium

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
Find deeper insights into current market developments
Discover vital success factors affecting the market

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
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

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