Report Update Nov 1, 2024

Republic of Korea - Sulphites - Market Analysis, Forecast, Size, Trends and Insights

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Republic of Korea: Sulphites Market 2024

Sulphites Market Size in Republic of Korea

In 2022, the South Korean sulphites market increased by 173% to $X, rising for the third consecutive year after two years of decline. Over the period under review, consumption showed a significant expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Sulphites Exports

Exports from Republic of Korea

In 2022, after two years of growth, there was significant decline in shipments abroad of sulphites, when their volume decreased by -32.1% to X tons. Overall, exports showed a abrupt slump. The pace of growth appeared the most rapid in 2020 with an increase of 56% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, sulphites exports shrank remarkably to $X in 2022. Over the period under review, exports showed a abrupt contraction. The most prominent rate of growth was recorded in 2014 with an increase of 97%. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Vietnam (X tons), Japan (X tons) and Pakistan (X tons) were the main destinations of sulphites exports from South Korea, with a combined 86% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Pakistan (with a CAGR of +176.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for sulphites exported from South Korea were Vietnam ($X), Japan ($X) and Pakistan ($X), together comprising 75% of total exports.

Among the main countries of destination, Pakistan, with a CAGR of +146.6%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average sulphites export price amounted to $X per ton, growing by 6.9% against the previous year. Over the period under review, the export price showed a mild expansion. The pace of growth was the most pronounced in 2014 an increase of 69% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Fiji ($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 China (+17.9%), while the prices for the other major destinations experienced more modest paces of growth.

Sulphites Imports

Imports into Republic of Korea

In 2022, overseas purchases of sulphites increased by 175% to X tons, rising for the third year in a row after two years of decline. In general, imports posted a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, sulphites imports surged to $X in 2022. Over the period under review, imports enjoyed a remarkable increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X tons) was the main supplier of sulphites to South Korea, accounting for a 92% share of total imports. Moreover, sulphites imports from China exceeded the figures recorded by the second-largest supplier, Thailand (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from China stood at +25.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+3.3% per year) and Germany (+2.7% per year).

In value terms, China ($X) constituted the largest supplier of sulphites to South Korea, comprising 86% of total imports. The second position in the ranking was held by Thailand ($X), with an 8.5% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China amounted to +20.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+7.2% per year) and Germany (-1.2% per year).

Import Prices by Country

The average sulphites import price stood at $X per ton in 2022, which is down by -7.5% against the previous year. Overall, the import price continues to indicate a perceptible decline. The most prominent rate of growth was recorded in 2013 when the average import price increased by 28% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+3.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for sulphites in the world?

The countries with the highest volumes of in 2021 were China, the United States and India, with a combined 38% share of global consumption. Japan, Democratic Republic of the Congo, Russia, Germany, Brazil, the UK, France, Mexico, Italy and Iran lagged somewhat behind, together comprising a further 34%.

What are the largest producers of sulphites in the world?

China constituted the country with the largest volume of sulphites production, accounting for 33% of total volume. Moreover, sulphites production in China exceeded the figures recorded by the second-largest producer, the United States, threefold. India ranked third in terms of total production with a 9.5% share.

What are the leading suppliers of sulphites to Republic of Korea?

In value terms, the largest sulphites suppliers to South Korea were China, Thailand and Germany, together comprising 88% of total imports. These countries were followed by Japan and Taiwan Chinese), which together accounted for a further 9.3%.

What are the leading importers of sulphites from Republic of Korea?

In value terms, Myanmar remains the key foreign market for sulphites exports from South Korea, comprising 53% of total exports. The second position in the ranking was occupied by Egypt, with a 12% share of total exports. It was followed by the Philippines, with a 7.7% share.

What is the average export price for sulphites in Republic of Korea?

The average sulphites export price stood at $879 per ton in 2021, declining by -28.3% against the previous year.

What is the average import price for sulphites in Republic of Korea?

In 2021, the average sulphites import price amounted to $567 per ton, growing by 1.7% against the previous year.

This report provides an in-depth analysis of the sulphites 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 20134133 - Sulphites

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