Republic of Korea - Amino-Resins, Phenolic Resins And Polyurethanes (In Primary Forms) - Market Analysis, Forecast, Size, Trends and Insights
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View PricingAmino-Resin Price in South Korea - 2022
Contents:
- Amino-Resin Price in South Korea (FOB) - 2022
- Amino-Resin Price in South Korea (CIF) - 2022
- Amino-Resin Exports in South Korea
- Amino-Resin Imports in South Korea
Amino-Resin Price in South Korea (FOB) - 2022
The average amino-resin export price stood at $2,540 per ton in December 2022, falling by -9.3% against the previous month. Over the period under review, the export price saw a mild slump. The pace of growth appeared the most rapid in November 2022 when the average export price increased by 7.1% m-o-m. The export price peaked at $3,210 per ton in December 2021; however, from January 2022 to December 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In December 2022, the country with the highest price was Vietnam ($3,827 per ton), while the average price for exports to Malaysia ($1,751 per ton) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+0.6%), while the prices for the other major destinations experienced a decline.
Amino-Resin Price in South Korea (CIF) - 2022
In December 2022, the average amino-resin import price amounted to $2,691 per ton, rising by 16% against the previous month. Overall, the import price, however, showed a mild descent. Over the period under review, average import prices hit record highs at $3,395 per ton in January 2022; however, from February 2022 to December 2022, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In December 2022, the country with the highest price was the United States ($8,680 per ton), while the price for China ($2,046 per ton) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by the United States (+4.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Amino-Resin Exports in South Korea
In 2022, shipments abroad of amino-resins, phenolic resins and polyurethanes (in primary forms) decreased by -3.9% to 420K tons for the first time since 2018, thus ending a three-year rising trend. The total export volume increased at an average annual rate of +7.3% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The growth pace was the most rapid in 2021 when exports increased by 19% against the previous year. As a result, the exports attained the peak of 437K tons, and then contracted modestly in the following year.
In value terms, amino-resin exports dropped to $1.2B in 2022. In general, total exports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +14.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +49.5% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 58%. As a result, the exports attained the peak of $1.3B, and then shrank in the following year.
Export of Amino-Resin in South Korea (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 263 | 288 | 353 | 309 | 5.5% |
India | 77.4 | 53.6 | 96.9 | 123 | 16.7% |
Vietnam | 108 | 111 | 130 | 123 | 4.4% |
United States | 33.9 | 36.3 | 83.2 | 85.2 | 36.0% |
Turkey | 18.7 | 26.3 | 68.3 | 55.5 | 43.7% |
Indonesia | 33.2 | 37.8 | 58.1 | 49.9 | 14.5% |
Thailand | 27.8 | 30.6 | 45.3 | 45.4 | 17.8% |
Japan | 37.7 | 30.0 | 42.7 | 38.3 | 0.5% |
Taiwan (Chinese) | 20.8 | 21.0 | 28.7 | 28.3 | 10.8% |
Mexico | 12.0 | 9.9 | 30.5 | 23.3 | 24.8% |
United Arab Emirates | 3.2 | 4.2 | 6.2 | 20.2 | 84.8% |
Malaysia | 16.0 | 15.7 | 22.1 | 19.7 | 7.2% |
France | 7.6 | 10.3 | 32.5 | 19.0 | 35.7% |
Others | 147 | 125 | 270 | 257 | 20.5% |
Total | 806 | 800 | 1,267 | 1,197 | 14.1% |
Top Export Markets for Amino-Resin from South Korea in 2022:
- China (89.9K tons)
- India (57.3K tons)
- Vietnam (32.4K tons)
- United States (27.1K tons)
- Turkey (22.7K tons)
- Thailand (18.4K tons)
- Indonesia (14.7K tons)
- Japan (13.1K tons)
- France (9.6K tons)
- Mexico (8.3K tons)
- Malaysia (8.3K tons)
- United Arab Emirates (8.2K tons)
- Taiwan (Chinese) (8.0K tons)
Amino-Resin Imports in South Korea
In 2022, amino-resin imports into South Korea fell to 157K tons, declining by -2.3% against the previous year. The total import volume increased at an average annual rate of +2.7% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 13%. As a result, imports reached the peak of 161K tons, and then fell in the following year.
In value terms, amino-resin imports fell slightly to $444M in 2022. Overall, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +9.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +42.0% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 45% against the previous year. As a result, imports reached the peak of $452M, and then reduced in the following year.
Import of Amino-Resin in South Korea (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 143 | 136 | 236 | 235 | 18.0% |
Japan | 50.8 | 39.5 | 49.6 | 40.2 | -7.5% |
Germany | 31.5 | 36.0 | 41.3 | 35.5 | 4.1% |
Saudi Arabia | 13.2 | 21.1 | 31.0 | 29.9 | 31.3% |
Taiwan (Chinese) | 16.7 | 16.5 | 20.8 | 18.8 | 4.0% |
United States | 18.9 | 14.2 | 18.8 | 17.6 | -2.3% |
Portugal | 19.5 | 6.1 | 4.3 | 9.7 | -20.8% |
Vietnam | 4.7 | 4.2 | 5.6 | 7.4 | 16.3% |
Others | 43.0 | 38.8 | 44.7 | 49.4 | 4.7% |
Total | 341 | 312 | 452 | 444 | 9.2% |
Top Suppliers of Amino-Resin to South Korea in 2022:
- China (98.5K tons)
- Saudi Arabia (16.4K tons)
- Portugal (8.7K tons)
- Germany (7.2K tons)
- Taiwan (Chinese) (6.3K tons)
- Japan (5.2K tons)
- Vietnam (2.6K tons)
- United States (2.4K tons)
This report provides an in-depth analysis of the amino-resin 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 20165550 - Urea resins and thiourea resins, in primary forms
- Prodcom 20165570 - Melamine resins, in primary forms
- Prodcom 20165630 - Amino resins, in primary forms (excluding urea and thiourea resins, melamine resins)
- Prodcom 20165650 - Phenolic resins, in primary forms
- Prodcom 20165670 - Polyurethanes, in primary forms
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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the amino-resin market in Republic of Korea.
This report provides an in-depth analysis of the phenolic resins market in Republic of Korea.
This report provides an in-depth analysis of the melamine resins market in Republic of Korea.
This report provides an in-depth analysis of the polyurethanes market in Republic of Korea.
This report provides an in-depth analysis of the market for urea and thiourea resins in Republic of Korea.
This report provides an in-depth analysis of the amino resin market in Republic of Korea.
This report provides an in-depth analysis of the global amino-resin market.
This report provides an in-depth analysis of the global phenolic resins market.
This report provides an in-depth analysis of the global melamine resins market.
This report provides an in-depth analysis of the global polyurethanes market.
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In 2016, approx. X tons of amino resin were imported worldwide- jumping by X% against the previous year figure. The total import volume increased at an average annual rate of +X% from 2007 to X>
In 2016, approx. X tons of amino resin were imported worldwide- jumping by X% against the previous year figure. The total import volume increased at an average annual rate of +X% from 2007 to X>
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The global amino resin market revenue amounted to $68.1B in 2018, rising by 6.6% against the previous year. This...
In 2016, approx. X tons of amino resin were imported worldwide- jumping by X% against the previous year figure. The total import volume increased at an average annual rate of +X% from 2007 to X>