Republic of Korea - Compounds With Other Nitrogen Function (Excluding Isocyanates) - Market Analysis, Forecast, Size, Trends And Insights
Report Update: May 1, 2024

Republic of Korea - Compounds With Other Nitrogen Function (Excluding Isocyanates) - Market Analysis, Forecast, Size, Trends And Insights

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Price for Compounds with Other Nitrogen Function in South Korea - 2022

Contents:

  1. Price for Compounds with Other Nitrogen Function in South Korea (FOB) - 2022
  2. Price for Compounds with Other Nitrogen Function in South Korea (CIF) - 2022
  3. Exports of Compounds with Other Nitrogen Function in South Korea
  4. Imports of Compounds with Other Nitrogen Function in South Korea

Price for Compounds with Other Nitrogen Function in South Korea (FOB) - 2022

The average export price for compounds with other nitrogen function (excluding isocyanates) stood at $1.5M per ton in December 2022, rising by 12% against the previous month. Over the period under review, the export price posted resilient growth. The pace of growth appeared the most rapid in January 2022 an increase of 78% m-o-m. The export price peaked at $1.5M per ton in October 2022; afterwards, it flattened through to December 2022.

There were significant differences in the average prices for the major foreign markets. In December 2022, the country with the highest price was Taiwan (Chinese) ($1.8M per ton), while the average price for exports to the United States ($331K 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 China (+12.2%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Compounds with Other Nitrogen Function in South Korea (CIF) - 2022

The average import price for compounds with other nitrogen function (excluding isocyanates) stood at $18,752 per ton in 2022, which is down by -46% against the previous year. Over the period under review, the import price, however, continues to indicate a perceptible increase. The pace of growth was the most pronounced in 2021 when the average import price increased by 49%. As a result, import price reached the peak level of $34,742 per ton, and then shrank significantly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($279,303 per ton), while the price for Germany ($9,948 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+8.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Compounds with Other Nitrogen Function in South Korea

In 2022, the amount of compounds with other nitrogen function (excluding isocyanates) exported from South Korea skyrocketed to 982 tons, rising by 790% on the previous year's figure. In general, exports continue to indicate significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, compounds with other nitrogen function exports surged to $103M in 2022. Over the period under review, exports saw significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Export of Compounds with Other Nitrogen Function in South Korea (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
China3.13.05.340.3135.1%
Japan1.41.71.824.0157.8%
SingaporeN/A0.22.018.0848.7%
United StatesN/AN/A3.19.2196.8%
Others0.20.36.211.8289.3%
Total4.75.118.5103179.8%

Top Export Markets for Compounds with Other Nitrogen Function from South Korea in 2022:

  1. Singapore (770.8 tons)
  2. China (139.3 tons)
  3. Japan (42.8 tons)
  4. United States (21.5 tons)

Imports of Compounds with Other Nitrogen Function in South Korea

In 2022, purchases abroad of compounds with other nitrogen function (excluding isocyanates) increased by 5.7% to 1.3K tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, recorded a drastic downturn.

In value terms, compounds with other nitrogen function imports dropped dramatically to $25M in 2022. In general, imports, however, faced a deep slump. The pace of growth appeared the most rapid in 2021 with an increase of 27% against the previous year. As a result, imports attained the peak of $44M, and then declined notably in the following year.

Import of Compounds with Other Nitrogen Function in South Korea (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Germany15.011.69.510.7-10.6%
Japan11.317.329.25.8-19.9%
Russia1.41.31.03.535.7%
Taiwan (Chinese)1.61.21.81.60.0%
China7.71.91.11.0-49.4%
Others0.61.21.22.356.5%
Total37.534.643.825.0-12.6%

Top Suppliers of Compounds with Other Nitrogen Function to South Korea in 2022:

  1. Germany (1080.0 tons)
  2. Taiwan (Chinese) (121.8 tons)
  3. Russia (51.5 tons)
  4. China (24.1 tons)
  5. Japan (20.7 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for compounds with other nitrogen function 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 20144490 - Compounds with other nitrogen function (excluding isocyanates)

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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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. 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. 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. 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. 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. 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. 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. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. 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
  12. 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
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