Ether Market Overview in South Korea
In value terms, ether production rose notably to $ in 2019 estimated in export prices. Overall, the total production indicated a slight expansion from 2007 to 2019: its value increased at an average annual rate of +% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, production increased by +% against 2016 indices. The pace of growth appeared the most rapid in 2013 with an increase of % against the previous year. Over the period under review, production hit record highs in 2019 and is expected to retain growth in the near future.
The size of the ether market in South Korea contracted to $ in 2019, waning by -% 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). Overall, consumption showed a slight curtailment. The pace of growth was the most pronounced in 2010 when the market value increased by % y-o-y. South Korea consumption peaked at $ in 2011; however, from 2012 to 2019, consumption failed to regain the momentum.