Hydantoin Market Overview in South Korea
In value terms, hydantoin production amounted to $4.1M in 2010 estimated in export prices. The total output value increased at an average annual rate of +1.1% over the period from 2007 to 2010; the trend pattern remained consistent, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2008 with an increase of 8.1% y-o-y. Hydantoin production peaked at $4.4M in 2009, and then declined slightly in the following year.
The revenue of the hydantoin market in South Korea amounted to $6.3M in 2010, coming down by -4.9% 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, hydantoin consumption continues to indicate a perceptible slump. The growth pace was the most rapid in 2009 with a decrease of -1% year-to-year. Over the period under review, the hydantoin market attained its peak figure level at $7M in 2007; however, from 2008 to 2010, consumption stood at a somewhat lower figure.