Commodity Market Report
South Korea product markets 2021 outlook to 2050
This report is currently unavailable
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
South Korea was surplus total products supply 206,000 b/d versus demand in 2020. By 2050, South Korea surplus in diesel/gasoil, jet/kerosene, gasoline and fuel oil will have grown significantly and deficits for LPG and naphtha will have declined. From 2019 to 2040, we project South Korea’s oil demand to fall by over 400,000 b/d (or an annual average of less than 1%) of which over 300,000 b/d originates from the road transport sector. From 2040 to 2050, total demand declines by nearly 400,000 b/d, reaching 2.0 million b/d.
Table of contents
-
Fuel quality specifications
- Gasoline
- Diesel/gasoil
- Fuel oil
- Refinery infrastructure and investments
- Refinery supply
- Non-refinery supply
Tables and charts
This report includes the following images and tables:
- Refineries in South Korea
- Refinery Throughput and Utilisation
- Non-refinery supply by product
- Non-refinery supply by source
- Historic Net Product Trade
- All Supply Balances
What's included
This report contains:
Other reports you may be interested in
Insight
Thrive, not survive, in the cutthroat Asian refining and oils market
Takeaways from Wood Mackenzie APPEC Briefing 2025 in Singapore
$900
Insight
Contrasting Futures: Japan vs South Korea in Refining and Chemicals
Parallel challenges, divergent outcomes — the strategies shaping Japan and South Korea refining and chemical sectors
$900
Commodity Market Report
Battle for the future 2023: Plummeting solar costs remake the power landscape in Asia Pacific
Analysis and outlook for APAC power technology and generation cost trends, including LCOE data and assumptions covering 26 technologies.
$15,000
