Cerium Compounds Price in South Korea - 2022
Contents:
- Cerium Compounds Price in South Korea (CIF) - 2022
- Cerium Compounds Price in South Korea (FOB) - 2022
- Cerium Compounds Imports in South Korea
- Cerium Compounds Exports in South Korea
Cerium Compounds Price in South Korea (CIF) - 2022
In 2022, the average cerium compounds import price amounted to $19,950 per ton, rising by 22% against the previous year. Overall, the import price, however, recorded a pronounced downturn. Over the period under review, average import prices hit record highs at $28,386 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Taiwan (Chinese) ($66,375 per ton), while the price for India ($5,942 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+5.7%), while the prices for the other major suppliers experienced mixed trend patterns.
Cerium Compounds Price in South Korea (FOB) - 2022
The average cerium compounds export price stood at $24,791 per ton in 2022, increasing by 79% against the previous year. Over the period under review, the export price, however, showed a mild curtailment. The pace of growth appeared the most rapid in 2018 when the average export price increased by 86% against the previous year. Over the period under review, the average export prices hit record highs at $43,698 per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($67,542 per ton), while the average price for exports to Germany ($9,434 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+6.7%), while the prices for the other major destinations experienced mixed trend patterns.
Cerium Compounds Imports in South Korea
In 2022, overseas purchases of cerium compoundses decreased by -2.8% to 1.7K tons, falling for the second consecutive year after two years of growth. The total import volume increased at an average annual rate of +2.0% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 20%. As a result, imports attained the peak of 1.9K tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, cerium compounds imports soared to $33M in 2022. The total import value increased at an average annual rate of +7.6% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The pace of growth was the most pronounced in 2020 when imports increased by 22% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in the near future.
| Import of Cerium Compounds in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 8.9 | 12.3 | 8.4 | 11.5 | 8.9% |
| Taiwan (Chinese) | 5.6 | 7.4 | 6.7 | 9.2 | 18.0% |
| France | 8.6 | 7.3 | 7.5 | 8.4 | -0.8% |
| China | 3.0 | 5.0 | 4.7 | 3.5 | 5.3% |
| India | 0.5 | 0.6 | 0.5 | 0.6 | 6.3% |
| Others | 0.3 | 0.4 | 0.3 | 0.3 | 0.0% |
| Total | 26.9 | 32.9 | 28.2 | 33.5 | 7.6% |
Top Suppliers of Cerium Compounds to South Korea in 2022:
- France (614.7 tons)
- China (480.2 tons)
- Japan (335.3 tons)
- Taiwan (Chinese) (138.6 tons)
- India (100.1 tons)
Cerium Compounds Exports in South Korea
In 2022, the amount of cerium compoundses exported from South Korea shrank dramatically to 6.6 tons, with a decrease of -61.2% on the year before. Overall, exports showed a abrupt descent. The most prominent rate of growth was recorded in 2021 with an increase of 69% against the previous year. As a result, the exports reached the peak of 17 tons, and then reduced markedly in the following year.
In value terms, cerium compounds exports fell notably to $163K in 2022. In general, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 34% against the previous year. As a result, the exports reached the peak of $235K, and then fell significantly in the following year.
| Export of Cerium Compounds in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | 11.9 | 18.9 | 46.6 | 84.4 | 92.1% |
| United States | 22.3 | 21.6 | 8.7 | 52.1 | 32.7% |
| Vietnam | 82.8 | 6.7 | 5.0 | 18.5 | -39.3% |
| Japan | 2.3 | 12.6 | 1.3 | 1.8 | -7.8% |
| India | N/A | N/A | N/A | 1.4 | 0% |
| Germany | 33.5 | 92.0 | 105 | 0.5 | -75.4% |
| China | N/A | N/A | 10.1 | N/A | 0% |
| Others | 7.4 | 23.8 | 58.6 | 4.2 | -17.2% |
| Total | 160 | 176 | 235 | 163 | 0.6% |
Top Export Markets for Cerium Compounds from South Korea in 2022:
- United States (3260.0 kg)
- Vietnam (1760.0 kg)
- Taiwan (Chinese) (1249.0 kg)
- India (105.0 kg)
- Japan (78.0 kg)
- Germany (53.0 kg)
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