Chlorates; of Sodium Price in South Korea - 2022
Contents:
- Chlorates; of Sodium Price in South Korea (CIF) - 2022
- Chlorates; of Sodium Price in South Korea (FOB) - 2022
- Chlorates; of Sodium Imports in South Korea
- Chlorates; of Sodium Exports in South Korea
Chlorates; of Sodium Price in South Korea (CIF) - 2022
In December 2022, the average chlorates; of sodium import price amounted to $806 per ton, rising by 11% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.4%. The pace of growth was the most pronounced in September 2022 when the average import price increased by 18% month-to-month. Over the period under review, average import prices attained the maximum in December 2022.
Average prices varied noticeably amongst the major supplying countries. In December 2022, the country with the highest price was France ($811 per ton), while the price for the United States amounted to $806 per ton.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by Sweden (+3.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Chlorates; of Sodium Price in South Korea (FOB) - 2022
The average chlorates; of sodium export price stood at $2,117 per ton in 2022, growing by 10% against the previous year. In general, the export price showed a pronounced increase. The most prominent rate of growth was recorded in 2020 an increase of 519%. Over the period under review, the average export prices attained the peak figure at $7,250 per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Thailand ($2,921 per ton), while the average price for exports to Taiwan (Chinese) ($1,517 per ton) was amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+25.6%), while the prices for the other major destinations experienced mixed trend patterns.
Chlorates; of Sodium Imports in South Korea
For the fourth year in a row, South Korea recorded growth in purchases abroad of chlorates; of sodia, which increased by 1.9% to 9.5K tons in 2022. The total import volume increased at an average annual rate of +3.1% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 5% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the immediate term.
In value terms, chlorates; of sodium imports surged to $6.8M in 2022. The total import value increased at an average annual rate of +11.2% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Chlorates; of Sodium in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 2.8 | 3.8 | 3.9 | 4.4 | 16.3% |
| Finland | 1.1 | 0.9 | 0.9 | 1.2 | 2.9% |
| Canada | 0.2 | 0.6 | 0.7 | 0.5 | 35.7% |
| Sweden | 0.8 | N/A | N/A | 0.3 | -27.9% |
| France | N/A | N/A | N/A | 0.2 | 0% |
| Others | N/A | N/A | N/A | 0.1 | 0% |
| Total | 4.9 | 5.3 | 5.5 | 6.8 | 11.5% |
Top Suppliers of Chlorates; of Sodium to South Korea in 2022:
- United States (6.6K tons)
- Finland (1.6K tons)
- Canada (0.6K tons)
- Sweden (0.5K tons)
- France (0.3K tons)
Chlorates; of Sodium Exports in South Korea
In 2022, after two years of decline, there was significant growth in overseas shipments of chlorates; of sodia, when their volume increased by 167% to 128 kg. Over the period under review, exports, however, showed a significant curtailment.
In value terms, chlorates; of sodium exports soared to $271 in 2022. Overall, exports, however, faced a precipitous contraction.
| Export of Chlorates; of Sodium in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | N/A | N/A | N/A | 0.1 | 0% |
| Hong Kong SAR | N/A | 0.1 | N/A | 0.1 | 0.0% |
| Vietnam | 52.1 | N/A | N/A | N/A | 0% |
| Philippines | 25.0 | N/A | N/A | N/A | 0% |
| Taiwan (Chinese) | N/A | 0.1 | 0.1 | N/A | 0.0% |
| Others | N/A | 0.1 | N/A | N/A | 0% |
| Total | 77.1 | 0.3 | 0.1 | 0.3 | -84.3% |
Top Export Markets for Chlorates; of Sodium from South Korea in 2022:
- Hong Kong SAR (61.0 kg)
- Thailand (38.0 kg)
- Taiwan (Chinese) (29.0 kg)
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