Dithionites and Sulphoxylates Price in South Korea - 2022
Contents:
- Dithionites and Sulphoxylates Price in South Korea (CIF) - 2022
- Dithionites and Sulphoxylates Price in South Korea (FOB) - 2022
- Dithionites and Sulphoxylates Imports in South Korea
- Dithionites and Sulphoxylates Exports in South Korea
Dithionites and Sulphoxylates Price in South Korea (CIF) - 2022
The average dithionites and sulphoxylates import price stood at $2,117 per ton in 2022, growing by 14% against the previous year. Over the last decade, it increased at an average annual rate of +2.1%. The most prominent rate of growth was recorded in 2021 an increase of 17%. Over the period under review, average import prices attained the peak figure in 2022 and is likely to see steady growth in the immediate term.
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 Germany ($5,902 per ton), while the price for China ($1,507 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+11.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Dithionites and Sulphoxylates Price in South Korea (FOB) - 2022
In December 2022, the average dithionites and sulphoxylates export price amounted to $1,824 per ton, growing by 2.7% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.2%. The growth pace was the most rapid in November 2022 an increase of 31% month-to-month. The export price peaked at $1,994 per ton in March 2022; however, from April 2022 to December 2022, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Japan ($2,065 per ton), while the average price for exports to Bangladesh ($1,331 per ton) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to Argentina (+9.5%), while the prices for the other major destinations experienced more modest paces of growth.
Dithionites and Sulphoxylates Imports in South Korea
In 2022, dithionites and sulphoxylates imports into South Korea fell to 4.7K tons, waning by -9.8% compared with the year before. Over the period under review, imports continue to indicate a perceptible descent. The pace of growth appeared the most rapid in 2021 with an increase of 19%.
In value terms, dithionites and sulphoxylates imports amounted to $9.9M in 2022. The total import value increased at an average annual rate of +6.7% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 39%. Imports peaked in 2022 and are likely to continue growth in years to come.
| Import of Dithionites and Sulphoxylates in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 3.3 | 2.1 | 3.1 | 4.5 | 10.9% |
| India | 2.6 | 2.5 | 3.4 | 2.7 | 1.3% |
| Germany | 1.6 | 1.7 | 2.2 | 1.8 | 4.0% |
| Taiwan (Chinese) | 0.7 | 0.6 | 1.0 | 0.9 | 8.7% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 8.2 | 7.0 | 9.7 | 9.9 | 6.5% |
Top Suppliers of Dithionites and Sulphoxylates to South Korea in 2022:
- China (2956.8 tons)
- India (1092.7 tons)
- Taiwan (Chinese) (336.8 tons)
- Germany (307.0 tons)
Dithionites and Sulphoxylates Exports in South Korea
In 2022, approx. 4.7K tons of dithionites and sulphoxylateses were exported from South Korea; which is down by -13.5% against 2021. Over the period under review, exports showed a abrupt contraction. The growth pace was the most rapid in 2021 when exports increased by 28% against the previous year.
In value terms, dithionites and sulphoxylates exports expanded remarkably to $8.4M in 2022. In general, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by 36%.
| Export of Dithionites and Sulphoxylates in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 2,604 | 1,730 | 2,480 | 2,886 | 3.5% |
| Vietnam | 1,242 | 903 | 1,156 | 1,261 | 0.5% |
| Bangladesh | 1,186 | 750 | 1,221 | 622 | -19.4% |
| Indonesia | 430 | 392 | 442 | 549 | 8.5% |
| Italy | N/A | 46.4 | 237 | 470 | 218.3% |
| United States | 314 | 317 | 533 | 398 | 8.2% |
| Thailand | 902 | 219 | 218 | 363 | -26.2% |
| Pakistan | 495 | 831 | 449 | 333 | -12.4% |
| Turkey | N/A | 0.3 | 53.9 | 281 | 2960.5% |
| Peru | N/A | 20.7 | 197 | 242 | 241.9% |
| India | 503 | N/A | 166 | 209 | -25.4% |
| Spain | N/A | 59.3 | 34.8 | 157 | 62.7% |
| Mexico | 329 | 230 | 289 | 154 | -22.4% |
| Others | 538 | 376 | 524 | 495 | -2.7% |
| Total | 8,543 | 5,876 | 8,001 | 8,420 | -0.5% |
Top Export Markets for Dithionites and Sulphoxylates from South Korea in 2022:
- Japan (1499.1 tons)
- Vietnam (723.8 tons)
- Bangladesh (391.0 tons)
- Indonesia (260.6 tons)
- Italy (234.4 tons)
- India (216.0 tons)
- Thailand (208.0 tons)
- Pakistan (198.5 tons)
- United States (192.0 tons)
- Turkey (160.0 tons)
- Peru (144.0 tons)
- Spain (96.0 tons)
- Mexico (90.0 tons)
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