Mullite Price in South Korea - 2022

Mullite Price in South Korea (CIF) - 2022

In 2022, the average mullite import price amounted to $444 per ton, picking up by 5.9% against the previous year. In general, the import price, however, continues to indicate a slight descent. The most prominent rate of growth was recorded in 2018 when the average import price increased by 21% against the previous year. As a result, import price attained the peak level of $563 per ton. From 2019 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($854 per ton), while the price for China ($370 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+2.2%), while the prices for the other major suppliers experienced a decline.

Mullite Price in South Korea (FOB) - 2022

The average mullite export price stood at $262 per ton in 2022, reducing by -27.7% against the previous year. Over the period under review, the export price showed a abrupt decline. The most prominent rate of growth was recorded in 2019 when the average export price increased by 66% against the previous year. Over the period under review, the average export prices hit record highs at $1,355 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was China ($799 per ton), while the average price for exports to Indonesia totaled $160 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (-5.1%), while the prices for the other major destinations experienced a decline.

Mullite Imports in South Korea

After three years of growth, supplies from abroad of mullites decreased by -1.8% to 28K tons in 2022. The total import volume increased at an average annual rate of +8.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when imports increased by 22% against the previous year. As a result, imports attained the peak of 28K tons, and then contracted slightly in the following year.

In value terms, mullite imports totaled $12M in 2022. The total import value increased at an average annual rate of +6.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 30% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Import of Mullite in South Korea (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	6.2	6.2	7.9	8.7	12.0%
Japan	3.3	2.3	2.7	2.2	-12.6%
United States	N/A	0.1	0.7	0.8	182.8%
Hungary	0.5	0.4	0.6	0.6	6.3%
Others	0.1	0.1	N/A	N/A	0.0%
Total	10.2	9.0	11.8	12.3	6.4%

Top Suppliers of Mullite to South Korea in 2022:

China (23.5K tons)
Japan (2.5K tons)
United States (1.3K tons)
Hungary (0.3K tons)

Mullite Exports in South Korea

In 2022, the amount of mullites exported from South Korea skyrocketed to 118 tons, increasing by 181% on the previous year's figure. In general, exports saw a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, mullite exports skyrocketed to $31K in 2022. Over the period under review, exports enjoyed a buoyant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.