Price for Acids; Acyclic Polycarboxylic Acids; Azelaic Acid, Sebacic Acid, Their Salts and Esters in South Korea - 2022
Contents:
- Price for Acids; Acyclic Polycarboxylic Acids; Azelaic Acid, Sebacic Acid, Their Salts and Esters in South Korea (CIF) - 2022
- Price for Acids; Acyclic Polycarboxylic Acids; Azelaic Acid, Sebacic Acid, Their Salts and Esters in South Korea (FOB) - 2022
- Imports of Acids; Acyclic Polycarboxylic Acids; Azelaic Acid, Sebacic Acid, Their Salts and Esters in South Korea
- Exports of Acids; Acyclic Polycarboxylic Acids; Azelaic Acid, Sebacic Acid, Their Salts and Esters in South Korea
Price for Acids; Acyclic Polycarboxylic Acids; Azelaic Acid, Sebacic Acid, Their Salts and Esters in South Korea (CIF) - 2022
In December 2022, the average import price for acids; acyclic polycarboxylic acids; azelaic acid, sebacic acid, their salts and esterses amounted to $4,773 per ton, dropping by -6.1% against the previous month. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in May 2022 when the average import price increased by 16% against the previous month. As a result, import price reached the peak level of $6,286 per ton. From June 2022 to December 2022, the average import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for China.
From December 2021 to December 2022, the rate of growth in terms of prices for China amounted to -0.6% per month.
Price for Acids; Acyclic Polycarboxylic Acids; Azelaic Acid, Sebacic Acid, Their Salts and Esters in South Korea (FOB) - 2022
In 2022, the average export price for acids; acyclic polycarboxylic acids; azelaic acid, sebacic acid, their salts and esterses amounted to $38,071 per ton, rising by 404% against the previous year. Overall, the export price posted buoyant growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($71,372 per ton), while the average price for exports to China ($6,842 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 (+121.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Acids; Acyclic Polycarboxylic Acids; Azelaic Acid, Sebacic Acid, Their Salts and Esters in South Korea
In 2022, imports of acids; acyclic polycarboxylic acids; azelaic acid, sebacic acid, their salts and esterses into South Korea shrank remarkably to 2.4K tons, waning by -22.7% against 2021 figures. In general, imports, however, continue to indicate slight growth. The most prominent rate of growth was recorded in 2021 when imports increased by 38%. As a result, imports reached the peak of 3.1K tons, and then shrank notably in the following year.
In value terms, imports of acids; acyclic polycarboxylic acids; azelaic acid, sebacic acid, their salts and esterses shrank to $13M in 2022. Over the period under review, total imports indicated a notable increase from 2019 to 2022: its value increased at an average annual rate of +2.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +40.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 58% against the previous year. As a result, imports attained the peak of $15M, and then reduced in the following year.
Import of Acids; Acyclic Polycarboxylic Acids; Azelaic Acid, Sebacic Acid, Their Salts and Esters in South Korea (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 10.3 | 7.6 | 12.5 | 10.5 | 0.6% |
India | 0.5 | 0.7 | 0.9 | 1.3 | 37.5% |
Italy | 0.2 | 0.4 | 0.5 | 0.6 | 44.2% |
Others | 1.1 | 0.6 | 0.7 | 0.7 | -14.0% |
Total | 12.1 | 9.3 | 14.7 | 13.0 | 2.4% |
Top Suppliers of Acids; Acyclic Polycarboxylic Acids; Azelaic Acid, Sebacic Acid, Their Salts and Esters to South Korea in 2022:
- China (2016.0 tons)
- India (241.0 tons)
- Italy (88.3 tons)
Exports of Acids; Acyclic Polycarboxylic Acids; Azelaic Acid, Sebacic Acid, Their Salts and Esters in South Korea
In 2022, exports of acids; acyclic polycarboxylic acids; azelaic acid, sebacic acid, their salts and esterses from South Korea dropped to 20 tons, waning by -12.8% on the previous year's figure. Overall, exports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 48% against the previous year. As a result, the exports attained the peak of 23 tons, and then shrank in the following year.
In value terms, exports of acids; acyclic polycarboxylic acids; azelaic acid, sebacic acid, their salts and esterses soared to $763K in 2022. In general, exports, however, showed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
Export of Acids; Acyclic Polycarboxylic Acids; Azelaic Acid, Sebacic Acid, Their Salts and Esters in South Korea (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 6.4 | 13.1 | 3.2 | 649 | 366.3% |
Thailand | 22.4 | 22.2 | 40.9 | 77.6 | 51.3% |
China | 154 | 95.2 | 126 | 26.9 | -44.1% |
India | 2.0 | N/A | 1.5 | 6.5 | 48.1% |
Others | 6.3 | 8.5 | 2.2 | 2.5 | -26.5% |
Total | 191 | 139 | 174 | 763 | 58.7% |
Top Export Markets for Acids; Acyclic Polycarboxylic Acids; Azelaic Acid, Sebacic Acid, Their Salts and Esters from South Korea in 2022:
- United States (9.1 tons)
- Thailand (6.4 tons)
- China (3.9 tons)
- India (0.6 tons)
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