Price for Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in South Korea - 2022

Contents:

1. Price for Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in South Korea (CIF) - 2022
2. Price for Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in South Korea (FOB) - 2022
3. Imports of Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in South Korea
4. Exports of Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in South Korea

Price for Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in South Korea (CIF) - 2022

The average import price for acids; aromatic monocarboxylic acids, phenylacetic acid and its saltses stood at $31,887 per ton in 2022, declining by -35.3% against the previous year. In general, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when the average import price increased by 69%. Over the period under review, average import prices reached the maximum at $49,943 per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($81,250 per ton), while the price for Italy ($13,952 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 (+8.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in South Korea (FOB) - 2022

In 2022, the average export price for acids; aromatic monocarboxylic acids, phenylacetic acid and its saltses amounted to $4,170,545 per ton, almost unchanged from the previous year. Overall, the export price showed a significant increase. The most prominent rate of growth was recorded in 2021 a decrease of 99.9%. Over the period under review, the average export prices attained the peak figure at $6,116,867 per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($27,766,000 per ton), while the average price for exports to China amounted to $1,811,000 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+33.0%).

Imports of Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in South Korea

In 2022, approx. 665 kg of acids; aromatic monocarboxylic acids, phenylacetic acid and its saltses were imported into South Korea; jumping by 254% against 2021 figures. Over the period under review, imports continue to indicate a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of acids; aromatic monocarboxylic acids, phenylacetic acid and its saltses surged to $21K in 2022. In general, imports posted a buoyant increase. The pace of growth appeared the most rapid in 2021 when imports increased by 382% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.

Top Suppliers of Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts to South Korea in 2022:

1. India (390.0 kg)
2. Italy (125.0 kg)
3. China (104.0 kg)
4. United States (12.0 kg)
5. Canada (11.0 kg)
6. Indonesia (10.0 kg)

Exports of Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in South Korea

In 2022, the amount of acids; aromatic monocarboxylic acids, phenylacetic acid and its saltses exported from South Korea stood at 11 kg, remaining relatively unchanged against the previous year. Overall, exports faced a deep reduction. The smallest decline of 99.9% was in 2021.

In value terms, exports of acids; aromatic monocarboxylic acids, phenylacetic acid and its saltses amounted to $46K in 2022. In general, exports faced a significant decline. The smallest decline of 99.9% was in 2021.

Top Export Markets for Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts from South Korea in 2022:

1. China (10.0 kg)
2. Japan (1.0 kg)

Source: IndexBox Market Intelligence Platform