Price for Acids; Aromatic Polycarboxylic Acids; Other Esters of Orthophthalic Acids in South Korea - 2022
Contents:
- Price for Acids; Aromatic Polycarboxylic Acids; Other Esters of Orthophthalic Acids in South Korea (FOB) - 2022
- Price for Acids; Aromatic Polycarboxylic Acids; Other Esters of Orthophthalic Acids in South Korea (CIF) - 2022
- Exports of Acids; Aromatic Polycarboxylic Acids; Other Esters of Orthophthalic Acids in South Korea
- Imports of Acids; Aromatic Polycarboxylic Acids; Other Esters of Orthophthalic Acids in South Korea
Price for Acids; Aromatic Polycarboxylic Acids; Other Esters of Orthophthalic Acids in South Korea (FOB) - 2022
The average export price for acids; aromatic polycarboxylic acids; other esters of orthophthalic acidses stood at $1,457 per ton in December 2022, shrinking by -3.9% against the previous month. Over the period under review, the export price saw a perceptible reduction. The pace of growth was the most pronounced in April 2022 an increase of 5.4% against the previous month. The export price peaked at $1,911 per ton in December 2021; however, from January 2022 to December 2022, the export prices remained at a lower figure.
Average prices varied noticeably for the major overseas markets. In December 2022, the countries with the highest prices were Colombia ($1,554 per ton) and Mexico ($1,552 per ton), while the average price for exports to India ($1,260 per ton) and Italy ($1,337 per ton) were amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to Egypt (-1.2%), while the prices for the other major destinations experienced a decline.
Price for Acids; Aromatic Polycarboxylic Acids; Other Esters of Orthophthalic Acids in South Korea (CIF) - 2022
The average import price for acids; aromatic polycarboxylic acids; other esters of orthophthalic acidses stood at $1,547 per ton in December 2022, remaining constant against the previous month. Overall, the import price, however, continues to indicate a slight shrinkage. The most prominent rate of growth was recorded in May 2022 when the average import price increased by 30% month-to-month. As a result, import price reached the peak level of $2,506 per ton. From June 2022 to December 2022, the average import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In December 2022, the country with the highest price was the Netherlands ($1,480 per ton), while the price for China totaled $1,363 per ton.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (-1.4%), while the prices for the other major suppliers experienced a decline.
Exports of Acids; Aromatic Polycarboxylic Acids; Other Esters of Orthophthalic Acids in South Korea
In 2022, exports of acids; aromatic polycarboxylic acids; other esters of orthophthalic acidses from South Korea fell slightly to 36K tons, waning by -4% against the previous year's figure. Overall, exports continue to indicate a abrupt curtailment. The pace of growth appeared the most rapid in 2021 when exports increased by 1.9% against the previous year.
In value terms, exports of acids; aromatic polycarboxylic acids; other esters of orthophthalic acidses contracted to $61M in 2022. In general, exports recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 71% against the previous year.
| Export of Acids; Aromatic Polycarboxylic Acids; Other Esters of Orthophthalic Acids in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 11.5 | 5.7 | 10.9 | 10.2 | -3.9% |
| United States | 16.8 | 6.7 | 6.8 | 8.0 | -21.9% |
| Cote d'Ivoire | 0.3 | 0.3 | 4.8 | 4.8 | 152.0% |
| India | 1.3 | 4.3 | 10.7 | 4.5 | 51.3% |
| Mexico | 0.6 | 0.2 | 2.4 | 3.4 | 78.3% |
| United Arab Emirates | 0.6 | 0.6 | 1.5 | 2.3 | 56.5% |
| Egypt | 1.7 | 0.9 | 1.9 | 2.2 | 9.0% |
| Turkey | 1.2 | 0.3 | 0.4 | 2.2 | 22.4% |
| Australia | 0.5 | 0.8 | 2.2 | 1.8 | 53.3% |
| Japan | 1.2 | 1.3 | 0.6 | 1.7 | 12.3% |
| Brazil | N/A | 0.1 | 0.2 | 1.6 | 300.0% |
| Saudi Arabia | 1.3 | 1.1 | 1.4 | 1.6 | 7.2% |
| Ukraine | 1.3 | 0.6 | 1.4 | 1.4 | 2.5% |
| Others | 36.1 | 17.7 | 23.8 | 15.6 | -24.4% |
| Total | 74.4 | 40.5 | 69.1 | 61.3 | -6.3% |
Top Export Markets for Acids; Aromatic Polycarboxylic Acids; Other Esters of Orthophthalic Acids from South Korea in 2022:
- Russia (6.0K tons)
- United States (4.7K tons)
- Cote d'Ivoire (3.1K tons)
- India (2.8K tons)
- Mexico (2.0K tons)
- Turkey (1.4K tons)
- United Arab Emirates (1.3K tons)
- Egypt (1.1K tons)
- Japan (1.1K tons)
- Brazil (1.0K tons)
- Saudi Arabia (0.9K tons)
- Australia (0.9K tons)
- Ukraine (0.8K tons)
Imports of Acids; Aromatic Polycarboxylic Acids; Other Esters of Orthophthalic Acids in South Korea
In 2022, approx. 13K tons of acids; aromatic polycarboxylic acids; other esters of orthophthalic acidses were imported into South Korea; dropping by -21.3% against the previous year. Over the period under review, imports, however, showed a notable increase. The growth pace was the most rapid in 2021 when imports increased by 198% against the previous year. As a result, imports attained the peak of 17K tons, and then dropped markedly in the following year.
In value terms, imports of acids; aromatic polycarboxylic acids; other esters of orthophthalic acidses declined dramatically to $23M in 2022. In general, imports, however, saw prominent growth. The most prominent rate of growth was recorded in 2021 when imports increased by 276% against the previous year. As a result, imports reached the peak of $30M, and then declined notably in the following year.
| Import of Acids; Aromatic Polycarboxylic Acids; Other Esters of Orthophthalic Acids in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 5.3 | 3.7 | 11.3 | 10.9 | 27.2% |
| Vietnam | N/A | 1.4 | 9.7 | 7.9 | 137.5% |
| China | 4.7 | 1.3 | 1.7 | 2.7 | -16.9% |
| United States | 4.7 | 1.4 | 7.4 | 0.2 | -65.1% |
| Others | 0.7 | 0.3 | 0.4 | 1.0 | 12.6% |
| Total | 15.4 | 8.1 | 30.4 | 22.7 | 13.8% |
Top Suppliers of Acids; Aromatic Polycarboxylic Acids; Other Esters of Orthophthalic Acids to South Korea in 2022:
- Netherlands (6.6K tons)
- Vietnam (4.5K tons)
- China (1.6K tons)
- United States (0.1K tons)
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