Price for Acids; Naphthenic Acids, Their Water-Insoluble Salts and Their Esters in South Korea - 2022
Contents:
- Price for Acids; Naphthenic Acids, Their Water-Insoluble Salts and Their Esters in South Korea (FOB) - 2022
- Exports of Acids; Naphthenic Acids, Their Water-Insoluble Salts and Their Esters in South Korea
Price for Acids; Naphthenic Acids, Their Water-Insoluble Salts and Their Esters in South Korea (FOB) - 2022
The average export price for acids; naphthenic acids, their water-insoluble salts and their esterses stood at $3,337 per ton in 2022, dropping by -2% against the previous year. In general, export price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for acids; naphthenic acids, their water-insoluble salts and their esterses increased by +90.2% against 2015 indices. The growth pace was the most rapid in 2016 when the average export price increased by 60%. Over the period under review, the average export prices hit record highs at $3,405 per ton in 2021, and then reduced modestly in the following year.
As there is only one major export destination, the average price level is determined by prices for the Philippines.
From 2012 to 2022, the rate of growth in terms of prices for the Philippines amounted to +4.8% per year.
Exports of Acids; Naphthenic Acids, Their Water-Insoluble Salts and Their Esters in South Korea
After two years of decline, shipments abroad of acids; naphthenic acids, their water-insoluble salts and their esterses increased by 4.5% to 302 tons in 2022. In general, exports, however, showed a perceptible downturn.
In value terms, exports of acids; naphthenic acids, their water-insoluble salts and their esterses totaled $1M in 2022. Over the period under review, exports, however, showed a noticeable curtailment.
| Export of Acids; Naphthenic Acids, Their Water-Insoluble Salts and Their Esters in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Philippines | 1.1 | 1.0 | 1.0 | 1.0 | -3.1% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 1.1 | 1.0 | 1.0 | 1.0 | -3.1% |
Top Export Markets for Acids; Naphthenic Acids, Their Water-Insoluble Salts and Their Esters from South Korea in 2022:
- Philippines (301.9 tons)
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