Price for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in South Korea - 2022
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in South Korea (CIF) - 2022
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in South Korea (FOB) - 2022
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in South Korea
- Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in South Korea
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in South Korea (CIF) - 2022
In December 2022, the average import price for acids; saturated acyclic monocarboxylic acids; salts of formic acidses amounted to $441 per ton, declining by -15.6% against the previous month. Over the period under review, the import price saw a perceptible decline. The pace of growth was the most pronounced in March 2022 an increase of 103% m-o-m. As a result, import price reached the peak level of $850 per ton. From April 2022 to December 2022, the average import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was China ($490 per ton), while the price for Taiwan (Chinese) stood at $325 per ton.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+4.3%).
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in South Korea (FOB) - 2022
The average export price for acids; saturated acyclic monocarboxylic acids; salts of formic acidses stood at $1,202 per ton in 2022, which is down by -8.5% against the previous year. In general, the export price, however, saw a slight increase. The most prominent rate of growth was recorded in 2014 when the average export price increased by 178%. As a result, the export price attained the peak level of $2,634 per ton. From 2015 to 2022, the average export prices remained at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($6,500 per ton), while the average price for exports to Israel ($657 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 Russia (+23.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in South Korea
Imports of acids; saturated acyclic monocarboxylic acids; salts of formic acidses into South Korea dropped markedly to 7.8K tons in 2022, waning by -33.6% on the year before. Over the period under review, imports showed a abrupt shrinkage. The growth pace was the most rapid in 2021 when imports increased by 54% against the previous year. As a result, imports reached the peak of 12K tons, and then shrank notably in the following year.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; salts of formic acidses fell markedly to $3.7M in 2022. In general, imports recorded a abrupt decrease. The most prominent rate of growth was recorded in 2021 when imports increased by 56%.
| Import of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,465 | 1,015 | 1,534 | 1,302 | -3.9% |
| Taiwan (Chinese) | 471 | 148 | 306 | 299 | -14.1% |
| India | 24.7 | 31.4 | 47.5 | 41.1 | 18.5% |
| Others | 2,529 | 1,567 | 2,434 | 2,016 | -7.3% |
| Total | 4,490 | 2,761 | 4,321 | 3,658 | -6.6% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids to South Korea in 2022:
- China (4.6K tons)
- Taiwan (Chinese) (2.8K tons)
- India (0.2K tons)
Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in South Korea
In 2022, overseas shipments of acids; saturated acyclic monocarboxylic acids; salts of formic acidses were finally on the rise to reach 20 tons after two years of decline. Over the period under review, exports, however, continue to indicate a dramatic decrease.
In value terms, exports of acids; saturated acyclic monocarboxylic acids; salts of formic acidses skyrocketed to $24K in 2022. In general, exports, however, saw a sharp shrinkage.
| Export of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 131 | 13.0 | 6.4 | 13.1 | -53.6% |
| Israel | N/A | N/A | N/A | 4.2 | 0% |
| Germany | 4.1 | 1.3 | 0.9 | 3.0 | -9.9% |
| China | 9.1 | 1.0 | 0.1 | 1.0 | -52.1% |
| Others | 11.1 | 3.9 | 1.8 | 3.1 | -34.6% |
| Total | 155 | 19.1 | 9.3 | 24.3 | -46.1% |
Top Export Markets for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids from South Korea in 2022:
- India (12.4 tons)
- Israel (6.3 tons)
- Germany (0.5 tons)
- China (0.4 tons)
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