Price for Activated Carbon; Activated Natural Mineral Products; Animal Black, Including Spent Animal Black in South Korea - 2022

Contents:

1. Price for Activated Carbon; Activated Natural Mineral Products; Animal Black, Including Spent Animal Black in South Korea (CIF) - 2022
2. Price for Activated Carbon; Activated Natural Mineral Products; Animal Black, Including Spent Animal Black in South Korea (FOB) - 2022
3. Imports of Activated Carbon; Activated Natural Mineral Products; Animal Black, Including Spent Animal Black in South Korea
4. Exports of Activated Carbon; Activated Natural Mineral Products; Animal Black, Including Spent Animal Black in South Korea

Price for Activated Carbon; Activated Natural Mineral Products; Animal Black, Including Spent Animal Black in South Korea (CIF) - 2022

The average import price for activated carbon; activated natural mineral products; animal black, including spent animal blacks stood at $869 per ton in December 2022, with an increase of 13% against the previous month. Overall, the import price, however, continues to indicate a slight setback. The most prominent rate of growth was recorded in March 2022 an increase of 53% month-to-month. As a result, import price reached the peak level of $1,168 per ton. From April 2022 to December 2022, the average import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was the United States ($4,768 per ton), while the price for India ($238 per ton) was amongst the lowest.

From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by India (+3.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Activated Carbon; Activated Natural Mineral Products; Animal Black, Including Spent Animal Black in South Korea (FOB) - 2022

The average export price for activated carbon; activated natural mineral products; animal black, including spent animal blacks stood at $3,669 per ton in 2022, waning by -4.2% against the previous year. Over the period under review, export price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of +3.5% 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 activated carbon; activated natural mineral products; animal black, including spent animal blacks increased by +33.2% against 2019 indices. The pace of growth was the most pronounced in 2013 an increase of 81% against the previous year. The export price peaked at $4,925 per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($11,407 per ton), while the average price for exports to the Philippines ($717 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 Malaysia (+24.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Activated Carbon; Activated Natural Mineral Products; Animal Black, Including Spent Animal Black in South Korea

In 2022, the amount of activated carbon; activated natural mineral products; animal black, including spent animal blacks imported into South Korea soared to 247K tons, picking up by 16% on the previous year. The total import volume increased at an average annual rate of +9.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 16%. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, imports of activated carbon; activated natural mineral products; animal black, including spent animal blacks totaled $210M in 2022. The total import value increased at an average annual rate of +6.6% from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 14%. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in the near future.

Top Suppliers of Activated Carbon; Activated Natural Mineral Products; Animal Black, Including Spent Animal Black to South Korea in 2022:

1. China (147.5K tons)
2. India (62.1K tons)
3. Indonesia (14.6K tons)
4. Philippines (7.0K tons)
5. United States (5.4K tons)

Exports of Activated Carbon; Activated Natural Mineral Products; Animal Black, Including Spent Animal Black in South Korea

In 2022, after three years of growth, there was decline in shipments abroad of activated carbon; activated natural mineral products; animal black, including spent animal blacks, when their volume decreased by -1.9% to 2.8K tons. The total export volume increased at an average annual rate of +7.6% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The growth pace was the most rapid in 2021 when exports increased by 14% against the previous year. As a result, the exports attained the peak of 2.9K tons, and then declined modestly in the following year.

In value terms, exports of activated carbon; activated natural mineral products; animal black, including spent animal blacks contracted to $10M in 2022. In general, total exports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +18.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +66.2% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 49% against the previous year. As a result, the exports reached the peak of $11M, and then shrank in the following year.

Top Export Markets for Activated Carbon; Activated Natural Mineral Products; Animal Black, Including Spent Animal Black from South Korea in 2022:

1. China (596.5 tons)
2. Vietnam (580.5 tons)
3. United Arab Emirates (454.3 tons)
4. Philippines (339.1 tons)
5. Japan (289.4 tons)
6. Thailand (225.2 tons)
7. Malaysia (76.0 tons)

Source: IndexBox Market Intelligence Platform