Price for Aldehydes; Cyclic, Without Other Oxygen Function, Other than Benzaldehyde in South Korea - 2022

Contents:

1. Price for Aldehydes; Cyclic, Without Other Oxygen Function, Other than Benzaldehyde in South Korea (CIF) - 2022
2. Price for Aldehydes; Cyclic, Without Other Oxygen Function, Other than Benzaldehyde in South Korea (FOB) - 2022
3. Imports of Aldehydes; Cyclic, Without Other Oxygen Function, Other than Benzaldehyde in South Korea
4. Exports of Aldehydes; Cyclic, Without Other Oxygen Function, Other than Benzaldehyde in South Korea

Price for Aldehydes; Cyclic, Without Other Oxygen Function, Other than Benzaldehyde in South Korea (CIF) - 2022

In 2022, the average import price for aldehydes; cyclic, without other oxygen function, other than benzaldehydes amounted to $10,105 per ton, falling by -6.7% against the previous year. Over the period under review, import price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for aldehydes; cyclic, without other oxygen function, other than benzaldehydes increased by +47.3% against 2015 indices. The most prominent rate of growth was recorded in 2017 when the average import price increased by 42% against the previous year. Over the period under review, average import prices reached the peak figure at $10,827 per ton in 2021, and then shrank in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($32,219 per ton), while the price for the Philippines ($5,263 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+14.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Aldehydes; Cyclic, Without Other Oxygen Function, Other than Benzaldehyde in South Korea (FOB) - 2022

The average export price for aldehydes; cyclic, without other oxygen function, other than benzaldehydes stood at $37,064 per ton in 2022, falling by -61.9% against the previous year. In general, the export price, however, posted a prominent expansion. The most prominent rate of growth was recorded in 2015 when the average export price increased by 137%. The export price peaked at $109,218 per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($57,089 per ton), while the average price for exports to China amounted to $35,992 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+21.2%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Aldehydes; Cyclic, Without Other Oxygen Function, Other than Benzaldehyde in South Korea

In 2022, overseas purchases of aldehydes; cyclic, without other oxygen function, other than benzaldehydes decreased by -8.9% to 330 tons, falling for the second year in a row after two years of growth. The total import volume increased at an average annual rate of +5.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by 45%. As a result, imports reached the peak of 412 tons. From 2021 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of aldehydes; cyclic, without other oxygen function, other than benzaldehydes declined remarkably to $3.3M in 2022. The total import value increased at an average annual rate of +3.3% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 when imports increased by 31% against the previous year. As a result, imports attained the peak of $4M. From 2021 to 2022, the growth of imports of remained at a lower figure.

Top Suppliers of Aldehydes; Cyclic, Without Other Oxygen Function, Other than Benzaldehyde to South Korea in 2022:

1. China (101.6 tons)
2. Japan (76.3 tons)
3. Philippines (72.8 tons)
4. India (27.8 tons)
5. United Kingdom (15.4 tons)
6. Germany (11.7 tons)
7. Mexico (9.2 tons)
8. United States (7.0 tons)

Exports of Aldehydes; Cyclic, Without Other Oxygen Function, Other than Benzaldehyde in South Korea

In 2022, exports of aldehydes; cyclic, without other oxygen function, other than benzaldehydes from South Korea skyrocketed to 1.9 tons, growing by 2,629% compared with 2021 figures. Over the period under review, exports recorded significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of aldehydes; cyclic, without other oxygen function, other than benzaldehydes surged to $69K in 2022. In general, exports saw a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Aldehydes; Cyclic, Without Other Oxygen Function, Other than Benzaldehyde from South Korea in 2022:

1. China (1799.0 kg)
2. Taiwan (Chinese) (45.0 kg)

Source: IndexBox Market Intelligence Platform