Price for Alkali Metals; Other than Sodium in South Korea - 2022
Contents:
- Price for Alkali Metals; Other than Sodium in South Korea (CIF) - 2022
- Price for Alkali Metals; Other than Sodium in South Korea (FOB) - 2022
- Imports of Alkali Metals; Other than Sodium in South Korea
- Exports of Alkali Metals; Other than Sodium in South Korea
Price for Alkali Metals; Other than Sodium in South Korea (CIF) - 2022
In 2022, the average import price for alkali metals; other than sodia amounted to $101,347 per ton, surging by 13% against the previous year. In general, the import price enjoyed a notable expansion. The most prominent rate of growth was recorded in 2017 an increase of 59%. Over the period under review, average import prices attained the peak figure at $148,458 per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Russia ($255,715 per ton), while the price for China stood at $92,305 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+2.5%).
Price for Alkali Metals; Other than Sodium in South Korea (FOB) - 2022
The average export price for alkali metals; other than sodia stood at $28,718 per ton in 2022, with a decrease of -61.2% against the previous year. In general, the export price, however, continues to indicate tangible growth. The most prominent rate of growth was recorded in 2016 an increase of 105% against the previous year. Over the period under review, the average export prices hit record highs at $88,075 per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for China.
From 2012 to 2022, the rate of growth in terms of prices for China amounted to -0.5% per year.
Imports of Alkali Metals; Other than Sodium in South Korea
In 2022, overseas purchases of alkali metals; other than sodia were finally on the rise to reach 170 tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports posted resilient growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, alkali metals; other than sodium imports soared to $17M in 2022. Over the period under review, imports recorded buoyant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Alkali Metals; Other than Sodium in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 9.9 | 8.1 | 7.4 | 14.8 | 14.3% |
| Russia | 0.9 | N/A | 0.2 | 2.2 | 34.7% |
| Others | 0.8 | 0.3 | 0.3 | 0.2 | -37.0% |
| Total | 11.7 | 8.5 | 7.9 | 17.2 | 13.7% |
Top Suppliers of Alkali Metals; Other than Sodium to South Korea in 2022:
- China (160.2 tons)
- Russia (8.7 tons)
Exports of Alkali Metals; Other than Sodium in South Korea
In 2022, alkali metals; other than sodium exports from South Korea surged to 16 tons, picking up by 126% against 2021. In general, exports saw a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 499%. The exports peaked in 2022 and are likely to continue growth in years to come.
In value terms, alkali metals; other than sodium exports contracted to $471K in 2022. Over the period under review, exports enjoyed significant growth. The growth pace was the most rapid in 2021 with an increase of 424% against the previous year. As a result, the exports reached the peak of $537K, and then reduced in the following year.
| Export of Alkali Metals; Other than Sodium in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 36.3 | 10.6 | 0.2 | 357 | 114.2% |
| United States | N/A | 77.2 | 12.0 | 92.8 | 9.6% |
| Russia | N/A | N/A | 494 | N/A | 0% |
| Others | 8.3 | 14.7 | 31.0 | 21.8 | 38.0% |
| Total | 44.6 | 103 | 537 | 471 | 119.4% |
Top Export Markets for Alkali Metals; Other than Sodium from South Korea in 2022:
- China (16.3 tons)
- United States (0.1 tons)
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