Price for Carboxyimide-function compounds (including saccharin and its salts) and imine-function compounds in South Korea - 2022
Contents:
- Price for Carboxyimide-Function Compounds (Including Saccharin and Its Salts) and Imine-Function Compounds in South Korea (CIF) - 2022
- Price for Carboxyimide-Function Compounds (Including Saccharin and Its Salts) and Imine-Function Compounds in South Korea (FOB) - 2022
- Imports of Carboxyimide-Function Compounds (Including Saccharin and Its Salts) and Imine-Function Compounds in South Korea
- Exports of Carboxyimide-Function Compounds (Including Saccharin and Its Salts) and Imine-Function Compounds in South Korea
Price for Carboxyimide-Function Compounds (Including Saccharin and Its Salts) and Imine-Function Compounds in South Korea (CIF) - 2022
The average import price for carboxyimide-function compounds (including saccharin and its salts) and imine-function compoundses stood at $12,670 per ton in 2022, surging by 10% against the previous year. Over the period under review, import price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of +3.8% 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 carboxyimide-function compounds (including saccharin and its salts) and imine-function compoundses increased by +69.9% against 2017 indices. The pace of growth was the most pronounced in 2020 an increase of 31%. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($25,487 per ton), while the price for Indonesia ($6,136 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+14.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Carboxyimide-Function Compounds (Including Saccharin and Its Salts) and Imine-Function Compounds in South Korea (FOB) - 2022
In December 2022, the average export price for carboxyimide-function compounds (including saccharin and its salts) and imine-function compoundses amounted to $8,239 per ton, surging by 12% against the previous month. Overall, the export price, however, saw a pronounced decline. The growth pace was the most rapid in April 2022 when the average export price increased by 17% m-o-m. As a result, the export price attained the peak level of $13,107 per ton. From May 2022 to December 2022, the the average export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Taiwan (Chinese) ($14,851 per ton), while the average price for exports to Russia ($4,564 per ton) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+1.1%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Carboxyimide-Function Compounds (Including Saccharin and Its Salts) and Imine-Function Compounds in South Korea
In 2022, the amount of carboxyimide-function compounds (including saccharin and its salts) and imine-function compoundses imported into South Korea expanded to 6.3K tons, increasing by 3.2% against the previous year's figure. The total import volume increased at an average annual rate of +2.7% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 8.8%. Imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, imports of carboxyimide-function compounds (including saccharin and its salts) and imine-function compoundses rose remarkably to $79M in 2022. In general, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +17.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +63.5% against 2019 indices. The pace of growth appeared the most rapid in 2020 when imports increased by 26% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.
| Import of Carboxyimide-Function Compounds (Including Saccharin and Its Salts) and Imine-Function Compounds in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 21.6 | 17.5 | 27.2 | 27.4 | 8.3% |
| India | 3.1 | 20.0 | 15.6 | 21.8 | 91.6% |
| Japan | 10.2 | 9.5 | 10.3 | 11.2 | 3.2% |
| Spain | 2.5 | 2.2 | 2.9 | 5.7 | 31.6% |
| United States | 3.4 | 3.9 | 4.2 | 5.1 | 14.5% |
| France | 3.9 | 4.4 | 3.3 | 2.9 | -9.4% |
| Indonesia | 0.1 | 0.2 | 0.4 | 0.8 | 100.0% |
| Others | 3.6 | 3.2 | 5.8 | 4.3 | 6.1% |
| Total | 48.4 | 61.0 | 69.7 | 79.2 | 17.8% |
Top Suppliers of Carboxyimide-Function Compounds (Including Saccharin and Its Salts) and Imine-Function Compounds to South Korea in 2022:
- China (3334.8 tons)
- Japan (961.5 tons)
- India (854.0 tons)
- Spain (322.8 tons)
- United States (288.0 tons)
- France (147.4 tons)
- Indonesia (130.0 tons)
Exports of Carboxyimide-Function Compounds (Including Saccharin and Its Salts) and Imine-Function Compounds in South Korea
In 2022, exports of carboxyimide-function compounds (including saccharin and its salts) and imine-function compoundses from South Korea skyrocketed to 7.4K tons, rising by 40% on 2021. In general, exports continue to indicate a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of carboxyimide-function compounds (including saccharin and its salts) and imine-function compoundses surged to $71M in 2022. Over the period under review, total exports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +17.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +60.0% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Carboxyimide-Function Compounds (Including Saccharin and Its Salts) and Imine-Function Compounds in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 12.5 | 16.9 | 16.4 | 23.0 | 22.5% |
| Netherlands | 3.1 | 2.1 | 4.5 | 10.0 | 47.8% |
| Taiwan (Chinese) | 5.3 | 6.1 | 8.1 | 7.0 | 9.7% |
| India | 0.6 | 0.9 | 3.5 | 6.3 | 119.0% |
| China | 5.1 | 4.6 | 3.6 | 4.6 | -3.4% |
| Mexico | 2.7 | 2.9 | 3.0 | 2.8 | 1.2% |
| Pakistan | 0.5 | 0.7 | 1.0 | 2.5 | 71.0% |
| Italy | 2.4 | 2.8 | 2.5 | 2.3 | -1.4% |
| Japan | 0.2 | 0.6 | 1.4 | 2.2 | 122.4% |
| Germany | 1.5 | 1.4 | 2.3 | 2.1 | 11.9% |
| Belgium | 2.1 | 2.9 | 0.6 | 1.3 | -14.8% |
| Ireland | 5.0 | 3.3 | 3.0 | 0.3 | -60.9% |
| Others | 3.5 | 4.7 | 5.8 | 6.5 | 22.9% |
| Total | 44.3 | 49.9 | 55.7 | 70.9 | 17.0% |
Top Export Markets for Carboxyimide-Function Compounds (Including Saccharin and Its Salts) and Imine-Function Compounds from South Korea in 2022:
- United States (1991.5 tons)
- Netherlands (1490.2 tons)
- India (931.8 tons)
- China (568.5 tons)
- Taiwan (Chinese) (443.6 tons)
- Pakistan (399.4 tons)
- Mexico (231.7 tons)
- Japan (231.3 tons)
- Germany (192.7 tons)
- Belgium (149.3 tons)
- Italy (138.8 tons)
- Ireland (12.0 tons)
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