Price for Cellulose Ethers; Carboxymethylcellulose and Its Salts, in Primary Forms in South Korea - 2022

Contents:

1. Price for Cellulose Ethers; Carboxymethylcellulose and Its Salts, in Primary Forms in South Korea (CIF) - 2022
2. Price for Cellulose Ethers; Carboxymethylcellulose and Its Salts, in Primary Forms in South Korea (FOB) - 2022
3. Imports of Cellulose Ethers; Carboxymethylcellulose and Its Salts, in Primary Forms in South Korea
4. Exports of Cellulose Ethers; Carboxymethylcellulose and Its Salts, in Primary Forms in South Korea

Price for Cellulose Ethers; Carboxymethylcellulose and Its Salts, in Primary Forms in South Korea (CIF) - 2022

In 2022, the average import price for cellulose ethers; carboxymethylcellulose and its salts, in primary formses amounted to $5,176 per ton, growing by 11% against the previous year. Over the last decade, it increased at an average annual rate of +1.4%. The most prominent rate of growth was recorded in 2018 when the average import price increased by 20% against the previous year. The import price peaked 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 the Netherlands ($18,087 per ton), while the price for Finland ($3,479 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+7.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Cellulose Ethers; Carboxymethylcellulose and Its Salts, in Primary Forms in South Korea (FOB) - 2022

The average export price for cellulose ethers; carboxymethylcellulose and its salts, in primary formses stood at $8,910 per ton in 2022, surging by 14% against the previous year. In general, export price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 an increase of 38%. Over the period under review, the average export prices attained the peak figure in 2022 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($16,315 per ton), while the average price for exports to Mozambique ($2,733 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 Indonesia (+13.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Cellulose Ethers; Carboxymethylcellulose and Its Salts, in Primary Forms in South Korea

In 2022, after three years of growth, there was significant decline in overseas purchases of cellulose ethers; carboxymethylcellulose and its salts, in primary formses, when their volume decreased by -12.9% to 4.2K tons. The total import volume increased at an average annual rate of +2.7% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 19%. As a result, imports attained the peak of 4.8K tons, and then shrank in the following year.

In value terms, imports of cellulose ethers; carboxymethylcellulose and its salts, in primary formses contracted modestly to $22M in 2022. The total import value increased at an average annual rate of +6.5% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 25% against the previous year. As a result, imports attained the peak of $22M, and then fell modestly in the following year.

Top Suppliers of Cellulose Ethers; Carboxymethylcellulose and Its Salts, in Primary Forms to South Korea in 2022:

1. China (2528.5 tons)
2. Finland (854.3 tons)
3. Japan (244.1 tons)
4. Germany (184.9 tons)
5. United States (108.6 tons)
6. France (103.9 tons)
7. Netherlands (92.6 tons)

Exports of Cellulose Ethers; Carboxymethylcellulose and Its Salts, in Primary Forms in South Korea

Exports of cellulose ethers; carboxymethylcellulose and its salts, in primary formses from South Korea fell dramatically to 356 tons in 2022, waning by -33.2% on 2021. In general, exports recorded a slight contraction. The most prominent rate of growth was recorded in 2021 when exports increased by 60% against the previous year. As a result, the exports attained the peak of 534 tons, and then dropped markedly in the following year.

In value terms, exports of cellulose ethers; carboxymethylcellulose and its salts, in primary formses shrank significantly to $3.2M in 2022. Over the period under review, total exports indicated a mild expansion from 2019 to 2022: its value increased at an average annual rate of +1.9% 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 +20.2% against 2020 indices. The pace of growth was the most pronounced in 2021 when exports increased by 57% against the previous year. As a result, the exports attained the peak of $4.2M, and then declined remarkably in the following year.

Top Export Markets for Cellulose Ethers; Carboxymethylcellulose and Its Salts, in Primary Forms from South Korea in 2022:

1. China (122.3 tons)
2. Mozambique (83.6 tons)
3. Hungary (60.5 tons)
4. Vietnam (26.2 tons)
5. Spain (15.2 tons)
6. Malaysia (15.0 tons)
7. Japan (10.1 tons)
8. United States (6.6 tons)

Source: IndexBox Market Intelligence Platform