Price for Chlorates; Other than Sodium in South Korea - 2022

Contents:

  1. Price for Chlorates; Other than Sodium in South Korea (CIF) - 2022
  2. Price for Chlorates; Other than Sodium in South Korea (FOB) - 2022
  3. Imports of Chlorates; Other than Sodium in South Korea
  4. Exports of Chlorates; Other than Sodium in South Korea

Price for Chlorates; Other than Sodium in South Korea (CIF) - 2022

In 2022, the average chlorates; other than sodium import price amounted to $6,668 per ton, rising by 7.5% against the previous year. In general, the import price showed buoyant growth. The most prominent rate of growth was recorded in 2019 an increase of 1,136% against the previous year. Over the period under review, average import prices hit record highs at $39,244 per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

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 Japan ($32,379 per ton), while the price for China amounted to $3,846 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+10.1%).

Price for Chlorates; Other than Sodium in South Korea (FOB) - 2022

In 2022, the average chlorates; other than sodium export price amounted to $63,704 per ton, waning by -48% against the previous year. Overall, the export price, however, saw a significant expansion. The pace of growth appeared the most rapid in 2019 when the average export price increased by 354% against the previous year. The export price peaked at $122,526 per ton in 2021, and then contracted sharply in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Philippines ($261,000 per ton), while the average price for exports to Malaysia ($42,660 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 Thailand (+294.5%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Chlorates; Other than Sodium in South Korea

After two years of decline, supplies from abroad of chlorates; other than sodia increased by 381% to 52 tons in 2022. Over the period under review, imports, however, saw a noticeable contraction.

In value terms, chlorates; other than sodium imports soared to $348K in 2022. In general, imports, however, faced a precipitous curtailment.

Import of Chlorates; Other than Sodium in South Korea (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China10071.448.118121.9%
Japan1,6271,7458.3139-56.0%
Others19.515.211.028.413.4%
Total1,7461,83167.3348-41.6%

Top Suppliers of Chlorates; Other than Sodium to South Korea in 2022:

  1. China (47.1 tons)
  2. Japan (4.3 tons)

Exports of Chlorates; Other than Sodium in South Korea

In 2022, the amount of chlorates; other than sodia exported from South Korea soared to 71 kg, increasing by 274% on the year before. Over the period under review, exports posted significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 675% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, chlorates; other than sodium exports soared to $4.5K in 2022. In general, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 382%. Over the period under review, the exports reached the maximum in 2022 and are likely to see steady growth in the near future.

Export of Chlorates; Other than Sodium in South Korea (USD)
COUNTRY2019202020212022CAGR,
2019-2022
MalaysiaN/AN/AN/A2,1330%
ThailandN/AN/A50.01,2822464.0%
PhilippinesN/AN/A1,262522-58.6%
Taiwan (Chinese)N/A60298.0408-17.7%
Hong Kong SARN/AN/AN/A1780%
PolandN/A619N/AN/A0%
BangladeshN/AN/A584N/A0%
Pakistan406729N/AN/A79.6%
OthersN/A6.0334N/A5466.7%
Total4061,9562,3284,523123.3%

Top Export Markets for Chlorates; Other than Sodium from South Korea in 2022:

  1. Malaysia (50.0 kg)
  2. Thailand (13.0 kg)
  3. Taiwan (Chinese) (4.0 kg)
  4. Philippines (2.0 kg)
  5. Hong Kong SAR (2.0 kg)

Source: IndexBox Market Intelligence Platform

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