Price for Colouring Matter; Pigments and Preparations Based On Chromium Compounds in South Korea - 2022
Contents:
- Price for Colouring Matter; Pigments and Preparations Based On Chromium Compounds in South Korea (CIF) - 2022
- Price for Colouring Matter; Pigments and Preparations Based On Chromium Compounds in South Korea (FOB) - 2022
- Imports of Colouring Matter; Pigments and Preparations Based On Chromium Compounds in South Korea
- Exports of Colouring Matter; Pigments and Preparations Based On Chromium Compounds in South Korea
Price for Colouring Matter; Pigments and Preparations Based On Chromium Compounds in South Korea (CIF) - 2022
In December 2022, the average import price for colouring matter; pigments and preparations based on chromium compoundses amounted to $5,514 per ton, shrinking by -57.2% against the previous month. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in October 2022 when the average import price increased by 173% m-o-m. As a result, import price attained the peak level of $24,047 per ton. From November 2022 to December 2022, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In December 2022, the country with the highest price was the United States ($23,897 per ton), while the price for China ($2,553 per ton) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by India (+3.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Colouring Matter; Pigments and Preparations Based On Chromium Compounds in South Korea (FOB) - 2022
The average export price for colouring matter; pigments and preparations based on chromium compoundses stood at $6,232 per ton in 2022, with an increase of 15% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.0%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was China ($33,886 per ton), while the average price for exports to Hong Kong SAR ($485 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 Taiwan (Chinese) (+21.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Colouring Matter; Pigments and Preparations Based On Chromium Compounds in South Korea
In 2022, after three years of growth, there was significant decline in supplies from abroad of colouring matter; pigments and preparations based on chromium compoundses, when their volume decreased by -70.5% to 476 tons. In general, imports saw a deep slump. The most prominent rate of growth was recorded in 2020 with an increase of 99% against the previous year.
In value terms, imports of colouring matter; pigments and preparations based on chromium compoundses reduced markedly to $2.8M in 2022. Over the period under review, imports recorded a pronounced shrinkage. The most prominent rate of growth was recorded in 2020 with an increase of 108% against the previous year.
| Import of Colouring Matter; Pigments and Preparations Based On Chromium Compounds in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1.6 | 2.7 | 3.4 | 1.5 | -2.1% |
| Japan | 0.6 | 0.9 | 1.0 | 0.5 | -5.9% |
| France | N/A | N/A | 0.2 | 0.4 | 100.0% |
| India | 0.3 | 2.4 | 3.1 | 0.3 | 0.0% |
| Others | 0.5 | 0.5 | 0.9 | N/A | 34.2% |
| Total | 3.1 | 6.5 | 8.6 | 2.8 | -3.3% |
Top Suppliers of Colouring Matter; Pigments and Preparations Based On Chromium Compounds to South Korea in 2022:
- China (270.7 tons)
- France (102.9 tons)
- India (66.6 tons)
- Japan (32.0 tons)
Exports of Colouring Matter; Pigments and Preparations Based On Chromium Compounds in South Korea
In 2022, the amount of colouring matter; pigments and preparations based on chromium compoundses exported from South Korea shrank significantly to 107 tons, falling by -74.4% against the previous year. Overall, exports faced a precipitous decline. The smallest decline of -12.9% was in 2021.
In value terms, exports of colouring matter; pigments and preparations based on chromium compoundses contracted rapidly to $666K in 2022. Over the period under review, exports showed a dramatic shrinkage. The smallest decline of -11.5% was in 2021.
| Export of Colouring Matter; Pigments and Preparations Based On Chromium Compounds in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 1,765 | 998 | 860 | 179 | -53.4% |
| Vietnam | 817 | 1,139 | 1,075 | 168 | -41.0% |
| Brazil | 105 | 80.5 | 111 | 85.8 | -6.5% |
| China | 173 | 30.1 | 36.4 | 54.0 | -32.2% |
| Turkey | 117 | 28.0 | 49.1 | 40.7 | -29.7% |
| Malaysia | N/A | 78.5 | 51.8 | 40.7 | -28.0% |
| India | 45.2 | 46.8 | 25.1 | 34.6 | -8.5% |
| New Zealand | 79.2 | 11.3 | 23.6 | 33.7 | -24.8% |
| Hong Kong SAR | N/A | N/A | N/A | 3.8 | 0% |
| Others | 600 | 144 | 29.1 | 26.0 | -64.9% |
| Total | 3,702 | 2,556 | 2,262 | 666 | -43.5% |
Top Export Markets for Colouring Matter; Pigments and Preparations Based On Chromium Compounds from South Korea in 2022:
- Thailand (34.0 tons)
- Vietnam (23.9 tons)
- Brazil (8.0 tons)
- Malaysia (8.0 tons)
- Hong Kong SAR (7.9 tons)
- India (6.7 tons)
- Turkey (5.8 tons)
- New Zealand (4.8 tons)
- China (1.6 tons)
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