Price for Dithionites and Sulphoxylates; of Sodium in South Korea - 2022
Contents:
- Price for Dithionites and Sulphoxylates; of Sodium in South Korea (CIF) - 2022
- Price for Dithionites and Sulphoxylates; of Sodium in South Korea (FOB) - 2022
- Imports of Dithionites and Sulphoxylates; of Sodium in South Korea
- Exports of Dithionites and Sulphoxylates; of Sodium in South Korea
Price for Dithionites and Sulphoxylates; of Sodium in South Korea (CIF) - 2022
The average import price for dithionites and sulphoxylates; of sodia stood at $1,705 per ton in 2022, dropping by -6.4% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average import price increased by 16% against the previous year. As a result, import price reached the peak level of $1,822 per ton, and then shrank in the following year.
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 Germany ($4,995 per ton), while the price for China ($1,029 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+9.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Dithionites and Sulphoxylates; of Sodium in South Korea (FOB) - 2022
The average export price for dithionites and sulphoxylates; of sodia stood at $1,824 per ton in December 2022, growing by 2.7% against the previous month. Over the period from December 2021 to December 2022, it increased at an average monthly rate of +1.2%. The most prominent rate of growth was recorded in November 2022 when the average export price increased by 31% m-o-m. The export price peaked at $1,994 per ton in March 2022; however, from April 2022 to December 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In December 2022, the country with the highest price was Japan ($2,065 per ton), while the average price for exports to Bangladesh ($1,331 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 Argentina (+9.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Dithionites and Sulphoxylates; of Sodium in South Korea
In 2022, dithionites and sulphoxylates; of sodium imports into South Korea shrank to 4.7K tons, declining by -7.7% compared with 2021. Overall, imports continue to indicate a noticeable descent. The most prominent rate of growth was recorded in 2021 with an increase of 18% against the previous year.
In value terms, dithionites and sulphoxylates; of sodium imports fell to $8M in 2022. The total import value increased at an average annual rate of +1.2% 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 when imports increased by 38% against the previous year. As a result, imports attained the peak of $9.3M, and then dropped in the following year.
| Import of Dithionites and Sulphoxylates; of Sodium in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 2.2 | 2.3 | 3.1 | 2.7 | 7.1% |
| China | 3.2 | 2.1 | 3.0 | 2.6 | -6.7% |
| Germany | 1.6 | 1.7 | 2.2 | 1.9 | 5.9% |
| Taiwan (Chinese) | 0.7 | 0.6 | 1.0 | 0.8 | 4.6% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 7.7 | 6.7 | 9.3 | 8.0 | 1.3% |
Top Suppliers of Dithionites and Sulphoxylates; of Sodium to South Korea in 2022:
- China (2522.6 tons)
- India (1425.7 tons)
- Germany (382.3 tons)
- Taiwan (Chinese) (368.9 tons)
Exports of Dithionites and Sulphoxylates; of Sodium in South Korea
In 2022, dithionites and sulphoxylates; of sodium exports from South Korea reduced to 4.8K tons, which is down by -11% on 2021 figures. Over the period under review, exports showed a abrupt downturn. The most prominent rate of growth was recorded in 2021 with an increase of 28% against the previous year.
In value terms, dithionites and sulphoxylates; of sodium exports fell to $6.9M in 2022. In general, exports saw a abrupt downturn. The growth pace was the most rapid in 2021 with an increase of 36% against the previous year.
| Export of Dithionites and Sulphoxylates; of Sodium in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 2,604 | 1,730 | 2,464 | 2,265 | -4.5% |
| Bangladesh | 1,186 | 750 | 1,213 | 1,115 | -2.0% |
| Vietnam | 1,133 | 891 | 1,149 | 1,056 | -2.3% |
| Pakistan | 495 | 831 | 446 | 529 | 2.2% |
| United States | 314 | 317 | 529 | 487 | 15.8% |
| Indonesia | 430 | 392 | 439 | 403 | -2.1% |
| Thailand | 902 | 219 | 216 | 401 | -23.7% |
| Mexico | 329 | 230 | 287 | 264 | -7.1% |
| Argentina | 139 | 117 | 89.5 | 103 | -9.5% |
| India | 503 | N/A | 164 | N/A | -42.9% |
| Others | 384 | 385 | 1,002 | 309 | -7.0% |
| Total | 8,419 | 5,864 | 8,000 | 6,932 | -6.3% |
Top Export Markets for Dithionites and Sulphoxylates; of Sodium from South Korea in 2022:
- Japan (1328.5 tons)
- Bangladesh (898.7 tons)
- Vietnam (711.6 tons)
- Pakistan (460.2 tons)
- Thailand (328.1 tons)
- United States (314.9 tons)
- Indonesia (224.3 tons)
- Mexico (205.0 tons)
- Argentina (99.7 tons)
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