Price for Glycosides; Rutoside (Rutin) and Its Derivatives in South Korea - 2022
Contents:
- Price for Glycosides; Rutoside (Rutin) and Its Derivatives in South Korea (CIF) - 2022
- Price for Glycosides; Rutoside (Rutin) and Its Derivatives in South Korea (FOB) - 2022
- Imports of Glycosides; Rutoside (Rutin) and Its Derivatives in South Korea
- Exports of Glycosides; Rutoside (Rutin) and Its Derivatives in South Korea
Price for Glycosides; Rutoside (Rutin) and Its Derivatives in South Korea (CIF) - 2022
In December 2022, the average import price for glycosides; rutoside (rutin) and its derivativeses amounted to $73,299 per ton, picking up by 12% against the previous month. Overall, the import price, however, saw a pronounced downturn. The pace of growth appeared the most rapid in January 2022 an increase of 182% month-to-month. As a result, import price reached the peak level of $272K per ton. From February 2022 to December 2022, the average import prices remained at a somewhat 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 Japan ($217K per ton), while the price for Spain ($63,591 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 Spain (+0.1%), while the prices for the other major suppliers experienced a decline.
Price for Glycosides; Rutoside (Rutin) and Its Derivatives in South Korea (FOB) - 2022
In 2022, the average export price for glycosides; rutoside (rutin) and its derivativeses amounted to $836,619 per ton, jumping by 18% against the previous year. Overall, the export price posted significant growth. The most prominent rate of growth was recorded in 2021 when the average export price increased by 1,378% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is likely to continue growth in years to come.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($910,842 per ton), while the average price for exports to Oman ($22,000 per ton) was amongst the lowest.
From 2016 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+35.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Glycosides; Rutoside (Rutin) and Its Derivatives in South Korea
In 2022, imports of glycosides; rutoside (rutin) and its derivativeses into South Korea surged to 48 tons, rising by 15% on 2021. In general, imports showed significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 34% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.
In value terms, imports of glycosides; rutoside (rutin) and its derivativeses soared to $4M in 2022. Overall, imports recorded a significant increase. The growth pace was the most rapid in 2021 with an increase of 50% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Glycosides; Rutoside (Rutin) and Its Derivatives in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 964 | 1,460 | 1,425 | 2,119 | 30.0% |
| China | 441 | 553 | 1,659 | 1,251 | 41.6% |
| Japan | 43.1 | 48.6 | 62.2 | 587 | 138.8% |
| Others | 51.2 | 90.2 | 76.6 | 64.4 | 7.9% |
| Total | 1,499 | 2,151 | 3,223 | 4,022 | 39.0% |
Top Suppliers of Glycosides; Rutoside (Rutin) and Its Derivatives to South Korea in 2022:
- Spain (33.7 tons)
- China (11.7 tons)
- Japan (2.6 tons)
Exports of Glycosides; Rutoside (Rutin) and Its Derivatives in South Korea
In 2022, shipments abroad of glycosides; rutoside (rutin) and its derivativeses decreased by -70.4% to 42 kg, falling for the second year in a row after two years of growth. Overall, exports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 6,060%. As a result, the exports attained the peak of 308 kg. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of glycosides; rutoside (rutin) and its derivativeses contracted significantly to $35K in 2022. Over the period under review, exports, however, posted a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 5,816%.
| Export of Glycosides; Rutoside (Rutin) and Its Derivatives in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | N/A | N/A | 98.8 | 34.6 | -65.0% |
| Taiwan (Chinese) | 0.1 | 0.2 | N/A | 0.4 | 58.7% |
| Thailand | 0.1 | 0.1 | 0.2 | 0.1 | 0.0% |
| Spain | N/A | 14.4 | 1.6 | N/A | -88.9% |
| Malaysia | 0.1 | 0.1 | N/A | N/A | 0.0% |
| Oman | N/A | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | 0.1 | N/A | 0% |
| Total | 0.3 | 14.8 | 101 | 35.1 | 389.1% |
Top Export Markets for Glycosides; Rutoside (Rutin) and Its Derivatives from South Korea in 2022:
- China (38.0 kg)
- Oman (1.0 kg)
- Malaysia (1.0 kg)
- Taiwan (Chinese) (1.0 kg)
- Thailand (1.0 kg)
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