Price for Iodides and Iodide Oxides in South Korea - 2022
Contents:
- Price for Iodides and Iodide Oxides in South Korea (CIF) - 2022
- Price for Iodides and Iodide Oxides in South Korea (FOB) - 2022
- Imports of Iodides and Iodide Oxides in South Korea
- Exports of Iodides and Iodide Oxides in South Korea
Price for Iodides and Iodide Oxides in South Korea (CIF) - 2022
The average iodides and iodide oxides import price stood at $30,266 per ton in 2022, with an increase of 20% against the previous year. Overall, the import price, however, showed a pronounced shrinkage. The import price peaked at $37,367 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($147,706 per ton), while the price for Japan ($20,321 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 (+10.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Iodides and Iodide Oxides in South Korea (FOB) - 2022
The average iodides and iodide oxides export price stood at $2,281 per ton in December 2022, falling by -1.9% against the previous month. In general, the export price, however, posted a prominent increase. The most prominent rate of growth was recorded in January 2022 an increase of 178% month-to-month. Over the period under review, the average export prices reached the peak figure at $3,749 per ton in October 2022; however, from November 2022 to December 2022, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was the United States ($12,112 per ton), while the average price for exports to Japan stood at $1,290 per ton.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (+4.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Iodides and Iodide Oxides in South Korea
In 2022, imports of iodides and iodide oxideses into South Korea expanded remarkably to 1.2K tons, picking up by 5.2% against the previous year. The total import volume increased at an average annual rate of +5.6% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by 8%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, iodides and iodide oxides imports surged to $35M in 2022. In general, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +16.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +55.9% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Iodides and Iodide Oxides in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 15.0 | 17.0 | 17.2 | 17.6 | 5.5% |
| Chile | 2.1 | 1.9 | 2.7 | 5.7 | 39.5% |
| United States | 2.4 | 3.3 | 3.2 | 3.8 | 16.6% |
| Brazil | 0.8 | 1.0 | 1.2 | 2.8 | 51.8% |
| India | 0.7 | 1.6 | 1.5 | 2.3 | 48.7% |
| France | 0.4 | 0.3 | 0.8 | 1.1 | 40.1% |
| Others | 1.1 | 2.2 | 1.1 | 1.9 | 20.0% |
| Total | 22.5 | 27.2 | 27.9 | 35.1 | 16.0% |
Top Suppliers of Iodides and Iodide Oxides to South Korea in 2022:
- Japan (867.4 tons)
- Chile (118.0 tons)
- Brazil (67.5 tons)
- India (36.2 tons)
- United States (25.5 tons)
- France (20.1 tons)
Exports of Iodides and Iodide Oxides in South Korea
In 2022, the amount of iodides and iodide oxideses exported from South Korea fell to 1.7K tons, shrinking by -7% on the year before. Overall, exports showed a perceptible downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 1.5%.
In value terms, iodides and iodide oxides exports soared to $5.8M in 2022. The total export value increased at an average annual rate of +5.4% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Iodides and Iodide Oxides in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 2.7 | 3.1 | 3.4 | 3.1 | 4.7% |
| Brazil | 0.5 | 0.3 | N/A | 0.8 | 17.0% |
| United States | 1.4 | 0.6 | 0.9 | 0.8 | -17.0% |
| China | 0.2 | 0.2 | 0.1 | 0.4 | 26.0% |
| Others | 0.1 | 0.2 | 0.3 | 0.8 | 100.0% |
| Total | 4.9 | 4.3 | 4.7 | 5.8 | 5.8% |
Top Export Markets for Iodides and Iodide Oxides from South Korea in 2022:
- Japan (1500.3 tons)
- Brazil (82.1 tons)
- United States (64.5 tons)
- China (63.9 tons)
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