Price for Lecithins and Other Phosphoaminolipids in South Korea - 2022

Contents:

1. Price for Lecithins and Other Phosphoaminolipids in South Korea (CIF) - 2022
2. Price for Lecithins and Other Phosphoaminolipids in South Korea (FOB) - 2022
3. Imports of Lecithins and Other Phosphoaminolipids in South Korea
4. Exports of Lecithins and Other Phosphoaminolipids in South Korea

Price for Lecithins and Other Phosphoaminolipids in South Korea (CIF) - 2022

The average lecithins and other phosphoaminolipids import price stood at $4,290 per ton in 2022, waning by -12.6% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average import price increased by 15% against the previous year. As a result, import price reached the peak level of $4,907 per ton, and then shrank in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($23,269 per ton), while the price for Brazil ($1,663 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 (+9.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Lecithins and Other Phosphoaminolipids in South Korea (FOB) - 2022

The average lecithins and other phosphoaminolipids export price stood at $36,311 per ton in 2022, surging by 52% against the previous year. Overall, the export price recorded prominent growth. The pace of growth appeared the most rapid in 2017 when the average export price increased by 87%. The export price peaked in 2022 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($92,017 per ton), while the average price for exports to Japan ($2,547 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 Malaysia (+34.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Lecithins and Other Phosphoaminolipids in South Korea

In 2022, imports of lecithins and other phosphoaminolipidses into South Korea skyrocketed to 7.6K tons, picking up by 51% against the previous year's figure. Overall, total imports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +11.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +54.8% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, lecithins and other phosphoaminolipids imports skyrocketed to $33M in 2022. In general, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +12.2% 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 +55.8% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Lecithins and Other Phosphoaminolipids to South Korea in 2022:

1. China (2406.5 tons)
2. Brazil (1441.2 tons)
3. India (1378.6 tons)
4. United Kingdom (805.9 tons)
5. United States (646.8 tons)
6. Singapore (410.5 tons)
7. Germany (355.8 tons)
8. Netherlands (22.1 tons)

Exports of Lecithins and Other Phosphoaminolipids in South Korea

In 2022, shipments abroad of lecithins and other phosphoaminolipidses decreased by -41.7% to 248 tons, falling for the second consecutive year after two years of growth. Over the period under review, exports saw a perceptible setback. The pace of growth appeared the most rapid in 2020 with an increase of 94% against the previous year. As a result, the exports reached the peak of 553 tons. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, lecithins and other phosphoaminolipids exports declined to $9M in 2022. In general, total exports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +14.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -12.2% against 2020 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 70%. As a result, the exports reached the peak of $10M. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Top Export Markets for Lecithins and Other Phosphoaminolipids from South Korea in 2022:

1. Japan (149.2 tons)
2. China (54.4 tons)
3. United States (11.4 tons)
4. Russia (10.0 tons)
5. Vietnam (7.0 tons)
6. Spain (4.3 tons)

Source: IndexBox Market Intelligence Platform