Price for Monophenols; Cresols and Their Salts in South Korea - 2022

Contents:

1. Price for Monophenols; Cresols and Their Salts in South Korea (CIF) - 2022
2. Price for Monophenols; Cresols and Their Salts in South Korea (FOB) - 2022
3. Imports of Monophenols; Cresols and Their Salts in South Korea
4. Exports of Monophenols; Cresols and Their Salts in South Korea

Price for Monophenols; Cresols and Their Salts in South Korea (CIF) - 2022

In 2022, the average import price for monophenols; cresols and their saltses amounted to $2,664 per ton, remaining constant against the previous year. Over the period under review, the import price continues to indicate a slight shrinkage. The growth pace was the most rapid in 2018 an increase of 26% against the previous year. Over the period under review, average import prices attained the maximum at $3,167 per ton in 2014; however, from 2015 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 Japan ($3,399 per ton), while the price for South Africa ($2,062 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+2.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Monophenols; Cresols and Their Salts in South Korea (FOB) - 2022

In 2022, the average export price for monophenols; cresols and their saltses amounted to $1,414 per ton, waning by -8.6% against the previous year. In general, the export price showed a abrupt decrease. The pace of growth was the most pronounced in 2014 when the average export price increased by 38%. As a result, the export price attained the peak level of $5,386 per ton. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was China ($2,856 per ton), while the average price for exports to Japan ($988 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 China (+0.7%), while the prices for the other major destinations experienced a decline.

Imports of Monophenols; Cresols and Their Salts in South Korea

Monophenols; cresols and their salts imports into South Korea contracted remarkably to 7.7K tons in 2022, reducing by -23.2% against 2021 figures. In general, imports recorded a noticeable decrease. The pace of growth appeared the most rapid in 2021 when imports increased by 77%. As a result, imports reached the peak of 10K tons, and then reduced remarkably in the following year.

In value terms, monophenols; cresols and their salts imports dropped notably to $20M in 2022. Overall, imports recorded a perceptible reduction. The pace of growth was the most pronounced in 2021 with an increase of 93% against the previous year. As a result, imports attained the peak of $27M, and then shrank notably in the following year.

Top Suppliers of Monophenols; Cresols and Their Salts to South Korea in 2022:

1. China (2660.9 tons)
2. United States (1984.3 tons)
3. India (1691.5 tons)
4. Germany (771.5 tons)
5. Singapore (256.3 tons)
6. Japan (128.5 tons)
7. South Africa (106.5 tons)

Exports of Monophenols; Cresols and Their Salts in South Korea

After two years of decline, overseas shipments of monophenols; cresols and their saltses increased by 140% to 81 tons in 2022. Over the period under review, exports, however, continue to indicate a deep contraction.

In value terms, monophenols; cresols and their salts exports skyrocketed to $114K in 2022. In general, exports, however, continue to indicate a precipitous setback.

Top Export Markets for Monophenols; Cresols and Their Salts from South Korea in 2022:

1. Japan (59.3 tons)
2. Pakistan (8.1 tons)
3. China (6.6 tons)
4. India (5.7 tons)

Source: IndexBox Market Intelligence Platform