Price for Pitch; Obtained from Coal Tar or from Other Mineral Tars in South Korea - 2022

Contents:

  1. Price for Pitch; Obtained from Coal Tar or from Other Mineral Tars in South Korea (FOB) - 2022
  2. Price for Pitch; Obtained from Coal Tar or from Other Mineral Tars in South Korea (CIF) - 2022
  3. Exports of Pitch; Obtained from Coal Tar or from Other Mineral Tars in South Korea
  4. Imports of Pitch; Obtained from Coal Tar or from Other Mineral Tars in South Korea

Price for Pitch; Obtained from Coal Tar or from Other Mineral Tars in South Korea (FOB) - 2022

The average export price for pitch; obtained from coal tar or from other mineral tarses stood at $1,166 per ton in December 2022, remaining stable against the previous month. In general, the export price saw mild growth. The export price peaked at $3,386 per ton in September 2022; however, from October 2022 to December 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Qatar.

From December 2021 to December 2022, the rate of growth in terms of prices for Qatar amounted to +1.6% per month.

Price for Pitch; Obtained from Coal Tar or from Other Mineral Tars in South Korea (CIF) - 2022

In December 2022, the average import price for pitch; obtained from coal tar or from other mineral tarses amounted to $1,620 per ton, picking up by 12% against the previous month. Over the period under review, the import price showed a mild expansion. The most prominent rate of growth was recorded in July 2022 when the average import price increased by 24% against the previous month. As a result, import price attained the peak level of $1,768 per ton. From August 2022 to December 2022, the average import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In December 2022, the country with the highest price was Germany ($1,659 per ton), while the price for China amounted to $1,512 per ton.

From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by China (+1.2%).

Exports of Pitch; Obtained from Coal Tar or from Other Mineral Tars in South Korea

For the fourth consecutive year, South Korea recorded growth in overseas shipments of pitch; obtained from coal tar or from other mineral tarses, which increased by 24% to 25K tons in 2022. Overall, total exports indicated a significant expansion from 2019 to 2022: its volume increased at an average annual rate of +22.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +84.5% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of pitch; obtained from coal tar or from other mineral tarses soared to $29M in 2022. In general, exports recorded a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Export of Pitch; Obtained from Coal Tar or from Other Mineral Tars in South Korea (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Qatar8.913.417.728.747.7%
OthersN/AN/A0.2N/A0%
Total9.013.417.928.847.4%

Top Export Markets for Pitch; Obtained from Coal Tar or from Other Mineral Tars from South Korea in 2022:

  1. Qatar (25.3K tons)

Imports of Pitch; Obtained from Coal Tar or from Other Mineral Tars in South Korea

In 2022, imports of pitch; obtained from coal tar or from other mineral tarses into South Korea fell to 261 tons, with a decrease of -9.1% compared with the year before. Overall, imports faced a dramatic downturn.

In value terms, imports of pitch; obtained from coal tar or from other mineral tarses fell modestly to $303K in 2022. Over the period under review, imports showed a precipitous shrinkage.

Import of Pitch; Obtained from Coal Tar or from Other Mineral Tars in South Korea (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China646457313256-26.5%
IndiaN/AN/A0.331.110266.7%
United StatesN/AN/AN/A15.80%
Others12.42.6N/A0.1-79.9%
Total658459313303-22.8%

Top Suppliers of Pitch; Obtained from Coal Tar or from Other Mineral Tars to South Korea in 2022:

  1. China (225.1 tons)
  2. India (20.6 tons)
  3. United States (15.5 tons)

Source: IndexBox Market Intelligence Platform

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