Price for Pulps of Other Fibrous Cellulosic Material in South Korea - 2022

Contents:

1. Price for Pulps of Other Fibrous Cellulosic Material in South Korea (CIF) - 2022
2. Price for Pulps of Other Fibrous Cellulosic Material in South Korea (FOB) - 2022
3. Imports of Pulps of Other Fibrous Cellulosic Material in South Korea
4. Exports of Pulps of Other Fibrous Cellulosic Material in South Korea

Price for Pulps of Other Fibrous Cellulosic Material in South Korea (CIF) - 2022

In December 2022, the average import price for pulps of other fibrous cellulosic materials amounted to $1,812 per ton, with a decrease of -6% against the previous month. Over the period under review, the import price recorded a mild decline. The most prominent rate of growth was recorded in August 2022 an increase of 27% m-o-m. The import price peaked at $2,209 per ton in March 2022; however, from April 2022 to December 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In December 2022, the country with the highest price was Uzbekistan ($2,441 per ton), while the price for Japan ($783 per ton) was amongst the lowest.

From January 2022 to December 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (+2.5%), while the prices for the other major suppliers experienced a decline.

Price for Pulps of Other Fibrous Cellulosic Material in South Korea (FOB) - 2022

In 2022, the average export price for pulps of other fibrous cellulosic materials amounted to $370 per ton, rising by 9.8% against the previous year. In general, the export price, however, recorded a abrupt descent. The most prominent rate of growth was recorded in 2017 an increase of 66% against the previous year. As a result, the export price attained the peak level of $1,463 per ton. From 2018 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Australia ($2,882 per ton), while the average price for exports to China ($162 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 Australia (+14.8%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Pulps of Other Fibrous Cellulosic Material in South Korea

In 2022, after three years of growth, there was significant decline in purchases abroad of pulps of other fibrous cellulosic materials, when their volume decreased by -47.2% to 38K tons. Over the period under review, imports recorded a deep reduction. The growth pace was the most rapid in 2021 with an increase of 7.8%. As a result, imports attained the peak of 73K tons, and then fell rapidly in the following year.

In value terms, imports of pulps of other fibrous cellulosic materials shrank sharply to $63M in 2022. Overall, imports continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2021 when imports increased by 28%. As a result, imports attained the peak of $111M, and then fell sharply in the following year.

Top Suppliers of Pulps of Other Fibrous Cellulosic Material to South Korea in 2022:

1. China (11.3K tons)
2. United States (3.7K tons)
3. Uzbekistan (1.7K tons)
4. Canada (1.1K tons)
5. Japan (0.9K tons)
6. France (0.6K tons)
7. Germany (0.3K tons)

Exports of Pulps of Other Fibrous Cellulosic Material in South Korea

In 2022, overseas shipments of pulps of other fibrous cellulosic materials decreased by -79.8% to 9.4K tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports saw a abrupt contraction. The pace of growth was the most pronounced in 2020 when exports increased by 95% against the previous year.

In value terms, exports of pulps of other fibrous cellulosic materials contracted sharply to $3.5M in 2022. In general, exports saw a sharp reduction. The most prominent rate of growth was recorded in 2020 with an increase of 42% against the previous year.

Top Export Markets for Pulps of Other Fibrous Cellulosic Material from South Korea in 2022:

1. China (3.8K tons)
2. India (0.6K tons)
3. Australia (0.5K tons)
4. Ghana (0.2K tons)

Source: IndexBox Market Intelligence Platform