Price for Sodium Hexafluoroaluminate (Synthetic Cryolite) in South Korea - 2022
Contents:
- Price for Sodium Hexafluoroaluminate (Synthetic Cryolite) in South Korea (CIF) - 2022
- Price for Sodium Hexafluoroaluminate (Synthetic Cryolite) in South Korea (FOB) - 2022
- Imports of Sodium Hexafluoroaluminate (Synthetic Cryolite) in South Korea
- Exports of Sodium Hexafluoroaluminate (Synthetic Cryolite) in South Korea
Price for Sodium Hexafluoroaluminate (Synthetic Cryolite) in South Korea (CIF) - 2022
The average sodium hexafluoroaluminate (synthetic cryolite) import price stood at $1,365 per ton in 2022, reducing by -7.1% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 20%. As a result, import price reached the peak level of $1,470 per ton, and then fell in the following year.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($1,577 per ton), while the price for China ($1,034 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+3.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Sodium Hexafluoroaluminate (Synthetic Cryolite) in South Korea (FOB) - 2022
The average sodium hexafluoroaluminate (synthetic cryolite) export price stood at $2,155 per ton in 2022, rising by 1.9% against the previous year. Over the period under review, the export price enjoyed buoyant growth. The pace of growth appeared the most rapid in 2019 when the average export price increased by 100% against the previous year. The export price peaked at $2,226 per ton in 2015; afterwards, it flattened through to 2022.
Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Indonesia ($2,531 per ton), while the average price for exports to China ($1,817 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 Indonesia (+13.0%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Sodium Hexafluoroaluminate (Synthetic Cryolite) in South Korea
In 2022, the amount of sodium hexafluoroaluminate (synthetic cryolite)s imported into South Korea declined to 1.3K tons, which is down by -11.8% against 2021 figures. In general, imports continue to indicate a pronounced decrease. The pace of growth appeared the most rapid in 2021 with an increase of 31% against the previous year. As a result, imports reached the peak of 1.5K tons, and then contracted in the following year.
In value terms, sodium hexafluoroaluminate (synthetic cryolite) imports declined dramatically to $1.8M in 2022. Overall, total imports indicated a slight increase from 2019 to 2022: its value increased at an average annual rate of +1.3% 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 +28.4% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 57%. As a result, imports attained the peak of $2.2M, and then dropped significantly in the following year.
| Import of Sodium Hexafluoroaluminate (Synthetic Cryolite) in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 507 | 474 | 676 | 531 | 1.6% |
| Hungary | 384 | 416 | 607 | 477 | 7.5% |
| China | 482 | 242 | 285 | 324 | -12.4% |
| Italy | 221 | 199 | 346 | 271 | 7.0% |
| Germany | 130 | 61.4 | 241 | 189 | 13.3% |
| Others | 0.6 | 3.3 | 36.2 | 0.6 | 0.0% |
| Total | 1,723 | 1,396 | 2,191 | 1,794 | 1.4% |
Top Suppliers of Sodium Hexafluoroaluminate (Synthetic Cryolite) to South Korea in 2022:
- Japan (361.8 tons)
- Hungary (342.2 tons)
- China (313.8 tons)
- Italy (172.2 tons)
- Germany (123.8 tons)
Exports of Sodium Hexafluoroaluminate (Synthetic Cryolite) in South Korea
In 2022, exports of sodium hexafluoroaluminate (synthetic cryolite)s from South Korea dropped markedly to 9.2 tons, with a decrease of -19.8% on the year before. Over the period under review, exports continue to indicate a dramatic shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 63%.
In value terms, sodium hexafluoroaluminate (synthetic cryolite) exports contracted significantly to $20K in 2022. In general, exports saw a significant decrease. The pace of growth was the most pronounced in 2021 with an increase of 58% against the previous year.
| Export of Sodium Hexafluoroaluminate (Synthetic Cryolite) in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 20.9 | 0.2 | 2.3 | 8.5 | -25.9% |
| Vietnam | 2.9 | 6.3 | 13.2 | 6.8 | 32.9% |
| Indonesia | 12.7 | 8.9 | 8.7 | 4.4 | -29.8% |
| Italy | 64.0 | N/A | N/A | N/A | 0% |
| Others | 1.4 | 0.1 | 0.2 | 0.1 | -58.5% |
| Total | 102 | 15.4 | 24.3 | 19.9 | -42.0% |
Top Export Markets for Sodium Hexafluoroaluminate (Synthetic Cryolite) from South Korea in 2022:
- China (4.7 tons)
- Vietnam (2.8 tons)
- Indonesia (1.8 tons)
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