Sulphites; of Sodium Price in South Korea - 2022
Contents:
- Sulphites; of Sodium Price in South Korea (CIF) - 2022
- Sulphites; of Sodium Price in South Korea (FOB) - 2022
- Sulphites; of Sodium Imports in South Korea
- Sulphites; of Sodium Exports in South Korea
Sulphites; of Sodium Price in South Korea (CIF) - 2022
The average sulphites; of sodium import price stood at $668 per ton in December 2022, reducing by -2.1% against the previous month. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in June 2022 an increase of 7.7% against the previous month. The import price peaked at $726 per ton in August 2022; however, from September 2022 to December 2022, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Japan ($1,578 per ton), while the price for China ($626 per ton) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by Thailand (+1.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Sulphites; of Sodium Price in South Korea (FOB) - 2022
The average sulphites; of sodium export price stood at $1,007 per ton in 2022, growing by 9% against the previous year. Over the period under review, the export price enjoyed a perceptible expansion. The growth pace was the most rapid in 2014 when the average export price increased by 94% against the previous year. As a result, the export price attained the peak level of $2,204 per ton. From 2015 to 2022, the average export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($4,328 per ton), while the average price for exports to Fiji ($580 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 the United Arab Emirates (+15.9%), while the prices for the other major destinations experienced mixed trend patterns.
Sulphites; of Sodium Imports in South Korea
For the fourth year in a row, South Korea recorded growth in supplies from abroad of sulphites; of sodia, which increased by 3.7% to 8.4K tons in 2022. Overall, total imports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +18.8% 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 +67.7% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 33% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, sulphites; of sodium imports skyrocketed to $5.8M in 2022. Over the period under review, imports saw a significant expansion. The growth pace was the most rapid in 2021 when imports increased by 41%. Over the period under review, imports reached the peak figure in 2022 and are likely to see gradual growth in the near future.
| Import of Sulphites; of Sodium in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1.5 | 1.8 | 2.9 | 4.3 | 42.1% |
| Thailand | 0.9 | 0.9 | 1.2 | 1.1 | 6.9% |
| Germany | 0.1 | 0.1 | 0.1 | 0.2 | 26.0% |
| Others | 0.4 | 0.4 | 0.4 | 0.3 | -9.1% |
| Total | 2.9 | 3.3 | 4.6 | 5.8 | 26.0% |
Top Suppliers of Sulphites; of Sodium to South Korea in 2022:
- China (6.8K tons)
- Thailand (1.4K tons)
- Germany (0.1K tons)
Sulphites; of Sodium Exports in South Korea
In 2022, shipments abroad of sulphites; of sodia decreased by -51.6% to 47 tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports saw a abrupt downturn. The pace of growth appeared the most rapid in 2020 with an increase of 57% against the previous year.
In value terms, sulphites; of sodium exports reduced markedly to $47K in 2022. In general, exports saw a abrupt curtailment. The pace of growth was the most pronounced in 2020 with an increase of 31% against the previous year.
| Export of Sulphites; of Sodium in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 16.4 | 7.0 | 12.1 | 23.7 | 13.1% |
| Pakistan | 2.7 | 2.7 | 3.6 | 10.9 | 59.2% |
| Fiji | N/A | N/A | 6.3 | 3.6 | -42.9% |
| Japan | 26.9 | 65.8 | 54.4 | N/A | 42.2% |
| Indonesia | 12.7 | 4.3 | 0.5 | N/A | -80.2% |
| Iraq | N/A | N/A | 8.4 | N/A | 0% |
| Others | 5.7 | 5.0 | 3.9 | 8.7 | 15.1% |
| Total | 64.6 | 84.9 | 89.1 | 47.0 | -10.1% |
Top Export Markets for Sulphites; of Sodium from South Korea in 2022:
- Indonesia (undefined tons)
- Vietnam (28.9 tons)
- Pakistan (10.3 tons)
- Fiji (6.3 tons)
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