Price for Acids; Aromatic Polycarboxylic Acids; Dioctyl Orthophthalates in South Korea - 2022
Contents:
- Price for Acids; Aromatic Polycarboxylic Acids; Dioctyl Orthophthalates in South Korea (FOB) - 2022
- Price for Acids; Aromatic Polycarboxylic Acids; Dioctyl Orthophthalates in South Korea (CIF) - 2022
- Exports of Acids; Aromatic Polycarboxylic Acids; Dioctyl Orthophthalates in South Korea
- Imports of Acids; Aromatic Polycarboxylic Acids; Dioctyl Orthophthalates in South Korea
Price for Acids; Aromatic Polycarboxylic Acids; Dioctyl Orthophthalates in South Korea (FOB) - 2022
The average export price for acids; aromatic polycarboxylic acids; dioctyl orthophthalateses stood at $1,495 per ton in December 2022, flattening at the previous month. Over the period under review, the export price, however, continues to indicate a slight curtailment. The pace of growth appeared the most rapid in March 2022 an increase of 8.7% month-to-month. The export price peaked at $1,915 per ton in May 2022; however, from June 2022 to December 2022, the export prices remained at a lower figure.
Average prices varied noticeably for the major external markets. In December 2022, the countries with the highest prices were Nigeria ($1,639 per ton) and Japan ($1,558 per ton), while the average price for exports to Thailand ($1,353 per ton) and Singapore ($1,379 per ton) were amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ethiopia (+3.9%), while the prices for the other major destinations experienced a decline.
Price for Acids; Aromatic Polycarboxylic Acids; Dioctyl Orthophthalates in South Korea (CIF) - 2022
In 2022, the average import price for acids; aromatic polycarboxylic acids; dioctyl orthophthalateses amounted to $1,723 per ton, surging by 5.3% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average import price increased by 69%. As a result, import price attained the peak level of $2,601 per ton. From 2020 to 2022, the average import prices remained at a somewhat lower figure.
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 Japan ($3,636 per ton), while the price for China ($1,060 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+8.1%), while the prices for the other major suppliers experienced a decline.
Exports of Acids; Aromatic Polycarboxylic Acids; Dioctyl Orthophthalates in South Korea
In 2022, the amount of acids; aromatic polycarboxylic acids; dioctyl orthophthalateses exported from South Korea shrank notably to 43K tons, waning by -25.4% compared with 2021 figures. Over the period under review, exports saw a sharp decline.
In value terms, exports of acids; aromatic polycarboxylic acids; dioctyl orthophthalateses fell remarkably to $72M in 2022. Overall, exports showed a sharp decrease. The pace of growth appeared the most rapid in 2021 with an increase of 26%.
| Export of Acids; Aromatic Polycarboxylic Acids; Dioctyl Orthophthalates in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Nigeria | 16.0 | 6.4 | 15.1 | 7.7 | -21.6% |
| Japan | 5.4 | 2.9 | 4.0 | 6.9 | 8.5% |
| United States | 7.3 | 5.5 | 6.6 | 6.1 | -5.8% |
| Peru | 17.6 | 8.4 | 4.0 | 6.0 | -30.1% |
| Ethiopia | 5.7 | 6.0 | 5.9 | 4.8 | -5.6% |
| Kenya | 8.7 | 7.2 | 6.3 | 4.5 | -19.7% |
| Mexico | 10.2 | 1.3 | N/A | 3.4 | -30.7% |
| Jordan | 2.3 | 1.7 | 4.7 | 3.4 | 13.9% |
| Egypt | 8.1 | 3.1 | 1.5 | 2.7 | -30.7% |
| Philippines | 5.0 | 2.2 | 3.4 | 2.7 | -18.6% |
| Syrian Arab Republic | 4.8 | 2.9 | 1.0 | 2.6 | -18.5% |
| Netherlands | 2.2 | 1.8 | 1.8 | 2.4 | 2.9% |
| Vietnam | 5.0 | 1.4 | 2.4 | 2.0 | -26.3% |
| Others | 119 | 30.8 | 46.6 | 17.1 | -47.6% |
| Total | 218 | 81.6 | 103 | 72.3 | -30.8% |
Top Export Markets for Acids; Aromatic Polycarboxylic Acids; Dioctyl Orthophthalates from South Korea in 2022:
- Japan (4.1K tons)
- Nigeria (4.1K tons)
- Peru (3.3K tons)
- United States (3.2K tons)
- Mexico (3.0K tons)
- Ethiopia (3.0K tons)
- Kenya (2.5K tons)
- Syrian Arab Republic (2.2K tons)
- Jordan (1.9K tons)
- Egypt (1.7K tons)
- Philippines (1.5K tons)
- Netherlands (1.4K tons)
- Vietnam (1.2K tons)
Imports of Acids; Aromatic Polycarboxylic Acids; Dioctyl Orthophthalates in South Korea
In 2022, after three years of growth, there was significant decline in purchases abroad of acids; aromatic polycarboxylic acids; dioctyl orthophthalateses, when their volume decreased by -30.9% to 156 tons. In general, imports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 634% against the previous year. As a result, imports reached the peak of 226 tons, and then declined rapidly in the following year.
In value terms, imports of acids; aromatic polycarboxylic acids; dioctyl orthophthalateses dropped rapidly to $269K in 2022. Overall, imports, however, continue to indicate a significant increase. The growth pace was the most rapid in 2021 with an increase of 704% against the previous year. As a result, imports attained the peak of $371K, and then shrank markedly in the following year.
| Import of Acids; Aromatic Polycarboxylic Acids; Dioctyl Orthophthalates in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 14.5 | 15.2 | 125 | 172 | 128.1% |
| China | 0.1 | 0.2 | 0.1 | 64.2 | 762.7% |
| Japan | 18.3 | 3.1 | 41.1 | 17.3 | -1.9% |
| Switzerland | 11.5 | 3.7 | 94.8 | 14.0 | 6.8% |
| Canada | 0.4 | 0.1 | 22.8 | 1.1 | 40.1% |
| Hong Kong SAR | N/A | N/A | 84.3 | N/A | 0% |
| Indonesia | N/A | 23.4 | N/A | N/A | 0% |
| Others | 13.0 | 0.3 | 2.3 | 0.6 | -64.1% |
| Total | 57.8 | 46.1 | 371 | 269 | 67.0% |
Top Suppliers of Acids; Aromatic Polycarboxylic Acids; Dioctyl Orthophthalates to South Korea in 2022:
- United States (82.6 tons)
- China (60.5 tons)
- Switzerland (7.4 tons)
- Japan (4.8 tons)
- Canada (0.7 tons)
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