Price for Bromides; of Sodium or of Potassium in South Korea - 2022

Contents:

  1. Price for Bromides; of Sodium or of Potassium in South Korea (CIF) - 2022
  2. Price for Bromides; of Sodium or of Potassium in South Korea (FOB) - 2022
  3. Imports of Bromides; of Sodium or of Potassium in South Korea
  4. Exports of Bromides; of Sodium or of Potassium in South Korea

Price for Bromides; of Sodium or of Potassium in South Korea (CIF) - 2022

The average import price for bromides; of sodium or of potassia stood at $4,206 per ton in 2022, which is down by -1.8% against the previous year. Overall, the import price showed a noticeable reduction. The growth pace was the most rapid in 2021 an increase of 30%. The import price peaked at $8,862 per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($6,836 per ton), while the price for the United States ($2,840 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+3.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Bromides; of Sodium or of Potassium in South Korea (FOB) - 2022

The average export price for bromides; of sodium or of potassia stood at $24,697 per ton in 2022, reducing by -8.6% against the previous year. Overall, the export price, however, enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2017 an increase of 99%. Over the period under review, the average export prices reached the peak figure at $27,008 per ton in 2021, and then dropped in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Poland ($37,383 per ton), while the average price for exports to the Philippines ($8,000 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 Philippines (+28.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Bromides; of Sodium or of Potassium in South Korea

In 2022, the amount of bromides; of sodium or of potassia imported into South Korea surged to 855 tons, with an increase of 42% against the year before. In general, total imports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +5.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +76.2% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of bromides; of sodium or of potassia skyrocketed to $3.6M in 2022. Overall, imports continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2021 with an increase of 60% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Import of Bromides; of Sodium or of Potassium in South Korea (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China7288121,4751,45526.0%
Israel22.247.02201,141271.8%
United States1,275626720826-13.5%
India54.021.248.113134.4%
Others59.295.810843.0-10.1%
Total2,1381,6022,5713,59618.9%

Top Suppliers of Bromides; of Sodium or of Potassium to South Korea in 2022:

  1. Israel (296.4 tons)
  2. United States (290.9 tons)
  3. China (247.5 tons)
  4. India (19.1 tons)

Exports of Bromides; of Sodium or of Potassium in South Korea

In 2022, the amount of bromides; of sodium or of potassia exported from South Korea skyrocketed to 2.3 tons, growing by 61% on the year before. Over the period under review, total exports indicated a significant expansion from 2019 to 2022: its volume increased at an average annual rate of +21.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +77.4% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of bromides; of sodium or of potassia soared to $56K in 2022. In general, total exports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +22.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +82.2% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Export of Bromides; of Sodium or of Potassium in South Korea (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Poland18.220.929.222.47.2%
MalaysiaN/A7.53.519.862.5%
SloveniaN/AN/AN/A8.90%
Thailand0.50.11.01.233.9%
PhilippinesN/A4.42.0N/A-54.5%
Vietnam7.8N/AN/AN/A0%
Others4.44.72.64.0-3.1%
Total30.937.638.456.422.2%

Top Export Markets for Bromides; of Sodium or of Potassium from South Korea in 2022:

  1. Malaysia (1250.0 kg)
  2. Poland (600.0 kg)
  3. Slovenia (300.0 kg)
  4. Thailand (74.0 kg)
  5. Vietnam (2.0 kg)
  6. Philippines (1.0 kg)

Source: IndexBox Market Intelligence Platform

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