Price for Heterocyclic Compounds with Oxygen Hetero-Atom(S) Only in South Korea - 2022
Contents:
- Price for Heterocyclic Compounds with Oxygen Hetero-Atom(S) Only in South Korea (CIF) - 2022
- Price for Heterocyclic Compounds with Oxygen Hetero-Atom(S) Only in South Korea (FOB) - 2022
- Imports of Heterocyclic Compounds with Oxygen Hetero-Atom(S) Only in South Korea
- Exports of Heterocyclic Compounds with Oxygen Hetero-Atom(S) Only in South Korea
Price for Heterocyclic Compounds with Oxygen Hetero-Atom(S) Only in South Korea (CIF) - 2022
The average import price for heterocyclic compounds with oxygen hetero-atom(s) onlies stood at $10,102 per ton in 2022, growing by 9.4% against the previous year. Overall, the import price enjoyed noticeable growth. The pace of growth appeared the most rapid in 2021 when the average import price increased by 56%. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain growth in the near future.
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 ($14,734 per ton), while the price for Malaysia ($1,232 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+9.6%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Heterocyclic Compounds with Oxygen Hetero-Atom(S) Only in South Korea (FOB) - 2022
In 2022, the average export price for heterocyclic compounds with oxygen hetero-atom(s) onlies amounted to $36,701 per ton, shrinking by -6.3% against the previous year. In general, export price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for heterocyclic compounds with oxygen hetero-atom(s) onlies increased by +110.6% against 2019 indices. The pace of growth was the most pronounced in 2020 an increase of 94%. The export price peaked at $39,179 per ton in 2021, and then dropped in the following year.
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 Germany ($443,494 per ton), while the average price for exports to Singapore ($5,409 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 Japan (+19.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Heterocyclic Compounds with Oxygen Hetero-Atom(S) Only in South Korea
In 2022, the amount of heterocyclic compounds with oxygen hetero-atom(s) onlies imported into South Korea dropped to 51K tons, which is down by -13.9% compared with 2021 figures. Over the period under review, imports recorded a pronounced curtailment. The pace of growth was the most pronounced in 2021 when imports increased by 23% against the previous year. As a result, imports attained the peak of 59K tons, and then dropped in the following year.
In value terms, imports of heterocyclic compounds with oxygen hetero-atom(s) onlies shrank to $514M in 2022. In general, imports, however, enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 91%. As a result, imports attained the peak of $546M, and then contracted in the following year.
| Import of Heterocyclic Compounds with Oxygen Hetero-Atom(S) Only in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 119 | 116 | 325 | 326 | 39.9% |
| United States | 65.5 | 60.3 | 70.9 | 65.1 | -0.2% |
| Taiwan (Chinese) | 2.1 | 7.2 | 29.2 | 27.6 | 136.0% |
| Japan | 19.6 | 21.2 | 22.4 | 21.4 | 3.0% |
| Germany | 44.8 | 33.2 | 35.9 | 20.6 | -22.8% |
| France | 6.4 | 8.4 | 13.9 | 17.3 | 39.3% |
| Malaysia | 13.6 | 10.4 | 10.5 | 1.5 | -52.0% |
| Others | 29.9 | 29.5 | 38.1 | 34.6 | 5.0% |
| Total | 301 | 286 | 546 | 514 | 19.5% |
Top Suppliers of Heterocyclic Compounds with Oxygen Hetero-Atom(S) Only to South Korea in 2022:
- China (28.1K tons)
- United States (6.2K tons)
- Taiwan (Chinese) (5.5K tons)
- France (4.3K tons)
- Japan (1.5K tons)
- Germany (1.4K tons)
- Malaysia (1.2K tons)
Exports of Heterocyclic Compounds with Oxygen Hetero-Atom(S) Only in South Korea
After two years of decline, overseas shipments of heterocyclic compounds with oxygen hetero-atom(s) onlies increased by 3.5% to 3.5K tons in 2022. Over the period under review, exports recorded a relatively flat trend pattern. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of heterocyclic compounds with oxygen hetero-atom(s) onlies reduced modestly to $128M in 2022. Overall, exports showed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 93% against the previous year.
| Export of Heterocyclic Compounds with Oxygen Hetero-Atom(S) Only in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 19.2 | 48.8 | 63.5 | 66.8 | 51.5% |
| China | 5.2 | 21.1 | 31.1 | 15.9 | 45.1% |
| Japan | 5.5 | 8.0 | 10.7 | 13.5 | 34.9% |
| India | 4.7 | 6.2 | 5.1 | 7.1 | 14.7% |
| United States | 3.1 | 2.7 | 4.9 | 6.8 | 29.9% |
| Indonesia | 3.7 | 3.3 | 3.1 | 5.2 | 12.0% |
| Taiwan (Chinese) | 2.9 | 2.7 | 1.9 | 1.6 | -18.0% |
| Netherlands | 0.8 | 0.7 | 0.9 | 1.1 | 11.2% |
| Singapore | N/A | 0.2 | 2.5 | 0.4 | 41.4% |
| Others | 14.5 | 21.1 | 8.3 | 9.6 | -12.8% |
| Total | 59.7 | 115 | 132 | 128 | 28.9% |
Top Export Markets for Heterocyclic Compounds with Oxygen Hetero-Atom(S) Only from South Korea in 2022:
- China (905.9 tons)
- United States (750.2 tons)
- India (450.6 tons)
- Japan (338.0 tons)
- Indonesia (326.4 tons)
- France (181.3 tons)
- Netherlands (121.1 tons)
- Singapore (81.0 tons)
- Taiwan (Chinese) (73.4 tons)
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