Price for Polyphenols; Resorcinol and Its Salts in South Korea - 2022
Contents:
- Price for Polyphenols; Resorcinol and Its Salts in South Korea (CIF) - 2022
- Price for Polyphenols; Resorcinol and Its Salts in South Korea (FOB) - 2022
- Imports of Polyphenols; Resorcinol and Its Salts in South Korea
- Exports of Polyphenols; Resorcinol and Its Salts in South Korea
Price for Polyphenols; Resorcinol and Its Salts in South Korea (CIF) - 2022
The average import price for polyphenols; resorcinol and its saltses stood at $5,257 per ton in December 2022, dropping by -2.2% against the previous month. Over the period under review, the import price continues to indicate a perceptible slump. The pace of growth was the most pronounced in July 2022 when the average import price increased by 56% against the previous month. As a result, import price reached the peak level of $9,397 per ton. From August 2022 to December 2022, the average import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was China ($10,401 per ton), while the price for Japan amounted to $4,991 per ton.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by China (-1.1%).
Price for Polyphenols; Resorcinol and Its Salts in South Korea (FOB) - 2022
In 2022, the average export price for polyphenols; resorcinol and its saltses amounted to $12,213 per ton, increasing by 36% against the previous year. Overall, the export price recorded resilient growth. The pace of growth was the most pronounced in 2015 when the average export price increased by 539% against the previous year. As a result, the export price attained the peak level of $39,927 per ton. From 2016 to 2022, the average export prices remained at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($12,332 per ton), while the average price for exports to Vietnam ($7,760 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 UK (+10.7%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Polyphenols; Resorcinol and Its Salts in South Korea
In 2022, overseas purchases of polyphenols; resorcinol and its saltses decreased by -22.9% to 3.5K tons, falling for the second consecutive year after two years of growth. In general, imports recorded a deep slump. The pace of growth appeared the most rapid in 2020 with an increase of 27%. As a result, imports attained the peak of 6.2K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, polyphenols; resorcinol and its salts imports dropped sharply to $22M in 2022. Over the period under review, imports faced a abrupt slump. The most prominent rate of growth was recorded in 2020 when imports increased by 36% against the previous year. As a result, imports attained the peak of $46M. From 2021 to 2022, the growth of imports remained at a lower figure.
| Import of Polyphenols; Resorcinol and Its Salts in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 33.2 | 45.0 | 29.6 | 18.8 | -17.3% |
| China | 0.5 | 1.0 | 2.2 | 2.1 | 61.3% |
| India | N/A | 0.1 | N/A | 0.5 | 123.6% |
| Others | 0.3 | 0.2 | 0.3 | 0.2 | -12.6% |
| Total | 34.0 | 46.3 | 32.1 | 21.7 | -13.9% |
Top Suppliers of Polyphenols; Resorcinol and Its Salts to South Korea in 2022:
- Japan (3226.1 tons)
- China (184.1 tons)
- India (76.0 tons)
Exports of Polyphenols; Resorcinol and Its Salts in South Korea
In 2022, approx. 141 tons of polyphenols; resorcinol and its saltses were exported from South Korea; jumping by 2,019% compared with the previous year. In general, exports saw a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, polyphenols; resorcinol and its salts exports surged to $1.7M in 2022. Overall, exports showed a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Polyphenols; Resorcinol and Its Salts in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | N/A | N/A | N/A | 1,689 | 0% |
| Vietnam | 1.6 | 1.4 | 38.3 | 23.5 | 144.9% |
| China | 12.8 | 33.6 | 16.8 | 8.3 | -13.4% |
| United Kingdom | 108 | 90.0 | N/A | N/A | -16.7% |
| Others | 14.0 | 4.1 | 4.5 | 1.2 | -55.9% |
| Total | 136 | 129 | 59.6 | 1,722 | 133.1% |
Top Export Markets for Polyphenols; Resorcinol and Its Salts from South Korea in 2022:
- United States (136.9 tons)
- Vietnam (3.0 tons)
- China (1.0 tons)
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