Price for Polyvinyl Alcohol; Whether or Not Containing Unhydrolysed Acetate Groups in South Korea - 2022

Contents:

  1. Price for Polyvinyl Alcohol; Whether or Not Containing Unhydrolysed Acetate Groups in South Korea (CIF) - 2022
  2. Price for Polyvinyl Alcohol; Whether or Not Containing Unhydrolysed Acetate Groups in South Korea (FOB) - 2022
  3. Imports of Polyvinyl Alcohol; Whether or Not Containing Unhydrolysed Acetate Groups in South Korea
  4. Exports of Polyvinyl Alcohol; Whether or Not Containing Unhydrolysed Acetate Groups in South Korea

Price for Polyvinyl Alcohol; Whether or Not Containing Unhydrolysed Acetate Groups in South Korea (CIF) - 2022

In 2022, the average import price for polyvinyl alcohol; whether or not containing unhydrolysed acetate groupses amounted to $4,045 per ton, growing by 44% against the previous year. In general, import price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for polyvinyl alcohol; whether or not containing unhydrolysed acetate groupses increased by +68.8% against 2020 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 the UK ($6,945 per ton), while the price for China ($3,695 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+7.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Polyvinyl Alcohol; Whether or Not Containing Unhydrolysed Acetate Groups in South Korea (FOB) - 2022

The average export price for polyvinyl alcohol; whether or not containing unhydrolysed acetate groupses stood at $1,917 per ton in 2022, which is down by -28.4% against the previous year. Overall, the export price recorded a abrupt contraction. The growth pace was the most rapid in 2015 when the average export price increased by 38%. As a result, the export price attained the peak level of $13,259 per ton. From 2016 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($34,746 per ton), while the average price for exports to Japan ($1,103 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 Taiwan (Chinese) (+1.6%), while the prices for the other major destinations experienced a decline.

Imports of Polyvinyl Alcohol; Whether or Not Containing Unhydrolysed Acetate Groups in South Korea

After three years of growth, overseas purchases of polyvinyl alcohol; whether or not containing unhydrolysed acetate groupses decreased by -9.6% to 21K tons in 2022. The total import volume increased at an average annual rate of +6.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 25% against the previous year. As a result, imports reached the peak of 24K tons, and then shrank in the following year.

In value terms, imports of polyvinyl alcohol; whether or not containing unhydrolysed acetate groupses skyrocketed to $87M in 2022. Over the period under review, imports, however, continue to indicate significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 47% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Import of Polyvinyl Alcohol; Whether or Not Containing Unhydrolysed Acetate Groups in South Korea (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
China19.322.641.056.543.1%
Japan18.816.117.717.0-3.3%
Taiwan (Chinese)2.72.63.35.224.4%
United Kingdom1.82.42.62.511.6%
United States1.60.91.42.211.2%
Others1.40.80.83.434.4%
Total45.645.466.786.723.9%

Top Suppliers of Polyvinyl Alcohol; Whether or Not Containing Unhydrolysed Acetate Groups to South Korea in 2022:

  1. China (15.3K tons)
  2. Japan (3.5K tons)
  3. Taiwan (Chinese) (1.3K tons)
  4. United States (0.6K tons)
  5. United Kingdom (0.4K tons)

Exports of Polyvinyl Alcohol; Whether or Not Containing Unhydrolysed Acetate Groups in South Korea

Exports of polyvinyl alcohol; whether or not containing unhydrolysed acetate groupses from South Korea surged to 732 tons in 2022, with an increase of 83% on the year before. Overall, total exports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +15.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of polyvinyl alcohol; whether or not containing unhydrolysed acetate groupses skyrocketed to $1.4M in 2022. Over the period under review, exports, however, saw a perceptible curtailment.

Export of Polyvinyl Alcohol; Whether or Not Containing Unhydrolysed Acetate Groups in South Korea (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China1,1751,2098071,044-3.9%
Vietnam186248162169-3.1%
Thailand9.05.317.185.1111.5%
Japan4.34.314.319.966.6%
Others23510971.083.8-29.1%
Total1,6091,5771,0721,403-4.5%

Top Export Markets for Polyvinyl Alcohol; Whether or Not Containing Unhydrolysed Acetate Groups from South Korea in 2022:

  1. China (546.2 tons)
  2. Vietnam (79.7 tons)
  3. Thailand (76.1 tons)
  4. Japan (18.0 tons)

Source: IndexBox Market Intelligence Platform

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