Price for Colouring Matter; Lithopone and Other Pigments and Preparations Based On Zinc Sulphide in South Korea - 2022

Contents:

1. Price for Colouring Matter; Lithopone and Other Pigments and Preparations Based On Zinc Sulphide in South Korea (CIF) - 2022
2. Price for Colouring Matter; Lithopone and Other Pigments and Preparations Based On Zinc Sulphide in South Korea (FOB) - 2022
3. Imports of Colouring Matter; Lithopone and Other Pigments and Preparations Based On Zinc Sulphide in South Korea
4. Exports of Colouring Matter; Lithopone and Other Pigments and Preparations Based On Zinc Sulphide in South Korea

Price for Colouring Matter; Lithopone and Other Pigments and Preparations Based On Zinc Sulphide in South Korea (CIF) - 2022

The average import price for colouring matter; lithopone and other pigments and preparations based on zinc sulphides stood at $5,030 per ton in 2022, increasing by 41% against the previous year. In general, the import price posted a resilient increase. The pace of growth was the most pronounced in 2018 when the average import price increased by 99.9%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in years to come.

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 Germany ($5,228 per ton), while the price for China stood at $1,940 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+9.0%).

Price for Colouring Matter; Lithopone and Other Pigments and Preparations Based On Zinc Sulphide in South Korea (FOB) - 2022

The average export price for colouring matter; lithopone and other pigments and preparations based on zinc sulphides stood at $5,071 per ton in 2022, surging by 13% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.3%. The pace of growth appeared the most rapid in 2013 an increase of 37% against the previous year. The export price peaked in 2022 and is expected to retain growth in the near future.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was China ($5,100 per ton), while the average price for exports to Vietnam ($4,844 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 India (+6.6%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Colouring Matter; Lithopone and Other Pigments and Preparations Based On Zinc Sulphide in South Korea

In 2022, approx. 208 tons of colouring matter; lithopone and other pigments and preparations based on zinc sulphides were imported into South Korea; falling by -22.5% compared with 2021 figures. In general, imports recorded a mild downturn. The pace of growth was the most pronounced in 2021 with an increase of 27% against the previous year. As a result, imports reached the peak of 268 tons, and then shrank significantly in the following year.

In value terms, imports of colouring matter; lithopone and other pigments and preparations based on zinc sulphides expanded sharply to $1M in 2022. The total import value increased at an average annual rate of +14.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 18%. Imports peaked in 2022 and are likely to continue growth in the near future.

Top Suppliers of Colouring Matter; Lithopone and Other Pigments and Preparations Based On Zinc Sulphide to South Korea in 2022:

1. Germany (182.5 tons)
2. China (23.3 tons)

Exports of Colouring Matter; Lithopone and Other Pigments and Preparations Based On Zinc Sulphide in South Korea

Exports of colouring matter; lithopone and other pigments and preparations based on zinc sulphides from South Korea shrank significantly to 22 tons in 2022, which is down by -56% on the previous year. Overall, exports faced a precipitous decline. The pace of growth was the most pronounced in 2021 when exports increased by 45% against the previous year.

In value terms, exports of colouring matter; lithopone and other pigments and preparations based on zinc sulphides reduced markedly to $112K in 2022. In general, exports saw a significant decrease. The most prominent rate of growth was recorded in 2021 with an increase of 52%. As a result, the exports reached the peak of $224K, and then fell notably in the following year.

Top Export Markets for Colouring Matter; Lithopone and Other Pigments and Preparations Based On Zinc Sulphide from South Korea in 2022:

1. China (19.4 tons)
2. Vietnam (2.5 tons)
3. India (0.1 tons)

Source: IndexBox Market Intelligence Platform