Price for Fluorides; Fluorosilicates, Fluoroaluminates and Other Complex Fluorine Salts in South Korea - 2022

Contents:

1. Price for Fluorides; Fluorosilicates, Fluoroaluminates and Other Complex Fluorine Salts in South Korea (FOB) - 2022
2. Price for Fluorides; Fluorosilicates, Fluoroaluminates and Other Complex Fluorine Salts in South Korea (CIF) - 2022
3. Exports of Fluorides; Fluorosilicates, Fluoroaluminates and Other Complex Fluorine Salts in South Korea
4. Imports of Fluorides; Fluorosilicates, Fluoroaluminates and Other Complex Fluorine Salts in South Korea

Price for Fluorides; Fluorosilicates, Fluoroaluminates and Other Complex Fluorine Salts in South Korea (FOB) - 2022

The average export price for fluorides; fluorosilicates, fluoroaluminates and other complex fluorine saltses stood at $13,208 per ton in December 2022, which is down by -46.2% against the previous month. Over the period under review, the export price showed a abrupt decrease. The growth pace was the most rapid in January 2022 when the average export price increased by 41% month-to-month. As a result, the export price reached the peak level of $35,850 per ton. From February 2022 to December 2022, the the average export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In December 2022, the country with the highest price was Hungary ($82,390 per ton), while the average price for exports to China ($9,859 per ton) was amongst the lowest.

From December 2021 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to Japan (-1.1%), while the prices for the other major destinations experienced a decline.

Price for Fluorides; Fluorosilicates, Fluoroaluminates and Other Complex Fluorine Salts in South Korea (CIF) - 2022

The average import price for fluorides; fluorosilicates, fluoroaluminates and other complex fluorine saltses stood at $9,397 per ton in 2022, surging by 20% against the previous year. Over the period under review, the import price showed prominent growth. The most prominent rate of growth was recorded in 2021 when the average import price increased by 47% against the previous year. The import price peaked 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 the United States ($52,159 per ton), while the price for Hungary ($1,756 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+22.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Fluorides; Fluorosilicates, Fluoroaluminates and Other Complex Fluorine Salts in South Korea

For the fourth year in a row, South Korea recorded growth in overseas shipments of fluorides; fluorosilicates, fluoroaluminates and other complex fluorine saltses, which increased by 4.7% to 9.5K tons in 2022. In general, total exports indicated significant growth from 2019 to 2022: its volume increased at an average annual rate of +25.8% 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 +99.1% against 2019 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 56% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are likely to see steady growth in the immediate term.

In value terms, exports of fluorides; fluorosilicates, fluoroaluminates and other complex fluorine saltses rose rapidly to $213M in 2022. Over the period under review, exports continue to indicate a significant expansion. The growth pace was the most rapid in 2021 with an increase of 84% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.

Top Export Markets for Fluorides; Fluorosilicates, Fluoroaluminates and Other Complex Fluorine Salts from South Korea in 2022:

1. China (8.3K tons)
2. United States (0.3K tons)
3. Hungary (0.2K tons)
4. Japan (0.2K tons)
5. Taiwan (Chinese) (0.1K tons)

Imports of Fluorides; Fluorosilicates, Fluoroaluminates and Other Complex Fluorine Salts in South Korea

Imports of fluorides; fluorosilicates, fluoroaluminates and other complex fluorine saltses into South Korea contracted rapidly to 23K tons in 2022, which is down by -16.2% on 2021 figures. Overall, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 33%. As a result, imports reached the peak of 27K tons, and then shrank rapidly in the following year.

In value terms, imports of fluorides; fluorosilicates, fluoroaluminates and other complex fluorine saltses stood at $212M in 2022. In general, imports, however, recorded a significant expansion. The pace of growth was the most pronounced in 2021 when imports increased by 95%. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the immediate term.

Top Suppliers of Fluorides; Fluorosilicates, Fluoroaluminates and Other Complex Fluorine Salts to South Korea in 2022:

1. China (11.4K tons)
2. Japan (9.8K tons)
3. Hungary (0.4K tons)
4. United States (0.3K tons)
5. Germany (0.3K tons)

Source: IndexBox Market Intelligence Platform