Salts; Sodium Dichromate Price in South Korea - 2022

Contents:

1. Salts; Sodium Dichromate Price in South Korea (CIF) - 2022
2. Salts; Sodium Dichromate Price in South Korea (FOB) - 2022
3. Salts; Sodium Dichromate Imports in South Korea
4. Salts; Sodium Dichromate Exports in South Korea

Salts; Sodium Dichromate Price in South Korea (CIF) - 2022

In 2022, the average salts; sodium dichromate import price amounted to $2,225 per ton, jumping by 44% against the previous year. Over the last decade, it increased at an average annual rate of +1.3%. As a result, import price reached 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 Japan ($3,017 per ton), while the price for Russia ($1,851 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kazakhstan (+1.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Salts; Sodium Dichromate Price in South Korea (FOB) - 2022

In 2022, the average salts; sodium dichromate export price amounted to $41,821 per ton, dropping by -1.9% against the previous year. Over the period under review, the export price, however, showed resilient growth. The pace of growth was the most pronounced in 2021 when the average export price increased by 566%. As a result, the export price reached the peak level of $42,615 per ton, and then reduced modestly 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 Taiwan (Chinese) ($61,583 per ton), while the average price for exports to Thailand ($9,000 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 Vietnam (+9.9%), while the prices for the other major destinations experienced more modest paces of growth.

Salts; Sodium Dichromate Imports in South Korea

In 2022, salts; sodium dichromate imports into South Korea shrank remarkably to 662 tons, falling by -35.9% on 2021. In general, imports recorded a dramatic shrinkage. The smallest decline of -9.4% was in 2021.

In value terms, salts; sodium dichromate imports fell to $1.5M in 2022. Overall, imports faced a drastic downturn.

Top Suppliers of Salts; Sodium Dichromate to South Korea in 2022:

1. Kazakhstan (240.0 tons)
2. China (239.0 tons)
3. United States (119.0 tons)
4. Russia (40.0 tons)
5. Japan (24.0 tons)

Salts; Sodium Dichromate Exports in South Korea

In 2022, exports of salts; sodium dichromate from South Korea soared to 39 kg, rising by 200% compared with the previous year. Overall, exports posted a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 485% against the previous year. As a result, the exports reached the peak of 117 kg. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, salts; sodium dichromate exports surged to $1.6K in 2022. Over the period under review, exports enjoyed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Salts; Sodium Dichromate from South Korea in 2022:

1. Taiwan (Chinese) (24.0 kg)
2. Thailand (10.0 kg)
3. Vietnam (5.0 kg)

Source: IndexBox Market Intelligence Platform