Alcohols; Polyhydric, Pentaerythritol Price in South Korea - 2022
Contents:
- Alcohols; Polyhydric, Pentaerythritol Price in South Korea (CIF) - 2022
- Alcohols; Polyhydric, Pentaerythritol Price in South Korea (FOB) - 2022
- Alcohols; Polyhydric, Pentaerythritol Imports in South Korea
- Alcohols; Polyhydric, Pentaerythritol Exports in South Korea
Alcohols; Polyhydric, Pentaerythritol Price in South Korea (CIF) - 2022
In December 2022, the average alcohols; polyhydric, pentaerythritol import price amounted to $1,708 per ton, shrinking by -9.1% against the previous month. In general, the import price continues to indicate a slight setback. The growth pace was the most rapid in September 2022 an increase of 11% month-to-month. The import price peaked at $2,220 per ton in June 2022; however, from July 2022 to December 2022, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In December 2022, the country with the highest price was Germany ($3,504 per ton), while the price for Russia ($1,407 per ton) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by Germany (+0.3%), while the prices for the other major suppliers experienced a decline.
Alcohols; Polyhydric, Pentaerythritol Price in South Korea (FOB) - 2022
In 2022, the average alcohols; polyhydric, pentaerythritol export price amounted to $1,118 per ton, shrinking by -38.8% against the previous year. Overall, the export price showed a abrupt descent. The most prominent rate of growth was recorded in 2020 an increase of 188% against the previous year. As a result, the export price reached the peak level of $5,054 per ton. From 2021 to 2022, the average export prices remained at a lower figure.
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 India ($3,468 per ton), while the average price for exports to China totaled $1,584 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (+7.0%), while the prices for the other major destinations experienced a decline.
Alcohols; Polyhydric, Pentaerythritol Imports in South Korea
In 2022, purchases abroad of alcohols; polyhydric, pentaerythritol decreased by -17.7% to 11K tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +2.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 27% against the previous year. As a result, imports reached the peak of 13K tons, and then dropped remarkably in the following year.
In value terms, alcohols; polyhydric, pentaerythritol imports dropped to $22M in 2022. Overall, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +10.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +53.2% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 67% against the previous year. As a result, imports attained the peak of $24M, and then declined in the following year.
| Import of Alcohols; Polyhydric, Pentaerythritol in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 6.8 | 6.7 | 12.9 | 10.3 | 14.8% |
| Taiwan (Chinese) | 5.9 | 4.9 | 7.8 | 6.2 | 1.7% |
| Sweden | 1.5 | 1.3 | 1.7 | 1.4 | -2.3% |
| Russia | 1.9 | 1.4 | 1.5 | 1.3 | -11.9% |
| Others | 0.2 | 0.1 | 0.2 | 3.0 | 146.6% |
| Total | 16.4 | 14.5 | 24.2 | 22.2 | 10.6% |
Top Suppliers of Alcohols; Polyhydric, Pentaerythritol to South Korea in 2022:
- China (6.3K tons)
- Taiwan (Chinese) (3.7K tons)
- Russia (1.0K tons)
- Sweden (0.9K tons)
Alcohols; Polyhydric, Pentaerythritol Exports in South Korea
In 2022, the amount of alcohols; polyhydric, pentaerythritol exported from South Korea reduced markedly to 92 tons, declining by -32.8% on 2021. Over the period under review, exports, however, continue to indicate significant growth. The pace of growth appeared the most rapid in 2021 when exports increased by 1,099% against the previous year. As a result, the exports attained the peak of 137 tons, and then shrank markedly in the following year.
In value terms, alcohols; polyhydric, pentaerythritol exports reduced markedly to $103K in 2022. In general, exports, however, recorded significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 334% against the previous year. As a result, the exports reached the peak of $251K, and then reduced sharply in the following year.
| Export of Alcohols; Polyhydric, Pentaerythritol in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 287 | 229 | 237 | 310 | 2.6% |
| Vietnam | 35.0 | N/A | 9.0 | N/A | -49.3% |
| United Arab Emirates | N/A | 46.7 | N/A | N/A | 0% |
| Others | -293.3 | -217.3 | 5.6 | -206.9 | -11.0% |
| Total | 28.6 | 57.9 | 251 | 103 | 53.3% |
Top Export Markets for Alcohols; Polyhydric, Pentaerythritol from South Korea in 2022:
- China (195.8 tons)
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