Alkali Metals; Sodium Price in South Korea - 2022
Contents:
- Alkali Metals; Sodium Price in South Korea (CIF) - 2022
- Alkali Metals; Sodium Price in South Korea (FOB) - 2022
- Alkali Metals; Sodium Imports in South Korea
- Alkali Metals; Sodium Exports in South Korea
Alkali Metals; Sodium Price in South Korea (CIF) - 2022
In December 2022, the average alkali metals; sodium import price amounted to $3,282 per ton, almost unchanged from the previous month. In general, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in April 2022 when the average import price increased by 757% month-to-month. As a result, import price reached the peak level of $28,235 per ton. From May 2022 to December 2022, the average import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for China.
From December 2021 to December 2022, the rate of growth in terms of prices for China amounted to -0.1% per month.
Alkali Metals; Sodium Price in South Korea (FOB) - 2022
The average alkali metals; sodium export price stood at $55,706 per ton in 2022, increasing by 11% against the previous year. In general, the export price saw significant growth. The pace of growth was the most pronounced in 2017 when the average export price increased by 154%. The export price peaked in 2022 and is expected to retain growth in the near future.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($677,583 per ton), while the average price for exports to China ($1,867 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 (+59.7%), while the prices for the other major destinations experienced more modest paces of growth.
Alkali Metals; Sodium Imports in South Korea
After three years of growth, purchases abroad of alkali metals; sodia decreased by -2.8% to 305 tons in 2022. The total import volume increased at an average annual rate of +12.8% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 with an increase of 37%.
In value terms, alkali metals; sodium imports dropped to $942K in 2022. The total import value increased at an average annual rate of +8.8% 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 25%.
| Import of Alkali Metals; Sodium in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 565 | 825 | 897 | 821 | 13.3% |
| France | 122 | 19.8 | 10.1 | 32.3 | -35.8% |
| Others | 45.1 | 74.1 | 58.0 | 89.0 | 25.4% |
| Total | 732 | 919 | 965 | 942 | 8.8% |
Top Suppliers of Alkali Metals; Sodium to South Korea in 2022:
- China (282.5 tons)
- France (6.6 tons)
Alkali Metals; Sodium Exports in South Korea
In 2022, exports of alkali metals; sodia from South Korea fell sharply to 241 kg, waning by -52.4% on 2021. Overall, exports, however, showed a strong increase. The pace of growth appeared the most rapid in 2021 with an increase of 655%. As a result, the exports attained the peak of 506 kg, and then contracted significantly in the following year.
In value terms, alkali metals; sodium exports dropped notably to $13K in 2022. In general, exports, however, saw significant growth. The pace of growth was the most pronounced in 2021 when exports increased by 1,553% against the previous year. As a result, the exports attained the peak of $25K, and then reduced remarkably in the following year.
| Export of Alkali Metals; Sodium in South Korea (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 206 | 561 | 7,026 | 6,711 | 219.4% |
| Indonesia | 362 | 303 | 1,607 | 1,026 | 41.5% |
| United States | 151 | 68.0 | 464 | 417 | 40.3% |
| China | 151 | 60.0 | 357 | 281 | 23.0% |
| Myanmar | 1,155 | 136 | 244 | 175 | -46.7% |
| Singapore | 218 | 70.0 | 339 | 155 | -10.7% |
| Hong Kong SAR | 243 | 70.0 | 304 | 111 | -23.0% |
| Others | 299 | 265 | 15,001 | 4,562 | 148.0% |
| Total | 2,785 | 1,533 | 25,342 | 13,438 | 69.0% |
Top Export Markets for Alkali Metals; Sodium from South Korea in 2022:
- China (150.0 kg)
- France (40.0 kg)
- Indonesia (20.0 kg)
- Singapore (11.0 kg)
- United States (7.0 kg)
- Myanmar (6.0 kg)
- Hong Kong SAR (1.0 kg)
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