Borates; Peroxoborates (Perborates) Price in South Korea - 2022
Contents:
- Borates; Peroxoborates (Perborates) Price in South Korea (CIF) - 2022
- Borates; Peroxoborates (Perborates) Price in South Korea (FOB) - 2022
- Borates; Peroxoborates (Perborates) Imports in South Korea
- Borates; Peroxoborates (Perborates) Exports in South Korea
Borates; Peroxoborates (Perborates) Price in South Korea (CIF) - 2022
The average borates; peroxoborates (perborates) import price stood at $757 per ton in December 2022, jumping by 17% against the previous month. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in August 2022 an increase of 36% month-to-month. As a result, import price reached the peak level of $922 per ton. From September 2022 to December 2022, the average import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was China ($2,515 per ton), while the price for the United States ($639 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 the United States (+2.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Borates; Peroxoborates (Perborates) Price in South Korea (FOB) - 2022
The average borates; peroxoborates (perborates) export price stood at $2,406 per ton in 2022, rising by 8.9% against the previous year. In general, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when the average export price increased by 68% against the previous year. As a result, the export price attained the peak level of $3,236 per ton. From 2020 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 China ($9,427 per ton), while the average price for exports to Taiwan (Chinese) ($1,273 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 the United States (+67.4%), while the prices for the other major destinations experienced more modest paces of growth.
Borates; Peroxoborates (Perborates) Imports in South Korea
In 2022, approx. 22K tons of borates; peroxoborates (perborates)s were imported into South Korea; waning by -27% against the year before. Over the period under review, imports, however, recorded a buoyant expansion. The growth pace was the most rapid in 2021 when imports increased by 118% against the previous year. As a result, imports reached the peak of 30K tons, and then declined remarkably in the following year.
In value terms, borates; peroxoborates (perborates) imports dropped rapidly to $14M in 2022. Overall, imports, however, saw a strong increase. The most prominent rate of growth was recorded in 2021 when imports increased by 99%. As a result, imports reached the peak of $19M, and then contracted dramatically in the following year.
| Import of Borates; Peroxoborates (Perborates) in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 3.5 | 4.1 | 7.4 | 5.5 | 16.3% |
| United States | 4.9 | 3.9 | 6.1 | 4.7 | -1.4% |
| China | 1.4 | 1.4 | 4.0 | 3.0 | 28.9% |
| Others | 0.4 | 0.3 | 1.7 | 1.3 | 48.1% |
| Total | 10.3 | 9.7 | 19.2 | 14.5 | 12.1% |
Top Suppliers of Borates; Peroxoborates (Perborates) to South Korea in 2022:
- Turkey (12.0K tons)
- United States (8.1K tons)
- China (1.3K tons)
Borates; Peroxoborates (Perborates) Exports in South Korea
After three years of growth, overseas shipments of borates; peroxoborates (perborates)s decreased by -25.8% to 270 tons in 2022. In general, exports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 869%.
In value terms, borates; peroxoborates (perborates) exports reduced markedly to $650K in 2022. Over the period under review, exports, however, posted a significant increase. The growth pace was the most rapid in 2020 when exports increased by 693% against the previous year.
| Export of Borates; Peroxoborates (Perborates) in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 29.8 | 118 | 327 | 276 | 110.0% |
| Taiwan (Chinese) | 1.4 | 153 | 238 | 201 | 423.6% |
| Indonesia | 5.6 | 81.2 | 57.1 | 48.1 | 104.8% |
| Malaysia | 0.6 | 0.1 | 55.8 | 47.1 | 328.2% |
| Fiji | N/A | N/A | 26.4 | N/A | 0% |
| Philippines | N/A | N/A | 47.5 | N/A | 0% |
| Iran | N/A | 38.5 | N/A | N/A | 0% |
| Others | 24.9 | 104 | 52.5 | 78.2 | 46.4% |
| Total | 62.4 | 495 | 805 | 650 | 118.4% |
Top Export Markets for Borates; Peroxoborates (Perborates) from South Korea in 2022:
- Taiwan (Chinese) (157.9 tons)
- Japan (85.5 tons)
- Malaysia (10.1 tons)
- Indonesia (5.3 tons)
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