Carbonates; Barium Carbonate Price in South Korea - 2022
Contents:
- Carbonates; Barium Carbonate Price in South Korea (CIF) - 2022
- Carbonates; Barium Carbonate Price in South Korea (FOB) - 2022
- Carbonates; Barium Carbonate Imports in South Korea
- Carbonates; Barium Carbonate Exports in South Korea
Carbonates; Barium Carbonate Price in South Korea (CIF) - 2022
The average carbonates; barium carbonate import price stood at $2,174 per ton in 2022, growing by 6.2% against the previous year. Overall, import price indicated a prominent increase from 2012 to 2022: its price increased at an average annual rate of +8.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, carbonates; barium carbonate import price increased by +21.7% against 2020 indices. The most prominent rate of growth was recorded in 2014 when the average import price increased by 33%. Over the period under review, average import prices reached the peak figure in 2022 and is likely to continue 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 Japan ($6,987 per ton), while the price for India ($643 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+7.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Carbonates; Barium Carbonate Price in South Korea (FOB) - 2022
The average carbonates; barium carbonate export price stood at $3,075 per ton in 2022, shrinking by -4.1% against the previous year. In general, the export price, however, posted prominent growth. The most prominent rate of growth was recorded in 2014 when the average export price increased by 80% against the previous year. As a result, the export price reached the peak level of $4,376 per ton. From 2015 to 2022, the average export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Indonesia ($12,150 per ton), while the average price for exports to Vietnam ($3,025 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 Indonesia (+57.1%), while the prices for the other major destinations experienced more modest paces of growth.
Carbonates; Barium Carbonate Imports in South Korea
In 2022, approx. 8.7K tons of carbonates; barium carbonates were imported into South Korea; with an increase of 20% compared with the previous year. In general, total imports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +16.0% 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 +73.9% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 45% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.
In value terms, carbonates; barium carbonate imports skyrocketed to $19M in 2022. Over the period under review, imports posted a prominent expansion. The most prominent rate of growth was recorded in 2021 with an increase of 66% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to see steady growth in the immediate term.
| Import of Carbonates; Barium Carbonate in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 5.4 | 5.5 | 8.1 | 10.0 | 22.8% |
| China | 2.8 | 1.3 | 2.2 | 5.3 | 23.7% |
| Japan | 2.8 | 1.9 | 4.5 | 3.4 | 6.7% |
| India | 0.1 | 0.1 | 0.1 | 0.2 | 26.0% |
| Others | 0.4 | N/A | 0.1 | N/A | -50.0% |
| Total | 11.4 | 8.9 | 14.8 | 18.9 | 18.4% |
Top Suppliers of Carbonates; Barium Carbonate to South Korea in 2022:
- China (4.5K tons)
- United States (3.3K tons)
- Japan (0.5K tons)
- India (0.3K tons)
Carbonates; Barium Carbonate Exports in South Korea
In 2022, after three years of growth, there was significant decline in overseas shipments of carbonates; barium carbonates, when their volume decreased by -8.2% to 99 tons. Over the period under review, exports, however, posted significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 146% against the previous year.
In value terms, carbonates; barium carbonate exports declined to $306K in 2022. Overall, exports, however, posted significant growth. The growth pace was the most rapid in 2020 with an increase of 227%.
| Export of Carbonates; Barium Carbonate in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 40.4 | 66.3 | 151 | 270 | 88.4% |
| China | 0.1 | 1.5 | 143 | 31.6 | 581.1% |
| Taiwan (Chinese) | 10.6 | 0.3 | 51.7 | 3.3 | -32.2% |
| Japan | 46.3 | 253 | 0.5 | N/A | -89.6% |
| Others | 1.1 | 0.4 | 1.4 | 0.9 | -6.5% |
| Total | 98.4 | 321 | 348 | 306 | 46.0% |
Top Export Markets for Carbonates; Barium Carbonate from South Korea in 2022:
- Vietnam (89.3 tons)
- China (9.1 tons)
- Taiwan (Chinese) (1.0 tons)
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