Carbonates; Potassium Carbonate Price in South Korea - 2022
Contents:
- Carbonates; Potassium Carbonate Price in South Korea (FOB) - 2022
- Carbonates; Potassium Carbonate Price in South Korea (CIF) - 2022
- Carbonates; Potassium Carbonate Exports in South Korea
- Carbonates; Potassium Carbonate Imports in South Korea
Carbonates; Potassium Carbonate Price in South Korea (FOB) - 2022
In December 2022, the average carbonates; potassium carbonate export price amounted to $1,512 per ton, increasing by 1.9% against the previous month. In general, export price indicated a remarkable increase from December 2021 to December 2022: its price increased at an average monthly rate of +5.5% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2022 figures, carbonates; potassium carbonate export price increased by +3.0% against October 2022 indices. The most prominent rate of growth was recorded in July 2022 an increase of 18% against the previous month. The export price peaked at $1,572 per ton in August 2022; however, from September 2022 to December 2022, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Germany ($2,008 per ton), while the average price for exports to China ($943 per ton) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+16.6%), while the prices for the other major destinations experienced more modest paces of growth.
Carbonates; Potassium Carbonate Price in South Korea (CIF) - 2022
In 2022, the average carbonates; potassium carbonate import price amounted to $940 per ton, which is down by -1.9% against the previous year. Over the period under review, the import price showed a mild decrease. The growth pace was the most rapid in 2014 an increase of 18%. As a result, import price reached the peak level of $1,398 per ton. From 2015 to 2022, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($2,500 per ton), while the price for Taiwan (Chinese) ($824 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+1.2%), while the prices for the other major suppliers experienced a decline.
Carbonates; Potassium Carbonate Exports in South Korea
After three years of growth, overseas shipments of carbonates; potassium carbonates decreased by -5.2% to 119K tons in 2022. The total export volume increased at an average annual rate of +4.5% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 12% against the previous year. As a result, the exports reached the peak of 126K tons, and then shrank in the following year.
In value terms, carbonates; potassium carbonate exports shrank modestly to $86M in 2022. The total export value increased at an average annual rate of +1.9% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The growth pace was the most rapid in 2021 when exports increased by 5%. As a result, the exports attained the peak of $88M, and then declined modestly in the following year.
| Export of Carbonates; Potassium Carbonate in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 9.6 | 11.8 | 16.2 | 14.5 | 14.7% |
| United States | 9.5 | 10.2 | 6.0 | 7.6 | -7.2% |
| Turkey | 4.7 | 6.2 | 6.6 | 5.9 | 7.9% |
| Malaysia | 5.3 | 5.0 | 5.6 | 5.0 | -1.9% |
| Spain | 7.1 | 5.6 | 4.1 | 5.0 | -11.0% |
| Indonesia | 4.2 | 4.9 | 5.5 | 4.9 | 5.3% |
| Vietnam | 1.6 | 2.5 | 5.4 | 4.9 | 45.2% |
| Australia | 3.5 | 4.2 | 4.3 | 3.9 | 3.7% |
| Japan | 4.3 | 4.0 | 3.9 | 3.6 | -5.8% |
| Germany | 3.4 | 3.9 | 2.4 | 2.9 | -5.2% |
| Italy | 3.1 | 1.9 | 2.8 | 2.5 | -6.9% |
| Brazil | 2.8 | 2.4 | 1.8 | 2.1 | -9.1% |
| Netherlands | 0.8 | 0.6 | 1.8 | 1.6 | 26.0% |
| Others | 21.6 | 21.1 | 21.9 | 22.1 | 0.8% |
| Total | 81.5 | 84.1 | 88.3 | 86.2 | 1.9% |
Top Export Markets for Carbonates; Potassium Carbonate from South Korea in 2022:
- India (18.9K tons)
- United States (10.6K tons)
- Turkey (9.6K tons)
- Spain (7.2K tons)
- Malaysia (6.6K tons)
- Indonesia (6.4K tons)
- Vietnam (6.2K tons)
- Australia (5.0K tons)
- Japan (4.3K tons)
- Germany (4.1K tons)
- Italy (3.8K tons)
- Brazil (3.0K tons)
- Netherlands (3.0K tons)
Carbonates; Potassium Carbonate Imports in South Korea
Carbonates; potassium carbonate imports into South Korea was estimated at 2.9K tons in 2022, increasing by 1.7% compared with 2021. The total import volume increased at an average annual rate of +1.5% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2020 when imports increased by 5.3%. As a result, imports reached the peak of 3K tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, carbonates; potassium carbonate imports dropped to $2.8M in 2022. The total import value increased at an average annual rate of +2.4% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 when imports increased by 7% against the previous year.
| Import of Carbonates; Potassium Carbonate in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1,140 | 1,236 | 1,166 | 1,140 | 0.0% |
| Taiwan (Chinese) | 998 | 736 | 779 | 809 | -6.8% |
| Thailand | 51.4 | 338 | 413 | 404 | 98.8% |
| China | 203 | 228 | 222 | 218 | 2.4% |
| Others | 177 | 210 | 182 | 185 | 1.5% |
| Total | 2,569 | 2,748 | 2,762 | 2,755 | 2.4% |
Top Suppliers of Carbonates; Potassium Carbonate to South Korea in 2022:
- United States (1228.9 tons)
- Taiwan (Chinese) (981.8 tons)
- Thailand (450.4 tons)
- China (198.7 tons)
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