Price for Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters in South Korea - 2022
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters in South Korea (CIF) - 2022
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters in South Korea (FOB) - 2022
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters in South Korea
- Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters in South Korea
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters in South Korea (CIF) - 2022
In 2022, the average import price for acids; saturated acyclic monocarboxylic acids; butyric, valeric acids; their salts and esterses amounted to $2,869 per ton, with a decrease of -3.8% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.6%. The growth pace was the most rapid in 2021 an increase of 39% against the previous year. As a result, import price attained the peak level of $2,983 per ton, and then contracted in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($3,161 per ton), while the price for Singapore ($1,912 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+3.6%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters in South Korea (FOB) - 2022
The average export price for acids; saturated acyclic monocarboxylic acids; butyric, valeric acids; their salts and esterses stood at $3,045 per ton in 2022, picking up by 2.8% against the previous year. Overall, the export price posted a noticeable expansion. The most prominent rate of growth was recorded in 2019 an increase of 223%. As a result, the export price reached the peak level of $7,050 per ton. From 2020 to 2022, the average export prices remained at a somewhat lower figure.
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 Japan ($50,400 per ton), while the average price for exports to Vietnam ($2,795 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 Japan (+50.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters in South Korea
In 2022, supplies from abroad of acids; saturated acyclic monocarboxylic acids; butyric, valeric acids; their salts and esterses decreased by -17.1% to 3.6K tons, falling for the second consecutive year after two years of growth. Over the period under review, imports showed a deep slump. The growth pace was the most rapid in 2020 with an increase of 2.1%. As a result, imports reached the peak of 4.3K tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; butyric, valeric acids; their salts and esterses fell notably to $10M in 2022. Overall, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 38%. As a result, imports reached the peak of $13M, and then dropped dramatically in the following year.
| Import of Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 4.2 | 3.2 | 8.1 | 4.9 | 5.3% |
| United States | 1.3 | 1.2 | 3.1 | 3.8 | 43.0% |
| Netherlands | 0.8 | 1.0 | 0.7 | 1.1 | 11.2% |
| Singapore | 3.5 | 3.5 | 0.5 | N/A | -62.2% |
| Others | 0.3 | 0.3 | 0.3 | 0.4 | 10.1% |
| Total | 10.2 | 9.3 | 12.8 | 10.2 | 0.0% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters to South Korea in 2022:
- China (1703.1 tons)
- United States (1468.7 tons)
- Netherlands (340.9 tons)
- Singapore (2.0 tons)
Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters in South Korea
After three years of growth, shipments abroad of acids; saturated acyclic monocarboxylic acids; butyric, valeric acids; their salts and esterses decreased by -53.8% to 26 tons in 2022. In general, exports recorded a abrupt shrinkage. The pace of growth was the most pronounced in 2021 when exports increased by 45% against the previous year. As a result, the exports reached the peak of 57 tons, and then reduced sharply in the following year.
In value terms, exports of acids; saturated acyclic monocarboxylic acids; butyric, valeric acids; their salts and esterses fell dramatically to $80K in 2022. Over the period under review, exports continue to indicate a dramatic decrease. The most prominent rate of growth was recorded in 2021 when exports increased by 31%.
| Export of Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 11.3 | 8.7 | 55.1 | 55.5 | 70.0% |
| Russia | N/A | N/A | N/A | 15.5 | 0% |
| India | 3.5 | N/A | 1.2 | 4.0 | 4.6% |
| Japan | 159 | N/A | 0.7 | 0.5 | -85.3% |
| China | 0.1 | 26.4 | 10.2 | 0.4 | 58.7% |
| United States | 27.0 | 57.2 | 20.2 | 0.1 | -84.5% |
| Bangladesh | N/A | N/A | 76.1 | N/A | 0% |
| Others | 16.8 | 36.7 | 4.8 | 4.0 | -38.0% |
| Total | 218 | 129 | 168 | 79.9 | -28.4% |
Top Export Markets for Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters from South Korea in 2022:
- Vietnam (19.8 tons)
- Russia (4.8 tons)
- India (1.2 tons)
- China (0.1 tons)
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