Price for Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in South Korea - 2022
Contents:
- Price for Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in South Korea (FOB) - 2022
- Price for Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in South Korea (CIF) - 2022
- Exports of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in South Korea
- Imports of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in South Korea
Price for Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in South Korea (FOB) - 2022
The average export price for adhesives; prepared, based on rubber or plastics (including artificial resins) stood at $11,900 per ton in 2022, dropping by -7.3% against the previous year. In general, export price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 when the average export price increased by 26%. Over the period under review, the average export prices reached the peak figure at $12,839 per ton in 2021, and then dropped in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($103,384 per ton), while the average price for exports to Australia ($2,095 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 Taiwan (Chinese) (+14.0%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in South Korea (CIF) - 2022
The average import price for adhesives; prepared, based on rubber or plastics (including artificial resins) stood at $6,860 per ton in December 2022, reducing by -2.6% against the previous month. Over the period under review, the import price recorded a slight reduction. The pace of growth was the most pronounced in February 2022 when the average import price increased by 21% against the previous month. Over the period under review, average import prices reached the maximum at $8,156 per ton in December 2021; however, from January 2022 to December 2022, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In December 2022, the country with the highest price was the United States ($24,420 per ton), while the price for Vietnam ($1,947 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 (+5.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in South Korea
In 2022, approx. 35K tons of adhesives; prepared, based on rubber or plastics (including artificial resins) were exported from South Korea; reducing by -12.7% compared with the previous year. Overall, exports recorded a slight decrease. The pace of growth appeared the most rapid in 2021 when exports increased by 12% against the previous year. As a result, the exports reached the peak of 40K tons, and then contracted in the following year.
In value terms, exports of adhesives; prepared, based on rubber or plastics (including artificial resins) dropped rapidly to $413M in 2022. The total export value increased at an average annual rate of +4.4% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 25%.
| Export of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 101 | 150 | 190 | 134 | 9.9% |
| Vietnam | 75.8 | 120 | 100 | 96.6 | 8.4% |
| Poland | 28.4 | 32.5 | 35.9 | 30.0 | 1.8% |
| Thailand | 19.5 | 19.8 | 30.2 | 22.4 | 4.7% |
| India | 11.4 | 7.1 | 13.1 | 17.7 | 15.8% |
| Indonesia | 13.0 | 9.3 | 13.6 | 12.6 | -1.0% |
| Hong Kong SAR | 26.2 | 24.9 | 24.7 | 12.6 | -21.7% |
| United States | 10.3 | 10.8 | 12.0 | 11.6 | 4.0% |
| Japan | 8.3 | 9.8 | 11.0 | 10.1 | 6.8% |
| Australia | 2.6 | 2.6 | 2.7 | 2.8 | 2.5% |
| Russia | 1.0 | 0.9 | 3.1 | 2.0 | 26.0% |
| Others | 65.8 | 67.2 | 73.9 | 61.0 | -2.5% |
| Total | 363 | 455 | 511 | 413 | 4.4% |
Top Export Markets for Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) from South Korea in 2022:
- China (10.6K tons)
- Vietnam (7.7K tons)
- Indonesia (2.7K tons)
- Poland (2.5K tons)
- India (2.2K tons)
- Australia (1.3K tons)
- Hong Kong SAR (1.3K tons)
- Japan (1.1K tons)
- United States (0.7K tons)
- Thailand (0.7K tons)
- Russia (0.5K tons)
Imports of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in South Korea
In 2022, purchases abroad of adhesives; prepared, based on rubber or plastics (including artificial resins) decreased by -10.8% to 25K tons for the first time since 2018, thus ending a three-year rising trend. In general, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 7.3% against the previous year.
In value terms, imports of adhesives; prepared, based on rubber or plastics (including artificial resins) declined to $169M in 2022. Overall, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of 3.8% against the previous year.
| Import of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 79.1 | 89.3 | 68.9 | 58.8 | -9.4% |
| China | 34.7 | 34.7 | 43.9 | 43.4 | 7.7% |
| United States | 18.6 | 14.3 | 18.1 | 24.0 | 8.9% |
| Germany | 11.8 | 14.7 | 16.0 | 13.0 | 3.3% |
| Thailand | 5.6 | 6.9 | 8.0 | 6.9 | 7.2% |
| Vietnam | 4.3 | 5.1 | 5.8 | 5.6 | 9.2% |
| Malaysia | 1.6 | 1.5 | 1.7 | 1.6 | 0.0% |
| Others | 16.1 | 11.9 | 18.6 | 16.1 | 0.0% |
| Total | 172 | 178 | 181 | 169 | -0.6% |
Top Suppliers of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) to South Korea in 2022:
- China (9.9K tons)
- Japan (3.9K tons)
- Germany (2.3K tons)
- Vietnam (2.2K tons)
- Thailand (2.2K tons)
- United States (1.4K tons)
- Malaysia (0.6K tons)
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