Price for Alcohols; Acyclic, Unsaturated Monohydric, N.E.S in Item No. 2905.2 in South Korea - 2022
Contents:
- Price for Alcohols; Acyclic, Unsaturated Monohydric, N.E.S in Item No. 2905.2 in South Korea (CIF) - 2022
- Price for Alcohols; Acyclic, Unsaturated Monohydric, N.E.S in Item No. 2905.2 in South Korea (FOB) - 2022
- Imports of Alcohols; Acyclic, Unsaturated Monohydric, N.E.S in Item No. 2905.2 in South Korea
- Exports of Alcohols; Acyclic, Unsaturated Monohydric, N.E.S in Item No. 2905.2 in South Korea
Price for Alcohols; Acyclic, Unsaturated Monohydric, N.E.S in Item No. 2905.2 in South Korea (CIF) - 2022
The average import price for alcohols; acyclic, unsaturated monohydric, n.e.s in item no. 2905.2 stood at $4,866 per ton in 2022, jumping by 45% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The import price peaked at $6,040 per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($7,027 per ton), while the price for Japan ($2,599 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+4.5%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Alcohols; Acyclic, Unsaturated Monohydric, N.E.S in Item No. 2905.2 in South Korea (FOB) - 2022
The average export price for alcohols; acyclic, unsaturated monohydric, n.e.s in item no. 2905.2 stood at $4,379 per ton in 2022, increasing by 4.4% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 an increase of 128% against the previous year. The export price peaked at $9,452 per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($37,911 per ton), while the average price for exports to Spain ($1,173 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 Nicaragua (+3.5%), while the prices for the other major destinations experienced a decline.
Imports of Alcohols; Acyclic, Unsaturated Monohydric, N.E.S in Item No. 2905.2 in South Korea
In 2022, purchases abroad of alcohols; acyclic, unsaturated monohydric, n.e.s in item no. 2905.2 decreased by -11.9% to 7.3K tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, total imports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +13.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +46.5% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 41% against the previous year. As a result, imports attained the peak of 8.3K tons, and then shrank in the following year.
In value terms, imports of alcohols; acyclic, unsaturated monohydric, n.e.s in item no. 2905.2 soared to $36M in 2022. Overall, total imports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +20.8% 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 +78.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 40% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in years to come.
| Import of Alcohols; Acyclic, Unsaturated Monohydric, N.E.S in Item No. 2905.2 in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 16.7 | 16.9 | 22.6 | 20.4 | 6.9% |
| Japan | 2.0 | 2.0 | 2.2 | 2.0 | 0.0% |
| Germany | 0.9 | 0.6 | 0.8 | 0.7 | -8.0% |
| Others | 0.6 | 0.5 | 2.2 | 12.4 | 174.4% |
| Total | 20.2 | 20.0 | 27.8 | 35.6 | 20.8% |
Top Suppliers of Alcohols; Acyclic, Unsaturated Monohydric, N.E.S in Item No. 2905.2 to South Korea in 2022:
- China (6.3K tons)
- Japan (0.8K tons)
- Germany (0.1K tons)
Exports of Alcohols; Acyclic, Unsaturated Monohydric, N.E.S in Item No. 2905.2 in South Korea
In 2022, exports of alcohols; acyclic, unsaturated monohydric, n.e.s in item no. 2905.2 from South Korea surged to 53 tons, rising by 1,625% on the previous year. Overall, exports saw a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of alcohols; acyclic, unsaturated monohydric, n.e.s in item no. 2905.2 soared to $234K in 2022. Over the period under review, exports recorded significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Alcohols; Acyclic, Unsaturated Monohydric, N.E.S in Item No. 2905.2 in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 8.0 | 31.5 | 7.8 | 25.7 | 47.6% |
| China | 0.1 | 0.5 | 0.2 | 6.9 | 310.2% |
| Malaysia | 7.9 | 19.1 | 1.8 | 6.0 | -8.8% |
| Spain | 8.7 | 19.8 | 1.8 | 5.4 | -14.7% |
| India | 0.3 | 6.6 | 0.6 | 2.1 | 91.3% |
| Others | 7.3 | 7.8 | 0.7 | 188 | 195.3% |
| Total | 32.2 | 85.3 | 13.0 | 234 | 93.7% |
Top Export Markets for Alcohols; Acyclic, Unsaturated Monohydric, N.E.S in Item No. 2905.2 from South Korea in 2022:
- Spain (4.6 tons)
- Malaysia (4.3 tons)
- China (1.5 tons)
- United States (0.7 tons)
- India (0.3 tons)
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