Price for Amine-function compounds; aromatic polyamines and their derivatives, other than item no. 2921.51 in South Korea - 2022

Contents:

1. Price for Amine-Function Compounds; Aromatic Polyamines and Their Derivatives, Other than Item No. 2921.51 in South Korea (CIF) - 2022
2. Price for Amine-Function Compounds; Aromatic Polyamines and Their Derivatives, Other than Item No. 2921.51 in South Korea (FOB) - 2022
3. Imports of Amine-Function Compounds; Aromatic Polyamines and Their Derivatives, Other than Item No. 2921.51 in South Korea
4. Exports of Amine-Function Compounds; Aromatic Polyamines and Their Derivatives, Other than Item No. 2921.51 in South Korea

Price for Amine-Function Compounds; Aromatic Polyamines and Their Derivatives, Other than Item No. 2921.51 in South Korea (CIF) - 2022

In 2022, the average import price for amine-function compounds; aromatic polyamines and their derivatives, other than item no. 2921.51s amounted to $9,403 per ton, increasing by 7.5% against the previous year. Over the period under review, import price indicated strong growth from 2012 to 2022: its price increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for amine-function compounds; aromatic polyamines and their derivatives, other than item no. 2921.51s increased by +95.8% against 2016 indices. The most prominent rate of growth was recorded in 2019 when the average import price increased by 32% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in years to come.

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 China ($14,188 per ton), while the price for the United States ($6,099 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+9.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Amine-Function Compounds; Aromatic Polyamines and Their Derivatives, Other than Item No. 2921.51 in South Korea (FOB) - 2022

In 2022, the average export price for amine-function compounds; aromatic polyamines and their derivatives, other than item no. 2921.51s amounted to $118,060 per ton, picking up by 21% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 an increase of 94%. The export price peaked at $129,209 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($225,702 per ton), while the average price for exports to Vietnam ($13,734 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 the United States (+31.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Amine-Function Compounds; Aromatic Polyamines and Their Derivatives, Other than Item No. 2921.51 in South Korea

In 2022, imports of amine-function compounds; aromatic polyamines and their derivatives, other than item no. 2921.51s into South Korea contracted remarkably to 4.7K tons, dropping by -17% on 2021 figures. Overall, imports showed a abrupt decline. The most prominent rate of growth was recorded in 2021 when imports increased by 2.4%.

In value terms, imports of amine-function compounds; aromatic polyamines and their derivatives, other than item no. 2921.51s declined to $44M in 2022. Over the period under review, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 7.3%. As a result, imports attained the peak of $49M, and then shrank in the following year.

Top Suppliers of Amine-Function Compounds; Aromatic Polyamines and Their Derivatives, Other than Item No. 2921.51 to South Korea in 2022:

1. Japan (1521.6 tons)
2. China (1255.4 tons)
3. India (1234.0 tons)
4. United States (536.6 tons)
5. Switzerland (120.8 tons)

Exports of Amine-Function Compounds; Aromatic Polyamines and Their Derivatives, Other than Item No. 2921.51 in South Korea

For the third consecutive year, South Korea recorded decline in shipments abroad of amine-function compounds; aromatic polyamines and their derivatives, other than item no. 2921.51s, which decreased by -45.9% to 24 tons in 2022. In general, exports faced a precipitous decrease. The smallest decline of -11.7% was in 2021.

In value terms, exports of amine-function compounds; aromatic polyamines and their derivatives, other than item no. 2921.51s contracted sharply to $2.8M in 2022. Overall, exports saw a dramatic decrease. The smallest decline of -11.8% was in 2021.

Top Export Markets for Amine-Function Compounds; Aromatic Polyamines and Their Derivatives, Other than Item No. 2921.51 from South Korea in 2022:

1. Taiwan (Chinese) (6.5 tons)
2. Japan (6.5 tons)
3. China (3.8 tons)
4. United States (2.0 tons)
5. Netherlands (1.5 tons)
6. Hong Kong SAR (1.1 tons)
7. Vietnam (0.7 tons)

Source: IndexBox Market Intelligence Platform