Price for Ammonia; Anhydrous or in Aqueous Solution in South Korea - 2022
Contents:
- Price for Ammonia; Anhydrous or in Aqueous Solution in South Korea (CIF) - 2022
- Price for Ammonia; Anhydrous or in Aqueous Solution in South Korea (FOB) - 2022
- Imports of Ammonia; Anhydrous or in Aqueous Solution in South Korea
- Exports of Ammonia; Anhydrous or in Aqueous Solution in South Korea
Price for Ammonia; Anhydrous or in Aqueous Solution in South Korea (CIF) - 2022
The average import price for ammonia; anhydrous or in aqueous solutia stood at $864 per ton in December 2022, which is down by -6% against the previous month. Over the period from December 2021 to December 2022, it increased at an average monthly rate of +1.1%. The growth pace was the most rapid in January 2022 an increase of 16% month-to-month. Over the period under review, average import prices reached the peak figure at $1,082 per ton in May 2022; however, from June 2022 to December 2022, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In December 2022, the country with the highest price was Indonesia ($869 per ton), while the price for Saudi Arabia amounted to $858 per ton.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+8.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Ammonia; Anhydrous or in Aqueous Solution in South Korea (FOB) - 2022
In December 2022, the average export price for ammonia; anhydrous or in aqueous solutia amounted to $3,489 per ton, shrinking by -3.1% against the previous month. In general, the export price, however, continues to indicate strong growth. The growth pace was the most rapid in November 2022 when the average export price increased by 113% m-o-m. As a result, the export price attained the peak level of $3,600 per ton, and then declined slightly in the following month.
There were significant differences in the average prices for the major external markets. In December 2022, the country with the highest price was the United States ($17,194 per ton), while the average price for exports to Japan ($1,733 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 the United States (+5.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Ammonia; Anhydrous or in Aqueous Solution in South Korea
Imports of ammonia; anhydrous or in aqueous solutia into South Korea dropped to 1.3M tons in 2022, with a decrease of -1.7% compared with the previous year. In general, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 13% against the previous year.
In value terms, imports of ammonia; anhydrous or in aqueous solutia soared to $1.2B in 2022. Over the period under review, imports, however, recorded a significant expansion. The growth pace was the most rapid in 2021 when imports increased by 125% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Ammonia; Anhydrous or in Aqueous Solution in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 135 | 128 | 303 | 522 | 57.0% |
| Saudi Arabia | 121 | 114 | 147 | 520 | 62.6% |
| Australia | 22.9 | 13.0 | 28.2 | 41.5 | 21.9% |
| Egypt | 8.5 | 3.5 | 35.9 | 35.4 | 60.9% |
| Bahrain | N/A | 11.1 | 23.1 | 32.0 | 69.8% |
| Malaysia | 6.5 | 15.7 | 38.8 | 27.7 | 62.1% |
| Oman | 9.5 | 17.5 | 17.3 | 9.3 | -0.7% |
| Trinidad and Tobago | 90.5 | N/A | 90.6 | N/A | 0.1% |
| Others | 4.6 | 27.9 | 63.4 | 30.6 | 88.1% |
| Total | 398 | 332 | 747 | 1,218 | 45.2% |
Top Suppliers of Ammonia; Anhydrous or in Aqueous Solution to South Korea in 2022:
- Saudi Arabia (545.2K tons)
- Indonesia (530.2K tons)
- Australia (75.2K tons)
- Egypt (64.8K tons)
- Bahrain (53.0K tons)
- Malaysia (28.4K tons)
- Oman (22.2K tons)
Exports of Ammonia; Anhydrous or in Aqueous Solution in South Korea
In 2022, the amount of ammonia; anhydrous or in aqueous solutia exported from South Korea skyrocketed to 53K tons, rising by 475% against the previous year's figure. Over the period under review, exports saw significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of ammonia; anhydrous or in aqueous solutia soared to $50M in 2022. Overall, exports recorded significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Ammonia; Anhydrous or in Aqueous Solution in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 5.2 | 5.0 | 3.8 | 37.0 | 92.3% |
| China | 6.0 | 6.9 | 2.6 | 8.7 | 13.2% |
| Others | 4.7 | 4.9 | 1.4 | 4.7 | 0.0% |
| Total | 15.9 | 16.8 | 7.8 | 50.4 | 46.9% |
Top Export Markets for Ammonia; Anhydrous or in Aqueous Solution from South Korea in 2022:
- Japan (49.3K tons)
- China (2.9K tons)
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