Price for Cellulose Acetates; Plasticised, in Primary Forms in South Korea - 2022

Contents:

1. Price for Cellulose Acetates; Plasticised, in Primary Forms in South Korea (CIF) - 2022
2. Price for Cellulose Acetates; Plasticised, in Primary Forms in South Korea (FOB) - 2022
3. Imports of Cellulose Acetates; Plasticised, in Primary Forms in South Korea
4. Exports of Cellulose Acetates; Plasticised, in Primary Forms in South Korea

Price for Cellulose Acetates; Plasticised, in Primary Forms in South Korea (CIF) - 2022

The average import price for cellulose acetates; plasticised, in primary formses stood at $5,551 per ton in 2022, surging by 11% against the previous year. Over the last decade, it increased at an average annual rate of +2.3%. The pace of growth was the most pronounced in 2020 an increase of 24%. Over the period under review, average import prices reached the peak figure in 2022 and is likely to see steady growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($5,980 per ton), while the price for China ($5,230 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+43.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Cellulose Acetates; Plasticised, in Primary Forms in South Korea (FOB) - 2022

The average export price for cellulose acetates; plasticised, in primary formses stood at $4,700 per ton in 2022, surging by 1.5% against the previous year. Over the period under review, the export price, however, recorded a pronounced contraction. The most prominent rate of growth was recorded in 2016 when the average export price increased by 34%. The export price peaked at $8,525 per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Indonesia ($20,000 per ton), while the average price for exports to Pakistan ($2,395 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 (+47.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Cellulose Acetates; Plasticised, in Primary Forms in South Korea

Imports of cellulose acetates; plasticised, in primary formses into South Korea surged to 267 tons in 2022, increasing by 18% compared with the previous year. The total import volume increased at an average annual rate of +4.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of cellulose acetates; plasticised, in primary formses soared to $1.5M in 2022. Over the period under review, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +16.3% 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 +57.4% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Cellulose Acetates; Plasticised, in Primary Forms to South Korea in 2022:

1. Japan (157.5 tons)
2. United States (101.5 tons)
3. China (8.2 tons)

Exports of Cellulose Acetates; Plasticised, in Primary Forms in South Korea

In 2022, approx. 270 tons of cellulose acetates; plasticised, in primary formses were exported from South Korea; with an increase of 94% compared with 2021 figures. Overall, exports posted a significant increase. The pace of growth was the most pronounced in 2021 when exports increased by 2,630%. The exports peaked in 2022 and are likely to continue growth in the near future.

In value terms, exports of cellulose acetates; plasticised, in primary formses soared to $1.3M in 2022. Over the period under review, exports saw a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 3,009%. Over the period under review, the exports of hit record highs in 2022 and are likely to continue growth in years to come.

Top Export Markets for Cellulose Acetates; Plasticised, in Primary Forms from South Korea in 2022:

1. India (208.8 tons)
2. Pakistan (55.1 tons)
3. Kenya (4.4 tons)

Source: IndexBox Market Intelligence Platform