Price for Cyclic Hydrocarbons; Mixed Xylene Isomers in South Korea - 2022
Contents:
- Price for Cyclic Hydrocarbons; Mixed Xylene Isomers in South Korea (FOB) - 2022
- Price for Cyclic Hydrocarbons; Mixed Xylene Isomers in South Korea (CIF) - 2022
- Exports of Cyclic Hydrocarbons; Mixed Xylene Isomers in South Korea
- Imports of Cyclic Hydrocarbons; Mixed Xylene Isomers in South Korea
Price for Cyclic Hydrocarbons; Mixed Xylene Isomers in South Korea (FOB) - 2022
In 2022, the average export price for cyclic hydrocarbons; mixed xylene isomerses amounted to $1,267 per ton, with an increase of 2.7% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the average export price increased by 45%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in years to come.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($16,200 per ton), while the average price for exports to Pakistan ($1,040 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) (+29.6%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Cyclic Hydrocarbons; Mixed Xylene Isomers in South Korea (CIF) - 2022
The average import price for cyclic hydrocarbons; mixed xylene isomerses stood at $4,983 per ton in 2022, which is down by -7.3% against the previous year. Over the period under review, the import price, however, continues to indicate mild growth. The most prominent rate of growth was recorded in 2018 when the average import price increased by 131% against the previous year. The import price peaked at $6,339 per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Taiwan (Chinese) ($13,333 per ton), while the price for Germany ($2,500 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+23.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Cyclic Hydrocarbons; Mixed Xylene Isomers in South Korea
In 2022, shipments abroad of cyclic hydrocarbons; mixed xylene isomerses decreased by -1.7% to 609 tons, falling for the second year in a row after two years of growth. The total export volume increased at an average annual rate of +7.0% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2020 when exports increased by 27% against the previous year. As a result, the exports reached the peak of 630 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, cyclic hydrocarbons; mixed xylene isomers exports amounted to $771K in 2022. The total export value increased at an average annual rate of +12.2% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when exports increased by 28%. The exports peaked in 2022 and are likely to continue growth in the immediate term.
| Export of Cyclic Hydrocarbons; Mixed Xylene Isomers in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Uzbekistan | N/A | 19.8 | 17.4 | 349 | 319.8% |
| Pakistan | 0.1 | 13.3 | 4.3 | 118 | 956.7% |
| India | N/A | 1.0 | 2.3 | 90.1 | 849.2% |
| China | 8.3 | 12.0 | 10.2 | 75.5 | 108.7% |
| Bangladesh | 0.7 | 2.1 | 1.7 | 54.2 | 326.2% |
| Malaysia | 0.5 | 0.3 | 1.5 | 28.7 | 285.7% |
| Cote d'Ivoire | N/A | N/A | N/A | 17.0 | 0% |
| United Arab Emirates | 535 | 541 | 720 | N/A | 16.0% |
| Others | 1.1 | 7.9 | 6.4 | 39.1 | 228.8% |
| Total | 546 | 598 | 764 | 771 | 12.2% |
Top Export Markets for Cyclic Hydrocarbons; Mixed Xylene Isomers from South Korea in 2022:
- Uzbekistan (328.7 tons)
- Pakistan (113.5 tons)
- India (68.2 tons)
- China (40.2 tons)
- Bangladesh (20.9 tons)
- Malaysia (15.7 tons)
- Cote d'Ivoire (14.0 tons)
Imports of Cyclic Hydrocarbons; Mixed Xylene Isomers in South Korea
In 2022, cyclic hydrocarbons; mixed xylene isomers imports into South Korea totaled 16 tons, rising by 5.9% on 2021 figures. In general, imports, however, showed a abrupt curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 24%.
In value terms, cyclic hydrocarbons; mixed xylene isomers imports fell to $81K in 2022. Overall, imports, however, faced a abrupt decrease. The most prominent rate of growth was recorded in 2021 when imports increased by 4.7%.
| Import of Cyclic Hydrocarbons; Mixed Xylene Isomers in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 33.6 | 14.0 | 20.1 | 36.4 | 2.7% |
| Germany | 15.1 | 33.7 | 25.8 | 23.4 | 15.7% |
| Japan | 5.5 | 9.1 | 9.4 | 7.0 | 8.4% |
| United Kingdom | 0.5 | 0.1 | 1.9 | 3.7 | 94.9% |
| United Arab Emirates | 86.2 | 2.2 | N/A | N/A | -97.4% |
| Netherlands | 2.8 | 7.6 | 0.9 | N/A | -43.3% |
| Others | 5.0 | 11.7 | 24.0 | 10.1 | 26.4% |
| Total | 149 | 78.4 | 82.1 | 80.6 | -18.5% |
Top Suppliers of Cyclic Hydrocarbons; Mixed Xylene Isomers to South Korea in 2022:
- Germany (9.4 tons)
- United States (5.0 tons)
- Japan (1.1 tons)
- United Kingdom (0.4 tons)
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