Price for Dyes; Pigments and Preparations Based Thereon in South Korea - 2022
Contents:
- Price for Dyes; Pigments and Preparations Based Thereon in South Korea (CIF) - 2022
- Price for Dyes; Pigments and Preparations Based Thereon in South Korea (FOB) - 2022
- Imports of Dyes; Pigments and Preparations Based Thereon in South Korea
- Exports of Dyes; Pigments and Preparations Based Thereon in South Korea
Price for Dyes; Pigments and Preparations Based Thereon in South Korea (CIF) - 2022
In December 2022, the average import price for dyes; pigments and preparations based therea amounted to $19,677 per ton, picking up by 28% against the previous month. In general, the import price, however, saw a slight shrinkage. Over the period under review, average import prices reached the maximum at $25,742 per ton in April 2022; however, from May 2022 to December 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Japan ($51,113 per ton), while the price for Indonesia ($5,178 per ton) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by India (+1.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Dyes; Pigments and Preparations Based Thereon in South Korea (FOB) - 2022
In 2022, the average export price for dyes; pigments and preparations based therea amounted to $10,623 per ton, increasing by 16% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.4%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
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 China ($23,468 per ton), while the average price for exports to Vietnam ($5,064 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 Japan (+13.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Dyes; Pigments and Preparations Based Thereon in South Korea
In 2022, imports of dyes; pigments and preparations based therea into South Korea fell markedly to 12K tons, declining by -18.6% compared with the previous year. In general, imports recorded a pronounced decline. The most prominent rate of growth was recorded in 2021 with an increase of 16% against the previous year. As a result, imports reached the peak of 15K tons, and then dropped markedly in the following year.
In value terms, imports of dyes; pigments and preparations based therea contracted significantly to $238M in 2022. Overall, imports continue to indicate a deep downturn. The pace of growth appeared the most rapid in 2021 when imports increased by 11% against the previous year. As a result, imports attained the peak of $331M, and then dropped remarkably in the following year.
| Import of Dyes; Pigments and Preparations Based Thereon in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 194 | 187 | 199 | 121 | -14.6% |
| China | 50.4 | 49.9 | 61.9 | 48.2 | -1.5% |
| India | 28.3 | 27.4 | 35.8 | 34.6 | 6.9% |
| Germany | 15.6 | 13.1 | 16.4 | 15.4 | -0.4% |
| Indonesia | 0.2 | 0.5 | 2.0 | 2.2 | 122.4% |
| Others | 22.9 | 19.8 | 16.6 | 16.4 | -10.5% |
| Total | 312 | 298 | 331 | 238 | -8.6% |
Top Suppliers of Dyes; Pigments and Preparations Based Thereon to South Korea in 2022:
- India (4.5K tons)
- China (4.3K tons)
- Japan (2.1K tons)
- Indonesia (0.4K tons)
- Germany (0.4K tons)
Exports of Dyes; Pigments and Preparations Based Thereon in South Korea
In 2022, the amount of dyes; pigments and preparations based therea exported from South Korea fell to 18K tons, reducing by -14% against 2021. Overall, exports continue to indicate a mild contraction. The growth pace was the most rapid in 2021 with an increase of 15%. As a result, the exports reached the peak of 21K tons, and then dropped in the following year.
In value terms, exports of dyes; pigments and preparations based therea declined slightly to $194M in 2022. The total export value increased at an average annual rate of +5.5% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2021 when exports increased by 26% against the previous year. As a result, the exports reached the peak of $195M, leveling off in the following year.
| Export of Dyes; Pigments and Preparations Based Thereon in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 20.9 | 21.9 | 34.2 | 41.9 | 26.1% |
| United States | 33.1 | 27.6 | 35.9 | 36.1 | 2.9% |
| Germany | 28.1 | 28.7 | 36.2 | 31.5 | 3.9% |
| Vietnam | 23.4 | 19.7 | 22.9 | 22.0 | -2.0% |
| Japan | 7.3 | 8.5 | 11.7 | 14.7 | 26.3% |
| Indonesia | 9.4 | 6.6 | 10.0 | 8.3 | -4.1% |
| Belgium | 3.4 | 3.7 | 4.4 | 6.1 | 21.5% |
| India | 4.3 | 3.8 | 6.0 | 4.6 | 2.3% |
| Mexico | 2.6 | 4.4 | 4.3 | 3.5 | 10.4% |
| Denmark | 3.1 | 3.1 | 2.5 | N/A | -10.2% |
| Others | 29.6 | 26.8 | 26.6 | 25.1 | -5.3% |
| Total | 165 | 155 | 195 | 194 | 5.5% |
Top Export Markets for Dyes; Pigments and Preparations Based Thereon from South Korea in 2022:
- Vietnam (4.3K tons)
- United States (3.4K tons)
- Germany (3.0K tons)
- China (1.8K tons)
- Indonesia (0.8K tons)
- Japan (0.7K tons)
- Belgium (0.7K tons)
- Mexico (0.3K tons)
- India (0.3K tons)
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