Price for Heterocyclic Compounds; Lactams; Other than 6-Hexanelactam (Epsilon Caprolactam) in South Korea - 2022
Contents:
- Price for Heterocyclic Compounds; Lactams; Other than 6-Hexanelactam (Epsilon Caprolactam) in South Korea (CIF) - 2022
- Price for Heterocyclic Compounds; Lactams; Other than 6-Hexanelactam (Epsilon Caprolactam) in South Korea (FOB) - 2022
- Imports of Heterocyclic Compounds; Lactams; Other than 6-Hexanelactam (Epsilon Caprolactam) in South Korea
- Exports of Heterocyclic Compounds; Lactams; Other than 6-Hexanelactam (Epsilon Caprolactam) in South Korea
Price for Heterocyclic Compounds; Lactams; Other than 6-Hexanelactam (Epsilon Caprolactam) in South Korea (CIF) - 2022
In 2022, the average import price for heterocyclic compounds; lactams; other than 6-hexanelactam (epsilon caprolactam)s amounted to $2,690 per ton, falling by -19.1% against the previous year. In general, the import price continues to indicate a deep reduction. The most prominent rate of growth was recorded in 2014 an increase of 28% against the previous year. The import price peaked at $7,559 per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.
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 Japan ($44,370 per ton), while the price for China ($1,658 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+6.0%), while the prices for the other major suppliers experienced a decline.
Price for Heterocyclic Compounds; Lactams; Other than 6-Hexanelactam (Epsilon Caprolactam) in South Korea (FOB) - 2022
The average export price for heterocyclic compounds; lactams; other than 6-hexanelactam (epsilon caprolactam)s stood at $5,707 per ton in December 2022, rising by 223% against the previous month. Overall, the export price saw a prominent increase. The export price peaked at $8,900 per ton in August 2022; however, from September 2022 to December 2022, the export prices failed to regain momentum.
Average prices varied noticeably for the major external markets. In December 2022, the country with the highest price was China ($2,731 per ton), while the average price for exports to Japan amounted to $2,694 per ton.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+2.9%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Heterocyclic Compounds; Lactams; Other than 6-Hexanelactam (Epsilon Caprolactam) in South Korea
In 2022, imports of heterocyclic compounds; lactams; other than 6-hexanelactam (epsilon caprolactam)s into South Korea surged to 86K tons, rising by 46% compared with 2021. In general, imports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 100%. Imports peaked in 2022 and are expected to retain growth in the near future.
In value terms, imports of heterocyclic compounds; lactams; other than 6-hexanelactam (epsilon caprolactam)s soared to $231M in 2022. Over the period under review, imports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 45%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Heterocyclic Compounds; Lactams; Other than 6-Hexanelactam (Epsilon Caprolactam) in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 50.1 | 57.1 | 99.9 | 125 | 35.6% |
| Japan | 31.3 | 38.0 | 41.1 | 46.1 | 13.8% |
| United States | 12.4 | 10.7 | 21.1 | 25.9 | 27.8% |
| Others | 31.8 | 29.1 | 34.1 | 34.5 | 2.8% |
| Total | 126 | 135 | 196 | 231 | 22.4% |
Top Suppliers of Heterocyclic Compounds; Lactams; Other than 6-Hexanelactam (Epsilon Caprolactam) to South Korea in 2022:
- China (75.3K tons)
- United States (9.1K tons)
- Japan (1.0K tons)
Exports of Heterocyclic Compounds; Lactams; Other than 6-Hexanelactam (Epsilon Caprolactam) in South Korea
In 2022, overseas shipments of heterocyclic compounds; lactams; other than 6-hexanelactam (epsilon caprolactam)s decreased by -12.5% to 8.6K tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, total exports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +14.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +49.0% against 2019 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 66% against the previous year. As a result, the exports attained the peak of 9.8K tons, and then shrank in the following year.
In value terms, exports of heterocyclic compounds; lactams; other than 6-hexanelactam (epsilon caprolactam)s stood at $29M in 2022. Overall, total exports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +21.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +79.0% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 40% against the previous year. The exports peaked in 2022 and are likely to continue growth in the near future.
| Export of Heterocyclic Compounds; Lactams; Other than 6-Hexanelactam (Epsilon Caprolactam) in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 7.0 | 7.9 | 15.0 | 12.6 | 21.6% |
| Japan | 5.5 | 7.4 | 6.3 | 6.4 | 5.2% |
| India | N/A | 0.5 | 3.0 | 2.4 | 119.1% |
| United States | 0.6 | N/A | 0.6 | 2.3 | 56.5% |
| Slovenia | 1.2 | 0.1 | N/A | 1.2 | 0.0% |
| Others | 1.6 | 3.4 | 2.2 | 3.6 | 31.0% |
| Total | 15.9 | 19.3 | 27.0 | 28.5 | 21.5% |
Top Export Markets for Heterocyclic Compounds; Lactams; Other than 6-Hexanelactam (Epsilon Caprolactam) from South Korea in 2022:
- China (5.1K tons)
- Japan (2.2K tons)
- India (0.5K tons)
- Slovenia (0.4K tons)
- United States (0.2K tons)
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