Price for Ketone-Phenols and Ketones with Other Oxygen Function in South Korea - 2022
Contents:
- Price for Ketone-Phenols and Ketones with Other Oxygen Function in South Korea (CIF) - 2022
- Price for Ketone-Phenols and Ketones with Other Oxygen Function in South Korea (FOB) - 2022
- Imports of Ketone-Phenols and Ketones with Other Oxygen Function in South Korea
- Exports of Ketone-Phenols and Ketones with Other Oxygen Function in South Korea
Price for Ketone-Phenols and Ketones with Other Oxygen Function in South Korea (CIF) - 2022
In 2022, the average import price for ketone-phenols and ketones with other oxygen functia amounted to $16,195 per ton, growing by 14% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.0%. The most prominent rate of growth was recorded in 2018 when the average import price increased by 29% against the previous year. Over the period under review, average import prices attained the peak figure at $16,746 per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Mexico ($22,614 per ton), while the price for Italy ($14,577 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+3.8%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Ketone-Phenols and Ketones with Other Oxygen Function in South Korea (FOB) - 2022
In December 2022, the average export price for ketone-phenols and ketones with other oxygen functia amounted to $17,475 per ton, shrinking by -7.2% against the previous month. In general, the export price continues to indicate a mild slump. The pace of growth was the most pronounced in October 2022 an increase of 68% against the previous month. Over the period under review, the average export prices hit record highs at $24,960 per ton in April 2022; however, from May 2022 to December 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In December 2022, the country with the highest price was China ($21,916 per ton), while the average price for exports to the United States ($14,514 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 (+4.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Ketone-Phenols and Ketones with Other Oxygen Function in South Korea
Imports of ketone-phenols and ketones with other oxygen functia into South Korea fell to 1.3K tons in 2022, declining by -12.9% against the year before. Overall, imports continue to indicate a noticeable slump. The most prominent rate of growth was recorded in 2021 with an increase of 21% against the previous year.
In value terms, imports of ketone-phenols and ketones with other oxygen functia dropped to $20M in 2022. In general, imports saw a deep downturn. The pace of growth was the most pronounced in 2021 when imports increased by 3.5%.
| Import of Ketone-Phenols and Ketones with Other Oxygen Function in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 20.8 | 14.8 | 16.9 | 16.5 | -7.4% |
| Mexico | N/A | N/A | N/A | 1.4 | 0% |
| Germany | 0.9 | 1.2 | 1.8 | 0.7 | -8.0% |
| Italy | 0.4 | 0.8 | 0.6 | 0.6 | 14.5% |
| Others | 2.1 | 3.0 | 1.2 | 1.2 | -17.0% |
| Total | 24.2 | 19.8 | 20.5 | 20.3 | -5.7% |
Top Suppliers of Ketone-Phenols and Ketones with Other Oxygen Function to South Korea in 2022:
- China (1085.6 tons)
- Mexico (63.4 tons)
- Italy (38.9 tons)
- Germany (31.5 tons)
Exports of Ketone-Phenols and Ketones with Other Oxygen Function in South Korea
After three years of growth, overseas shipments of ketone-phenols and ketones with other oxygen functia decreased by -0.8% to 221 tons in 2022. The total export volume increased at an average annual rate of +6.7% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when exports increased by 16% against the previous year.
In value terms, exports of ketone-phenols and ketones with other oxygen functia dropped to $3.5M in 2022. The total export value increased at an average annual rate of +9.1% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 29%.
| Export of Ketone-Phenols and Ketones with Other Oxygen Function in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 548 | 324 | 841 | 816 | 14.2% |
| Vietnam | 353 | 469 | 579 | 684 | 24.7% |
| Japan | 374 | 584 | 477 | 634 | 19.2% |
| China | 179 | 1,182 | 685 | 547 | 45.1% |
| Brazil | 112 | 4.2 | 5.9 | 380 | 50.3% |
| India | 55.5 | 113 | 185 | 137 | 35.1% |
| Indonesia | 732 | 624 | 462 | 91.6 | -50.0% |
| Colombia | N/A | 9.0 | 22.5 | 86.5 | 210.0% |
| Mexico | 46.4 | 114 | 22.9 | 19.3 | -25.4% |
| Belgium | 297 | 41.6 | 193 | N/A | -19.4% |
| Others | 35.5 | 73.3 | 260 | 150 | 61.7% |
| Total | 2,733 | 3,538 | 3,734 | 3,545 | 9.1% |
Top Export Markets for Ketone-Phenols and Ketones with Other Oxygen Function from South Korea in 2022:
- United States (67.1 tons)
- Vietnam (40.5 tons)
- China (39.3 tons)
- Brazil (25.6 tons)
- Japan (17.6 tons)
- India (8.4 tons)
- Colombia (6.8 tons)
- Indonesia (4.8 tons)
- Mexico (1.8 tons)
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