Price for Ketones; aromatic, (without other oxygen function), excluding phenylacetone (phenylpropan-2-one) in South Korea - 2022
Contents:
- Price for Ketones; Aromatic, (Without Other Oxygen Function), Excluding Phenylacetone (Phenylpropan-2-One) in South Korea (CIF) - 2022
- Price for Ketones; Aromatic, (Without Other Oxygen Function), Excluding Phenylacetone (Phenylpropan-2-One) in South Korea (FOB) - 2022
- Imports of Ketones; Aromatic, (Without Other Oxygen Function), Excluding Phenylacetone (Phenylpropan-2-One) in South Korea
- Exports of Ketones; Aromatic, (Without Other Oxygen Function), Excluding Phenylacetone (Phenylpropan-2-One) in South Korea
Price for Ketones; Aromatic, (Without Other Oxygen Function), Excluding Phenylacetone (Phenylpropan-2-One) in South Korea (CIF) - 2022
In December 2022, the average import price for ketones; aromatic, (without other oxygen function), excluding phenylacetone (phenylpropan-2-one)s amounted to $8,235 per ton, which is down by -8% against the previous month. Over the period under review, the import price saw a slight curtailment. The growth pace was the most rapid in August 2022 when the average import price increased by 60% month-to-month. As a result, import price reached the peak level of $12,061 per ton. From September 2022 to December 2022, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In December 2022, the country with the highest price was India ($72,475 per ton), while the price for China ($6,082 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 (+15.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Ketones; Aromatic, (Without Other Oxygen Function), Excluding Phenylacetone (Phenylpropan-2-One) in South Korea (FOB) - 2022
In 2022, the average export price for ketones; aromatic, (without other oxygen function), excluding phenylacetone (phenylpropan-2-one)s amounted to $21,598 per ton, increasing by 192% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. Over the period under review, the average export prices hit record highs at $23,243 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($26,209 per ton), while the average price for exports to China ($6,770 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 Vietnam (+8.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Ketones; Aromatic, (Without Other Oxygen Function), Excluding Phenylacetone (Phenylpropan-2-One) in South Korea
Imports of ketones; aromatic, (without other oxygen function), excluding phenylacetone (phenylpropan-2-one)s into South Korea shrank to 1.4K tons in 2022, waning by -14.8% on the year before. The total import volume increased at an average annual rate of +1.1% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The growth pace was the most rapid in 2021 with an increase of 24% against the previous year. As a result, imports reached the peak of 1.6K tons, and then declined in the following year.
In value terms, imports of ketones; aromatic, (without other oxygen function), excluding phenylacetone (phenylpropan-2-one)s totaled $12M in 2022. The total import value increased at an average annual rate of +7.8% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 41% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
Import of Ketones; Aromatic, (Without Other Oxygen Function), Excluding Phenylacetone (Phenylpropan-2-One) in South Korea (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 8.1 | 7.0 | 10.4 | 9.8 | 6.6% |
India | 0.5 | 0.6 | 0.6 | 1.5 | 44.2% |
France | 0.5 | 0.3 | 0.8 | 0.1 | -41.5% |
Others | 0.7 | 0.8 | 0.5 | 0.9 | 8.7% |
Total | 9.8 | 8.7 | 12.3 | 12.3 | 7.9% |
Top Suppliers of Ketones; Aromatic, (Without Other Oxygen Function), Excluding Phenylacetone (Phenylpropan-2-One) to South Korea in 2022:
- China (1242.8 tons)
- India (105.5 tons)
- France (16.2 tons)
Exports of Ketones; Aromatic, (Without Other Oxygen Function), Excluding Phenylacetone (Phenylpropan-2-One) in South Korea
In 2022, exports of ketones; aromatic, (without other oxygen function), excluding phenylacetone (phenylpropan-2-one)s from South Korea skyrocketed to 43 tons, picking up by 32% on 2021. In general, exports posted a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 311% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.
In value terms, exports of ketones; aromatic, (without other oxygen function), excluding phenylacetone (phenylpropan-2-one)s surged to $923K in 2022. Over the period under review, exports recorded a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
Export of Ketones; Aromatic, (Without Other Oxygen Function), Excluding Phenylacetone (Phenylpropan-2-One) in South Korea (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Japan | 37.8 | N/A | N/A | 806 | 177.3% |
Vietnam | 12.3 | 19.8 | 40.9 | 75.8 | 83.3% |
China | 134 | 87.4 | 63.7 | 13.2 | -53.8% |
India | 3.2 | 4.5 | 46.6 | 8.2 | 36.8% |
Iran | N/A | N/A | 72.9 | N/A | 0% |
Others | 25.4 | 16.9 | 15.7 | 20.0 | -7.7% |
Total | 213 | 129 | 240 | 923 | 63.0% |
Top Export Markets for Ketones; Aromatic, (Without Other Oxygen Function), Excluding Phenylacetone (Phenylpropan-2-One) from South Korea in 2022:
- Japan (30.8 tons)
- Vietnam (8.9 tons)
- China (1.9 tons)
- India (0.7 tons)
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