Price for Lustres; Liquid Lustres and Similar Preparations in South Korea - 2022
Contents:
- Price for Lustres; Liquid Lustres and Similar Preparations in South Korea (FOB) - 2022
- Price for Lustres; Liquid Lustres and Similar Preparations in South Korea (CIF) - 2022
- Exports of Lustres; Liquid Lustres and Similar Preparations in South Korea
- Imports of Lustres; Liquid Lustres and Similar Preparations in South Korea
Price for Lustres; Liquid Lustres and Similar Preparations in South Korea (FOB) - 2022
In December 2022, the average export price for lustres; liquid lustres and similar preparationses amounted to $110K per ton, falling by -27.9% against the previous month. Over the period under review, the export price continues to indicate a noticeable contraction. The most prominent rate of growth was recorded in October 2022 when the average export price increased by 40% against the previous month. Over the period under review, the average export prices hit record highs at $197K per ton in June 2022; however, from July 2022 to December 2022, the export prices remained at a lower figure.
Average prices varied noticeably for the major external markets. In December 2022, the country with the highest price was China ($109K per ton), while the average price for exports to the Philippines amounted to $101K per ton.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines (-0.7%).
Price for Lustres; Liquid Lustres and Similar Preparations in South Korea (CIF) - 2022
The average import price for lustres; liquid lustres and similar preparationses stood at $302,071 per ton in 2022, jumping by 33% against the previous year. Overall, the import price, however, continues to indicate a mild slump. The most prominent rate of growth was recorded in 2013 when the average import price increased by 62%. As a result, import price attained the peak level of $594,431 per ton. From 2014 to 2022, the average import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($1,375,533 per ton), while the price for China ($40,893 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) (+9.5%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Lustres; Liquid Lustres and Similar Preparations in South Korea
In 2022, shipments abroad of lustres; liquid lustres and similar preparationses decreased by -37.6% to 2.7K tons for the first time since 2018, thus ending a three-year rising trend. In general, total exports indicated a perceptible increase from 2019 to 2022: its volume increased at an average annual rate of +2.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when exports increased by 38% against the previous year. As a result, the exports attained the peak of 4.3K tons, and then shrank markedly in the following year.
In value terms, exports of lustres; liquid lustres and similar preparationses reduced rapidly to $402M in 2022. Overall, exports, however, recorded prominent growth. The growth pace was the most rapid in 2020 when exports increased by 83% against the previous year.
| Export of Lustres; Liquid Lustres and Similar Preparations in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 184 | 381 | 627 | 269 | 13.5% |
| Philippines | 101 | 144 | 274 | 115 | 4.4% |
| Others | 9.6 | 13.7 | 23.5 | 17.9 | 23.1% |
| Total | 294 | 539 | 924 | 402 | 11.0% |
Top Export Markets for Lustres; Liquid Lustres and Similar Preparations from South Korea in 2022:
- China (1841.3 tons)
- Philippines (814.1 tons)
Imports of Lustres; Liquid Lustres and Similar Preparations in South Korea
For the third year in a row, South Korea recorded decline in supplies from abroad of lustres; liquid lustres and similar preparationses, which decreased by -46.8% to 318 tons in 2022. Overall, imports faced a dramatic downturn. The smallest decline of -9.4% was in 2020.
In value terms, imports of lustres; liquid lustres and similar preparationses contracted sharply to $96M in 2022. In general, imports saw a deep slump. The most prominent rate of growth was recorded in 2021 with an increase of 4.6%. As a result, imports attained the peak of $136M, and then shrank sharply in the following year.
| Import of Lustres; Liquid Lustres and Similar Preparations in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 39.8 | 44.0 | 47.8 | 37.5 | -2.0% |
| Japan | 46.3 | 40.7 | 47.2 | 27.7 | -15.7% |
| Taiwan (Chinese) | 1.8 | 4.4 | 7.9 | 8.5 | 67.8% |
| China | 28.4 | 24.6 | 14.7 | 5.8 | -41.1% |
| Netherlands | 3.5 | 4.0 | 5.2 | 4.8 | 11.1% |
| United States | 1.8 | 4.1 | 3.4 | 2.8 | 15.9% |
| Others | 8.9 | 8.6 | 10.2 | 9.0 | 0.4% |
| Total | 130 | 130 | 136 | 96.1 | -9.6% |
Top Suppliers of Lustres; Liquid Lustres and Similar Preparations to South Korea in 2022:
- China (143.0 tons)
- Japan (81.5 tons)
- Singapore (50.2 tons)
- Taiwan (Chinese) (14.9 tons)
- United States (13.1 tons)
- Netherlands (6.9 tons)
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