Price for Phenols or phenol-alcohols; halogenated, sulphonated, nitrated or nitrosated derivatives thereof in South Korea - 2022
Contents:
- Price for Phenols or Phenol-Alcohols; Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives Thereof in South Korea (CIF) - 2022
- Price for Phenols or Phenol-Alcohols; Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives Thereof in South Korea (FOB) - 2022
- Imports of Phenols or Phenol-Alcohols; Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives Thereof in South Korea
- Exports of Phenols or Phenol-Alcohols; Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives Thereof in South Korea
Price for Phenols or Phenol-Alcohols; Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives Thereof in South Korea (CIF) - 2022
The average import price for phenols or phenol-alcohols; halogenated, sulphonated, nitrated or nitrosated derivatives thereoves stood at $6,666 per ton in December 2022, falling by -4.1% against the previous month. Over the period from December 2021 to December 2022, it increased at an average monthly rate of +2.3%. The most prominent rate of growth was recorded in November 2022 an increase of 19% against the previous month. As a result, import price reached the peak level of $6,948 per ton, and then shrank in the following month.
Average prices varied somewhat amongst the major supplying countries. In December 2022, the country with the highest price was the United States ($6,376 per ton), while the price for Japan ($4,686 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 the United States (+3.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Phenols or Phenol-Alcohols; Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives Thereof in South Korea (FOB) - 2022
The average export price for phenols or phenol-alcohols; halogenated, sulphonated, nitrated or nitrosated derivatives thereoves stood at $5,307 per ton in 2022, increasing by 13% against the previous year. Overall, export price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for phenols or phenol-alcohols; halogenated, sulphonated, nitrated or nitrosated derivatives thereoves increased by +70.0% against 2017 indices. The most prominent rate of growth was recorded in 2021 an increase of 38%. The export price peaked in 2022 and is expected to retain growth in the near future.
Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were India ($6,265 per ton) and Vietnam ($5,918 per ton), while the average price for exports to Japan ($4,767 per ton) and China ($5,133 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (+29.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Phenols or Phenol-Alcohols; Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives Thereof in South Korea
For the third consecutive year, South Korea recorded decline in overseas purchases of phenols or phenol-alcohols; halogenated, sulphonated, nitrated or nitrosated derivatives thereoves, which decreased by -7.8% to 25K tons in 2022. Overall, imports faced a abrupt decline.
In value terms, imports of phenols or phenol-alcohols; halogenated, sulphonated, nitrated or nitrosated derivatives thereoves skyrocketed to $141M in 2022. The total import value increased at an average annual rate of +1.3% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Phenols or Phenol-Alcohols; Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives Thereof in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Jordan | 66.5 | 46.7 | 41.1 | 76.0 | 4.6% |
| United States | 38.6 | 42.5 | 34.0 | 31.1 | -6.9% |
| Israel | 11.0 | 8.4 | 9.8 | 14.7 | 10.1% |
| Japan | 10.8 | 11.4 | 13.8 | 11.1 | 0.9% |
| China | 6.8 | 5.0 | 6.3 | 5.8 | -5.2% |
| Others | 1.5 | 1.2 | 2.0 | 2.0 | 10.1% |
| Total | 135 | 115 | 107 | 141 | 1.5% |
Top Suppliers of Phenols or Phenol-Alcohols; Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives Thereof to South Korea in 2022:
- Jordan (14.0K tons)
- United States (5.9K tons)
- Israel (2.6K tons)
- Japan (1.7K tons)
- China (0.4K tons)
Exports of Phenols or Phenol-Alcohols; Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives Thereof in South Korea
Exports of phenols or phenol-alcohols; halogenated, sulphonated, nitrated or nitrosated derivatives thereoves from South Korea skyrocketed to 6.2K tons in 2022, picking up by 262% against 2021. In general, exports continue to indicate a prominent increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of phenols or phenol-alcohols; halogenated, sulphonated, nitrated or nitrosated derivatives thereoves soared to $33M in 2022. Over the period under review, exports saw significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Phenols or Phenol-Alcohols; Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives Thereof in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 15.7 | 15.5 | 4.8 | 24.6 | 16.1% |
| Vietnam | 0.2 | 0.3 | 1.0 | 4.8 | 188.4% |
| India | N/A | N/A | 0.3 | 1.2 | 300.0% |
| Taiwan (Chinese) | N/A | 1.4 | N/A | 1.1 | -11.4% |
| Hong Kong SAR | 1.1 | 1.9 | 1.0 | 0.9 | -6.5% |
| Others | N/A | 0.8 | 0.9 | 0.2 | -50.0% |
| Total | 16.9 | 19.9 | 8.0 | 32.8 | 24.7% |
Top Export Markets for Phenols or Phenol-Alcohols; Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives Thereof from South Korea in 2022:
- China (4.8K tons)
- Vietnam (0.8K tons)
- Taiwan (Chinese) (0.2K tons)
- India (0.2K tons)
- Hong Kong SAR (0.2K tons)
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