Price for Polymers, Natural; Alginic Acid, Its Salts and Esters, in Primary Forms in South Korea - 2022

Contents:

1. Price for Polymers, Natural; Alginic Acid, Its Salts and Esters, in Primary Forms in South Korea (CIF) - 2022
2. Price for Polymers, Natural; Alginic Acid, Its Salts and Esters, in Primary Forms in South Korea (FOB) - 2022
3. Imports of Polymers, Natural; Alginic Acid, Its Salts and Esters, in Primary Forms in South Korea
4. Exports of Polymers, Natural; Alginic Acid, Its Salts and Esters, in Primary Forms in South Korea

Price for Polymers, Natural; Alginic Acid, Its Salts and Esters, in Primary Forms in South Korea (CIF) - 2022

The average import price for polymers, natural; alginic acid, its salts and esters, in primary formses stood at $12,230 per ton in 2022, rising by 42% against the previous year. Over the last decade, it increased at an average annual rate of +5.1%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Norway ($25,805 per ton), while the price for China ($10,598 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+4.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Polymers, Natural; Alginic Acid, Its Salts and Esters, in Primary Forms in South Korea (FOB) - 2022

In 2022, the average export price for polymers, natural; alginic acid, its salts and esters, in primary formses amounted to $8,456 per ton, picking up by 18% against the previous year. Overall, export price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 an increase of 48% against the previous year. The export price peaked at $9,605 per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($13,920 per ton), while the average price for exports to Vietnam ($7,200 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 China (+5.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Polymers, Natural; Alginic Acid, Its Salts and Esters, in Primary Forms in South Korea

In 2022, overseas purchases of polymers, natural; alginic acid, its salts and esters, in primary formses decreased by -19% to 1.8K tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +1.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 28%. As a result, imports attained the peak of 2.3K tons, and then contracted significantly in the following year.

In value terms, imports of polymers, natural; alginic acid, its salts and esters, in primary formses soared to $23M in 2022. Over the period under review, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +14.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +50.3% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 27%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Top Suppliers of Polymers, Natural; Alginic Acid, Its Salts and Esters, in Primary Forms to South Korea in 2022:

1. China (1612.7 tons)
2. Norway (124.6 tons)
3. Chile (57.1 tons)
4. Japan (40.1 tons)

Exports of Polymers, Natural; Alginic Acid, Its Salts and Esters, in Primary Forms in South Korea

In 2022, the amount of polymers, natural; alginic acid, its salts and esters, in primary formses exported from South Korea fell sharply to 37 tons, declining by -51.3% on the year before. Overall, exports continue to indicate a sharp reduction. The smallest decline of -6.4% was in 2020.

In value terms, exports of polymers, natural; alginic acid, its salts and esters, in primary formses fell markedly to $315K in 2022. Over the period under review, exports faced a precipitous contraction. The smallest decline of -9% was in 2020.

Top Export Markets for Polymers, Natural; Alginic Acid, Its Salts and Esters, in Primary Forms from South Korea in 2022:

1. Vietnam (19.0 tons)
2. Indonesia (10.0 tons)
3. Guatemala (5.5 tons)
4. United States (2.6 tons)
5. China (0.1 tons)

Source: IndexBox Market Intelligence Platform