Price for Polyphenols; Hydroquinone (Quinol) and Its Salts in South Korea - 2022
Contents:
- Price for Polyphenols; Hydroquinone (Quinol) and Its Salts in South Korea (CIF) - 2022
- Price for Polyphenols; Hydroquinone (Quinol) and Its Salts in South Korea (FOB) - 2022
- Imports of Polyphenols; Hydroquinone (Quinol) and Its Salts in South Korea
- Exports of Polyphenols; Hydroquinone (Quinol) and Its Salts in South Korea
Price for Polyphenols; Hydroquinone (Quinol) and Its Salts in South Korea (CIF) - 2022
In December 2022, the average import price for polyphenols; hydroquinone (quinol) and its saltses amounted to $7,119 per ton, declining by -8.4% against the previous month. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in February 2022 when the average import price increased by 22% m-o-m. Over the period under review, average import prices attained the peak figure at $8,157 per ton in April 2022; however, from May 2022 to December 2022, import prices stood at a somewhat lower figure.
Average prices varied somewhat amongst the major supplying countries. In December 2022, the country with the highest price was Japan ($9,153 per ton), while the price for the United States ($6,241 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 China (+2.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Polyphenols; Hydroquinone (Quinol) and Its Salts in South Korea (FOB) - 2022
The average export price for polyphenols; hydroquinone (quinol) and its saltses stood at $7,841 per ton in 2022, shrinking by -47.1% against the previous year. Overall, the export price showed a sharp setback. The pace of growth appeared the most rapid in 2018 an increase of 94%. Over the period under review, the average export prices attained the peak figure at $93,975 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 Vietnam ($13,000 per ton), while the average price for exports to Pakistan ($5,915 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 (+1.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Polyphenols; Hydroquinone (Quinol) and Its Salts in South Korea
In 2022, approx. 2.5K tons of polyphenols; hydroquinone (quinol) and its saltses were imported into South Korea; remaining relatively unchanged against the previous year's figure. In general, imports, however, continue to indicate a pronounced shrinkage. The most prominent rate of growth was recorded in 2020 when imports increased by 1.8% against the previous year. As a result, imports attained the peak of 2.7K tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of polyphenols; hydroquinone (quinol) and its saltses skyrocketed to $18M in 2022. The total import value increased at an average annual rate of +5.8% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Polyphenols; Hydroquinone (Quinol) and Its Salts in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 10.9 | 11.5 | 11.9 | 11.2 | 0.9% |
| Japan | 3.5 | 2.8 | 1.4 | 3.3 | -1.9% |
| China | 1.0 | 1.0 | 0.9 | 2.9 | 42.6% |
| France | 0.2 | 0.1 | 0.3 | 0.7 | 51.8% |
| Others | N/A | N/A | N/A | 0.3 | 0% |
| Total | 15.5 | 15.4 | 14.5 | 18.4 | 5.9% |
Top Suppliers of Polyphenols; Hydroquinone (Quinol) and Its Salts to South Korea in 2022:
- United States (1696.9 tons)
- Japan (365.7 tons)
- China (312.3 tons)
- France (80.0 tons)
Exports of Polyphenols; Hydroquinone (Quinol) and Its Salts in South Korea
Exports of polyphenols; hydroquinone (quinol) and its saltses from South Korea soared to 2 tons in 2022, jumping by 32% on the previous year. In general, exports recorded a significant expansion. The growth pace was the most rapid in 2021 with an increase of 545% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are likely to see gradual growth in years to come.
In value terms, exports of polyphenols; hydroquinone (quinol) and its saltses contracted rapidly to $16K in 2022. Over the period under review, exports, however, continue to indicate a dramatic setback. The growth pace was the most rapid in 2021 with an increase of 459% against the previous year.
| Export of Polyphenols; Hydroquinone (Quinol) and Its Salts in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Pakistan | 0.1 | 1.0 | 3.9 | 9.6 | 357.9% |
| Vietnam | N/A | N/A | 5.4 | 4.1 | -24.1% |
| China | 6.7 | 1.3 | 2.3 | 0.8 | -50.8% |
| United States | 34.3 | N/A | 0.5 | 0.6 | -74.0% |
| India | 1.2 | 0.7 | N/A | N/A | -41.7% |
| Sudan | 3.9 | N/A | N/A | N/A | 0% |
| Iran | N/A | N/A | 8.1 | N/A | 0% |
| Others | 3.2 | 1.1 | 2.6 | 0.9 | -34.5% |
| Total | 49.4 | 4.1 | 22.9 | 16.0 | -31.3% |
Top Export Markets for Polyphenols; Hydroquinone (Quinol) and Its Salts from South Korea in 2022:
- Pakistan (1620.0 kg)
- Vietnam (312.0 kg)
- China (75.0 kg)
- United States (5.0 kg)
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