Price for Sodium Sulphates; Other than Disodium Sulphate in South Korea - 2022
Contents:
- Price for Sodium Sulphates; Other than Disodium Sulphate in South Korea (CIF) - 2022
- Price for Sodium Sulphates; Other than Disodium Sulphate in South Korea (FOB) - 2022
- Imports of Sodium Sulphates; Other than Disodium Sulphate in South Korea
- Exports of Sodium Sulphates; Other than Disodium Sulphate in South Korea
Price for Sodium Sulphates; Other than Disodium Sulphate in South Korea (CIF) - 2022
The average import price for sodium sulphates; other than disodium sulphates stood at $868 per ton in 2022, growing by 31% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average import price increased by 77%. Over the period under review, average import prices attained the peak figure at $1,115 per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Canada ($1,112 per ton), while the price for Japan ($692 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) (+68.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Sodium Sulphates; Other than Disodium Sulphate in South Korea (FOB) - 2022
In 2022, the average export price for sodium sulphates; other than disodium sulphates amounted to $749 per ton, rising by 7.1% against the previous year. In general, the export price, however, continues to indicate a pronounced decline. The most prominent rate of growth was recorded in 2014 an increase of 2,806% against the previous year. As a result, the export price reached the peak level of $49,342 per ton. From 2015 to 2022, the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Indonesia ($791 per ton), while the average price for exports to Vietnam totaled $363 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (-15.3%), while the prices for the other major destinations experienced a decline.
Imports of Sodium Sulphates; Other than Disodium Sulphate in South Korea
Imports of sodium sulphates; other than disodium sulphates into South Korea rose markedly to 2.5K tons in 2022, with an increase of 13% compared with the previous year's figure. Overall, total imports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +19.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +72.4% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 44% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.
In value terms, imports of sodium sulphates; other than disodium sulphates surged to $2.2M in 2022. In general, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +10.3% 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 +67.7% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Sodium Sulphates; Other than Disodium Sulphate in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 296 | 359 | 856 | 1,348 | 65.8% |
| United States | 219 | 381 | 165 | 279 | 8.4% |
| Canada | 239 | 92.1 | 73.4 | 277 | 5.0% |
| Japan | 844 | 415 | 373 | 229 | -35.3% |
| Others | 37.3 | 62.8 | 16.4 | 61.3 | 18.0% |
| Total | 1,635 | 1,309 | 1,483 | 2,195 | 10.3% |
Top Suppliers of Sodium Sulphates; Other than Disodium Sulphate to South Korea in 2022:
- China (1562.2 tons)
- United States (341.5 tons)
- Japan (331.6 tons)
- Canada (249.0 tons)
Exports of Sodium Sulphates; Other than Disodium Sulphate in South Korea
After three years of growth, overseas shipments of sodium sulphates; other than disodium sulphates decreased by -20.7% to 93 tons in 2022. In general, exports, however, showed significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 214%. As a result, the exports reached the peak of 117 tons, and then dropped sharply in the following year.
In value terms, exports of sodium sulphates; other than disodium sulphates fell notably to $70K in 2022. Over the period under review, exports, however, continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 173%. As a result, the exports reached the peak of $82K, and then dropped dramatically in the following year.
| Export of Sodium Sulphates; Other than Disodium Sulphate in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 35.9 | 17.0 | 55.6 | 66.4 | 22.8% |
| Vietnam | 1.1 | 1.9 | 1.9 | 3.3 | 44.2% |
| China | 0.5 | 10.1 | 23.9 | N/A | 591.4% |
| Others | 5.5 | 1.1 | 0.8 | 0.1 | -73.7% |
| Total | 43.1 | 30.1 | 82.2 | 69.8 | 17.4% |
Top Export Markets for Sodium Sulphates; Other than Disodium Sulphate from South Korea in 2022:
- Indonesia (83.9 tons)
- Vietnam (9.2 tons)
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