Price for Sulphates; Alums; Peroxosulphates (Persulphates) in South Korea - 2022

Contents:

  1. Price for Sulphates; Alums; Peroxosulphates (Persulphates) in South Korea (FOB) - 2022
  2. Price for Sulphates; Alums; Peroxosulphates (Persulphates) in South Korea (CIF) - 2022
  3. Exports of Sulphates; Alums; Peroxosulphates (Persulphates) in South Korea
  4. Imports of Sulphates; Alums; Peroxosulphates (Persulphates) in South Korea

Price for Sulphates; Alums; Peroxosulphates (Persulphates) in South Korea (FOB) - 2022

In December 2022, the average sulphates; alums; peroxosulphates (persulphates) export price amounted to $3,789 per ton, surging by 2.9% against the previous month. In general, the export price, however, saw a mild slump. The growth pace was the most rapid in March 2022 when the average export price increased by 58% m-o-m. Over the period under review, the average export prices reached the maximum at $6,962 per ton in April 2022; however, from May 2022 to December 2022, the export prices remained at a lower figure.

Average prices varied somewhat for the major overseas markets. In December 2022, the highest price was recorded for prices to the Philippines ($4,962 per ton) and China ($4,210 per ton), while the average price for exports to Vietnam ($3,508 per ton) and Japan ($3,637 per ton) were amongst the lowest.

From December 2021 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines (+2.8%), while the prices for the other major destinations experienced a decline.

Price for Sulphates; Alums; Peroxosulphates (Persulphates) in South Korea (CIF) - 2022

The average sulphates; alums; peroxosulphates (persulphates) import price stood at $613 per ton in December 2022, dropping by -9.1% against the previous month. In general, the import price continues to indicate a perceptible setback. The pace of growth appeared the most rapid in January 2022 an increase of 49% month-to-month. Over the period under review, average import prices attained the peak figure at $1,335 per ton in March 2022; however, from April 2022 to December 2022, import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was the United States ($8,611 per ton), while the price for China ($235 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 Japan (+3.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Exports of Sulphates; Alums; Peroxosulphates (Persulphates) in South Korea

In 2022, exports of sulphates; alums; peroxosulphates (persulphates)s from South Korea shrank markedly to 50K tons, reducing by -22.4% against the previous year. Overall, exports continue to indicate a dramatic slump. The growth pace was the most rapid in 2021 when exports increased by 27%.

In value terms, sulphates; alums; peroxosulphates (persulphates) exports fell to $221M in 2022. Over the period under review, exports, however, recorded a significant expansion. The growth pace was the most rapid in 2021 with an increase of 127%. As a result, the exports attained the peak of $241M, and then declined in the following year.

Export of Sulphates; Alums; Peroxosulphates (Persulphates) in South Korea (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Japan61.079.612215837.3%
China2.617.511040.8150.4%
Philippines2.92.42.015.173.3%
Vietnam3.02.44.45.320.9%
Others2.94.13.02.5-4.8%
Total72.410624122145.1%

Top Export Markets for Sulphates; Alums; Peroxosulphates (Persulphates) from South Korea in 2022:

  1. Japan (35.7K tons)
  2. China (8.4K tons)
  3. Philippines (2.7K tons)
  4. Vietnam (2.1K tons)

Imports of Sulphates; Alums; Peroxosulphates (Persulphates) in South Korea

In 2022, sulphates; alums; peroxosulphates (persulphates) imports into South Korea contracted markedly to 160K tons, waning by -19.9% on 2021 figures. In general, imports continue to indicate a abrupt slump. The pace of growth was the most pronounced in 2021 with an increase of 7.9% against the previous year.

In value terms, sulphates; alums; peroxosulphates (persulphates) imports contracted modestly to $154M in 2022. Over the period under review, imports recorded a perceptible decrease. The growth pace was the most rapid in 2021 when imports increased by 11% against the previous year.

Import of Sulphates; Alums; Peroxosulphates (Persulphates) in South Korea (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
China79.270.288.858.9-9.4%
Finland31.122.410.729.2-2.1%
United States13.915.718.026.924.6%
Japan17.916.817.014.0-7.9%
India0.70.70.91.734.4%
Others29.817.724.223.5-7.6%
Total173143160154-3.8%

Top Suppliers of Sulphates; Alums; Peroxosulphates (Persulphates) to South Korea in 2022:

  1. China (127.7K tons)
  2. Japan (9.9K tons)
  3. Finland (5.1K tons)
  4. India (5.0K tons)
  5. United States (4.0K tons)

Source: IndexBox Market Intelligence Platform

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