Price for Sulphites; Other than of Sodium in South Korea - 2022

Price for Sulphites; Other than of Sodium in South Korea (CIF) - 2022

In 2022, the average import price for sulphites; other than of sodia amounted to $4,217 per ton, dropping by -39.2% against the previous year. In general, the import price showed a pronounced contraction. The pace of growth was the most pronounced in 2015 an increase of 145%. As a result, import price attained the peak level of $10,907 per ton. From 2016 to 2022, the average 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 Germany ($26,295 per ton), while the price for China amounted to $4,160 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+7.9%).

Price for Sulphites; Other than of Sodium in South Korea (FOB) - 2022

The average export price for sulphites; other than of sodia stood at $945 per ton in 2022, with a decrease of -95.5% against the previous year. Over the period under review, the export price showed a abrupt shrinkage. The pace of growth was the most pronounced in 2020 when the average export price increased by 415%. As a result, the export price reached the peak level of $20,915 per ton. From 2021 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was China ($25,840 per ton), while the average price for exports to Japan ($800 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 (+25.1%).

Imports of Sulphites; Other than of Sodium in South Korea

In 2022, sulphites; other than of sodium imports into South Korea skyrocketed to 1.7K tons, growing by 2,519% compared with 2021. Overall, imports posted a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, sulphites; other than of sodium imports soared to $7.1M in 2022. Over the period under review, imports continue to indicate a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Sulphites; Other than of Sodium in South Korea (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	74.8	155	148	6,830	350.3%
Germany	382	288	72.8	3.4	-79.3%
Others	98.7	109	226	275	40.7%
Total	556	552	447	7,108	133.8%

Top Suppliers of Sulphites; Other than of Sodium to South Korea in 2022:

China (1641.5 tons)
Germany (0.1 tons)

Exports of Sulphites; Other than of Sodium in South Korea

After two years of decline, shipments abroad of sulphites; other than of sodia increased by 52,046% to 19 tons in 2022. Over the period under review, exports showed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, sulphites; other than of sodium exports skyrocketed to $18K in 2022. In general, exports continue to indicate a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.