Salts; Molybdates Price in South Korea - 2022

Contents:

1. Salts; Molybdates Price in South Korea (CIF) - 2022
2. Salts; Molybdates Price in South Korea (FOB) - 2022
3. Salts; Molybdates Imports in South Korea
4. Salts; Molybdates Exports in South Korea

Salts; Molybdates Price in South Korea (CIF) - 2022

In 2022, the average salts; molybdates import price amounted to $24,092 per ton, picking up by 25% against the previous year. In general, import price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, salts; molybdates import price increased by +58.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 27% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in the immediate term.

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 the United States ($34,114 per ton), while the price for Taiwan (Chinese) ($12,086 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+5.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Salts; Molybdates Price in South Korea (FOB) - 2022

The average salts; molybdates export price stood at $56,197 per ton in 2022, waning by -3.3% against the previous year. In general, the export price, however, recorded a prominent increase. The growth pace was the most rapid in 2013 an increase of 116%. The export price peaked at $61,601 per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($305,444 per ton), while the average price for exports to Cambodia ($1,240 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 Indonesia (+65.1%), while the prices for the other major destinations experienced more modest paces of growth.

Salts; Molybdates Imports in South Korea

In 2022, approx. 498 tons of salts; molybdateses were imported into South Korea; increasing by 4.1% on the year before. The total import volume increased at an average annual rate of +1.7% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 with an increase of 19%. As a result, imports attained the peak of 564 tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, salts; molybdates imports surged to $12M in 2022. The total import value increased at an average annual rate of +11.4% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Salts; Molybdates to South Korea in 2022:

1. Netherlands (173.4 tons)
2. China (106.1 tons)
3. Japan (90.0 tons)
4. Chile (57.5 tons)
5. India (53.0 tons)
6. Taiwan (Chinese) (10.3 tons)
7. United States (7.8 tons)

Salts; Molybdates Exports in South Korea

Salts; molybdates exports from South Korea skyrocketed to 813 kg in 2022, increasing by 150% against the previous year's figure. Over the period under review, exports posted a significant expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 395%. As a result, the exports attained the peak of 2.1 tons. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, salts; molybdates exports skyrocketed to $46K in 2022. Overall, exports posted significant growth. The growth pace was the most rapid in 2020 with an increase of 440%. As a result, the exports reached the peak of $125K. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Top Export Markets for Salts; Molybdates from South Korea in 2022:

1. Vietnam (591.0 kg)
2. Pakistan (45.0 kg)
3. Thailand (41.0 kg)
4. Taiwan (Chinese) (27.0 kg)
5. Indonesia (26.0 kg)
6. United Arab Emirates (25.0 kg)
7. Cambodia (25.0 kg)
8. Bangladesh (7.0 kg)

Source: IndexBox Market Intelligence Platform