Selenium Price in South Korea - 2022
Contents:
- Selenium Price in South Korea (FOB) - 2022
- Selenium Price in South Korea (CIF) - 2022
- Selenium Exports in South Korea
- Selenium Imports in South Korea
Selenium Price in South Korea (FOB) - 2022
The average selenium export price stood at $11,433 per ton in December 2022, with a decrease of -19.6% against the previous month. Overall, the export price continues to indicate a noticeable decrease. The growth pace was the most rapid in July 2022 when the average export price increased by 12% against the previous month. Over the period under review, the average export prices reached the peak figure at $18,414 per ton in March 2022; however, from April 2022 to December 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was India ($15,709 per ton), while the average price for exports to Hong Kong SAR ($10,190 per ton) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (-1.2%), while the prices for the other major destinations experienced a decline.
Selenium Price in South Korea (CIF) - 2022
The average selenium import price stood at $35,023 per ton in 2022, jumping by 26% against the previous year. In general, import price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, selenium import price decreased by -10.1% against 2020 indices. Over the period under review, average import prices reached the maximum at $38,945 per ton in 2020; however, from 2021 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 Germany ($216,916 per ton), while the price for China ($18,631 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+25.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Selenium Exports in South Korea
In 2022, the amount of selenia exported from South Korea expanded rapidly to 393 tons, growing by 10% compared with 2021 figures. The total export volume increased at an average annual rate of +5.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when exports increased by 22% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in years to come.
In value terms, selenium exports reduced to $5.1M in 2022. In general, exports, however, saw a deep reduction. The growth pace was the most rapid in 2021 when exports increased by 13%.
| Export of Selenium in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 196 | 168 | 153 | 2,028 | 117.9% |
| Hong Kong SAR | 2,307 | 1,209 | 1,562 | 1,076 | -22.4% |
| India | 2,310 | 1,484 | 1,488 | 1,011 | -24.1% |
| Belgium | 683 | 792 | 898 | 180 | -35.9% |
| Netherlands | 337 | 427 | 191 | 101 | -33.1% |
| Germany | 647 | 66.6 | 17.7 | 86.8 | -48.8% |
| Philippines | 155 | 75.1 | 3.3 | 42.8 | -34.9% |
| Others | 867 | 578 | 1,098 | 578 | -12.6% |
| Total | 7,503 | 4,799 | 5,411 | 5,105 | -12.0% |
Top Export Markets for Selenium from South Korea in 2022:
- China (145.1 tons)
- India (87.9 tons)
- Hong Kong SAR (87.6 tons)
- Netherlands (15.9 tons)
- Belgium (13.6 tons)
- Germany (5.8 tons)
- Philippines (4.3 tons)
Selenium Imports in South Korea
In 2022, approx. 46 tons of selenia were imported into South Korea; increasing by 36% against 2021. Over the period under review, imports enjoyed strong growth. The most prominent rate of growth was recorded in 2020 when imports increased by 88%. As a result, imports attained the peak of 58 tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, selenium imports soared to $1.6M in 2022. In general, imports continue to indicate a prominent increase. The growth pace was the most rapid in 2020 with an increase of 118%. As a result, imports attained the peak of $2.3M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
| Import of Selenium in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 241 | 723 | 350 | 828 | 50.9% |
| Japan | 492 | 1,064 | 384 | 546 | 3.5% |
| United States | 21.1 | 44.7 | 14.8 | 72.4 | 50.8% |
| Hong Kong SAR | 50.9 | 222 | 127 | 65.9 | 9.0% |
| China | 68.6 | 144 | 42.2 | 51.9 | -8.9% |
| Germany | 137 | 50.6 | 5.3 | 11.4 | -56.3% |
| Others | 27.2 | 11.6 | 8.7 | 20.8 | -8.6% |
| Total | 1,037 | 2,260 | 932 | 1,596 | 15.5% |
Top Suppliers of Selenium to South Korea in 2022:
- Japan (19.5 tons)
- India (17.8 tons)
- United States (3.6 tons)
- China (2.8 tons)
- Hong Kong SAR (1.3 tons)
- Germany (0.1 tons)
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