Sulphates; of Aluminium Price in South Korea - 2022
Contents:
- Sulphates; of Aluminium Price in South Korea (CIF) - 2022
- Sulphates; of Aluminium Price in South Korea (FOB) - 2022
- Sulphates; of Aluminium Imports in South Korea
- Sulphates; of Aluminium Exports in South Korea
Sulphates; of Aluminium Price in South Korea (CIF) - 2022
In 2022, the average sulphates; of aluminium import price amounted to $387 per ton, therefore, remained relatively stable against the previous year. Over the period under review, the import price saw a abrupt downturn. The pace of growth was the most pronounced in 2019 when the average import price increased by 8.8%. The import price peaked at $833 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for China.
From 2012 to 2022, the rate of growth in terms of prices for China amounted to -4.7% per year.
Sulphates; of Aluminium Price in South Korea (FOB) - 2022
In 2022, the average sulphates; of aluminium export price amounted to $541 per ton, picking up by 2.9% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the average export price increased by 19%. As a result, the export price attained the peak level of $755 per ton. From 2018 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 Hong Kong SAR ($699 per ton), while the average price for exports to Vietnam ($257 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 India (+5.0%), while the prices for the other major destinations experienced more modest paces of growth.
Sulphates; of Aluminium Imports in South Korea
In 2022, overseas purchases of sulphates; of aluminia decreased by -16% to 1.4K tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 269% against the previous year.
In value terms, sulphates; of aluminium imports shrank dramatically to $552K in 2022. In general, imports, however, showed a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 272%.
| Import of Sulphates; of Aluminium in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 87.7 | 328 | 631 | 506 | 79.4% |
| Others | 29.9 | 110 | 34.5 | 45.8 | 15.3% |
| Total | 118 | 438 | 665 | 552 | 67.2% |
Top Suppliers of Sulphates; of Aluminium to South Korea in 2022:
- China (1398.2 tons)
Sulphates; of Aluminium Exports in South Korea
In 2022, overseas shipments of sulphates; of aluminia decreased by -3.7% to 706 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, total exports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +19.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +70.1% against 2019 indices. The pace of growth was the most pronounced in 2020 with an increase of 63%.
In value terms, sulphates; of aluminium exports dropped slightly to $382K in 2022. In general, total exports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +18.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +65.5% against 2019 indices. The pace of growth was the most pronounced in 2020 with an increase of 64%.
| Export of Sulphates; of Aluminium in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | 51.0 | 102 | 91.9 | 99.3 | 24.9% |
| China | 0.1 | 63.6 | 77.0 | 83.3 | 840.9% |
| Bangladesh | 58.2 | 56.0 | 39.5 | 51.2 | -4.2% |
| Hong Kong SAR | 6.0 | 23.7 | 28.0 | 30.3 | 71.6% |
| India | 28.2 | 35.1 | 18.9 | 27.3 | -1.1% |
| Singapore | 14.4 | 23.5 | 15.3 | 17.7 | 7.1% |
| Malaysia | 13.2 | 23.8 | 9.4 | 15.4 | 5.3% |
| Vietnam | 21.7 | 1.7 | 2.1 | 8.4 | -27.1% |
| American Samoa | N/A | 10.4 | 49.9 | N/A | 379.8% |
| Others | 37.8 | 38.5 | 53.1 | 48.7 | 8.8% |
| Total | 231 | 378 | 385 | 382 | 18.3% |
Top Export Markets for Sulphates; of Aluminium from South Korea in 2022:
- Taiwan (Chinese) (179.4 tons)
- China (146.1 tons)
- Bangladesh (115.6 tons)
- India (56.5 tons)
- Singapore (46.3 tons)
- Malaysia (43.5 tons)
- Hong Kong SAR (43.3 tons)
- Vietnam (32.6 tons)
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