Price for Acyclic Alcohols and Their Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives in South Korea - 2022
Contents:
- Price for Acyclic Alcohols and Their Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives in South Korea (CIF) - 2022
- Price for Acyclic Alcohols and Their Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives in South Korea (FOB) - 2022
- Imports of Acyclic Alcohols and Their Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives in South Korea
- Exports of Acyclic Alcohols and Their Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives in South Korea
Price for Acyclic Alcohols and Their Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives in South Korea (CIF) - 2022
The average import price for acyclic alcohols and their halogenated, sulphonated, nitrated or nitrosated derivativeses stood at $538 per ton in December 2022, declining by -10.4% against the previous month. Overall, the import price saw a noticeable shrinkage. The pace of growth appeared the most rapid in March 2022 when the average import price increased by 11% month-to-month. As a result, import price reached the peak level of $790 per ton. From April 2022 to December 2022, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In December 2022, the country with the highest price was China ($2,048 per ton), while the price for Oman ($346 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 Taiwan (Chinese) (+0.9%), while the prices for the other major suppliers experienced a decline.
Price for Acyclic Alcohols and Their Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives in South Korea (FOB) - 2022
The average export price for acyclic alcohols and their halogenated, sulphonated, nitrated or nitrosated derivativeses stood at $1,144 per ton in December 2022, increasing by 11% against the previous month. In general, the export price, however, saw a slight decrease. The pace of growth was the most pronounced in April 2022 when the average export price increased by 29% month-to-month. The export price peaked at $1,931 per ton in May 2022; however, from June 2022 to December 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In December 2022, the country with the highest price was the United States ($2,448 per ton), while the average price for exports to Taiwan (Chinese) ($733 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 the United States (+2.7%), while the prices for the other major destinations experienced a decline.
Imports of Acyclic Alcohols and Their Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives in South Korea
In 2022, purchases abroad of acyclic alcohols and their halogenated, sulphonated, nitrated or nitrosated derivativeses decreased by -4.7% to 2.8M tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +1.9% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The growth pace was the most rapid in 2021 when imports increased by 5.8%. As a result, imports reached the peak of 3M tons, and then dropped slightly in the following year.
In value terms, imports of acyclic alcohols and their halogenated, sulphonated, nitrated or nitrosated derivativeses reduced to $1.9B in 2022. Over the period under review, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +11.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +54.7% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 68% against the previous year. As a result, imports attained the peak of $2.1B, and then shrank in the following year.
| Import of Acyclic Alcohols and Their Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 377 | 337 | 417 | 371 | -0.5% |
| Saudi Arabia | 236 | 196 | 397 | 313 | 9.9% |
| Trinidad and Tobago | 106 | 93.3 | 204 | 214 | 26.4% |
| China | 146 | 119 | 240 | 176 | 6.4% |
| Taiwan (Chinese) | 71.6 | 83.5 | 161 | 155 | 29.4% |
| Germany | 68.6 | 68.8 | 112 | 116 | 19.1% |
| Oman | 45.5 | 48.5 | 135 | 112 | 35.0% |
| Malaysia | 103 | 80.0 | 95.8 | 99.3 | -1.2% |
| Japan | 80.1 | 86.3 | 111 | 66.9 | -5.8% |
| Singapore | 36.9 | 34.0 | 72.5 | 65.7 | 21.2% |
| Chile | 3.0 | N/A | N/A | 41.6 | 140.2% |
| New Zealand | N/A | N/A | 1.9 | 20.9 | 1000.0% |
| Others | 115 | 108 | 153 | 188 | 17.8% |
| Total | 1,387 | 1,253 | 2,100 | 1,938 | 11.8% |
Top Suppliers of Acyclic Alcohols and Their Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives to South Korea in 2022:
- United States (778.4K tons)
- Trinidad and Tobago (558.7K tons)
- Saudi Arabia (473.0K tons)
- Oman (293.9K tons)
- Taiwan (Chinese) (130.3K tons)
- Chile (101.5K tons)
- Malaysia (95.3K tons)
- China (79.2K tons)
- Germany (60.1K tons)
- New Zealand (56.0K tons)
- Japan (44.0K tons)
- Singapore (43.4K tons)
Exports of Acyclic Alcohols and Their Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives in South Korea
Exports of acyclic alcohols and their halogenated, sulphonated, nitrated or nitrosated derivativeses from South Korea fell dramatically to 629K tons in 2022, which is down by -30% compared with the previous year's figure. Over the period under review, exports continue to indicate a abrupt contraction. The pace of growth appeared the most rapid in 2021 when exports increased by 13% against the previous year.
In value terms, exports of acyclic alcohols and their halogenated, sulphonated, nitrated or nitrosated derivativeses dropped dramatically to $887M in 2022. In general, total exports indicated a measured expansion from 2019 to 2022: its value increased at an average annual rate of +4.8% 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 +32.5% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 74% against the previous year. As a result, the exports attained the peak of $1.2B, and then reduced markedly in the following year.
| Export of Acyclic Alcohols and Their Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 419 | 280 | 375 | 242 | -16.7% |
| Vietnam | 30.6 | 44.3 | 122 | 98.3 | 47.6% |
| Turkey | 34.9 | 30.0 | 102 | 64.4 | 22.7% |
| United States | 40.6 | 42.4 | 71.4 | 63.4 | 16.0% |
| India | 37.9 | 55.7 | 73.9 | 44.4 | 5.4% |
| Taiwan (Chinese) | 16.5 | 13.4 | 30.9 | 33.4 | 26.5% |
| Belgium | 8.2 | 3.1 | 64.9 | 33.1 | 59.2% |
| Netherlands | 7.6 | 5.8 | 11.4 | 29.0 | 56.3% |
| Indonesia | 11.2 | 12.6 | 22.0 | 22.7 | 26.6% |
| Thailand | 11.4 | 12.0 | 26.6 | 21.7 | 23.9% |
| Malaysia | 9.6 | 13.4 | 26.7 | 21.1 | 30.0% |
| Italy | 15.4 | 11.6 | 27.1 | 20.9 | 10.7% |
| Japan | 11.2 | 11.9 | 20.0 | 18.0 | 17.1% |
| Others | 116 | 134 | 192 | 175 | 14.7% |
| Total | 770 | 670 | 1,167 | 887 | 4.8% |
Top Export Markets for Acyclic Alcohols and Their Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives from South Korea in 2022:
- China (224.7K tons)
- Vietnam (64.6K tons)
- Turkey (45.3K tons)
- Belgium (40.2K tons)
- India (31.9K tons)
- United States (27.3K tons)
- Taiwan (Chinese) (24.1K tons)
- Netherlands (17.7K tons)
- Thailand (16.4K tons)
- Italy (12.4K tons)
- Malaysia (12.4K tons)
- Indonesia (11.6K tons)
- Japan (9.5K tons)
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