Price for Aldehydes; Cyclic, Without Other Oxygen Function, Benzaldehyde in South Korea - 2022

Contents:

1. Price for Aldehydes; Cyclic, Without Other Oxygen Function, Benzaldehyde in South Korea (CIF) - 2022
2. Price for Aldehydes; Cyclic, Without Other Oxygen Function, Benzaldehyde in South Korea (FOB) - 2022
3. Imports of Aldehydes; Cyclic, Without Other Oxygen Function, Benzaldehyde in South Korea
4. Exports of Aldehydes; Cyclic, Without Other Oxygen Function, Benzaldehyde in South Korea

Price for Aldehydes; Cyclic, Without Other Oxygen Function, Benzaldehyde in South Korea (CIF) - 2022

In 2022, the average import price for aldehydes; cyclic, without other oxygen function, benzaldehydes amounted to $2,177 per ton, surging by 33% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. Over the period under review, average import prices attained the peak figure at $2,257 per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Belgium ($2,507 per ton) and India ($2,274 per ton), while the price for China ($2,008 per ton) and the Netherlands ($2,249 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+0.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Aldehydes; Cyclic, Without Other Oxygen Function, Benzaldehyde in South Korea (FOB) - 2022

In 2022, the average export price for aldehydes; cyclic, without other oxygen function, benzaldehydes amounted to $2,733 per ton, declining by -61.5% against the previous year. Overall, the export price saw a dramatic downturn. The growth pace was the most rapid in 2016 an increase of 1,921%. As a result, the export price attained the peak level of $128,236 per ton. From 2017 to 2022, the average export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for India.

From 2012 to 2022, the rate of growth in terms of prices for India amounted to -29.8% per year.

Imports of Aldehydes; Cyclic, Without Other Oxygen Function, Benzaldehyde in South Korea

In 2022, the amount of aldehydes; cyclic, without other oxygen function, benzaldehydes imported into South Korea shrank rapidly to 2.5K tons, waning by -36.1% on 2021 figures. Overall, imports faced a abrupt slump. The growth pace was the most rapid in 2021 with an increase of 29%. As a result, imports reached the peak of 3.8K tons, and then contracted rapidly in the following year.

In value terms, imports of aldehydes; cyclic, without other oxygen function, benzaldehydes contracted dramatically to $5.3M in 2022. In general, imports showed a abrupt decrease. The pace of growth appeared the most rapid in 2021 when imports increased by 37%.

Top Suppliers of Aldehydes; Cyclic, Without Other Oxygen Function, Benzaldehyde to South Korea in 2022:

1. China (991.7 tons)
2. India (813.9 tons)
3. Netherlands (526.1 tons)
4. Belgium (118.2 tons)

Exports of Aldehydes; Cyclic, Without Other Oxygen Function, Benzaldehyde in South Korea

In 2022, the amount of aldehydes; cyclic, without other oxygen function, benzaldehydes exported from South Korea soared to 35 tons, growing by 345,530% compared with the year before. In general, exports posted a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of aldehydes; cyclic, without other oxygen function, benzaldehydes skyrocketed to $94K in 2022. Overall, exports saw a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Aldehydes; Cyclic, Without Other Oxygen Function, Benzaldehyde from South Korea in 2022:

1. India (34.5 tons)

Source: IndexBox Market Intelligence Platform