Price for Inorganic Acids; Other than Hydrogen Fluoride in South Korea - 2022
Contents:
- Price for Inorganic Acids; Other than Hydrogen Fluoride in South Korea (CIF) - 2022
- Price for Inorganic Acids; Other than Hydrogen Fluoride in South Korea (FOB) - 2022
- Imports of Inorganic Acids; Other than Hydrogen Fluoride in South Korea
- Exports of Inorganic Acids; Other than Hydrogen Fluoride in South Korea
Price for Inorganic Acids; Other than Hydrogen Fluoride in South Korea (CIF) - 2022
The average import price for inorganic acids; other than hydrogen fluorides stood at $3,346 per ton in 2022, picking up by 12% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.4%. The most prominent rate of growth was recorded in 2017 an increase of 13%. Over the period under review, average import prices hit record highs in 2022 and is likely to see steady growth in years to come.
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 Japan ($21,285 per ton), while the price for Indonesia ($811 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+9.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Inorganic Acids; Other than Hydrogen Fluoride in South Korea (FOB) - 2022
The average export price for inorganic acids; other than hydrogen fluorides stood at $23,355 per ton in 2022, shrinking by -35.6% against the previous year. Over the period under review, the export price, however, saw a temperate expansion. The most prominent rate of growth was recorded in 2017 an increase of 195%. Over the period under review, the average export prices hit record highs at $40,890 per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.
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 Hong Kong SAR ($60,170 per ton), while the average price for exports to Vietnam ($2,163 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 Hong Kong SAR (+33.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Inorganic Acids; Other than Hydrogen Fluoride in South Korea
In 2022, imports of inorganic acids; other than hydrogen fluorides into South Korea rose notably to 11K tons, with an increase of 5.7% on 2021 figures. Overall, imports, however, showed a perceptible decrease. The growth pace was the most rapid in 2021 when imports increased by 7.8%.
In value terms, imports of inorganic acids; other than hydrogen fluorides soared to $38M in 2022. The total import value increased at an average annual rate of +6.6% over the period 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.
| Import of Inorganic Acids; Other than Hydrogen Fluoride in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 10.4 | 12.0 | 9.7 | 9.5 | -3.0% |
| Israel | 5.2 | 1.2 | 3.6 | 7.3 | 12.0% |
| China | 3.3 | 2.6 | 5.7 | 6.8 | 27.3% |
| United States | 3.5 | 4.0 | 4.4 | 4.2 | 6.3% |
| Jordan | 5.9 | 5.7 | 4.2 | 3.3 | -17.6% |
| Taiwan (Chinese) | 1.1 | 1.2 | 2.3 | 2.9 | 38.1% |
| Indonesia | 1.0 | 1.1 | 1.2 | 1.7 | 19.3% |
| Others | 1.2 | 1.3 | 1.2 | 2.5 | 27.7% |
| Total | 31.6 | 29.0 | 32.3 | 38.3 | 6.6% |
Top Suppliers of Inorganic Acids; Other than Hydrogen Fluoride to South Korea in 2022:
- Israel (2.3K tons)
- Indonesia (2.1K tons)
- China (2.1K tons)
- Jordan (2.0K tons)
- Taiwan (Chinese) (1.8K tons)
- United States (0.5K tons)
- Japan (0.4K tons)
Exports of Inorganic Acids; Other than Hydrogen Fluoride in South Korea
In 2022, approx. 254 tons of inorganic acids; other than hydrogen fluorides were exported from South Korea; increasing by 66% on the year before. Over the period under review, exports posted a significant expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 151%. Over the period under review, the exports of reached the peak figure in 2022 and are likely to see gradual growth in the immediate term.
In value terms, exports of inorganic acids; other than hydrogen fluorides expanded sharply to $5.9M in 2022. In general, exports enjoyed significant growth. The growth pace was the most rapid in 2020 when exports increased by 76% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of Inorganic Acids; Other than Hydrogen Fluoride in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 2,206 | 3,896 | 4,537 | 4,015 | 22.1% |
| China | 200 | 483 | 528 | 1,078 | 75.3% |
| Thailand | 8.2 | 99.7 | 10.4 | 333 | 243.7% |
| Hong Kong SAR | 8.3 | 0.4 | 14.3 | 271 | 219.6% |
| Vietnam | 7.5 | 10.5 | 11.5 | 77.6 | 117.9% |
| Israel | 125 | 107 | 399 | 75.8 | -15.4% |
| Myanmar | 63.2 | 63.9 | N/A | N/A | 1.1% |
| Others | 85.0 | 87.8 | 68.0 | 85.3 | 0.1% |
| Total | 2,703 | 4,749 | 5,568 | 5,936 | 30.0% |
Top Export Markets for Inorganic Acids; Other than Hydrogen Fluoride from South Korea in 2022:
- United States (97.8 tons)
- Thailand (88.0 tons)
- Vietnam (35.9 tons)
- China (21.5 tons)
- Hong Kong SAR (4.5 tons)
- Israel (1.7 tons)
413
This report provides an in-depth analysis of the carbon dioxide market in Republic of Korea.
484
This report provides an in-depth analysis of the hydrogen fluoride market in Republic of Korea.
369
This report provides an in-depth analysis of the silicon dioxide market in Republic of Korea.
192
This report provides an in-depth analysis of the market for inorganic oxygen compounds of non-metals in Republic of Korea.
441
This report provides an in-depth analysis of the oxides of boron market in Republic of Korea.
2387
This report provides an in-depth analysis of the global carbon dioxide market.
1178
This report provides an in-depth analysis of the global hydrogen fluoride market.
1457
This report provides an in-depth analysis of the global silicon dioxide market.
357
This report provides an in-depth analysis of the global market for inorganic oxygen compounds of non-metals.
596
This report provides an in-depth analysis of the global oxides of boron market.
1452
In value terms, boron oxides and boric acids imports totaled $X in 2016. Overall, it indicated a mild growth from 2007 to 2016: the total imports value decreased at an average annual rate of -X% ...
1324
In value terms, inorganic acids and other inorganic oxygen compounds imports stood at $X in 2016. The total import value increased at an average annual rate of +X% over the period from 2007 to X>
1286
In value terms, oxides of boron and boric acids exports totaled $X in 2016. The total export value increased at an average annual rate of +X% over the period from 2007 to 2016; however, the trend...
839
In value terms, inorganic acids and other inorganic oxygen compounds exports amounted to $X in 2016. The total export value increased at an average annual rate of +X% from 2007 to 2016; however, ...
