Price for Pectic Substances; Pectinates and Pectates in South Korea - 2022

Contents:

1. Price for Pectic Substances; Pectinates and Pectates in South Korea (CIF) - 2022
2. Price for Pectic Substances; Pectinates and Pectates in South Korea (FOB) - 2022
3. Imports of Pectic Substances; Pectinates and Pectates in South Korea
4. Exports of Pectic Substances; Pectinates and Pectates in South Korea

Price for Pectic Substances; Pectinates and Pectates in South Korea (CIF) - 2022

In 2022, the average import price for pectic substances; pectinates and pectateses amounted to $16,809 per ton, increasing by 2.7% against the previous year. Over the period under review, import price indicated a pronounced expansion from 2012 to 2022: its price increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, pectic substances; pectinates and pectates import price decreased by +0.5% against 2017 indices. The most prominent rate of growth was recorded in 2017 an increase of 134% against the previous year. The import price peaked in 2022 and is likely to see gradual 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 France ($22,625 per ton), while the price for Switzerland ($13,130 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+4.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Pectic Substances; Pectinates and Pectates in South Korea (FOB) - 2022

In 2022, the average export price for pectic substances; pectinates and pectateses amounted to $42,625 per ton, rising by 17% against the previous year. Overall, the export price saw prominent growth. The most prominent rate of growth was recorded in 2014 an increase of 112%. The export price peaked in 2022 and is likely to see gradual growth in the near future.

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 Thailand ($168,000 per ton), while the average price for exports to Northern Mariana Islands ($31,870 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 Thailand (+83.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Pectic Substances; Pectinates and Pectates in South Korea

In 2022, overseas purchases of pectic substances; pectinates and pectateses decreased by -4.7% to 823 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 +6.8% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 19%. As a result, imports attained the peak of 864 tons, and then declined slightly in the following year.

In value terms, pectic substances; pectinates and pectates imports contracted to $14M in 2022. The total import value increased at an average annual rate of +7.8% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 18%. As a result, imports reached the peak of $14M, and then contracted modestly in the following year.

Top Suppliers of Pectic Substances; Pectinates and Pectates to South Korea in 2022:

1. Denmark (268.2 tons)
2. Mexico (167.8 tons)
3. United States (150.4 tons)
4. Germany (100.8 tons)
5. Brazil (76.7 tons)
6. France (22.1 tons)
7. Switzerland (18.1 tons)

Exports of Pectic Substances; Pectinates and Pectates in South Korea

In 2022, exports of pectic substances; pectinates and pectateses from South Korea surged to 88 kg, picking up by 1,157% compared with 2021 figures. Overall, exports, however, showed a dramatic curtailment.

In value terms, pectic substances; pectinates and pectates exports surged to $3.8K in 2022. Over the period under review, exports continue to indicate a relatively flat trend pattern. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Pectic Substances; Pectinates and Pectates from South Korea in 2022:

1. Australia (60.0 kg)
2. Northern Mariana Islands (23.0 kg)
3. Thailand (3.0 kg)

Source: IndexBox Market Intelligence Platform