Price for Sodium Sulphates; Disodium Sulphate in South Korea - 2022
Contents:
- Price for Sodium Sulphates; Disodium Sulphate in South Korea (CIF) - 2022
- Price for Sodium Sulphates; Disodium Sulphate in South Korea (FOB) - 2022
- Imports of Sodium Sulphates; Disodium Sulphate in South Korea
- Exports of Sodium Sulphates; Disodium Sulphate in South Korea
Price for Sodium Sulphates; Disodium Sulphate in South Korea (CIF) - 2022
In 2022, the average sodium sulphates; disodium sulphate import price amounted to $138 per ton, surging by 16% against the previous year. Over the period under review, import price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, sodium sulphates; disodium sulphate import price increased by +22.3% against 2020 indices. The most prominent rate of growth was recorded in 2018 an increase of 25%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the immediate term.
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 +4.1% per year.
Price for Sodium Sulphates; Disodium Sulphate in South Korea (FOB) - 2022
In 2022, the average sodium sulphates; disodium sulphate export price amounted to $1,107 per ton, rising by 7.4% against the previous year. Over the period under review, the export price enjoyed strong growth. The growth pace was the most rapid in 2017 when the average export price increased by 375% against the previous year. The export price peaked at $4,149 per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($11,657 per ton), while the average price for exports to the United States ($443 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 Taiwan (Chinese) (+28.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Sodium Sulphates; Disodium Sulphate in South Korea
In 2022, approx. 81K tons of sodium sulphates; disodium sulphates were imported into South Korea; with a decrease of -25% compared with 2021 figures. Overall, imports showed a deep slump. The most prominent rate of growth was recorded in 2021 with an increase of 19%.
In value terms, sodium sulphates; disodium sulphate imports reduced to $11M in 2022. In general, imports saw a drastic downturn. The most prominent rate of growth was recorded in 2021 with an increase of 25%.
| Import of Sodium Sulphates; Disodium Sulphate in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 12.8 | 9.4 | 12.4 | 9.6 | -9.1% |
| Others | 0.6 | 0.9 | 0.5 | 1.6 | 38.7% |
| Total | 13.4 | 10.3 | 12.9 | 11.3 | -5.5% |
Top Suppliers of Sodium Sulphates; Disodium Sulphate to South Korea in 2022:
- China (80.5K tons)
Exports of Sodium Sulphates; Disodium Sulphate in South Korea
In 2022, shipments abroad of sodium sulphates; disodium sulphates was finally on the rise to reach 22 tons after two years of decline. Over the period under review, exports, however, recorded a dramatic setback.
In value terms, sodium sulphates; disodium sulphate exports soared to $24K in 2022. In general, exports, however, saw a sharp curtailment.
| Export of Sodium Sulphates; Disodium Sulphate in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 0.3 | 6.5 | 2.4 | 6.9 | 184.4% |
| Taiwan (Chinese) | 2.1 | 2.0 | 0.8 | 4.8 | 31.7% |
| Thailand | 4.0 | 0.4 | N/A | 4.5 | 4.0% |
| Malaysia | N/A | 0.2 | N/A | 3.7 | 330.1% |
| Vietnam | 739 | 0.1 | 0.5 | 2.0 | -86.1% |
| Philippines | 0.3 | 0.2 | 0.2 | 1.2 | 58.7% |
| Pakistan | 0.8 | 1.6 | 0.1 | 0.5 | -14.5% |
| Others | 1.3 | 5.1 | 6.2 | 0.7 | -18.6% |
| Total | 748 | 16.0 | 10.3 | 24.3 | -68.1% |
Top Export Markets for Sodium Sulphates; Disodium Sulphate from South Korea in 2022:
- United States (15.5 tons)
- Malaysia (3.2 tons)
- Vietnam (1.0 tons)
- Thailand (1.0 tons)
- Taiwan (Chinese) (0.4 tons)
- Pakistan (0.3 tons)
- Philippines (0.3 tons)
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