Organo-Sulphur Compounds; Methionine Price in South Korea - 2022
Contents:
- Organo-Sulphur Compounds; Methionine Price in South Korea (CIF) - 2022
- Organo-Sulphur Compounds; Methionine Price in South Korea (FOB) - 2022
- Organo-Sulphur Compounds; Methionine Imports in South Korea
- Organo-Sulphur Compounds; Methionine Exports in South Korea
Organo-Sulphur Compounds; Methionine Price in South Korea (CIF) - 2022
The average organo-sulphur compounds; methionine import price stood at $2,534 per ton in December 2022, which is down by -6.2% against the previous month. Over the period under review, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2022 when the average import price increased by 20% month-to-month. The import price peaked at $2,984 per ton in August 2022; however, from September 2022 to December 2022, import prices stood at a somewhat lower figure.
Average prices varied somewhat amongst the major supplying countries. In December 2022, the country with the highest price was China ($3,327 per ton), while the price for Malaysia ($2,302 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 France (+1.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Organo-Sulphur Compounds; Methionine Price in South Korea (FOB) - 2022
In December 2022, the average organo-sulphur compounds; methionine export price amounted to $382K per ton, approximately equating the previous month. In general, the export price continues to indicate measured growth. The growth pace was the most rapid in June 2022 an increase of 187% month-to-month. The export price peaked in December 2022.
As there is only one major export destination, the average price level is determined by prices for the United States.
From December 2021 to December 2022, the rate of growth in terms of prices for the United States amounted to +41.6% per month.
Organo-Sulphur Compounds; Methionine Imports in South Korea
After three years of growth, supplies from abroad of organo-sulphur compounds; methionines decreased by -7.1% to 13K tons in 2022. The total import volume increased at an average annual rate of +2.9% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 16%. As a result, imports reached the peak of 14K tons, and then reduced in the following year.
In value terms, organo-sulphur compounds; methionine imports fell to $28M in 2022. The total import value increased at an average annual rate of +7.2% 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 36%. As a result, imports reached the peak of $33M, and then shrank in the following year.
| Import of Organo-Sulphur Compounds; Methionine in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 13.6 | 14.2 | 16.2 | 16.0 | 5.6% |
| Malaysia | 4.4 | 4.4 | 4.6 | 4.0 | -3.1% |
| Singapore | 1.4 | 1.7 | 2.4 | 3.9 | 40.7% |
| China | 1.3 | 1.7 | 2.2 | 1.9 | 13.5% |
| Japan | 1.6 | 1.3 | 2.2 | 1.9 | 5.9% |
| Belgium | 0.5 | 0.5 | 0.4 | 0.3 | -15.7% |
| Others | 0.3 | 0.3 | 4.8 | 0.4 | 10.1% |
| Total | 23.1 | 24.1 | 32.8 | 28.5 | 7.3% |
Top Suppliers of Organo-Sulphur Compounds; Methionine to South Korea in 2022:
- Spain (5.5K tons)
- Singapore (2.6K tons)
- Malaysia (2.6K tons)
- Japan (1.2K tons)
- China (1.0K tons)
- Belgium (0.2K tons)
Organo-Sulphur Compounds; Methionine Exports in South Korea
In 2022, exports of organo-sulphur compounds; methionines from South Korea surged to 81 tons, with an increase of 26% on the year before. In general, total exports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +13.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +74.2% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 38% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to see steady growth in the near future.
In value terms, organo-sulphur compounds; methionine exports declined slightly to $172K in 2022. The total export value increased at an average annual rate of +3.8% from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2020 when exports increased by 8%.
| Export of Organo-Sulphur Compounds; Methionine in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Peru | 68.1 | 119 | 80.7 | 78.6 | 4.9% |
| Japan | 36.7 | 14.1 | 73.0 | 71.1 | 24.7% |
| Malaysia | 11.7 | 7.6 | 9.2 | 8.9 | -8.7% |
| Slovenia | 14.2 | 15.2 | 8.7 | 7.3 | -19.9% |
| Philippines | 14.5 | N/A | N/A | N/A | 0% |
| Others | 8.2 | 9.4 | 6.2 | 5.8 | -10.9% |
| Total | 153 | 166 | 178 | 172 | 4.0% |
Top Export Markets for Organo-Sulphur Compounds; Methionine from South Korea in 2022:
- Peru (41.9 tons)
- Japan (31.8 tons)
- Malaysia (4.1 tons)
- Slovenia (1.7 tons)
191
This report provides an in-depth analysis of the market for thio- and dithiocarbamates, thiuram mono-, di- or tetrasulphides and methionine in Republic of Korea.
338
This report provides an in-depth analysis of the organo-sulphur compound market in Republic of Korea.
332
This report provides an in-depth analysis of the market for organo-sulphur compounds and other organo-inorganic compounds in Republic of Korea.
69
This report provides an in-depth analysis of the market for organo-sulphur compounds other than thiocarbamates, dithiocarbamates, thiuram sulphides and methionine in Republic of Korea.
331
This report provides an in-depth analysis of the motor scraper market in Republic of Korea.
129
This report provides an in-depth analysis of the global market for thio- and dithiocarbamates, thiuram mono-, di- or tetrasulphides and methionine.
654
This report provides an in-depth analysis of the global organo-sulphur compound market.
539
This report provides an in-depth analysis of the global market for organo-sulphur compounds and other organo-inorganic compounds.
75
This report provides an in-depth analysis of the global market for organo-sulphur compounds other than thiocarbamates, dithiocarbamates, thiuram sulphides and methionine.
508
This report provides an in-depth analysis of the global motor scraper market.
711
In 2016, the global imports of organo-sulphur compound amounted to X tons, moving up by X% against the previous year figure. In general, organo-sulphur compound imports continue to indicate a relat...
871
In 2016, the global imports of organo-sulphur compound amounted to X tons, moving up by X% against the previous year figure. In general, organo-sulphur compound imports continue to indicate a relat...
711
In 2016, the global imports of organo-sulphur compound amounted to X tons, moving up by X% against the previous year figure. In general, organo-sulphur compound imports continue to indicate a relat...
871
In 2016, the global imports of organo-sulphur compound amounted to X tons, moving up by X% against the previous year figure. In general, organo-sulphur compound imports continue to indicate a relat...
