Price for Alcohols; Aromatic and Derivatives, Other than Benzyl Alcohol in South Korea - 2022
Contents:
- Price for Alcohols; Aromatic and Derivatives, Other than Benzyl Alcohol in South Korea (CIF) - 2022
- Price for Alcohols; Aromatic and Derivatives, Other than Benzyl Alcohol in South Korea (FOB) - 2022
- Imports of Alcohols; Aromatic and Derivatives, Other than Benzyl Alcohol in South Korea
- Exports of Alcohols; Aromatic and Derivatives, Other than Benzyl Alcohol in South Korea
Price for Alcohols; Aromatic and Derivatives, Other than Benzyl Alcohol in South Korea (CIF) - 2022
In 2022, the average import price for alcohols; aromatic and derivatives, other than benzyl alcohol amounted to $48,158 per ton, growing by 45% against the previous year. Over the period under review, the import price recorded a resilient increase. The most prominent rate of growth was recorded in 2016 when the average import price increased by 48% against the previous year. The import price peaked in 2022 and is expected to retain growth in the immediate term.
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 ($318,066 per ton), while the price for China ($25,151 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+33.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Alcohols; Aromatic and Derivatives, Other than Benzyl Alcohol in South Korea (FOB) - 2022
The average export price for alcohols; aromatic and derivatives, other than benzyl alcohol stood at $39,005 per ton in 2022, waning by -36% against the previous year. In general, the export price, however, continues to indicate a remarkable increase. The pace of growth was the most pronounced in 2018 when the average export price increased by 163%. The export price peaked at $134,050 per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($74,533 per ton), while the average price for exports to China ($11,477 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 Turkmenistan (+65.4%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Alcohols; Aromatic and Derivatives, Other than Benzyl Alcohol in South Korea
Imports of alcohols; aromatic and derivatives, other than benzyl alcohol into South Korea dropped rapidly to 227 tons in 2022, with a decrease of -19.8% against the year before. Overall, imports continue to indicate a significant decrease. The growth pace was the most rapid in 2021 with an increase of 20% against the previous year.
In value terms, imports of alcohols; aromatic and derivatives, other than benzyl alcohol soared to $11M in 2022. Over the period under review, imports recorded a drastic downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 22% against the previous year.
| Import of Alcohols; Aromatic and Derivatives, Other than Benzyl Alcohol in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1.0 | 1.0 | 1.4 | 5.3 | 74.4% |
| China | 12.6 | 5.9 | 7.3 | 5.1 | -26.0% |
| Others | 0.5 | 0.7 | 0.6 | 0.6 | 6.3% |
| Total | 14.1 | 7.7 | 9.4 | 10.9 | -8.2% |
Top Suppliers of Alcohols; Aromatic and Derivatives, Other than Benzyl Alcohol to South Korea in 2022:
- China (201.0 tons)
- United States (18.2 tons)
Exports of Alcohols; Aromatic and Derivatives, Other than Benzyl Alcohol in South Korea
In 2022, approx. 39 tons of alcohols; aromatic and derivatives, other than benzyl alcohol were exported from South Korea; jumping by 38% compared with the previous year. In general, exports recorded a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 3,041% against the previous year. The exports peaked in 2022 and are likely to continue growth in the near future.
In value terms, exports of alcohols; aromatic and derivatives, other than benzyl alcohol fell to $1.5M in 2022. Over the period under review, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 4,807% against the previous year. As a result, the exports attained the peak of $1.7M, and then dropped in the following year.
| Export of Alcohols; Aromatic and Derivatives, Other than Benzyl Alcohol in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | N/A | 32.5 | 78.6 | 932 | 435.5% |
| Japan | 378 | N/A | 1,603 | 541 | 12.7% |
| China | N/A | N/A | 18.2 | 29.0 | 59.3% |
| Others | 12.4 | 2.2 | 1.3 | 2.1 | -44.7% |
| Total | 391 | 34.7 | 1,702 | 1,504 | 56.7% |
Top Export Markets for Alcohols; Aromatic and Derivatives, Other than Benzyl Alcohol from South Korea in 2022:
- United States (28.7 tons)
- Japan (7.3 tons)
- China (2.5 tons)
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