Price for Dyes; Reactive Dyes and Preparations Based Thereon in South Korea - 2022
Contents:
- Price for Dyes; Reactive Dyes and Preparations Based Thereon in South Korea (FOB) - 2022
- Price for Dyes; Reactive Dyes and Preparations Based Thereon in South Korea (CIF) - 2022
- Exports of Dyes; Reactive Dyes and Preparations Based Thereon in South Korea
- Imports of Dyes; Reactive Dyes and Preparations Based Thereon in South Korea
Price for Dyes; Reactive Dyes and Preparations Based Thereon in South Korea (FOB) - 2022
In December 2022, the average export price for dyes; reactive dyes and preparations based therea amounted to $5,789 per ton, falling by -6.1% against the previous month. Overall, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in November 2022 an increase of 9.5% m-o-m. Over the period under review, the average export prices attained the peak figure at $6,250 per ton in April 2022; however, from May 2022 to December 2022, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Honduras ($11,348 per ton), while the average price for exports to the United States ($3,680 per ton) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to Honduras (+3.3%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Dyes; Reactive Dyes and Preparations Based Thereon in South Korea (CIF) - 2022
In 2022, the average import price for dyes; reactive dyes and preparations based therea amounted to $5,580 per ton, growing by 5.2% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 46% against the previous year. As a result, import price reached the peak level of $8,507 per ton. From 2015 to 2022, the average import prices failed to regain momentum.
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 Thailand ($12,249 per ton), while the price for China ($5,256 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+8.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Dyes; Reactive Dyes and Preparations Based Thereon in South Korea
In 2022, after three years of growth, there was significant decline in shipments abroad of dyes; reactive dyes and preparations based therea, when their volume decreased by -26.7% to 33K tons. Overall, exports showed a mild decrease. The pace of growth was the most pronounced in 2021 with an increase of 16%. As a result, the exports attained the peak of 45K tons, and then dropped significantly in the following year.
In value terms, exports of dyes; reactive dyes and preparations based therea contracted rapidly to $198M in 2022. Over the period under review, exports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by 28%. As a result, the exports reached the peak of $240M, and then contracted remarkably in the following year.
Export of Dyes; Reactive Dyes and Preparations Based Thereon in South Korea (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Pakistan | 40.1 | 52.4 | 67.4 | 50.0 | 7.6% |
Bangladesh | 27.0 | 26.3 | 34.7 | 32.9 | 6.8% |
Vietnam | 24.1 | 23.4 | 29.3 | 22.8 | -1.8% |
Turkey | 21.8 | 18.7 | 16.4 | 17.0 | -8.0% |
Guatemala | 8.0 | 6.8 | 12.7 | 9.6 | 6.3% |
Egypt | 11.3 | 11.0 | 10.0 | 8.6 | -8.7% |
Honduras | 5.9 | 4.2 | 8.8 | 6.9 | 5.4% |
China | 10.5 | 6.5 | 10.5 | 6.9 | -13.1% |
India | 5.3 | 4.5 | 6.8 | 6.7 | 8.1% |
Peru | 5.3 | 4.8 | 8.0 | 5.0 | -1.9% |
United States | 5.7 | 4.1 | 7.3 | 4.9 | -4.9% |
Uzbekistan | 4.9 | 4.6 | 4.1 | 4.7 | -1.4% |
Indonesia | 5.8 | 5.1 | 5.5 | 3.7 | -13.9% |
Others | 18.7 | 14.4 | 18.7 | 18.0 | -1.3% |
Total | 194 | 187 | 240 | 198 | 0.7% |
Top Export Markets for Dyes; Reactive Dyes and Preparations Based Thereon from South Korea in 2022:
- Pakistan (9.0K tons)
- Bangladesh (4.4K tons)
- Vietnam (4.3K tons)
- Turkey (3.0K tons)
- Guatemala (1.9K tons)
- Egypt (1.5K tons)
- India (1.0K tons)
- China (1.0K tons)
- Honduras (0.9K tons)
- United States (0.9K tons)
- Indonesia (0.7K tons)
- Uzbekistan (0.7K tons)
- Peru (0.7K tons)
Imports of Dyes; Reactive Dyes and Preparations Based Thereon in South Korea
In 2022, the amount of dyes; reactive dyes and preparations based therea imported into South Korea shrank rapidly to 12K tons, which is down by -18.7% compared with the year before. Over the period under review, total imports indicated a perceptible expansion from 2019 to 2022: its volume increased at an average annual rate of +4.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +63.0% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 101%. As a result, imports attained the peak of 15K tons, and then reduced remarkably in the following year.
In value terms, imports of dyes; reactive dyes and preparations based therea dropped to $70M in 2022. Overall, total imports indicated noticeable growth from 2019 to 2022: its value increased at an average annual rate of +2.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +54.6% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 81%. As a result, imports attained the peak of $81M, and then dropped in the following year.
Import of Dyes; Reactive Dyes and Preparations Based Thereon in South Korea (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 22.8 | 17.3 | 39.2 | 39.3 | 19.9% |
India | 32.9 | 19.1 | 30.1 | 21.4 | -13.4% |
Turkey | 4.0 | 3.2 | 4.3 | 4.5 | 4.0% |
Others | 5.9 | 5.4 | 7.7 | 4.3 | -10.0% |
Total | 65.7 | 45.0 | 81.3 | 69.6 | 1.9% |
Top Suppliers of Dyes; Reactive Dyes and Preparations Based Thereon to South Korea in 2022:
- China (7.5K tons)
- India (3.9K tons)
- Turkey (0.8K tons)
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