Price for Hydrogen Chloride (Hydrochloric Acid); Chlorosulphuric Acid in South Korea - 2022

Contents:

  1. Price for Hydrogen Chloride (Hydrochloric Acid); Chlorosulphuric Acid in South Korea (CIF) - 2022
  2. Price for Hydrogen Chloride (Hydrochloric Acid); Chlorosulphuric Acid in South Korea (FOB) - 2022
  3. Imports of Hydrogen Chloride (Hydrochloric Acid); Chlorosulphuric Acid in South Korea
  4. Exports of Hydrogen Chloride (Hydrochloric Acid); Chlorosulphuric Acid in South Korea

Price for Hydrogen Chloride (Hydrochloric Acid); Chlorosulphuric Acid in South Korea (CIF) - 2022

In December 2022, the average import price for hydrogen chloride (hydrochloric acid); chlorosulphuric acids amounted to $7,525 per ton, with an increase of 26% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.9%. The import price peaked at $7,562 per ton in February 2022; however, from March 2022 to December 2022, import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was the United States ($18,027 per ton), while the price for Japan ($6,643 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 Japan (+2.0%), while the prices for the other major suppliers experienced a decline.

Price for Hydrogen Chloride (Hydrochloric Acid); Chlorosulphuric Acid in South Korea (FOB) - 2022

The average export price for hydrogen chloride (hydrochloric acid); chlorosulphuric acids stood at $5,374 per ton in 2022, with a decrease of -4.9% against the previous year. Overall, the export price, however, posted a significant increase. The pace of growth was the most pronounced in 2018 when the average export price increased by 513% against the previous year. Over the period under review, the average export prices attained the maximum at $5,651 per ton in 2021, and then declined in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($15,000 per ton), while the average price for exports to Vietnam ($556 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 China (+56.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Hydrogen Chloride (Hydrochloric Acid); Chlorosulphuric Acid in South Korea

Imports of hydrogen chloride (hydrochloric acid); chlorosulphuric acids into South Korea was estimated at 2.6K tons in 2022, approximately equating the year before. The total import volume increased at an average annual rate of +1.8% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The growth pace was the most rapid in 2020 with an increase of 10%. As a result, imports attained the peak of 2.7K tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of hydrogen chloride (hydrochloric acid); chlorosulphuric acids declined to $17M in 2022. Over the period under review, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of 7% against the previous year.

Import of Hydrogen Chloride (Hydrochloric Acid); Chlorosulphuric Acid in South Korea (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Japan14.115.715.513.4-1.7%
China0.60.50.71.018.6%
United States1.10.90.70.9-6.5%
Germany0.60.60.70.914.5%
Others0.20.30.60.858.7%
Total16.717.918.217.00.6%

Top Suppliers of Hydrogen Chloride (Hydrochloric Acid); Chlorosulphuric Acid to South Korea in 2022:

  1. Japan (2402.4 tons)
  2. China (58.8 tons)
  3. Germany (46.7 tons)
  4. United States (40.0 tons)

Exports of Hydrogen Chloride (Hydrochloric Acid); Chlorosulphuric Acid in South Korea

Exports of hydrogen chloride (hydrochloric acid); chlorosulphuric acids from South Korea skyrocketed to 1.8K tons in 2022, growing by 21% compared with 2021 figures. Over the period under review, exports, however, showed a noticeable decrease. The pace of growth was the most pronounced in 2021 with an increase of 34% against the previous year.

In value terms, exports of hydrogen chloride (hydrochloric acid); chlorosulphuric acids skyrocketed to $9.5M in 2022. Overall, exports enjoyed significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 50%. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the immediate term.

Export of Hydrogen Chloride (Hydrochloric Acid); Chlorosulphuric Acid in South Korea (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China2,5573,8485,6076,04033.2%
United States9361,0217371,2389.8%
Singapore21.554.6227682216.6%
Taiwan (Chinese)93.712230252477.5%
Vietnam584191225250-24.6%
Thailand18.638.676.999.975.1%
Indonesia26.05.924.040.015.4%
Japan24.123.861.537.515.9%
Others74.518596857898.0%
Total4,3355,4908,2289,49029.8%

Top Export Markets for Hydrogen Chloride (Hydrochloric Acid); Chlorosulphuric Acid from South Korea in 2022:

  1. China (457.2 tons)
  2. Vietnam (450.2 tons)
  3. United States (300.0 tons)
  4. Singapore (273.7 tons)
  5. Thailand (61.1 tons)
  6. Taiwan (Chinese) (53.5 tons)
  7. Indonesia (46.0 tons)
  8. Japan (17.3 tons)

Source: IndexBox Market Intelligence Platform

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