Price for Hydroxide and Peroxide of Magnesium in South Korea - 2022
Contents:
- Price for Hydroxide and Peroxide of Magnesium in South Korea (CIF) - 2022
- Price for Hydroxide and Peroxide of Magnesium in South Korea (FOB) - 2022
- Imports of Hydroxide and Peroxide of Magnesium in South Korea
- Exports of Hydroxide and Peroxide of Magnesium in South Korea
Price for Hydroxide and Peroxide of Magnesium in South Korea (CIF) - 2022
In 2022, the average import price for hydroxide and peroxide of magnesia amounted to $1,044 per ton, which is down by -5.3% against the previous year. Overall, import price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, hydroxide and peroxide of magnesium import price increased by +5.5% against 2020 indices. The most prominent rate of growth was recorded in 2016 when the average import price increased by 62% against the previous year. Over the period under review, average import prices hit record highs at $1,183 per ton in 2017; however, from 2018 to 2022, 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 Austria ($2,035 per ton), while the price for the Netherlands ($432 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+9.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Hydroxide and Peroxide of Magnesium in South Korea (FOB) - 2022
The average export price for hydroxide and peroxide of magnesia stood at $1,563 per ton in December 2022, falling by -70.5% against the previous month. Overall, the export price saw a abrupt slump. The pace of growth appeared the most rapid in October 2022 an increase of 339% m-o-m. Over the period under review, the average export prices hit record highs at $5,458 per ton in January 2022; however, from February 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 Guatemala ($6,911 per ton), while the average price for exports to China ($250 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 the United Arab Emirates (+77.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Hydroxide and Peroxide of Magnesium in South Korea
In 2022, the amount of hydroxide and peroxide of magnesia imported into South Korea reached 12K tons, with an increase of 3.5% compared with the year before. In general, imports, however, continue to indicate a relatively flat trend pattern.
In value terms, hydroxide and peroxide of magnesium imports contracted slightly to $13M in 2022. Over the period under review, imports, however, showed a perceptible downturn. The growth pace was the most rapid in 2021 when imports increased by 4.2% against the previous year.
| Import of Hydroxide and Peroxide of Magnesium in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 4.8 | 3.1 | 3.4 | 6.0 | 7.7% |
| Russia | 4.9 | 5.1 | 5.5 | 3.5 | -10.6% |
| China | 4.0 | 3.6 | 3.4 | 2.4 | -15.7% |
| Netherlands | N/A | N/A | N/A | 0.3 | 0% |
| Others | 0.6 | 0.6 | 0.8 | 0.6 | 0.0% |
| Total | 14.3 | 12.5 | 13.0 | 12.8 | -3.6% |
Top Suppliers of Hydroxide and Peroxide of Magnesium to South Korea in 2022:
- China (4.5K tons)
- Japan (4.4K tons)
- Russia (2.2K tons)
- Netherlands (0.6K tons)
Exports of Hydroxide and Peroxide of Magnesium in South Korea
In 2022, approx. 285 tons of hydroxide and peroxide of magnesia were exported from South Korea; with a decrease of -10.4% against the previous year. Overall, total exports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +7.5% 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 +51.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 70%. As a result, the exports attained the peak of 318 tons, and then shrank in the following year.
In value terms, hydroxide and peroxide of magnesium exports dropped remarkably to $938K in 2022. Over the period under review, total exports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +9.8% 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 +32.5% against 2019 indices. The pace of growth was the most pronounced in 2021 when exports increased by 59% against the previous year. As a result, the exports attained the peak of $1.2M, and then declined notably in the following year.
| Export of Hydroxide and Peroxide of Magnesium in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Dominican Republic | 260 | 285 | 443 | 337 | 9.0% |
| Bangladesh | 56.0 | 71.9 | 196 | 133 | 33.4% |
| India | 23.5 | 40.1 | 168 | 114 | 69.3% |
| Indonesia | 94.2 | 95.1 | 76.9 | 75.8 | -7.0% |
| Guatemala | 22.5 | 37.2 | 67.3 | 68.8 | 45.1% |
| Vietnam | 52.7 | 48.0 | 54.5 | 43.4 | -6.3% |
| Germany | 2.3 | 1.1 | 0.2 | 33.7 | 144.7% |
| Iran | 25.0 | 25.9 | 37.7 | 27.0 | 2.6% |
| China | 62.3 | 4.3 | 4.8 | 21.5 | -29.9% |
| Algeria | N/A | 27.9 | N/A | N/A | 0% |
| Others | 110 | 86.2 | 106 | 83.5 | -8.8% |
| Total | 708 | 723 | 1,153 | 938 | 9.8% |
Top Export Markets for Hydroxide and Peroxide of Magnesium from South Korea in 2022:
- Germany (62.2 tons)
- Dominican Republic (52.4 tons)
- Bangladesh (32.4 tons)
- India (32.3 tons)
- Indonesia (25.8 tons)
- Iran (24.0 tons)
- China (13.2 tons)
- Vietnam (13.0 tons)
- Guatemala (12.0 tons)
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This report provides an in-depth analysis of the market for magnesium hydroxide and peroxide in Republic of Korea.
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This report provides an in-depth analysis of the global market for magnesium hydroxide and peroxide.
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This report provides an in-depth analysis of the market for magnesium hydroxide and peroxide in Republic of Korea.
733
This report provides an in-depth analysis of the global market for magnesium hydroxide and peroxide.
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In value terms, hydroxides and magnesium peroxides imports amounted to $X in 2016. Overall, it indicated a prominent expansion from 2007 to 2016: the total imports value increased at an average ann...
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In value terms, hydroxides and magnesium peroxides exports stood at $X in 2016. The total export value increased at an average annual rate of +X% over the period from 2007 to 2016; however, the t...
1329
In value terms, hydroxides and magnesium peroxides imports amounted to $X in 2016. Overall, it indicated a prominent expansion from 2007 to 2016: the total imports value increased at an average ann...
756
In value terms, hydroxides and magnesium peroxides exports stood at $X in 2016. The total export value increased at an average annual rate of +X% over the period from 2007 to 2016; however, the t...
