Price for Monophenols; Naphthols and Their Salts in South Korea - 2022

Contents:

1. Price for Monophenols; Naphthols and Their Salts in South Korea (CIF) - 2022
2. Price for Monophenols; Naphthols and Their Salts in South Korea (FOB) - 2022
3. Imports of Monophenols; Naphthols and Their Salts in South Korea
4. Exports of Monophenols; Naphthols and Their Salts in South Korea

Price for Monophenols; Naphthols and Their Salts in South Korea (CIF) - 2022

The average import price for monophenols; naphthols and their saltses stood at $4,396 per ton in 2022, with an increase of 8% against the previous year. In general, import price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, monophenols; naphthols and their salts import price decreased by -8.0% against 2018 indices. The growth pace was the most rapid in 2018 when the average import price increased by 54%. As a result, import price reached the peak level of $4,781 per ton. From 2019 to 2022, the average import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($4,210 per ton), while the price for China amounted to $3,947 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+2.6%).

Price for Monophenols; Naphthols and Their Salts in South Korea (FOB) - 2022

The average export price for monophenols; naphthols and their saltses stood at $1,719 per ton in 2022, which is down by -50.3% against the previous year. Overall, the export price recorded a abrupt contraction. The most prominent rate of growth was recorded in 2019 when the average export price increased by 47%. Over the period under review, the average export prices reached the maximum at $10,711 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was China ($15,880 per ton), while the average price for exports to India stood at $1,686 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+26.1%), while the prices for the other major destinations experienced a decline.

Imports of Monophenols; Naphthols and Their Salts in South Korea

In 2022, the amount of monophenols; naphthols and their saltses imported into South Korea soared to 315 tons, picking up by 27% against 2021. Overall, total imports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +11.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -16.9% against 2020 indices. The pace of growth appeared the most rapid in 2020 with an increase of 66%. As a result, imports attained the peak of 380 tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, monophenols; naphthols and their salts imports skyrocketed to $1.4M in 2022. Over the period under review, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +9.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -21.2% against 2020 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 65%. As a result, imports attained the peak of $1.8M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Top Suppliers of Monophenols; Naphthols and Their Salts to South Korea in 2022:

1. China (273.6 tons)
2. India (37.3 tons)

Exports of Monophenols; Naphthols and Their Salts in South Korea

For the fourth consecutive year, South Korea recorded growth in overseas shipments of monophenols; naphthols and their saltses, which increased by 71% to 751 kg in 2022. Over the period under review, exports enjoyed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, monophenols; naphthols and their salts exports fell notably to $1.3K in 2022. In general, total exports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +17.5% 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 +62.2% against 2019 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 44% against the previous year. As a result, the exports attained the peak of $1.5K, and then dropped dramatically in the following year.

Top Export Markets for Monophenols; Naphthols and Their Salts from South Korea in 2022:

1. India (748.0 kg)

Source: IndexBox Market Intelligence Platform