Price for Alcohols; Cyclanic, Cyclenic or Cycloterpenic and Derivatives, Menthol in South Korea - 2022
Contents:
- Price for Alcohols; Cyclanic, Cyclenic or Cycloterpenic and Derivatives, Menthol in South Korea (CIF) - 2022
- Price for Alcohols; Cyclanic, Cyclenic or Cycloterpenic and Derivatives, Menthol in South Korea (FOB) - 2022
- Imports of Alcohols; Cyclanic, Cyclenic or Cycloterpenic and Derivatives, Menthol in South Korea
- Exports of Alcohols; Cyclanic, Cyclenic or Cycloterpenic and Derivatives, Menthol in South Korea
Price for Alcohols; Cyclanic, Cyclenic or Cycloterpenic and Derivatives, Menthol in South Korea (CIF) - 2022
In 2022, the average import price for alcohols; cyclanic, cyclenic or cycloterpenic and derivatives, menthol amounted to $26,683 per ton, surging by 6.1% against the previous year. In general, the import price, however, showed a perceptible downturn. The most prominent rate of growth was recorded in 2018 when the average import price increased by 33%. The import price peaked at $38,703 per ton in 2012; however, from 2013 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 India ($32,419 per ton), while the price for the United States ($20,438 per ton) was amongst the lowest.
From 2012 to 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 Alcohols; Cyclanic, Cyclenic or Cycloterpenic and Derivatives, Menthol in South Korea (FOB) - 2022
In 2022, the average export price for alcohols; cyclanic, cyclenic or cycloterpenic and derivatives, menthol amounted to $34,003 per ton, waning by -9.4% against the previous year. Overall, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when the average export price increased by 73%. As a result, the export price attained the peak level of $67,359 per ton. From 2020 to 2022, the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was China ($53,771 per ton), while the average price for exports to Vietnam ($13,636 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 the United Arab Emirates (+663.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Alcohols; Cyclanic, Cyclenic or Cycloterpenic and Derivatives, Menthol in South Korea
After three years of growth, overseas purchases of alcohols; cyclanic, cyclenic or cycloterpenic and derivatives, menthol decreased by -3.9% to 991 tons in 2022. The total import volume increased at an average annual rate of +3.2% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 8.3%. As a result, imports attained the peak of 1K tons, and then dropped slightly in the following year.
In value terms, imports of alcohols; cyclanic, cyclenic or cycloterpenic and derivatives, menthol expanded to $26M in 2022. Over the period under review, imports continue to indicate a perceptible reduction.
Import of Alcohols; Cyclanic, Cyclenic or Cycloterpenic and Derivatives, Menthol in South Korea (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Singapore | 13.6 | 13.2 | 7.6 | 13.1 | -1.2% |
China | 7.7 | 5.5 | 3.5 | 6.3 | -6.5% |
India | 4.3 | 3.8 | 1.3 | 3.3 | -8.4% |
Germany | 2.7 | 3.3 | 1.6 | 2.7 | 0.0% |
United States | 0.3 | 0.5 | 0.5 | 0.7 | 32.6% |
Japan | 0.8 | 0.6 | 0.1 | 0.3 | -27.9% |
Others | 0.1 | 0.1 | 11.4 | 0.1 | 0.0% |
Total | 29.5 | 27.0 | 25.9 | 26.5 | -3.5% |
Top Suppliers of Alcohols; Cyclanic, Cyclenic or Cycloterpenic and Derivatives, Menthol to South Korea in 2022:
- Singapore (425.5 tons)
- China (287.7 tons)
- Germany (126.4 tons)
- India (102.5 tons)
- United States (34.4 tons)
- Japan (13.1 tons)
Exports of Alcohols; Cyclanic, Cyclenic or Cycloterpenic and Derivatives, Menthol in South Korea
In 2022, approx. 2.1 tons of alcohols; cyclanic, cyclenic or cycloterpenic and derivatives, menthol were exported from South Korea; waning by -18.4% on the previous year's figure. Overall, exports saw a deep setback. The pace of growth appeared the most rapid in 2021 with an increase of 111%. As a result, the exports reached the peak of 2.6 tons, and then reduced markedly in the following year.
In value terms, exports of alcohols; cyclanic, cyclenic or cycloterpenic and derivatives, menthol dropped dramatically to $72K in 2022. In general, exports showed a dramatic descent. The most prominent rate of growth was recorded in 2021 when exports increased by 109% against the previous year.
Export of Alcohols; Cyclanic, Cyclenic or Cycloterpenic and Derivatives, Menthol in South Korea (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 75.9 | 7.3 | 6.4 | 25.7 | -30.3% |
Panama | 18.5 | 18.5 | 41.5 | 22.4 | 6.6% |
Guatemala | 9.7 | 7.2 | 17.6 | 8.6 | -3.9% |
United States | 8.2 | 7.3 | 14.6 | 6.9 | -5.6% |
Slovenia | 2.5 | 3.9 | 7.9 | 3.9 | 16.0% |
Hong Kong SAR | 4.6 | N/A | N/A | 1.4 | -32.7% |
Vietnam | 0.7 | 1.3 | 2.3 | 1.1 | 16.3% |
Others | 50.9 | 0.8 | 6.4 | 1.6 | -68.4% |
Total | 171 | 46.3 | 96.8 | 71.6 | -25.2% |
Top Export Markets for Alcohols; Cyclanic, Cyclenic or Cycloterpenic and Derivatives, Menthol from South Korea in 2022:
- Panama (588.0 kg)
- China (477.0 kg)
- Guatemala (422.0 kg)
- United States (285.0 kg)
- Slovenia (145.0 kg)
- Vietnam (84.0 kg)
- Hong Kong SAR (61.0 kg)
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