Price for Alcohols; Cyclanic, Cyclenic or Cycloterpenic and Derivatives, Sterols and Inositols in South Korea - 2022

Contents:

1. Price for Alcohols; Cyclanic, Cyclenic or Cycloterpenic and Derivatives, Sterols and Inositols in South Korea (FOB) - 2022
2. Price for Alcohols; Cyclanic, Cyclenic or Cycloterpenic and Derivatives, Sterols and Inositols in South Korea (CIF) - 2022
3. Exports of Alcohols; Cyclanic, Cyclenic or Cycloterpenic and Derivatives, Sterols and Inositols in South Korea
4. Imports of Alcohols; Cyclanic, Cyclenic or Cycloterpenic and Derivatives, Sterols and Inositols in South Korea

Price for Alcohols; Cyclanic, Cyclenic or Cycloterpenic and Derivatives, Sterols and Inositols in South Korea (FOB) - 2022

The average export price for alcohols; cyclanic, cyclenic or cycloterpenic and derivatives, sterols and inositolses stood at $220K per ton in December 2022, reducing by -23.7% against the previous month. Overall, the export price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in November 2022 when the average export price increased by 36% m-o-m. As a result, the export price attained the peak level of $289K per ton, and then contracted markedly in the following month.

Average prices varied noticeably for the major export markets. In December 2022, the countries with the highest prices were the United States ($244K per ton) and Italy ($220K per ton), while the average price for exports to Spain ($209K per ton) and China ($218K per ton) were amongst the lowest.

From December 2021 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+1.6%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Alcohols; Cyclanic, Cyclenic or Cycloterpenic and Derivatives, Sterols and Inositols in South Korea (CIF) - 2022

The average import price for alcohols; cyclanic, cyclenic or cycloterpenic and derivatives, sterols and inositolses stood at $15,536 per ton in 2022, declining by -16.5% against the previous year. Overall, the import price saw a perceptible descent. The growth pace was the most rapid in 2021 when the average import price increased by 54% against the previous year. The import price peaked at $21,241 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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 the United States ($105,831 per ton), while the price for Finland ($6,447 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+4.6%), while the prices for the other major suppliers experienced a decline.

Exports of Alcohols; Cyclanic, Cyclenic or Cycloterpenic and Derivatives, Sterols and Inositols in South Korea

In 2022, after three years of growth, there was significant decline in overseas shipments of alcohols; cyclanic, cyclenic or cycloterpenic and derivatives, sterols and inositolses, when their volume decreased by -17.2% to 52 tons. In general, exports, however, recorded a significant increase. The pace of growth was the most pronounced in 2021 when exports increased by 275% against the previous year. As a result, the exports attained the peak of 63 tons, and then reduced rapidly in the following year.

In value terms, exports of alcohols; cyclanic, cyclenic or cycloterpenic and derivatives, sterols and inositolses shrank sharply to $5.5M in 2022. Overall, exports, however, enjoyed a significant expansion. The pace of growth was the most pronounced in 2021 when exports increased by 175% against the previous year. As a result, the exports reached the peak of $8M, and then shrank rapidly in the following year.

Top Export Markets for Alcohols; Cyclanic, Cyclenic or Cycloterpenic and Derivatives, Sterols and Inositols from South Korea in 2022:

1. United States (13.2 tons)
2. Germany (11.3 tons)
3. Italy (8.7 tons)
4. China (5.7 tons)
5. Spain (4.5 tons)
6. India (3.9 tons)
7. New Zealand (1.1 tons)

Imports of Alcohols; Cyclanic, Cyclenic or Cycloterpenic and Derivatives, Sterols and Inositols in South Korea

After three years of growth, purchases abroad of alcohols; cyclanic, cyclenic or cycloterpenic and derivatives, sterols and inositolses decreased by -6.7% to 212 tons in 2022. The total import volume increased at an average annual rate of +8.8% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 when imports increased by 19% against the previous year.

In value terms, imports of alcohols; cyclanic, cyclenic or cycloterpenic and derivatives, sterols and inositolses contracted significantly to $3.3M in 2022. In general, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +10.9% 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 +39.4% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 79% against the previous year. As a result, imports reached the peak of $4.2M, and then reduced rapidly in the following year.

Top Suppliers of Alcohols; Cyclanic, Cyclenic or Cycloterpenic and Derivatives, Sterols and Inositols to South Korea in 2022:

1. China (155.2 tons)
2. Germany (36.2 tons)
3. United States (9.0 tons)
4. Finland (5.9 tons)
5. Japan (3.5 tons)

Source: IndexBox Market Intelligence Platform