Price for Colouring Matter; Ultramarine and Preparations Based Thereon in South Korea - 2022
Contents:
- Price for Colouring Matter; Ultramarine and Preparations Based Thereon in South Korea (CIF) - 2022
- Price for Colouring Matter; Ultramarine and Preparations Based Thereon in South Korea (FOB) - 2022
- Imports of Colouring Matter; Ultramarine and Preparations Based Thereon in South Korea
- Exports of Colouring Matter; Ultramarine and Preparations Based Thereon in South Korea
Price for Colouring Matter; Ultramarine and Preparations Based Thereon in South Korea (CIF) - 2022
The average import price for colouring matter; ultramarine and preparations based therea stood at $4,740 per ton in December 2022, shrinking by -8.1% against the previous month. In general, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in November 2022 when the average import price increased by 15% month-to-month. As a result, import price attained the peak level of $5,159 per ton, and then declined in the following month.
Average prices varied somewhat amongst the major supplying countries. In December 2022, the countries with the highest prices were France ($5,752 per ton) and Spain ($5,747 per ton), while the price for India ($4,516 per ton) and Romania ($4,661 per ton) were amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by India (+3.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Colouring Matter; Ultramarine and Preparations Based Thereon in South Korea (FOB) - 2022
The average export price for colouring matter; ultramarine and preparations based therea stood at $4,498 per ton in December 2022, increasing by 12% against the previous month. Overall, the export price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in February 2022 when the average export price increased by 100% against the previous month. As a result, the export price attained the peak level of $12,450 per ton. From March 2022 to December 2022, the the average export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In December 2022, the country with the highest price was China ($10,200 per ton), while the average price for exports to Greece ($3,407 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 States (+1.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Colouring Matter; Ultramarine and Preparations Based Thereon in South Korea
Imports of colouring matter; ultramarine and preparations based therea into South Korea dropped slightly to 3.2K tons in 2022, which is down by -4.5% against 2021. The total import volume increased at an average annual rate of +4.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when imports increased by 41% against the previous year. As a result, imports attained the peak of 3.3K tons, and then reduced modestly in the following year.
In value terms, imports of colouring matter; ultramarine and preparations based therea rose sharply to $14M in 2022. Overall, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +8.3% 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 +57.5% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 47%. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Colouring Matter; Ultramarine and Preparations Based Thereon in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 4.6 | 3.8 | 5.0 | 6.8 | 13.9% |
| Romania | 3.1 | 2.9 | 3.6 | 3.3 | 2.1% |
| France | N/A | N/A | 1.4 | 1.6 | 14.3% |
| Spain | 2.0 | 1.6 | 2.1 | 1.6 | -7.2% |
| Colombia | 0.1 | 0.2 | 0.3 | 0.6 | 81.7% |
| China | 0.5 | 0.5 | 0.7 | 0.3 | -15.7% |
| Others | 1.1 | 0.3 | 0.4 | 0.3 | -35.2% |
| Total | 11.4 | 9.2 | 13.5 | 14.5 | 8.3% |
Top Suppliers of Colouring Matter; Ultramarine and Preparations Based Thereon to South Korea in 2022:
- India (1566.6 tons)
- Romania (797.5 tons)
- Spain (263.3 tons)
- France (251.2 tons)
- Colombia (219.0 tons)
- China (52.6 tons)
Exports of Colouring Matter; Ultramarine and Preparations Based Thereon in South Korea
In 2022, the amount of colouring matter; ultramarine and preparations based therea exported from South Korea surged to 788 tons, growing by 20% on the previous year. Overall, exports enjoyed significant growth. The pace of growth was the most pronounced in 2021 with an increase of 81%. The exports peaked in 2022 and are likely to see gradual growth in the near future.
In value terms, exports of colouring matter; ultramarine and preparations based therea surged to $4M in 2022. In general, exports enjoyed significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 90% against the previous year. Over the period under review, the exports of attained the maximum in 2022 and are expected to retain growth in the immediate term.
| Export of Colouring Matter; Ultramarine and Preparations Based Thereon in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Greece | 20.3 | 170 | 835 | 1,166 | 285.8% |
| China | 245 | 350 | 580 | 548 | 30.8% |
| United States | 38.4 | 46.4 | 285 | 498 | 134.9% |
| Philippines | 248 | 323 | 376 | 412 | 18.4% |
| Indonesia | 46.0 | 65.5 | 210 | 391 | 104.1% |
| Mexico | 41.4 | 91.7 | 287 | 307 | 95.0% |
| Vietnam | 117 | 217 | 185 | 188 | 17.1% |
| India | 130 | 197 | 14.0 | 73.2 | -17.4% |
| Others | 118 | 143 | 280 | 380 | 47.7% |
| Total | 1,004 | 1,603 | 3,052 | 3,962 | 58.0% |
Top Export Markets for Colouring Matter; Ultramarine and Preparations Based Thereon from South Korea in 2022:
- Greece (333.5 tons)
- Philippines (110.8 tons)
- United States (79.9 tons)
- Indonesia (68.7 tons)
- Mexico (48.6 tons)
- China (31.2 tons)
- Vietnam (30.4 tons)
- India (20.1 tons)
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