Sulphites; Thiosulphates Price in South Korea - 2022
Contents:
- Sulphites; Thiosulphates Price in South Korea (CIF) - 2022
- Sulphites; Thiosulphates Price in South Korea (FOB) - 2022
- Sulphites; Thiosulphates Imports in South Korea
- Sulphites; Thiosulphates Exports in South Korea
Sulphites; Thiosulphates Price in South Korea (CIF) - 2022
The average sulphites; thiosulphates import price stood at $646 per ton in December 2022, reducing by -3.4% against the previous month. In general, the import price, however, enjoyed a mild expansion. The growth pace was the most rapid in February 2022 when the average import price increased by 66% month-to-month. The import price peaked at $1,932 per ton in April 2022; however, from May 2022 to December 2022, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In December 2022, the country with the highest price was Thailand ($780 per ton), while the price for China stood at $628 per ton.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by China (+1.6%).
Sulphites; Thiosulphates Price in South Korea (FOB) - 2022
The average sulphites; thiosulphates export price stood at $1,319 per ton in 2022, growing by 14% against the previous year. Over the period under review, export price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, sulphites; thiosulphates export price increased by +18.5% against 2020 indices. The most prominent rate of growth was recorded in 2013 an increase of 84% against the previous year. The export price peaked at $2,108 per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was China ($4,155 per ton), while the average price for exports to Fiji ($728 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 Myanmar (+10.9%), while the prices for the other major destinations experienced more modest paces of growth.
Sulphites; Thiosulphates Imports in South Korea
In 2022, approx. 43K tons of sulphites; thiosulphateses were imported into South Korea; increasing by 134% on the previous year. In general, imports showed significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, sulphites; thiosulphates imports surged to $21M in 2022. Over the period under review, imports showed significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Sulphites; Thiosulphates in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 3.8 | 4.7 | 7.2 | 19.2 | 71.6% |
| Thailand | 0.9 | 0.9 | 1.2 | 1.1 | 6.9% |
| Others | 1.1 | 1.0 | 0.9 | 0.8 | -10.1% |
| Total | 5.7 | 6.6 | 9.3 | 21.0 | 54.4% |
Top Suppliers of Sulphites; Thiosulphates to South Korea in 2022:
- China (41.4K tons)
- Thailand (1.4K tons)
Sulphites; Thiosulphates Exports in South Korea
In 2022, shipments abroad of sulphites; thiosulphateses decreased by -21.2% to 86 tons, falling for the second year in a row after two years of growth. Overall, exports, however, saw modest growth. The most prominent rate of growth was recorded in 2020 when exports increased by 33% against the previous year. As a result, the exports attained the peak of 110 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, sulphites; thiosulphates exports dropped to $113K in 2022. The total export value increased at an average annual rate of +3.1% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 19%.
| Export of Sulphites; Thiosulphates in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 27.5 | 76.0 | 67.1 | 30.0 | 2.9% |
| Vietnam | 19.7 | 8.5 | 13.3 | 24.5 | 7.5% |
| Pakistan | 4.2 | 3.5 | 5.1 | 11.6 | 40.3% |
| China | 4.0 | 9.1 | 3.2 | 7.7 | 24.4% |
| Fiji | N/A | N/A | 6.2 | 5.4 | -12.9% |
| Netherlands | N/A | 2.6 | N/A | 3.8 | 20.9% |
| Chile | 0.3 | N/A | 1.5 | 2.3 | 97.2% |
| Indonesia | 17.8 | 5.0 | 0.8 | 1.0 | -61.7% |
| Singapore | 5.3 | 0.1 | 3.9 | 0.7 | -49.1% |
| Iraq | N/A | N/A | 8.2 | N/A | 0% |
| Qatar | 10.1 | N/A | N/A | N/A | 0% |
| Others | 14.3 | 18.1 | 16.6 | 25.9 | 21.9% |
| Total | 103 | 123 | 126 | 113 | 3.1% |
Top Export Markets for Sulphites; Thiosulphates from South Korea in 2022:
- Vietnam (29.9 tons)
- Japan (29.0 tons)
- Pakistan (10.4 tons)
- Fiji (7.4 tons)
- Chile (2.0 tons)
- China (1.9 tons)
- Netherlands (1.3 tons)
- Singapore (0.3 tons)
- Indonesia (0.1 tons)
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