Price for Sugars; Fructose, Chemically Pure, in Solid Form in South Korea - 2022

Contents:

1. Price for Sugars; Fructose, Chemically Pure, in Solid Form in South Korea (CIF) - 2022
2. Price for Sugars; Fructose, Chemically Pure, in Solid Form in South Korea (FOB) - 2022
3. Imports of Sugars; Fructose, Chemically Pure, in Solid Form in South Korea
4. Exports of Sugars; Fructose, Chemically Pure, in Solid Form in South Korea

Price for Sugars; Fructose, Chemically Pure, in Solid Form in South Korea (CIF) - 2022

The average import price for sugars; fructose, chemically pure, in solid form stood at $1,017 per ton in 2022, reducing by -3.9% against the previous year. Overall, the import price showed a noticeable reduction. The growth pace was the most rapid in 2020 an increase of 4.6%. Over the period under review, average import prices reached the maximum at $1,418 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 Taiwan (Chinese) ($1,295 per ton), while the price for Turkey ($825 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Israel (-1.3%), while the prices for the other major suppliers experienced a decline.

Price for Sugars; Fructose, Chemically Pure, in Solid Form in South Korea (FOB) - 2022

The average export price for sugars; fructose, chemically pure, in solid form stood at $742 per ton in 2022, with a decrease of -6.1% against the previous year. In general, the export price saw a mild decrease. The most prominent rate of growth was recorded in 2015 an increase of 355%. The export price peaked at $6,648 per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($3,664 per ton), while the average price for exports to the Philippines ($401 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 Vietnam (-2.8%), while the prices for the other major destinations experienced a decline.

Imports of Sugars; Fructose, Chemically Pure, in Solid Form in South Korea

In 2022, the amount of sugars; fructose, chemically pure, in solid form imported into South Korea contracted to 5.8K tons, which is down by -10.1% against the previous year's figure. In general, imports saw a deep downturn. The pace of growth was the most pronounced in 2021 when imports increased by 14% against the previous year.

In value terms, imports of sugars; fructose, chemically pure, in solid form contracted to $5.9M in 2022. Over the period under review, imports saw a abrupt contraction. The growth pace was the most rapid in 2021 with an increase of 11%.

Top Suppliers of Sugars; Fructose, Chemically Pure, in Solid Form to South Korea in 2022:

1. Turkey (2137.8 tons)
2. Finland (1612.7 tons)
3. United States (973.0 tons)
4. Taiwan (Chinese) (384.7 tons)
5. Israel (302.5 tons)
6. China (286.4 tons)
7. Netherlands (88.7 tons)

Exports of Sugars; Fructose, Chemically Pure, in Solid Form in South Korea

In 2022, exports of sugars; fructose, chemically pure, in solid form from South Korea skyrocketed to 110 tons, jumping by 99% compared with 2021 figures. Overall, exports saw prominent growth.

In value terms, exports of sugars; fructose, chemically pure, in solid form soared to $81K in 2022. Over the period under review, exports recorded a resilient increase.

Top Export Markets for Sugars; Fructose, Chemically Pure, in Solid Form from South Korea in 2022:

1. India (83.9 tons)
2. Finland (15.9 tons)
3. China (3.5 tons)
4. Philippines (3.3 tons)
5. Vietnam (2.4 tons)

Source: IndexBox Market Intelligence Platform