Report Update: Apr 1, 2024

Republic of Korea - Quartz Crystal (Natural) - Market Analysis, Forecast, Size, Trends And Insights

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Natural Quartz Crystal Price in South Korea - 2022

Natural Quartz Crystal Price in South Korea (CIF) - 2022

The average natural quartz crystal import price stood at $221 per ton in December 2022, dropping by -8% against the previous month. Overall, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in November 2022 an increase of 47% month-to-month. As a result, import price attained the peak level of $241 per ton, and then dropped in the following month.

There were significant differences in the average prices amongst the major supplying countries. In December 2022, the country with the highest price was Germany ($325 per ton), while the price for Pakistan ($104 per ton) was amongst the lowest.

From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by India (+2.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Natural Quartz Crystal Price in South Korea (FOB) - 2022

The average natural quartz crystal export price stood at $170 per ton in 2022, which is down by -15.6% against the previous year. Over the period under review, export price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, natural quartz crystal export price increased by +10.0% against 2020 indices. The most prominent rate of growth was recorded in 2015 when the average export price increased by 31% against the previous year. Over the period under review, the average export prices reached the peak figure at $236 per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($639 per ton), while the average price for exports to Japan ($22 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 Philippines (+20.2%), while the prices for the other major destinations experienced a decline.

Natural Quartz Crystal Imports in South Korea

In 2022, imports of quartz crystal (natural) into South Korea declined to 141K tons, waning by -6% against the previous year's figure. In general, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 14% against the previous year. As a result, imports attained the peak of 150K tons, and then dropped in the following year.

In value terms, natural quartz crystal imports fell to $24M in 2022. The total import value increased at an average annual rate of +8.8% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 when imports increased by 18% against the previous year.

Import of Natural Quartz Crystal in South Korea (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
India	4.8	3.7	4.8	10.8	31.0%
China	9.7	14.8	18.3	5.8	-15.8%
Turkey	1.0	1.4	0.9	2.3	32.0%
Belgium	0.3	0.2	0.3	0.8	38.7%
Sri Lanka	0.5	0.6	0.2	0.6	6.3%
Germany	0.4	0.3	0.3	0.6	14.5%
Pakistan	0.2	0.1	N/A	0.3	14.5%
Others	1.7	1.0	1.1	2.9	19.5%
Total	18.7	22.1	26.0	24.0	8.7%

Top Suppliers of Natural Quartz Crystal to South Korea in 2022:

India (87.4K tons)
China (26.5K tons)
Turkey (11.0K tons)
Belgium (2.9K tons)
Sri Lanka (2.5K tons)
Pakistan (2.1K tons)
Germany (2.1K tons)

Natural Quartz Crystal Exports in South Korea

In 2022, exports of quartz crystal (natural) from South Korea declined to 97K tons, waning by -9.9% compared with the previous year. In general, exports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by 47%. As a result, the exports reached the peak of 108K tons, and then shrank in the following year.

In value terms, natural quartz crystal exports contracted markedly to $17M in 2022. Overall, exports saw a abrupt setback. The pace of growth appeared the most rapid in 2021 with an increase of 92% against the previous year. As a result, the exports attained the peak of $22M, and then shrank significantly in the following year.

Export of Natural Quartz Crystal in South Korea (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	10.1	6.3	14.2	9.7	-1.3%
China	3.0	1.6	3.8	4.5	14.5%
United Kingdom	2.4	1.0	2.0	1.3	-18.5%
Japan	0.5	0.4	0.3	0.3	-15.7%
Philippines	0.9	0.1	N/A	N/A	-88.9%
Others	2.8	1.9	1.4	0.6	-40.2%
Total	19.7	11.3	21.7	16.5	-5.7%

Top Export Markets for Natural Quartz Crystal from South Korea in 2022:

United States (47.1K tons)
China (30.3K tons)
Japan (15.1K tons)
United Kingdom (2.1K tons)
Philippines (0.1K tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the natural quartz crystal market in Republic of Korea. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 08111290 - Porphyry, basalt, quartzites and other monumental or building stone, crude, roughly trimmed or merely cut (excluding calcareous monumental or building stone of a gravity . 2,5, g ranite and sandstone)
Prodcom 08992900 - Other minerals

Country coverage:

South Korea

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Republic of Korea
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023