Alloy Steel Powders Price in South Korea - 2022
Contents:
- Alloy Steel Powders Price in South Korea (CIF) - 2022
- Alloy Steel Powders Price in South Korea (FOB) - 2022
- Alloy Steel Powders Imports in South Korea
- Alloy Steel Powders Exports in South Korea
Alloy Steel Powders Price in South Korea (CIF) - 2022
In December 2022, the average alloy steel powders import price amounted to $3,235 per ton, remaining relatively unchanged against the previous month. Over the period under review, the import price recorded a perceptible shrinkage. The pace of growth was the most pronounced in October 2022 an increase of 25% m-o-m. Over the period under review, average import prices attained the maximum at $4,728 per ton in March 2022; however, from April 2022 to December 2022, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In December 2022, the country with the highest price was China ($6,429 per ton), while the price for Sweden ($1,865 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 the United States (+2.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Alloy Steel Powders Price in South Korea (FOB) - 2022
The average alloy steel powders export price stood at $1,912 per ton in 2022, which is down by -33.4% against the previous year. Over the period under review, the export price saw a deep contraction. The pace of growth appeared the most rapid in 2013 when the average export price increased by 131% against the previous year. Over the period under review, the average export prices reached the maximum at $8,785 per ton in 2014; however, from 2015 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 Philippines ($4,175 per ton), while the average price for exports to Vietnam ($191 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 (+2.2%), while the prices for the other major destinations experienced a decline.
Alloy Steel Powders Imports in South Korea
In 2022, approx. 26K tons of alloy steel powderses were imported into South Korea; shrinking by -23.5% compared with the year before. Over the period under review, imports, however, enjoyed a prominent expansion. The pace of growth appeared the most rapid in 2021 with an increase of 89%. As a result, imports reached the peak of 34K tons, and then reduced remarkably in the following year.
In value terms, alloy steel powders imports reduced remarkably to $79M in 2022. Overall, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +5.9% 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 +35.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 71% against the previous year. As a result, imports reached the peak of $100M, and then shrank remarkably in the following year.
| Import of Alloy Steel Powders in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 36.0 | 30.4 | 51.3 | 40.7 | 4.2% |
| Sweden | 13.3 | 12.3 | 21.0 | 16.6 | 7.7% |
| China | 5.8 | 6.9 | 10.6 | 8.4 | 13.1% |
| United States | 5.3 | 4.0 | 8.4 | 6.7 | 8.1% |
| Canada | 4.0 | 2.9 | 5.6 | 4.4 | 3.2% |
| Others | 2.4 | 2.2 | 3.2 | 2.6 | 2.7% |
| Total | 66.8 | 58.7 | 100 | 79.4 | 5.9% |
Top Suppliers of Alloy Steel Powders to South Korea in 2022:
- Sweden (10.2K tons)
- Japan (7.9K tons)
- United States (2.9K tons)
- China (2.2K tons)
- Canada (2.1K tons)
Alloy Steel Powders Exports in South Korea
In 2022, approx. 3.4K tons of alloy steel powderses were exported from South Korea; jumping by 37% against the previous year. Overall, total exports indicated a significant increase from 2019 to 2022: its volume increased at an average annual rate of +20.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +73.4% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, alloy steel powders exports shrank to $6.5M in 2022. In general, exports, however, saw a deep slump. The most prominent rate of growth was recorded in 2021 when exports increased by 22%.
| Export of Alloy Steel Powders in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Philippines | 5.0 | 3.5 | 5.2 | 4.7 | -2.0% |
| China | 3.2 | 1.7 | 1.2 | 1.1 | -29.9% |
| Taiwan (Chinese) | 0.3 | 0.2 | 0.5 | 0.4 | 10.1% |
| Japan | 0.3 | 0.2 | 0.2 | 0.2 | -12.6% |
| Vietnam | 0.1 | 0.2 | N/A | 0.1 | 0.0% |
| Thailand | 0.2 | 0.1 | 0.1 | 0.1 | -20.6% |
| Others | 0.2 | N/A | 0.1 | N/A | -29.3% |
| Total | 9.3 | 5.9 | 7.1 | 6.5 | -11.3% |
Top Export Markets for Alloy Steel Powders from South Korea in 2022:
- China (1564.8 tons)
- Philippines (1127.1 tons)
- Vietnam (283.6 tons)
- Taiwan (Chinese) (255.0 tons)
- Japan (87.7 tons)
- Thailand (78.7 tons)
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