Aluminium Wire Price in South Korea - 2022
Contents:
- Aluminium Wire Price in South Korea (CIF) - 2022
- Aluminium Wire Price in South Korea (FOB) - 2022
- Aluminium Wire Imports in South Korea
- Aluminium Wire Exports in South Korea
Aluminium Wire Price in South Korea (CIF) - 2022
In December 2022, the average aluminium wire import price amounted to $4,754 per ton, rising by 3% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.5%. The pace of growth was the most pronounced in November 2022 an increase of 16% month-to-month. Over the period under review, average import prices attained the peak figure at $4,959 per ton in June 2022; however, from July 2022 to December 2022, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was France ($10,442 per ton), while the price for Russia ($2,692 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 Malaysia (+8.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Aluminium Wire Price in South Korea (FOB) - 2022
In December 2022, the average aluminium wire export price amounted to $3,740 per ton, waning by -8.8% against the previous month. Over the period under review, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in November 2022 an increase of 9.8% against the previous month. The export price peaked at $4,735 per ton in May 2022; however, from June 2022 to December 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In December 2022, the country with the highest price was Malaysia ($4,976 per ton), while the average price for exports to the Philippines ($2,775 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 Malaysia (+0.3%), while the prices for the other major destinations experienced a decline.
Aluminium Wire Imports in South Korea
In 2022, supplies from abroad of aluminium wires decreased by -19.8% to 16K tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports, however, continue to indicate a resilient expansion. The growth pace was the most rapid in 2021 with an increase of 66%. As a result, imports reached the peak of 20K tons, and then reduced remarkably in the following year.
In value terms, aluminium wire imports dropped significantly to $47M in 2022. In general, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +11.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +39.0% against 2019 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 59%. As a result, imports attained the peak of $57M, and then shrank sharply in the following year.
| Import of Aluminium Wire in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 8.5 | 8.4 | 12.8 | 10.8 | 8.3% |
| Russia | 1.3 | 7.9 | 12.0 | 10.2 | 98.7% |
| Japan | 5.4 | 5.5 | 8.4 | 7.1 | 9.6% |
| India | 3.3 | 2.2 | 5.1 | 4.3 | 9.2% |
| Malaysia | 5.0 | 3.5 | 4.1 | 3.6 | -10.4% |
| United Kingdom | 2.5 | 2.3 | 1.9 | 1.9 | -8.7% |
| United States | 1.5 | 1.7 | 2.1 | 1.8 | 6.3% |
| Vietnam | 2.8 | 0.9 | 1.7 | 1.5 | -18.8% |
| Canada | 1.3 | 1.4 | 1.4 | 1.2 | -2.6% |
| United Arab Emirates | N/A | N/A | 2.7 | N/A | 0% |
| Others | 1.9 | 2.1 | 5.1 | 4.2 | 30.3% |
| Total | 33.6 | 36.0 | 57.4 | 46.7 | 11.6% |
Top Suppliers of Aluminium Wire to South Korea in 2022:
- Russia (4.8K tons)
- China (2.9K tons)
- India (2.1K tons)
- Japan (2.0K tons)
- Malaysia (1.7K tons)
- United Kingdom (0.6K tons)
- Vietnam (0.6K tons)
- United States (0.4K tons)
- Canada (0.2K tons)
Aluminium Wire Exports in South Korea
Aluminium wire exports from South Korea shrank to 6.2K tons in 2022, waning by -8.7% on the year before. Overall, exports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when exports increased by 21%. As a result, the exports attained the peak of 6.8K tons, and then fell in the following year.
In value terms, aluminium wire exports reduced sharply to $22M in 2022. The total export value increased at an average annual rate of +3.1% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 47%. As a result, the exports attained the peak of $26M, and then shrank markedly in the following year.
| Export of Aluminium Wire in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 5.3 | 5.2 | 7.9 | 6.1 | 4.8% |
| Thailand | 3.9 | 2.8 | 6.5 | 5.0 | 8.6% |
| Philippines | 0.9 | 2.0 | 3.2 | 2.5 | 40.6% |
| Malaysia | 1.3 | 1.6 | 2.8 | 2.2 | 19.2% |
| United States | 4.9 | 1.1 | N/A | 1.5 | -32.6% |
| Austria | N/A | 1.7 | 1.7 | 1.3 | -12.6% |
| Vietnam | 1.3 | 1.3 | 1.2 | 1.0 | -8.4% |
| Others | 2.2 | 1.6 | 2.3 | 2.0 | -3.1% |
| Total | 19.7 | 17.5 | 25.7 | 21.6 | 3.1% |
Top Export Markets for Aluminium Wire from South Korea in 2022:
- Thailand (1604.4 tons)
- China (1396.1 tons)
- Philippines (905.0 tons)
- United States (648.7 tons)
- Malaysia (524.8 tons)
- Austria (360.1 tons)
- Vietnam (280.6 tons)
424
This report provides an in-depth analysis of the aluminium alloy wire market in Republic of Korea.
619
This report provides an in-depth analysis of the global aluminium alloy wire market.
266
This report provides an in-depth analysis of the non-alloy aluminium wire market in Republic of Korea.
424
This report provides an in-depth analysis of the aluminium alloy wire market in Republic of Korea.
389
Global Non-Alloy Aluminium Wire Market Report 2018. This report provides an in-depth analysis of the global non-alloy aluminium wire market.
619
This report provides an in-depth analysis of the global aluminium alloy wire market.
Nothing found. Please try again.
