Asbestos Price in South Korea - 2022

Contents:

1. Asbestos Price in South Korea (CIF) - 2022
2. Asbestos Price in South Korea (FOB) - 2022
3. Asbestos Imports in South Korea
4. Asbestos Exports in South Korea

Asbestos Price in South Korea (CIF) - 2022

The average asbestos import price stood at $750 per ton in 2022, with an increase of 28% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 39%. Over the period under review, average import prices reached the maximum at $1,010 per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for Australia.

From 2012 to 2022, the rate of growth in terms of prices for Australia amounted to +11.9% per year.

Asbestos Price in South Korea (FOB) - 2022

The average asbestos export price stood at $1,800 per ton in 2022, approximately equating the previous year. In general, the export price posted a buoyant expansion. The growth pace was the most rapid in 2020 an increase of 138% against the previous year. As a result, the export price reached the peak level of $4,301 per ton. From 2021 to 2022, the average export prices remained at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to +6.5% per year.

Asbestos Imports in South Korea

For the third consecutive year, South Korea recorded decline in supplies from abroad of asbestoses, which decreased by -98.9% to 16 kg in 2022. Overall, imports recorded a significant curtailment. The smallest decline of -20% was in 2021.

In value terms, asbestos imports fell dramatically to $12 in 2022. In general, imports saw a dramatic contraction. The smallest decline of -20% was in 2021.

Top Suppliers of Asbestos to South Korea in 2022:

1. Australia (16.0 kg)

Asbestos Exports in South Korea

In 2022, exports of asbestoses from South Korea reduced slightly to 8.7 tons, approximately mirroring 2021. Overall, exports, however, recorded a slight increase. The most prominent rate of growth was recorded in 2021 with an increase of 144%. As a result, the exports reached the peak of 8.8 tons, and then dropped in the following year.

In value terms, asbestos exports contracted slightly to $16K in 2022. The total export value increased at an average annual rate of +1.1% over the period from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The pace of growth was the most pronounced in 2020 when exports increased by 2.2%.

Top Export Markets for Asbestos from South Korea in 2022:

1. China (8.7 tons)

Source: IndexBox Market Intelligence Platform