Republic of Korea - Base Metal Hinges - Market Analysis, Forecast, Size, Trends And Insights
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View PricingBase Metal Hinge Price in South Korea - 2022
Contents:
- Base Metal Hinge Price in South Korea (CIF) - 2022
- Base Metal Hinge Price in South Korea (FOB) - 2022
- Base Metal Hinge Imports in South Korea
- Base Metal Hinge Exports in South Korea
Base Metal Hinge Price in South Korea (CIF) - 2022
In December 2022, the average base metal hinge import price amounted to $4,980 per ton, dropping by -26.2% against the previous month. Over the period under review, the import price saw a mild contraction. The pace of growth was the most pronounced in July 2022 an increase of 48% month-to-month. The import price peaked at $10,352 per ton in August 2022; however, from September 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 Germany ($15,857 per ton), while the price for China ($4,006 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 Germany (+1.1%), while the prices for the other major suppliers experienced a decline.
Base Metal Hinge Price in South Korea (FOB) - 2022
In December 2022, the average base metal hinge export price amounted to $4,997 per ton, with an increase of 3.1% against the previous month. In general, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in February 2022 when the average export price increased by 15% month-to-month. As a result, the export price reached the peak level of $5,442 per ton. From March 2022 to December 2022, the the average export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Russia ($54,190 per ton), while the average price for exports to Spain ($1,000 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 Russia (+24.6%), while the prices for the other major destinations experienced more modest paces of growth.
Base Metal Hinge Imports in South Korea
In 2022, after three years of growth, there was significant decline in purchases abroad of base metal hinges, when their volume decreased by -9.9% to 19K tons. The total import volume increased at an average annual rate of +5.0% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 26%. As a result, imports reached the peak of 21K tons, and then dropped in the following year.
In value terms, base metal hinge imports shrank to $109M in 2022. Overall, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +9.8% 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 +32.5% against 2019 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 40% against the previous year. As a result, imports attained the peak of $127M, and then shrank in the following year.
| Import of Base Metal Hinge in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 49.7 | 41.0 | 56.8 | 48.5 | -0.8% |
| Vietnam | 14.3 | 35.5 | 52.3 | 44.7 | 46.2% |
| Germany | 9.8 | 5.7 | 7.3 | 6.2 | -14.2% |
| Canada | 0.5 | 1.6 | 2.1 | 1.8 | 53.3% |
| Others | 7.9 | 6.7 | 8.5 | 7.4 | -2.2% |
| Total | 82.0 | 90.4 | 127 | 109 | 10.0% |
Top Suppliers of Base Metal Hinge to South Korea in 2022:
- China (16.0K tons)
- Vietnam (1.2K tons)
- Germany (0.6K tons)
- Canada (0.3K tons)
Base Metal Hinge Exports in South Korea
In 2022, exports of base metal hinges from South Korea fell modestly to 18K tons, declining by -3.5% compared with 2021. In general, exports continue to indicate a abrupt shrinkage. The pace of growth was the most pronounced in 2021 when exports increased by 5.9% against the previous year.
In value terms, base metal hinge exports expanded rapidly to $101M in 2022. Overall, exports saw a abrupt decline.
| Export of Base Metal Hinge in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 31.5 | 29.6 | 27.9 | 27.1 | -4.9% |
| Mexico | 16.6 | 16.5 | 14.4 | 14.5 | -4.4% |
| China | 11.7 | 10.7 | 5.8 | 8.5 | -10.1% |
| Brazil | 10.6 | 6.4 | 5.9 | 6.9 | -13.3% |
| Poland | 7.8 | 6.2 | 5.7 | 6.0 | -8.4% |
| Japan | 7.8 | 5.8 | 6.1 | 6.0 | -8.4% |
| Czech Republic | 7.2 | 4.9 | 4.7 | 5.1 | -10.9% |
| Russia | 5.7 | 5.2 | 5.1 | 5.1 | -3.6% |
| Slovakia | 5.2 | 3.8 | 4.4 | 4.4 | -5.4% |
| India | 5.2 | 3.8 | 3.4 | 3.7 | -10.7% |
| Turkey | 3.2 | 1.5 | 1.4 | 1.8 | -17.5% |
| Spain | 2.2 | 1.9 | 1.6 | 1.7 | -8.2% |
| Uzbekistan | 1.0 | 1.4 | 1.0 | 1.0 | 0.0% |
| Others | 10.4 | 9.1 | 8.3 | 9.3 | -3.7% |
| Total | 126 | 107 | 95.8 | 101 | -7.1% |
Top Export Markets for Base Metal Hinge from South Korea in 2022:
- United States (5.3K tons)
- Mexico (2.6K tons)
- Brazil (1.9K tons)
- Slovakia (1.2K tons)
- Russia (1.2K tons)
- Czech Republic (1.0K tons)
- India (0.8K tons)
- Japan (0.7K tons)
- Turkey (0.6K tons)
- Poland (0.6K tons)
- China (0.6K tons)
- Spain (0.4K tons)
- Uzbekistan (0.3K tons)
This report provides an in-depth analysis of the base metal hinge 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 25721410 - Base metal hinges
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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- 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- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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