Republic of Korea - Base Metal Keys - Market Analysis, Forecast, Size, Trends And Insights
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View PricingBase Metal Keys Price in South Korea - 2022
Contents:
- Base Metal Keys Price in South Korea (FOB) - 2022
- Base Metal Keys Price in South Korea (CIF) - 2022
- Base Metal Keys Exports in South Korea
- Base Metal Keys Imports in South Korea
Base Metal Keys Price in South Korea (FOB) - 2022
The average base metal keys export price stood at $71,954 per ton in 2022, surging by 4.5% against the previous year. Overall, the export price, however, recorded a perceptible decline. The most prominent rate of growth was recorded in 2016 when the average export price increased by 68% against the previous year. The export price peaked at $94,256 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Turkey ($134,000 per ton), while the average price for exports to China ($22,617 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 United Arab Emirates (+15.8%), while the prices for the other major destinations experienced more modest paces of growth.
Base Metal Keys Price in South Korea (CIF) - 2022
The average base metal keys import price stood at $19,371 per ton in 2022, approximately reflecting the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.1%. The growth pace was the most rapid in 2018 an increase of 26%. Over the period under review, average import prices attained the maximum in 2022 and is likely to see steady growth in the near future.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($101,509 per ton), while the price for China ($10,808 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+5.4%), while the prices for the other major suppliers experienced mixed trend patterns.
Base Metal Keys Exports in South Korea
In 2022, the amount of base metal keys exported from South Korea skyrocketed to 147 tons, rising by 55% compared with the previous year. Overall, exports, however, showed a abrupt downturn.
In value terms, base metal keys exports soared to $11M in 2022. Over the period under review, exports, however, recorded a pronounced decrease.
| Export of Base Metal Keys in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 7.3 | 3.7 | 2.3 | 5.1 | -11.3% |
| Mexico | 0.1 | 1.0 | 1.4 | 2.0 | 171.4% |
| Poland | 0.7 | 0.8 | 1.4 | 1.0 | 12.6% |
| Indonesia | N/A | N/A | N/A | 0.6 | 0% |
| Czech Republic | N/A | N/A | N/A | 0.5 | 0% |
| China | 0.1 | 0.2 | 0.2 | 0.2 | 26.0% |
| Iraq | 1.7 | N/A | N/A | N/A | 0% |
| Others | 1.9 | 1.1 | 1.2 | 1.0 | -19.3% |
| Total | 11.8 | 6.8 | 6.5 | 10.6 | -3.5% |
Top Export Markets for Base Metal Keys from South Korea in 2022:
- Mexico (39.2 tons)
- India (38.8 tons)
- Poland (30.3 tons)
- Indonesia (16.8 tons)
- Czech Republic (8.1 tons)
- China (7.8 tons)
Base Metal Keys Imports in South Korea
In 2022, purchases abroad of base metal keys was finally on the rise to reach 150 tons after two years of decline. Overall, imports, however, faced a deep setback.
In value terms, base metal keys imports soared to $2.9M in 2022. In general, imports, however, saw a drastic downturn.
| Import of Base Metal Keys in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,927 | 1,127 | 1,234 | 1,473 | -8.6% |
| Japan | 108 | 90.9 | 101 | 323 | 44.1% |
| Germany | 215 | 204 | 243 | 264 | 7.1% |
| United States | 873 | 272 | 245 | 237 | -35.2% |
| Mexico | 140 | 138 | 130 | 183 | 9.3% |
| Others | 744 | 606 | 519 | 432 | -16.6% |
| Total | 4,007 | 2,439 | 2,473 | 2,912 | -10.1% |
Top Suppliers of Base Metal Keys to South Korea in 2022:
- China (136.3 tons)
- Japan (3.2 tons)
- Mexico (3.1 tons)
- United States (2.0 tons)
- Germany (1.6 tons)
This report provides an in-depth analysis of the base metal keys 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 25721350 - Base metal keys presented separately (including roughly cast, forged or stamped blanks, skeleton keys)
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
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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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