Copper; Master Alloys Price in South Korea - 2022
Contents:
- Copper; Master Alloys Price in South Korea (FOB) - 2022
- Copper; Master Alloys Price in South Korea (CIF) - 2022
- Copper; Master Alloys Exports in South Korea
- Copper; Master Alloys Imports in South Korea
Copper; Master Alloys Price in South Korea (FOB) - 2022
The average copper; master alloys export price stood at $9,667 per ton in 2022, standing approx. at the previous year. Over the period under review, export price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, copper; master alloys export price increased by +50.5% against 2019 indices. The pace of growth was the most pronounced in 2021 an increase of 49%. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in the immediate term.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Turkey ($10,134 per ton), while the average price for exports to the United States ($6,575 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 Italy (+10.5%), while the prices for the other major destinations experienced more modest paces of growth.
Copper; Master Alloys Price in South Korea (CIF) - 2022
The average copper; master alloys import price stood at $17,329 per ton in 2022, growing by 43% against the previous year. In general, import price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, copper; master alloys import price increased by +66.1% against 2020 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
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 Italy ($157,172 per ton), while the price for Japan ($10,163 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+23.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Copper; Master Alloys Exports in South Korea
Copper; master alloys exports from South Korea rose modestly to 2.9K tons in 2022, increasing by 3.1% against the previous year. The total export volume increased at an average annual rate of +10.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 30% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in the immediate term.
In value terms, copper; master alloys exports rose modestly to $28M in 2022. Over the period under review, exports showed a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 94%. The exports peaked in 2022 and are expected to retain growth in the immediate term.
| Export of Copper; Master Alloys in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 1.3 | 2.0 | 4.0 | 3.4 | 37.8% |
| Japan | 3.2 | 2.5 | 3.6 | 3.4 | 2.0% |
| Taiwan (Chinese) | 2.2 | 1.8 | 3.6 | 2.9 | 9.6% |
| Greece | 1.0 | 0.8 | 2.1 | 2.3 | 32.0% |
| Brazil | 1.2 | 1.3 | 2.1 | 2.2 | 22.4% |
| Italy | 0.1 | 0.7 | 1.5 | 1.9 | 166.8% |
| Spain | 0.1 | 0.1 | 0.6 | 1.9 | 166.8% |
| India | 0.6 | 0.5 | 1.6 | 1.7 | 41.5% |
| United Kingdom | 1.4 | 0.9 | 2.1 | 1.6 | 4.6% |
| Thailand | 0.5 | 0.5 | 1.5 | 1.6 | 47.4% |
| Vietnam | 0.8 | 1.3 | 1.2 | 1.2 | 14.5% |
| Malaysia | 0.8 | 0.7 | 1.1 | 1.1 | 11.2% |
| Bulgaria | 0.4 | 0.4 | 0.6 | 0.7 | 20.5% |
| Others | 0.3 | 0.5 | 1.8 | 2.4 | 100.0% |
| Total | 13.8 | 14.1 | 27.3 | 28.2 | 26.9% |
Top Export Markets for Copper; Master Alloys from South Korea in 2022:
- Japan (348.2 tons)
- Turkey (330.8 tons)
- Taiwan (Chinese) (299.7 tons)
- Brazil (239.5 tons)
- Greece (232.0 tons)
- Italy (203.0 tons)
- Spain (200.0 tons)
- United Kingdom (180.0 tons)
- India (178.5 tons)
- Thailand (159.2 tons)
- Vietnam (118.3 tons)
- Malaysia (112.6 tons)
- Bulgaria (66.0 tons)
Copper; Master Alloys Imports in South Korea
In 2022, the amount of copper; master alloyses imported into South Korea declined notably to 464 tons, shrinking by -33.9% on the year before. Over the period under review, imports continue to indicate a deep setback. The most prominent rate of growth was recorded in 2021 when imports increased by 26%.
In value terms, copper; master alloys imports contracted to $8M in 2022. Overall, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 46% against the previous year. As a result, imports reached the peak of $8.5M, and then declined in the following year.
| Import of Copper; Master Alloys in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 3.8 | 2.6 | 4.3 | 3.6 | -1.8% |
| Kazakhstan | 2.9 | 2.2 | 2.3 | 2.2 | -8.8% |
| Italy | 0.6 | 0.6 | 1.3 | 1.2 | 26.0% |
| Japan | 0.2 | N/A | 0.3 | 0.8 | 58.7% |
| China | 0.3 | 0.3 | 0.3 | 0.2 | -12.6% |
| Others | 0.1 | N/A | N/A | 0.1 | 0.0% |
| Total | 7.9 | 5.8 | 8.5 | 8.0 | 0.4% |
Top Suppliers of Copper; Master Alloys to South Korea in 2022:
- Belgium (298.1 tons)
- Japan (81.0 tons)
- Kazakhstan (67.7 tons)
- Italy (7.6 tons)
- China (4.4 tons)
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