Republic of Korea - Copper Screws, Bolts And Nuts - Market Analysis, Forecast, Size, Trends And Insights
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View PricingCopper Screw Price in South Korea - 2022
Contents:
- Copper Screw Price in South Korea (FOB) - 2022
- Copper Screw Price in South Korea (CIF) - 2022
- Copper Screw Exports in South Korea
- Copper Screw Imports in South Korea
Copper Screw Price in South Korea (FOB) - 2022
The average copper screw export price stood at $4,145 per ton in 2022, with a decrease of -82.1% against the previous year. Over the period under review, the export price faced a deep contraction. The most prominent rate of growth was recorded in 2021 an increase of 37%. As a result, the export price attained the peak level of $23,101 per ton, and then reduced dramatically in the following year.
As there is only one major export destination, the average price level is determined by prices for Myanmar.
From 2012 to 2022, the rate of growth in terms of prices for China amounted to +11.9% per year.
Copper Screw Price in South Korea (CIF) - 2022
In 2022, the average copper screw import price amounted to $14,188 per ton, falling by -1.9% against the previous year. Overall, import price indicated a buoyant increase from 2012 to 2022: its price increased at an average annual rate of +6.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, copper screw import price increased by +4.8% against 2020 indices. The pace of growth appeared the most rapid in 2013 an increase of 42%. The import price peaked at $15,493 per ton in 2016; however, from 2017 to 2022, import prices failed to regain momentum.
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 the United States ($51,667 per ton), while the price for China ($11,336 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+13.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Copper Screw Exports in South Korea
In 2022, overseas shipments of copper screws, bolts and nuts increased by 392% to 1.9K tons for the first time since 2019, thus ending a two-year declining trend. In general, exports enjoyed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, copper screw exports reduced to $7.9M in 2022. Overall, exports, however, showed a abrupt decline. The growth pace was the most rapid in 2021 with an increase of 31%.
| Export of Copper Screw in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Myanmar | N/A | N/A | N/A | 7.9 | 0% |
| Thailand | 1.9 | 1.6 | 2.4 | N/A | 12.4% |
| Vietnam | 1.6 | 0.4 | 1.4 | N/A | -6.5% |
| United States | 1.9 | 1.5 | 2.3 | N/A | 10.0% |
| Japan | 1.3 | 1.0 | 1.4 | N/A | 3.8% |
| Canada | 0.5 | 0.3 | N/A | N/A | -40.0% |
| Others | 2.9 | 1.9 | 1.3 | N/A | -33.0% |
| Total | 10.1 | 6.8 | 8.9 | 7.9 | -7.9% |
Top Export Markets for Copper Screw from South Korea in 2022:
- Myanmar (1.9K tons)
Copper Screw Imports in South Korea
In 2022, approx. 227 tons of copper screws, bolts and nuts were imported into South Korea; falling by -25% against the previous year. Over the period under review, imports, however, recorded a strong increase. The most prominent rate of growth was recorded in 2021 with an increase of 99%. As a result, imports reached the peak of 303 tons, and then reduced dramatically in the following year.
In value terms, copper screw imports declined dramatically to $3.2M in 2022. In general, imports, however, saw a resilient increase. The growth pace was the most rapid in 2021 when imports increased by 112%. As a result, imports attained the peak of $4.4M, and then contracted markedly in the following year.
| Import of Copper Screw in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,092 | 1,265 | 1,955 | 2,311 | 28.4% |
| United States | 103 | 72.9 | 85.4 | 221 | 29.0% |
| Germany | 170 | 145 | 188 | 216 | 8.3% |
| Japan | 273 | 243 | 202 | 172 | -14.3% |
| Thailand | 382 | 200 | 640 | N/A | 29.4% |
| Others | 214 | 140 | 1,319 | 307 | 12.8% |
| Total | 2,234 | 2,065 | 4,389 | 3,227 | 13.0% |
Top Suppliers of Copper Screw to South Korea in 2022:
- China (203.9 tons)
- Germany (6.2 tons)
- United States (4.3 tons)
- Japan (3.4 tons)
This report provides an in-depth analysis of the copper screw 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 25941340 - Copper screws, bolts and nuts (excluding pointed screw nails, s crew stoppers, threaded mechanisms used to transmit motion/to act as active machinery part, screw hooks, rings)
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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