Republic of Korea - Base Metal Cored Wire For Electric Arc-Welding - Market Analysis, Forecast, Size, Trends And Insights
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View PricingCored Arc-Welding Wire Price in South Korea - 2022
Contents:
- Cored Arc-Welding Wire Price in South Korea (FOB) - 2022
- Cored Arc-Welding Wire Price in South Korea (CIF) - 2022
- Cored Arc-Welding Wire Exports in South Korea
- Cored Arc-Welding Wire Imports in South Korea
Cored Arc-Welding Wire Price in South Korea (FOB) - 2022
The average cored arc-welding wire export price stood at $2,628 per ton in December 2022, which is down by -1.8% against the previous month. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in June 2022 an increase of 11% m-o-m. Over the period under review, the average export prices reached the maximum at $2,822 per ton in July 2022; however, from August 2022 to December 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In December 2022, the country with the highest price was Russia ($5,309 per ton), while the average price for exports to Poland ($1,313 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 (+4.2%), while the prices for the other major destinations experienced more modest paces of growth.
Cored Arc-Welding Wire Price in South Korea (CIF) - 2022
In December 2022, the average cored arc-welding wire import price amounted to $1,858 per ton, increasing by 6% against the previous month. In general, the import price, however, showed a slight shrinkage. The growth pace was the most rapid in May 2022 an increase of 42% against the previous month. As a result, import price reached the peak level of $2,970 per ton. From June 2022 to December 2022, the average 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 Malaysia ($4,252 per ton), while the price for Vietnam ($1,580 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 China (-0.7%), while the prices for the other major suppliers experienced a decline.
Cored Arc-Welding Wire Exports in South Korea
Cored arc-welding wire exports from South Korea contracted to 51K tons in 2022, waning by -3.2% on the previous year. In general, exports recorded a noticeable setback. The most prominent rate of growth was recorded in 2021 with an increase of 6.8% against the previous year.
In value terms, cored arc-welding wire exports reduced to $112M in 2022. Over the period under review, exports saw a noticeable decline. The pace of growth appeared the most rapid in 2021 with an increase of 16%.
| Export of Cored Arc-Welding Wire in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 24.7 | 19.9 | 21.5 | 19.0 | -8.4% |
| China | 30.0 | 17.6 | 13.7 | 17.6 | -16.3% |
| United States | 15.5 | 9.0 | 12.2 | 10.5 | -12.2% |
| Australia | 5.2 | 5.2 | 7.3 | 6.4 | 7.2% |
| Turkey | 4.5 | 5.4 | 6.7 | 5.9 | 9.4% |
| Brazil | 4.8 | 5.6 | 6.5 | 5.7 | 5.9% |
| Mexico | 4.5 | 1.8 | 6.0 | 5.3 | 5.6% |
| India | 4.3 | 4.3 | 6.0 | 5.2 | 6.5% |
| United Arab Emirates | 4.7 | 7.3 | 5.6 | 5.1 | 2.8% |
| Singapore | 3.7 | 3.1 | 3.2 | 2.9 | -7.8% |
| Canada | 2.7 | 2.4 | 2.9 | 2.6 | -1.3% |
| Russia | 1.3 | 2.0 | 2.9 | 2.5 | 24.4% |
| Others | 23.2 | 20.6 | 26.0 | 23.6 | 0.6% |
| Total | 129 | 104 | 120 | 112 | -4.6% |
Top Export Markets for Cored Arc-Welding Wire from South Korea in 2022:
- Japan (11.5K tons)
- China (7.7K tons)
- United States (4.2K tons)
- United Arab Emirates (3.2K tons)
- Turkey (3.1K tons)
- Australia (2.7K tons)
- Brazil (2.2K tons)
- Mexico (2.2K tons)
- India (1.9K tons)
- Singapore (1.3K tons)
- Canada (1.1K tons)
- Russia (0.8K tons)
Cored Arc-Welding Wire Imports in South Korea
In 2022, approx. 9.5K tons of cored arc-welding wire were imported into South Korea; approximately mirroring 2021 figures. In general, imports, however, recorded a slight decrease.
In value terms, cored arc-welding wire imports fell to $19M in 2022. Overall, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by 21%. As a result, imports reached the peak of $21M, and then fell in the following year.
| Import of Cored Arc-Welding Wire in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 10.4 | 9.2 | 9.9 | 9.0 | -4.7% |
| Vietnam | 2.4 | 3.0 | 3.9 | 3.6 | 14.5% |
| United States | 3.3 | 2.9 | 3.5 | 3.1 | -2.1% |
| Japan | 0.4 | 0.4 | 1.4 | 1.2 | 44.2% |
| Others | 2.0 | 1.8 | 2.2 | 2.1 | 1.6% |
| Total | 18.5 | 17.2 | 20.9 | 19.0 | 0.9% |
Top Suppliers of Cored Arc-Welding Wire to South Korea in 2022:
- China (5.8K tons)
- Vietnam (2.5K tons)
- United States (0.5K tons)
- Japan (0.4K tons)
This report provides an in-depth analysis of the cored arc-welding wire 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 25931530 - Base metal cored wire for electric arc-welding (excluding wire and rods of cored solder, the solder consisting of an alloy containing 2 % or more by weight, of any one precious metal)
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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