Ferro-Alloys; Ferro-Niobium Price in South Korea - 2022
Contents:
- Ferro-Alloys; Ferro-Niobium Price in South Korea (CIF) - 2022
- Ferro-Alloys; Ferro-Niobium Price in South Korea (FOB) - 2022
- Ferro-Alloys; Ferro-Niobium Imports in South Korea
- Ferro-Alloys; Ferro-Niobium Exports in South Korea
Ferro-Alloys; Ferro-Niobium Price in South Korea (CIF) - 2022
In December 2022, the average ferro-alloys; ferro-niobium import price amounted to $28,477 per ton, declining by -1.5% against the previous month. In general, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in June 2022 when the average import price increased by 3.7% month-to-month. The import price peaked at $28,917 per ton in November 2022, and then declined in the following month.
As there is only one major supplying country, the average price level is determined by prices for Brazil.
From December 2021 to December 2022, the rate of growth in terms of prices for Brazil amounted to +0.8% per month.
Ferro-Alloys; Ferro-Niobium Price in South Korea (FOB) - 2022
In 2022, the average ferro-alloys; ferro-niobium export price amounted to $25,687 per ton, falling by -4% against the previous year. In general, the export price recorded a perceptible setback. The growth pace was the most rapid in 2021 an increase of 9.3%. Over the period under review, the average export prices attained the peak figure at $33,650 per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.
Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($30,137 per ton), while the average price for exports to China ($25,421 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 Turkey (+1.0%), while the prices for the other major destinations experienced a decline.
Ferro-Alloys; Ferro-Niobium Imports in South Korea
Ferro-alloys; ferro-niobium imports into South Korea declined to 6.6K tons in 2022, with a decrease of -5.3% compared with the previous year. Over the period under review, imports saw a abrupt curtailment. The most prominent rate of growth was recorded in 2021 when imports increased by 12%.
In value terms, ferro-alloys; ferro-niobium imports dropped to $155M in 2022. Overall, imports recorded a deep reduction. The growth pace was the most rapid in 2021 with an increase of 13% against the previous year.
| Import of Ferro-Alloys; Ferro-Niobium in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 179 | 138 | 161 | 153 | -5.1% |
| Canada | 3.2 | 7.3 | 2.1 | 1.6 | -20.6% |
| Others | 0.4 | N/A | 0.6 | 0.1 | -37.0% |
| Total | 183 | 145 | 164 | 155 | -5.4% |
Top Suppliers of Ferro-Alloys; Ferro-Niobium to South Korea in 2022:
- Brazil (6.5K tons)
- Canada (0.1K tons)
Ferro-Alloys; Ferro-Niobium Exports in South Korea
Ferro-alloys; ferro-niobium exports from South Korea reduced to 78 tons in 2022, waning by -5.4% on the previous year. Over the period under review, exports saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 when exports increased by 12% against the previous year.
In value terms, ferro-alloys; ferro-niobium exports dropped to $2M in 2022. Overall, exports recorded a abrupt downturn. The most prominent rate of growth was recorded in 2021 with an increase of 22% against the previous year.
| Export of Ferro-Alloys; Ferro-Niobium in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | N/A | N/A | N/A | 1,795 | 0% |
| Indonesia | 303 | N/A | 13.2 | 95.5 | -31.9% |
| Japan | 639 | 1,278 | 394 | 79.8 | -50.0% |
| Belgium | 281 | N/A | N/A | N/A | 0% |
| India | 250 | N/A | 701 | N/A | 67.5% |
| Egypt | 403 | N/A | N/A | N/A | 0% |
| Netherlands | N/A | 244 | N/A | N/A | 0% |
| Turkey | 612 | 252 | 939 | N/A | 23.9% |
| Others | 111 | 18.8 | 149 | 24.8 | -39.3% |
| Total | 2,599 | 1,793 | 2,196 | 1,995 | -8.4% |
Top Export Markets for Ferro-Alloys; Ferro-Niobium from South Korea in 2022:
- China (70.6 tons)
- Indonesia (3.5 tons)
- Japan (2.6 tons)
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