Fluorides; of Aluminium Price in South Korea - 2022

Contents:

  1. Fluorides; of Aluminium Price in South Korea (CIF) - 2022
  2. Fluorides; of Aluminium Price in South Korea (FOB) - 2022
  3. Fluorides; of Aluminium Imports in South Korea
  4. Fluorides; of Aluminium Exports in South Korea

Fluorides; of Aluminium Price in South Korea (CIF) - 2022

The average fluorides; of aluminium import price stood at $1,396 per ton in December 2022, waning by -3% against the previous month. Overall, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in March 2022 an increase of 8.2% against the previous month. As a result, import price reached the peak level of $1,555 per ton. From April 2022 to December 2022, the average import prices remained at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for China.

From December 2021 to December 2022, the rate of growth in terms of prices for China amounted to +0.2% per month.

Fluorides; of Aluminium Price in South Korea (FOB) - 2022

In 2022, the average fluorides; of aluminium export price amounted to $3,000 per ton, rising by 4.2% against the previous year. Overall, the export price, however, showed a deep downturn. The pace of growth was the most pronounced in 2017 an increase of 736% against the previous year. As a result, the export price reached the peak level of $20,672 per ton. From 2018 to 2022, the average export prices failed to regain momentum.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Vietnam ($3,003 per ton), while the average price for exports to Malaysia totaled $2,998 per ton.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+30.6%), while the prices for the other major destinations experienced a decline.

Fluorides; of Aluminium Imports in South Korea

After three years of growth, purchases abroad of fluorides; of aluminia decreased by -19.5% to 2.5K tons in 2022. In general, total imports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +11.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +37.9% against 2019 indices. The growth pace was the most rapid in 2021 when imports increased by 31%. As a result, imports attained the peak of 3.1K tons, and then contracted markedly in the following year.

In value terms, fluorides; of aluminium imports contracted to $3.6M in 2022. Over the period under review, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +19.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +69.9% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 49% against the previous year. As a result, imports attained the peak of $3.9M, and then shrank in the following year.

Import of Fluorides; of Aluminium in South Korea (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
China2.12.63.93.619.7%
OthersN/AN/AN/AN/A0%
Total2.12.63.93.619.7%

Top Suppliers of Fluorides; of Aluminium to South Korea in 2022:

  1. China (2.5K tons)

Fluorides; of Aluminium Exports in South Korea

In 2022, after two years of decline, there was significant growth in overseas shipments of fluorides; of aluminia, when their volume increased by 162% to 5.2 tons. In general, exports, however, continue to indicate a sharp reduction.

In value terms, fluorides; of aluminium exports soared to $16K in 2022. Over the period under review, exports, however, showed a precipitous shrinkage.

Export of Fluorides; of Aluminium in South Korea (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Vietnam75.035.1N/A14.4-42.3%
MalaysiaN/AN/AN/A1.30%
Indonesia15.03.05.6N/A-38.9%
Others0.30.10.20.1-30.7%
Total90.338.35.815.7-44.2%

Top Export Markets for Fluorides; of Aluminium from South Korea in 2022:

  1. Vietnam (4.8 tons)
  2. Malaysia (0.4 tons)

Source: IndexBox Market Intelligence Platform

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