Republic of Korea - Lead Ore - Market Analysis, Forecast, Size, Trends And Insights
Report Update: Apr 1, 2024

Republic of Korea - Lead Ore - Market Analysis, Forecast, Size, Trends And Insights

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Lead Ore Price in South Korea - 2022

Contents:

  1. Lead Ore Price in South Korea (CIF) - 2022
  2. Lead Ore Price in South Korea (FOB) - 2022
  3. Lead Ore Imports in South Korea
  4. Lead Ore Exports in South Korea

Lead Ore Price in South Korea (CIF) - 2022

The average lead ore import price stood at $4,267 per ton in December 2022, increasing by 164% against the previous month. Overall, the import price, however, saw a relatively flat trend pattern. The import price peaked at $5,060 per ton in June 2022; however, from July 2022 to December 2022, import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was Mexico ($9,138 per ton), while the price for the United States ($1,387 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 the Netherlands (+7.0%), while the prices for the other major suppliers experienced a decline.

Lead Ore Price in South Korea (FOB) - 2022

The average lead ore export price stood at $597 per ton in 2022, dropping by -1.8% against the previous year. Over the period under review, the export price, however, showed a temperate expansion. The most prominent rate of growth was recorded in 2020 when the average export price increased by 135%. As a result, the export price reached the peak level of $1,034 per ton. From 2021 to 2022, the average export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Vietnam.

From 2012 to 2022, the rate of growth in terms of prices for Thailand amounted to +16.3% per year.

Lead Ore Imports in South Korea

In 2022, approx. 779K tons of lead ores were imported into South Korea; growing by 49% against the previous year. In general, imports continue to indicate a strong expansion. The growth pace was the most rapid in 2020 with an increase of 77%. As a result, imports attained the peak of 1M tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, lead ore imports soared to $1.5B in 2022. The total import value increased at an average annual rate of +3.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 28% against the previous year. As a result, imports reached the peak of $1.8B. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Import of Lead Ore in South Korea (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Mexico35571746557517.4%
Peru321345232287-3.7%
Australia15025419123716.5%
Bolivia1741251411750.2%
United States198174105130-13.1%
Russia48.024.020.425.2-19.3%
Serbia42.318.819.924.6-16.5%
Others80.599.072.849.1-15.2%
Total1,3691,7571,2491,5033.2%

Top Suppliers of Lead Ore to South Korea in 2022:

  1. Peru (201.7K tons)
  2. Australia (169.4K tons)
  3. Mexico (115.3K tons)
  4. United States (112.0K tons)
  5. Bolivia (89.9K tons)
  6. Russia (25.7K tons)
  7. Serbia (17.7K tons)

Lead Ore Exports in South Korea

Lead ore exports from South Korea shrank remarkably to 615 tons in 2022, reducing by -44.2% on 2021. In general, exports, however, posted a significant increase. The pace of growth was the most pronounced in 2021 when exports increased by 1,683%. As a result, the exports reached the peak of 1.1K tons, and then fell dramatically in the following year.

In value terms, lead ore exports reduced sharply to $367K in 2022. Over the period under review, exports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 949%. As a result, the exports attained the peak of $670K, and then contracted notably in the following year.

Export of Lead Ore in South Korea (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Vietnam23.863.513.8367148.9%
ThailandN/AN/A440N/A0%
ChinaN/AN/A124N/A0%
Malaysia17.7N/AN/AN/A0%
SingaporeN/AN/A30.1N/A0%
OthersN/A0.462.5N/A15525.0%
Total41.563.9670367106.8%

Top Export Markets for Lead Ore from South Korea in 2022:

  1. Vietnam (614.6 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the lead ore 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 07291510 -

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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS
  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030
  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT
  5. 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
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES
  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS
  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023
  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023
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