Manganese Oxides Price in South Korea - 2022
Contents:
- Manganese Oxides Price in South Korea (FOB) - 2022
- Manganese Oxides Price in South Korea (CIF) - 2022
- Manganese Oxides Exports in South Korea
- Manganese Oxides Imports in South Korea
Manganese Oxides Price in South Korea (FOB) - 2022
The average manganese oxides export price stood at $413 per ton in December 2022, reducing by -19.5% against the previous month. Overall, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in November 2022 an increase of 26% m-o-m. As a result, the export price attained the peak level of $513 per ton, and then dropped sharply in the following month.
Average prices varied somewhat for the major foreign markets. In December 2022, the countries with the highest prices were France ($440 per ton) and the United States ($400 per ton), while the average price for exports to South Africa ($343 per ton) and Russia ($380 per ton) were amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Africa (+7.5%), while the prices for the other major destinations experienced mixed trend patterns.
Manganese Oxides Price in South Korea (CIF) - 2022
The average manganese oxides import price stood at $2,119 per ton in 2022, falling by -8.5% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average import price increased by 32% against the previous year. As a result, import price attained the peak level of $2,663 per ton. From 2020 to 2022, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($3,708 per ton), while the price for South Africa ($756 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+1.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Manganese Oxides Exports in South Korea
In 2022, approx. 15K tons of manganese oxideses were exported from South Korea; which is down by -28.8% compared with 2021. In general, exports showed a deep downturn. The most prominent rate of growth was recorded in 2021 with an increase of 62% against the previous year. As a result, the exports reached the peak of 21K tons, and then fell rapidly in the following year.
In value terms, manganese oxides exports contracted notably to $15M in 2022. Overall, exports recorded a slight reduction. The most prominent rate of growth was recorded in 2021 when exports increased by 99%. As a result, the exports attained the peak of $20M, and then shrank significantly in the following year.
| Export of Manganese Oxides in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 4.8 | 1.3 | 5.9 | 4.7 | -0.7% |
| United States | 2.4 | 2.7 | 1.1 | 2.7 | 4.0% |
| France | 4.9 | 1.1 | 3.2 | 2.6 | -19.0% |
| United Arab Emirates | 0.4 | 2.2 | 1.4 | 2.3 | 79.2% |
| South Africa | 0.1 | 0.6 | 0.6 | 0.5 | 71.0% |
| Canada | 0.4 | 0.4 | 0.4 | 0.4 | 0.0% |
| Netherlands | 0.5 | 0.4 | 0.5 | 0.4 | -7.2% |
| India | N/A | N/A | 0.1 | 0.4 | 300.0% |
| Malaysia | 1.1 | 0.1 | 0.5 | 0.4 | -28.6% |
| Spain | 0.3 | 0.3 | 0.5 | 0.3 | 0.0% |
| Others | 1.2 | 1.1 | 6.1 | 0.7 | -16.4% |
| Total | 16.0 | 10.3 | 20.5 | 15.4 | -1.3% |
Top Export Markets for Manganese Oxides from South Korea in 2022:
- Russia (3.3K tons)
- India (2.9K tons)
- France (2.3K tons)
- United Arab Emirates (2.1K tons)
- United States (1.7K tons)
- South Africa (0.9K tons)
- Netherlands (0.4K tons)
- Malaysia (0.4K tons)
- Spain (0.3K tons)
- Canada (0.2K tons)
Manganese Oxides Imports in South Korea
In 2022, approx. 4.9K tons of manganese oxideses were imported into South Korea; waning by -5.6% compared with the previous year's figure. Over the period under review, total imports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +10.1% 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 +45.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 54% against the previous year. As a result, imports attained the peak of 5.2K tons, and then dropped in the following year.
In value terms, manganese oxides imports declined to $10M in 2022. The total import value increased at an average annual rate of +2.0% 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 2021 when imports increased by 37% against the previous year. As a result, imports attained the peak of $12M, and then shrank in the following year.
| Import of Manganese Oxides in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 6.6 | 5.8 | 9.1 | 7.7 | 5.3% |
| Japan | 1.9 | 1.8 | 1.8 | 1.2 | -14.2% |
| United States | 0.7 | 0.6 | 0.6 | 1.0 | 12.6% |
| South Africa | 0.2 | 0.1 | 0.2 | 0.1 | -20.6% |
| India | 0.1 | 0.1 | 0.1 | 0.1 | 0.0% |
| Others | 0.3 | 0.4 | 0.3 | 0.3 | 0.0% |
| Total | 9.8 | 8.7 | 12.0 | 10.4 | 2.0% |
Top Suppliers of Manganese Oxides to South Korea in 2022:
- China (3577.2 tons)
- Japan (551.7 tons)
- United States (431.1 tons)
- South Africa (157.9 tons)
- India (87.4 tons)
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