Republic of Korea - Non-Alloy Aluminium Bars, Rods And Profiles - Market Analysis, Forecast, Size, Trends and Insights
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View PricingNon-Alloy Aluminium Bar Price in South Korea - 2022
Contents:
- Non-Alloy Aluminium Bar Price in South Korea (FOB) - 2022
- Non-Alloy Aluminium Bar Price in South Korea (CIF) - 2022
- Non-Alloy Aluminium Bar Exports in South Korea
- Non-Alloy Aluminium Bar Imports in South Korea
Non-Alloy Aluminium Bar Price in South Korea (FOB) - 2022
In 2022, the average non-alloy aluminium bar export price amounted to $4,803 per ton, leveling off at the previous year. In general, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of 15% against the previous year. The export price peaked at $5,058 per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($8,211 per ton), while the average price for exports to Thailand ($3,882 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 the Philippines (+0.8%), while the prices for the other major destinations experienced more modest paces of growth.
Non-Alloy Aluminium Bar Price in South Korea (CIF) - 2022
The average non-alloy aluminium bar import price stood at $3,536 per ton in December 2022, shrinking by -16.1% against the previous month. Over the period under review, the import price continues to indicate a perceptible descent. The most prominent rate of growth was recorded in March 2022 when the average import price increased by 28% against the previous month. The import price peaked at $5,116 per ton in December 2021; however, from January 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 Japan ($5,148 per ton), while the price for Malaysia ($2,896 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 Japan (+5.7%), while the prices for the other major suppliers experienced a decline.
Non-Alloy Aluminium Bar Exports in South Korea
In 2022, non-alloy aluminium bar exports from South Korea shrank markedly to 2.1K tons, declining by -16.7% against 2021. Overall, exports recorded a deep downturn. The most prominent rate of growth was recorded in 2021 with an increase of 51% against the previous year. As a result, the exports reached the peak of 2.5K tons, and then reduced notably in the following year.
In value terms, non-alloy aluminium bar exports shrank markedly to $10M in 2022. Over the period under review, exports recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 49% against the previous year.
| Export of Non-Alloy Aluminium Bar in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 2.1 | 1.2 | 4.1 | 3.1 | 13.9% |
| Taiwan (Chinese) | 2.0 | 2.5 | 3.4 | 2.5 | 7.7% |
| China | 2.8 | 0.6 | 0.2 | 0.9 | -31.5% |
| Philippines | 1.2 | 0.7 | 1.1 | 0.8 | -12.6% |
| Japan | 1.4 | 0.6 | 0.8 | 0.7 | -20.6% |
| United States | 0.8 | 0.5 | 0.3 | 0.4 | -20.6% |
| India | 0.7 | 0.3 | 0.2 | 0.3 | -24.6% |
| Others | 1.9 | 1.9 | 2.0 | 1.5 | -7.6% |
| Total | 12.8 | 8.2 | 12.2 | 10.2 | -7.3% |
Top Export Markets for Non-Alloy Aluminium Bar from South Korea in 2022:
- Thailand (790.0 tons)
- Taiwan (Chinese) (623.2 tons)
- Philippines (180.0 tons)
- China (164.4 tons)
- Japan (83.8 tons)
- India (70.2 tons)
- United States (55.3 tons)
Non-Alloy Aluminium Bar Imports in South Korea
In 2022, the amount of non-alloy aluminium bars, rods and profiles imported into South Korea dropped markedly to 1.6K tons, falling by -28.3% compared with 2021 figures. Overall, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 128%. As a result, imports reached the peak of 2.2K tons, and then dropped markedly in the following year.
In value terms, non-alloy aluminium bar imports fell dramatically to $6.1M in 2022. In general, imports, however, showed strong growth. The most prominent rate of growth was recorded in 2021 with an increase of 168%. As a result, imports reached the peak of $8.9M, and then declined significantly in the following year.
| Import of Non-Alloy Aluminium Bar in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 3.4 | 1.9 | 6.8 | 4.7 | 11.4% |
| Brazil | 0.3 | 0.4 | 0.6 | 0.4 | 10.1% |
| Malaysia | 0.7 | 0.3 | 0.3 | 0.3 | -24.6% |
| Japan | 0.2 | 0.3 | 0.5 | 0.3 | 14.5% |
| Oman | N/A | N/A | N/A | N/A | 0% |
| Others | 0.5 | 0.4 | 0.6 | 0.4 | -7.2% |
| Total | 5.1 | 3.3 | 8.9 | 6.1 | 6.1% |
Top Suppliers of Non-Alloy Aluminium Bar to South Korea in 2022:
- China (1304.8 tons)
- Brazil (114.2 tons)
- Malaysia (113.5 tons)
- Japan (60.7 tons)
This report provides an in-depth analysis of the non-alloy aluminium bar 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 24422230 - Aluminium bars, rods and profiles (excluding rods and profiles prepared for use in structures)
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
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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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