Price for Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in South Korea - 2022
Contents:
- Price for Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in South Korea (FOB) - 2022
- Price for Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in South Korea (CIF) - 2022
- Exports of Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in South Korea
- Imports of Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in South Korea
Price for Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in South Korea (FOB) - 2022
In December 2022, the average export price for aluminium; alloys, bars, rods and profiles, other than hollows amounted to $5,260 per ton, increasing by 18% against the previous month. Overall, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in February 2022 when the average export price increased by 19% month-to-month. As a result, the export price reached the peak level of $5,848 per ton. From March 2022 to December 2022, the the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In December 2022, the country with the highest price was the United States ($7,434 per ton), while the average price for exports to Malaysia ($3,814 per ton) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (+2.1%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in South Korea (CIF) - 2022
In December 2022, the average import price for aluminium; alloys, bars, rods and profiles, other than hollows amounted to $9,217 per ton, growing by 18% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +4.6%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($12,521 per ton), while the price for Vietnam ($4,580 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 Russia (+2.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in South Korea
For the third consecutive year, South Korea recorded decline in overseas shipments of aluminium; alloys, bars, rods and profiles, other than hollows, which decreased by -15.2% to 18K tons in 2022. Over the period under review, exports continue to indicate a abrupt slump. The smallest decline of -2.6% was in 2021.
In value terms, exports of aluminium; alloys, bars, rods and profiles, other than hollows expanded slightly to $93M in 2022. Overall, exports recorded a pronounced curtailment. The pace of growth was the most pronounced in 2021 with an increase of 6.3%.
| Export of Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 8.9 | 10.7 | 10.3 | 18.3 | 27.2% |
| Malaysia | 20.5 | 11.9 | 16.6 | 15.8 | -8.3% |
| United States | 15.0 | 14.9 | 12.3 | 14.3 | -1.6% |
| China | 22.2 | 17.0 | 10.9 | 9.0 | -26.0% |
| India | 3.5 | 6.4 | 12.4 | 8.6 | 34.9% |
| Japan | 16.3 | 13.9 | 13.8 | 8.2 | -20.5% |
| Germany | 2.6 | 1.4 | 0.7 | 4.0 | 15.4% |
| Others | 13.1 | 7.6 | 12.0 | 14.4 | 3.2% |
| Total | 102 | 83.8 | 89.1 | 92.7 | -3.1% |
Top Export Markets for Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow from South Korea in 2022:
- Malaysia (4.4K tons)
- Vietnam (4.1K tons)
- India (1.9K tons)
- Japan (1.7K tons)
- United States (1.7K tons)
- China (1.4K tons)
- Germany (0.8K tons)
Imports of Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in South Korea
In 2022, approx. 12K tons of aluminium; alloys, bars, rods and profiles, other than hollows were imported into South Korea; remaining relatively unchanged against the year before. In general, imports, however, saw a abrupt setback. The most prominent rate of growth was recorded in 2020 when imports increased by 0.9%. As a result, imports reached the peak of 18K tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of aluminium; alloys, bars, rods and profiles, other than hollows soared to $87M in 2022. Over the period under review, imports, however, continue to indicate a abrupt slump.
| Import of Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 48.2 | 36.9 | 14.5 | 27.4 | -17.2% |
| Germany | 16.4 | 13.8 | 5.5 | 15.5 | -1.9% |
| Vietnam | 27.9 | 30.0 | 22.6 | 15.3 | -18.1% |
| China | 9.9 | 9.4 | 11.8 | 15.2 | 15.4% |
| Japan | 1.1 | 4.8 | 6.4 | 3.8 | 51.2% |
| Russia | 1.6 | 2.6 | 1.4 | 2.1 | 9.5% |
| Others | 4.2 | 4.3 | 5.4 | 7.9 | 23.4% |
| Total | 109 | 102 | 67.6 | 87.2 | -7.2% |
Top Suppliers of Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow to South Korea in 2022:
- China (3.4K tons)
- Vietnam (3.0K tons)
- United States (2.4K tons)
- Germany (1.5K tons)
- Japan (0.6K tons)
- Russia (0.4K tons)
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