Price for Aluminium; Alloys, Hollow Profiles in South Korea - 2022
Contents:
- Price for Aluminium; Alloys, Hollow Profiles in South Korea (FOB) - 2022
- Price for Aluminium; Alloys, Hollow Profiles in South Korea (CIF) - 2022
- Exports of Aluminium; Alloys, Hollow Profiles in South Korea
- Imports of Aluminium; Alloys, Hollow Profiles in South Korea
Price for Aluminium; Alloys, Hollow Profiles in South Korea (FOB) - 2022
In December 2022, the average aluminium; alloys, hollow profiles export price amounted to $5,848 per ton, which is down by -19.5% against the previous month. Overall, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in October 2022 when the average export price increased by 22% against the previous month. The export price peaked at $7,261 per ton in November 2022, and then fell rapidly in the following month.
There were significant differences in the average prices for the major overseas markets. In December 2022, the country with the highest price was the United States ($11,441 per ton), while the average price for exports to Vietnam ($3,911 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 the United States (+7.1%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Aluminium; Alloys, Hollow Profiles in South Korea (CIF) - 2022
The average aluminium; alloys, hollow profiles import price stood at $3,983 per ton in December 2022, waning by -6.7% against the previous month. Overall, the import price showed a slight descent. The most prominent rate of growth was recorded in February 2022 when the average import price increased by 11% against the previous month. As a result, import price reached the peak level of $5,014 per ton. From March 2022 to December 2022, the average import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Vietnam ($14,922 per ton), while the price for China ($3,784 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 Vietnam (+16.2%), while the prices for the other major suppliers experienced a decline.
Exports of Aluminium; Alloys, Hollow Profiles in South Korea
Aluminium; alloys, hollow profiles exports from South Korea surged to 23K tons in 2022, growing by 88% compared with the previous year. Over the period under review, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 103% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.
In value terms, aluminium; alloys, hollow profiles exports skyrocketed to $127M in 2022. In general, exports posted a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 106%. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.
| Export of Aluminium; Alloys, Hollow Profiles in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 19.1 | 11.3 | 26.2 | 35.5 | 23.0% |
| United States | 7.7 | 2.2 | 4.4 | 27.3 | 52.5% |
| Vietnam | 12.8 | 8.9 | 8.7 | 21.8 | 19.4% |
| North Macedonia | N/A | N/A | 0.2 | 10.5 | 5150.0% |
| India | 6.1 | 1.9 | 6.3 | 10.1 | 18.3% |
| Mexico | 0.6 | 0.5 | 4.9 | 6.7 | 123.5% |
| Thailand | 9.0 | 3.8 | 8.7 | 6.5 | -10.3% |
| Japan | 5.6 | 1.7 | 3.1 | 2.9 | -19.7% |
| China | 6.2 | 1.7 | 3.1 | 0.9 | -47.4% |
| Others | 4.8 | 2.1 | 4.5 | 4.4 | -2.9% |
| Total | 71.9 | 34.1 | 70.1 | 127 | 20.9% |
Top Export Markets for Aluminium; Alloys, Hollow Profiles from South Korea in 2022:
- Poland (5.4K tons)
- Vietnam (5.1K tons)
- United States (4.7K tons)
- North Macedonia (2.4K tons)
- India (1.7K tons)
- Thailand (1.2K tons)
- Mexico (1.1K tons)
- Japan (0.5K tons)
- China (0.1K tons)
Imports of Aluminium; Alloys, Hollow Profiles in South Korea
Aluminium; alloys, hollow profiles imports into South Korea skyrocketed to 7.1K tons in 2022, growing by 39% compared with the previous year's figure. Over the period under review, imports, however, continue to indicate a deep setback.
In value terms, aluminium; alloys, hollow profiles imports skyrocketed to $32M in 2022. Overall, imports, however, continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 53%.
| Import of Aluminium; Alloys, Hollow Profiles in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 20.7 | 11.8 | 18.3 | 27.2 | 9.5% |
| Vietnam | 19.6 | 0.3 | 0.2 | 1.6 | -56.6% |
| Denmark | 0.6 | 0.6 | 1.0 | 0.8 | 10.1% |
| Others | 1.9 | 1.4 | 2.1 | 2.3 | 6.6% |
| Total | 42.8 | 14.1 | 21.6 | 31.9 | -9.3% |
Top Suppliers of Aluminium; Alloys, Hollow Profiles to South Korea in 2022:
- China (6.4K tons)
- Vietnam (0.4K tons)
- Denmark (0.1K tons)
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