Republic of Korea - Aluminium Casks, Drums, Cans, Boxes and Similar Containers - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Aluminium Cask, Drum, Can, Box and Similar Container in South Korea - 2022
Contents:
- Price for Aluminium Cask, Drum, Can, Box and Similar Container in South Korea (CIF) - 2022
- Price for Aluminium Cask, Drum, Can, Box and Similar Container in South Korea (FOB) - 2022
- Imports of Aluminium Cask, Drum, Can, Box and Similar Container in South Korea
- Exports of Aluminium Cask, Drum, Can, Box and Similar Container in South Korea
Price for Aluminium Cask, Drum, Can, Box and Similar Container in South Korea (CIF) - 2022
The average import price for aluminium casks, drums, cans, boxes and similar containers stood at $245 per thousand units in December 2022, rising by 15% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.1%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In December 2022, the country with the highest price was France ($610 per thousand units), while the price for Belgium ($67.0 per thousand units) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by France (+7.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Aluminium Cask, Drum, Can, Box and Similar Container in South Korea (FOB) - 2022
The average export price for aluminium casks, drums, cans, boxes and similar containers stood at $0.2 per unit in 2022, with an increase of 18% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +4.3%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($0.5 per unit), while the average price for exports to Ireland ($0.1 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+28.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Aluminium Cask, Drum, Can, Box and Similar Container in South Korea
Imports of aluminium casks, drums, cans, boxes and similar containers into South Korea rose sharply to 338M units in 2022, picking up by 14% against 2021. Overall, total imports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +14.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +62.9% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 43% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the near future.
In value terms, imports of aluminium casks, drums, cans, boxes and similar containers skyrocketed to $71M in 2022. In general, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +14.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +60.7% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 37% against the previous year. Over the period under review, imports of reached the peak figure in 2022 and are likely to continue growth in the immediate term.
| Import of Aluminium Cask, Drum, Can, Box and Similar Container in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 11.4 | 11.9 | 29.8 | 40.2 | 52.2% |
| Japan | 25.0 | 22.0 | 18.5 | 14.9 | -15.8% |
| Thailand | 1.1 | 0.9 | 5.0 | 6.2 | 78.0% |
| Spain | 0.2 | 0.2 | 0.3 | 1.2 | 81.7% |
| Ireland | N/A | 0.5 | 0.8 | 0.9 | 34.2% |
| Germany | 1.3 | 0.8 | 0.6 | 0.8 | -14.9% |
| Philippines | 0.3 | 0.2 | 0.1 | 0.6 | 26.0% |
| Belgium | 1.4 | 0.7 | 0.1 | 0.1 | -58.5% |
| Others | 7.5 | 7.2 | 5.5 | 6.3 | -5.6% |
| Total | 48.2 | 44.4 | 60.7 | 71.3 | 13.9% |
Top Suppliers of Aluminium Cask, Drum, Can, Box and Similar Container to South Korea in 2022:
- China (187.7M units)
- Japan (69.6M units)
- Thailand (30.5M units)
- Philippines (13.5M units)
- Ireland (10.5M units)
- Germany (5.5M units)
- Spain (5.4M units)
- Belgium (2.2M units)
Exports of Aluminium Cask, Drum, Can, Box and Similar Container in South Korea
In 2022, shipments abroad of aluminium casks, drums, cans, boxes and similar containers decreased by -61.9% to 72M units, falling for the second consecutive year after two years of growth. Overall, exports faced a abrupt contraction. The pace of growth was the most pronounced in 2020 when exports increased by 61%. As a result, the exports reached the peak of 193M units. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of aluminium casks, drums, cans, boxes and similar containers declined significantly to $17M in 2022. In general, exports recorded a abrupt curtailment. The pace of growth appeared the most rapid in 2020 with an increase of 57%. The exports peaked at $37M in 2021, and then shrank dramatically in the following year.
| Export of Aluminium Cask, Drum, Can, Box and Similar Container in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2.4 | 4.5 | 3.2 | 3.7 | 15.5% |
| United States | 2.6 | 15.5 | 21.8 | 3.3 | 8.3% |
| Netherlands | 1.9 | 2.1 | 2.2 | 2.3 | 6.6% |
| Thailand | 3.1 | 3.5 | 2.8 | 2.0 | -13.6% |
| Japan | 1.7 | 1.8 | 1.8 | 1.0 | -16.2% |
| Ireland | 1.1 | 0.8 | 1.0 | 0.8 | -10.1% |
| Germany | 1.1 | 0.6 | 0.4 | 0.6 | -18.3% |
| Philippines | 1.7 | 0.6 | 1.0 | 0.5 | -33.5% |
| Vietnam | 4.3 | 3.7 | 1.3 | 0.2 | -64.0% |
| Others | 2.9 | 2.9 | 1.9 | 2.5 | -4.8% |
| Total | 22.8 | 35.9 | 37.5 | 16.8 | -9.7% |
Top Export Markets for Aluminium Cask, Drum, Can, Box and Similar Container from South Korea in 2022:
- China (14.5M units)
- Thailand (11.9M units)
- Ireland (9.6M units)
- United States (9.0M units)
- Netherlands (6.1M units)
- Germany (5.6M units)
- Japan (4.7M units)
- Philippines (2.1M units)
- Vietnam (0.6M units)
This report provides an in-depth analysis of the market for aluminium cask, drum, can, box and similar container 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 25921240 - Casks, drums, cans, boxes and similar containers, of aluminium, for any material (other than compressed or liquefied gas), n.e.s. (other than collapsible tubular containers and containers for aerosols)
- Prodcom 25921260 - Aluminium aerosol containers, with a capacity . .300 litres
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
-
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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