Price for Carbides; of Silicon, Whether or Not Chemically Defined in South Korea - 2022
Contents:
- Price for Carbides; of Silicon, Whether or Not Chemically Defined in South Korea (CIF) - 2022
- Price for Carbides; of Silicon, Whether or Not Chemically Defined in South Korea (FOB) - 2022
- Imports of Carbides; of Silicon, Whether or Not Chemically Defined in South Korea
- Exports of Carbides; of Silicon, Whether or Not Chemically Defined in South Korea
Price for Carbides; of Silicon, Whether or Not Chemically Defined in South Korea (CIF) - 2022
The average import price for carbides; of silicon, whether or not chemically defineds stood at $1,557 per ton in December 2022, picking up by 8.4% against the previous month. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in February 2022 when the average import price increased by 16% m-o-m. The import price peaked at $1,842 per ton in June 2022; however, from July 2022 to December 2022, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In December 2022, the country with the highest price was Japan ($6,365 per ton), while the price for Vietnam ($1,148 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 (+3.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Carbides; of Silicon, Whether or Not Chemically Defined in South Korea (FOB) - 2022
In 2022, the average export price for carbides; of silicon, whether or not chemically defineds amounted to $5,186 per ton, surging by 119% against the previous year. Overall, the export price recorded a prominent expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($6,141 per ton), while the average price for exports to Vietnam ($2,011 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 Germany (+15.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Carbides; of Silicon, Whether or Not Chemically Defined in South Korea
In 2022, overseas purchases of carbides; of silicon, whether or not chemically defineds decreased by -14.1% to 53K tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +5.8% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 29%. As a result, imports attained the peak of 62K tons, and then dropped in the following year.
In value terms, imports of carbides; of silicon, whether or not chemically defineds expanded notably to $85M in 2022. Over the period under review, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +17.0% 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 +61.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 41%. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Carbides; of Silicon, Whether or Not Chemically Defined in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 34.5 | 34.8 | 55.2 | 63.9 | 22.8% |
| Vietnam | 8.2 | 5.6 | 7.4 | 9.7 | 5.8% |
| Japan | 3.3 | 3.4 | 3.3 | 4.6 | 11.7% |
| Russia | 1.3 | 1.5 | 1.0 | 0.9 | -11.5% |
| Others | 5.5 | 7.0 | 7.1 | 5.7 | 1.2% |
| Total | 52.9 | 52.4 | 73.9 | 84.7 | 17.0% |
Top Suppliers of Carbides; of Silicon, Whether or Not Chemically Defined to South Korea in 2022:
- China (43.4K tons)
- Vietnam (7.4K tons)
- Japan (1.1K tons)
- Russia (0.8K tons)
Exports of Carbides; of Silicon, Whether or Not Chemically Defined in South Korea
In 2022, overseas shipments of carbides; of silicon, whether or not chemically defineds decreased by -12.8% to 320 tons, falling for the second year in a row after two years of growth. Overall, exports, however, posted a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 251%. As a result, the exports attained the peak of 453 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of carbides; of silicon, whether or not chemically defineds soared to $1.7M in 2022. In general, exports, however, showed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Carbides; of Silicon, Whether or Not Chemically Defined in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 73.6 | 90.5 | 127 | 1,102 | 146.5% |
| Japan | 85.7 | 40.6 | 22.9 | 152 | 21.0% |
| Indonesia | 37.0 | 30.4 | 35.0 | 76.0 | 27.1% |
| United States | 105 | 167 | 115 | 34.1 | -31.3% |
| France | N/A | N/A | N/A | 30.4 | 0% |
| Vietnam | 54.3 | 300 | 262 | 27.0 | -20.8% |
| Germany | N/A | N/A | 67.1 | N/A | 0% |
| Others | 28.4 | 8.9 | 238 | 239 | 103.4% |
| Total | 384 | 638 | 868 | 1,660 | 62.9% |
Top Export Markets for Carbides; of Silicon, Whether or Not Chemically Defined from South Korea in 2022:
- China (242.4 tons)
- Japan (24.8 tons)
- Indonesia (22.0 tons)
- Vietnam (13.4 tons)
- United States (6.3 tons)
- France (5.7 tons)
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