Price for Carbonaceous Pastes for Electrodes and Furnace Linings in South Korea - 2022

Contents:

1. Price for Carbonaceous Pastes for Electrodes and Furnace Linings in South Korea (CIF) - 2022
2. Price for Carbonaceous Pastes for Electrodes and Furnace Linings in South Korea (FOB) - 2022
3. Imports of Carbonaceous Pastes for Electrodes and Furnace Linings in South Korea
4. Exports of Carbonaceous Pastes for Electrodes and Furnace Linings in South Korea

Price for Carbonaceous Pastes for Electrodes and Furnace Linings in South Korea (CIF) - 2022

The average import price for carbonaceous pastes for electrodes and furnace linings stood at $1,191 per ton in 2022, rising by 38% against the previous year. Overall, the import price saw a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($1,930 per ton), while the price for China ($1,138 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+4.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Carbonaceous Pastes for Electrodes and Furnace Linings in South Korea (FOB) - 2022

In 2022, the average export price for carbonaceous pastes for electrodes and furnace linings amounted to $2,389 per ton, shrinking by -56.2% against the previous year. In general, the export price, however, recorded strong growth. The most prominent rate of growth was recorded in 2013 when the average export price increased by 2,606% against the previous year. As a result, the export price attained the peak level of $29,872 per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

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 China ($9,549 per ton), while the average price for exports to Georgia totaled $1,160 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+16.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Carbonaceous Pastes for Electrodes and Furnace Linings in South Korea

Imports of carbonaceous pastes for electrodes and furnace linings into South Korea declined markedly to 16K tons in 2022, waning by -17.1% compared with 2021. Over the period under review, imports recorded a perceptible shrinkage. The pace of growth appeared the most rapid in 2021 when imports increased by 9.5% against the previous year. As a result, imports reached the peak of 19K tons, and then shrank dramatically in the following year.

In value terms, imports of carbonaceous pastes for electrodes and furnace linings stood at $19M in 2022. The total import value increased at an average annual rate of +6.6% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Carbonaceous Pastes for Electrodes and Furnace Linings to South Korea in 2022:

1. China (10.4K tons)
2. Norway (2.5K tons)
3. South Africa (2.1K tons)
4. Japan (0.5K tons)

Exports of Carbonaceous Pastes for Electrodes and Furnace Linings in South Korea

For the fourth year in a row, South Korea recorded growth in overseas shipments of carbonaceous pastes for electrodes and furnace linings, which increased by 30% to 76 tons in 2022. Overall, exports saw a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 171% against the previous year. Over the period under review, the exports of attained the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, exports of carbonaceous pastes for electrodes and furnace linings dropped dramatically to $181K in 2022. In general, exports, however, showed a abrupt decline. The most prominent rate of growth was recorded in 2021 with an increase of 22% against the previous year. As a result, the exports reached the peak of $316K, and then shrank rapidly in the following year.

Top Export Markets for Carbonaceous Pastes for Electrodes and Furnace Linings from South Korea in 2022:

1. Georgia (64.7 tons)
2. China (10.9 tons)

Source: IndexBox Market Intelligence Platform