Price for Cement of Hydraulic Kinds in South Korea - 2022
Contents:
- Price for Cement of Hydraulic Kinds in South Korea (CIF) - 2022
- Price for Cement of Hydraulic Kinds in South Korea (FOB) - 2022
- Imports of Cement of Hydraulic Kinds in South Korea
- Exports of Cement of Hydraulic Kinds in South Korea
Price for Cement of Hydraulic Kinds in South Korea (CIF) - 2022
The average cement of hydraulic kinds import price stood at $713 per ton in 2022, increasing by 37% against the previous year. Over the period under review, the import price, however, continues to indicate a pronounced reduction. The import price peaked at $1,256 per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($1,362 per ton), while the price for China ($237 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+2.7%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Cement of Hydraulic Kinds in South Korea (FOB) - 2022
The average cement of hydraulic kinds export price stood at $406 per ton in 2022, remaining relatively unchanged against the previous year. Over the period under review, the export price, however, recorded resilient growth. The most prominent rate of growth was recorded in 2015 an increase of 95% against the previous year. Over the period under review, the average export prices attained the peak figure at $408 per ton in 2021, and then dropped modestly in the following year.
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 the United States ($1,423 per ton), while the average price for exports to Vanuatu ($94 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 the United States (+11.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Cement of Hydraulic Kinds in South Korea
In 2022, purchases abroad of cement of hydraulic kindses decreased by -26.1% to 934 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, saw a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 109% against the previous year. As a result, imports reached the peak of 1.3K tons, and then fell markedly in the following year.
In value terms, cement of hydraulic kinds imports stood at $666K in 2022. Overall, imports, however, saw significant growth. The pace of growth was the most pronounced in 2021 when imports increased by 76%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in years to come.
| Import of Cement of Hydraulic Kinds in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 182 | 218 | 172 | 432 | 33.4% |
| United States | 33.1 | 30.5 | 1.1 | 156 | 67.7% |
| China | 4.7 | 24.1 | 13.4 | 28.7 | 82.8% |
| France | 18.8 | 51.7 | 45.6 | 20.3 | 2.6% |
| Others | 15.3 | 48.1 | 424 | 29.1 | 23.9% |
| Total | 254 | 372 | 657 | 666 | 37.9% |
Top Suppliers of Cement of Hydraulic Kinds to South Korea in 2022:
- Japan (631.7 tons)
- China (120.9 tons)
- United States (114.4 tons)
- France (54.0 tons)
Exports of Cement of Hydraulic Kinds in South Korea
For the third year in a row, South Korea recorded decline in overseas shipments of cement of hydraulic kindses, which decreased by -46% to 598 tons in 2022. Over the period under review, exports showed a precipitous shrinkage. The smallest decline of -3.9% was in 2021.
In value terms, cement of hydraulic kinds exports contracted notably to $243K in 2022. Overall, exports recorded a sharp shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 18% against the previous year.
| Export of Cement of Hydraulic Kinds in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 32.4 | 144 | 140 | 88.0 | 39.5% |
| Russia | 126 | 61.0 | 119 | 37.9 | -33.0% |
| India | 1.3 | 47.4 | 26.6 | 31.6 | 189.7% |
| Mongolia | 3.7 | 0.3 | 9.5 | 20.5 | 77.0% |
| Northern Mariana Islands | 0.6 | N/A | 2.5 | 8.5 | 142.0% |
| United Arab Emirates | 32.0 | 26.8 | 26.4 | 8.3 | -36.2% |
| Vietnam | 43.7 | 14.4 | 11.2 | 5.5 | -49.9% |
| Vanuatu | 0.3 | 14.0 | 1.6 | 3.0 | 115.4% |
| Singapore | 23.7 | 23.7 | N/A | 1.4 | -61.1% |
| Hong Kong SAR | 70.8 | N/A | 14.2 | N/A | -55.2% |
| Australia | 72.4 | N/A | N/A | N/A | 0% |
| Others | 107 | 51.0 | 102 | 38.1 | -29.1% |
| Total | 514 | 383 | 453 | 243 | -22.1% |
Top Export Markets for Cement of Hydraulic Kinds from South Korea in 2022:
- Russia (333.6 tons)
- Mongolia (98.7 tons)
- United States (61.8 tons)
- Northern Mariana Islands (48.0 tons)
- Vanuatu (32.0 tons)
- India (29.3 tons)
- United Arab Emirates (17.1 tons)
- Vietnam (10.6 tons)
- Singapore (3.5 tons)
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