Price for Chain; Articulated Link, Roller, of Iron or Steel in South Korea - 2022

Contents:

1. Price for Chain; Articulated Link, Roller, of Iron or Steel in South Korea (CIF) - 2022
2. Price for Chain; Articulated Link, Roller, of Iron or Steel in South Korea (FOB) - 2022
3. Imports of Chain; Articulated Link, Roller, of Iron or Steel in South Korea
4. Exports of Chain; Articulated Link, Roller, of Iron or Steel in South Korea

Price for Chain; Articulated Link, Roller, of Iron or Steel in South Korea (CIF) - 2022

In December 2022, the average import price for chain; articulated link, roller, of iron or steel amounted to $5,575 per ton, waning by -21.1% against the previous month. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in November 2022 when the average import price increased by 36% m-o-m. As a result, import price attained the peak level of $7,066 per ton, and then shrank rapidly in the following month.

Prices varied noticeably by the country of origin: the country with the highest price was Germany ($21,541 per ton), while the price for China ($2,851 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 (+3.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Chain; Articulated Link, Roller, of Iron or Steel in South Korea (FOB) - 2022

In 2022, the average export price for chain; articulated link, roller, of iron or steel amounted to $8,434 per ton, growing by 5.1% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.6%. The pace of growth appeared the most rapid in 2016 an increase of 26%. Over the period under review, the average export prices attained the maximum at $9,439 per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Uzbekistan ($22,214 per ton), while the average price for exports to Vietnam ($5,942 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 Mexico (+15.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Chain; Articulated Link, Roller, of Iron or Steel in South Korea

In 2022, the amount of chain; articulated link, roller, of iron or steel imported into South Korea declined modestly to 7.1K tons, therefore, remained relatively stable against the previous year's figure. The total import volume increased at an average annual rate of +4.3% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 25%. As a result, imports reached the peak of 7.1K tons, leveling off in the following year.

In value terms, imports of chain; articulated link, roller, of iron or steel dropped to $37M in 2022. The total import value increased at an average annual rate of +1.6% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when imports increased by 26% against the previous year. As a result, imports attained the peak of $41M, and then shrank in the following year.

Top Suppliers of Chain; Articulated Link, Roller, of Iron or Steel to South Korea in 2022:

1. China (5.1K tons)
2. Japan (1.4K tons)
3. Germany (0.4K tons)

Exports of Chain; Articulated Link, Roller, of Iron or Steel in South Korea

In 2022, after two years of decline, there was significant growth in overseas shipments of chain; articulated link, roller, of iron or steel, when their volume increased by 27% to 1.6K tons. Over the period under review, exports, however, continue to indicate a slight downturn.

In value terms, exports of chain; articulated link, roller, of iron or steel soared to $14M in 2022. Overall, exports, however, recorded a relatively flat trend pattern.

Top Export Markets for Chain; Articulated Link, Roller, of Iron or Steel from South Korea in 2022:

1. China (608.5 tons)
2. Japan (413.4 tons)
3. Vietnam (106.0 tons)
4. Philippines (99.9 tons)
5. Uzbekistan (78.6 tons)
6. United States (74.7 tons)
7. Mexico (48.4 tons)
8. France (20.0 tons)
9. Thailand (19.9 tons)

Source: IndexBox Market Intelligence Platform