Republic of Korea - Compounds Of Rare-Earth Metals, Of Yttrium Or Of Scandium Or Mixtures Of These Metals - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Compounds of Rare-Earth Metals in South Korea - 2022
Contents:
- Price for Compounds of Rare-Earth Metals in South Korea (CIF) - 2022
- Price for Compounds of Rare-Earth Metals in South Korea (FOB) - 2022
- Imports of Compounds of Rare-Earth Metals in South Korea
- Exports of Compounds of Rare-Earth Metals in South Korea
Price for Compounds of Rare-Earth Metals in South Korea (CIF) - 2022
The average compounds of rare-earth metals import price stood at $28,735 per ton in 2022, picking up by 11% against the previous year. Overall, the import price, however, saw a noticeable reduction. The pace of growth was the most pronounced in 2018 when the average import price increased by 22% against the previous year. Over the period under review, average import prices attained the maximum at $40,647 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
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 Taiwan (Chinese) ($66,374 per ton), while the price for India ($4,377 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+8.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Compounds of Rare-Earth Metals in South Korea (FOB) - 2022
The average compounds of rare-earth metals export price stood at $62,592 per ton in 2022, picking up by 7.4% against the previous year. Over the period under review, the export price recorded a remarkable increase. The most prominent rate of growth was recorded in 2017 when the average export price increased by 274% against the previous year. Over the period under review, the average export prices hit record highs at $73,236 per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Philippines ($372,363 per ton), while the average price for exports to Germany ($3,608 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 Norway (+48.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Compounds of Rare-Earth Metals in South Korea
In 2022, compounds of rare-earth metals imports into South Korea dropped to 3.3K tons, with a decrease of -5.8% on the year before. Overall, imports saw a slight descent. The most prominent rate of growth was recorded in 2021 when imports increased by 19% against the previous year. As a result, imports attained the peak of 3.5K tons, and then reduced in the following year.
In value terms, compounds of rare-earth metals imports rose to $94M in 2022. The total import value increased at an average annual rate of +10.2% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 34% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.
| Import of Compounds of Rare-Earth Metals in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 31.2 | 19.3 | 44.2 | 43.6 | 11.8% |
| Japan | 20.8 | 29.4 | 27.2 | 27.1 | 9.2% |
| Taiwan (Chinese) | 5.6 | 7.4 | 6.7 | 9.2 | 18.0% |
| France | 8.7 | 7.3 | 7.5 | 8.4 | -1.2% |
| India | 0.7 | 0.6 | 0.5 | 0.6 | -5.0% |
| Others | 3.0 | 2.7 | 3.1 | 4.8 | 17.0% |
| Total | 70.1 | 66.7 | 89.3 | 93.7 | 10.2% |
Top Suppliers of Compounds of Rare-Earth Metals to South Korea in 2022:
- China (1919.4 tons)
- France (614.7 tons)
- Japan (424.3 tons)
- Taiwan (Chinese) (138.6 tons)
- India (137.9 tons)
Exports of Compounds of Rare-Earth Metals in South Korea
Compounds of rare-earth metals exports from South Korea fell dramatically to 354 tons in 2022, dropping by -17.9% compared with the previous year's figure. Over the period under review, exports faced a deep setback. The pace of growth appeared the most rapid in 2021 with an increase of 50%.
In value terms, compounds of rare-earth metals exports declined to $22M in 2022. The total export value increased at an average annual rate of +10.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 28% against the previous year.
| Export of Compounds of Rare-Earth Metals in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 3.5 | 10.0 | 15.3 | 10.5 | 44.2% |
| Norway | 0.8 | 0.3 | N/A | 4.3 | 75.2% |
| United States | 1.5 | 3.1 | 2.3 | 2.1 | 11.9% |
| Germany | 0.4 | 0.7 | 1.2 | 0.9 | 31.0% |
| Philippines | 2.5 | 1.8 | 2.4 | 0.4 | -45.7% |
| Vietnam | 2.8 | N/A | 0.4 | N/A | -62.2% |
| Others | 4.8 | 5.2 | 3.4 | 3.9 | -6.7% |
| Total | 16.5 | 21.0 | 25.1 | 22.1 | 10.2% |
Top Export Markets for Compounds of Rare-Earth Metals from South Korea in 2022:
- Germany (246.6 tons)
- China (48.1 tons)
- United States (16.1 tons)
- Norway (13.3 tons)
- Vietnam (2.1 tons)
- Philippines (1.0 tons)
This report provides an in-depth analysis of the market for compounds of rare-earth metals 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 20136500 - Compounds of rare-earth metals, of yttrium or of scandium or mixtures of these metals
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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This report provides an in-depth analysis of the market for compounds of rare-earth metals in Republic of Korea.
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This report provides an in-depth analysis of the global market for compounds of rare-earth metals.
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This report provides an in-depth analysis of the market for compounds of rare-earth metals in Republic of Korea.
536
This report provides an in-depth analysis of the global market for compounds of rare-earth metals.
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Explore the top import markets for compounds of rare-earth metals, including key statistics and import values for each country. Discover the importance of these materials in global industries and technology advancements.
