Price for Copper; Bars, Rods and Profiles, of Copper-Zinc Base Alloys (Brass) in South Korea - 2022
Contents:
- Price for Copper; Bars, Rods and Profiles, of Copper-Zinc Base Alloys (Brass) in South Korea (FOB) - 2022
- Price for Copper; Bars, Rods and Profiles, of Copper-Zinc Base Alloys (Brass) in South Korea (CIF) - 2022
- Exports of Copper; Bars, Rods and Profiles, of Copper-Zinc Base Alloys (Brass) in South Korea
- Imports of Copper; Bars, Rods and Profiles, of Copper-Zinc Base Alloys (Brass) in South Korea
Price for Copper; Bars, Rods and Profiles, of Copper-Zinc Base Alloys (Brass) in South Korea (FOB) - 2022
The average export price for copper; bars, rods and profiles, of copper-zinc base alloys (brass)s stood at $7,132 per ton in 2022, growing by 4.1% against the previous year. In general, export price indicated modest growth from 2012 to 2022: its price increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for copper; bars, rods and profiles, of copper-zinc base alloys (brass)s increased by +48.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average export price increased by 42%. The export price peaked in 2022 and is expected to retain growth in the near future.
Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Australia ($8,062 per ton) and Hong Kong SAR ($7,542 per ton), while the average price for exports to Thailand ($6,721 per ton) and Taiwan (Chinese) ($6,796 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+2.6%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Copper; Bars, Rods and Profiles, of Copper-Zinc Base Alloys (Brass) in South Korea (CIF) - 2022
In 2022, the average import price for copper; bars, rods and profiles, of copper-zinc base alloys (brass)s amounted to $8,481 per ton, picking up by 44% against the previous year. Over the period under review, import price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for copper; bars, rods and profiles, of copper-zinc base alloys (brass)s increased by +53.2% against 2020 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
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 ($10,991 per ton), while the price for China ($4,886 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Greece (+11.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Copper; Bars, Rods and Profiles, of Copper-Zinc Base Alloys (Brass) in South Korea
In 2022, after three years of growth, there was decline in overseas shipments of copper; bars, rods and profiles, of copper-zinc base alloys (brass)s, when their volume decreased by -0.7% to 50K tons. The total export volume increased at an average annual rate of +4.3% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when exports increased by 9%.
In value terms, exports of copper; bars, rods and profiles, of copper-zinc base alloys (brass)s expanded to $359M in 2022. Overall, total exports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +16.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +59.5% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 49%. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in years to come.
| Export of Copper; Bars, Rods and Profiles, of Copper-Zinc Base Alloys (Brass) in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 66.5 | 65.5 | 108 | 87.0 | 9.4% |
| Thailand | 33.7 | 38.8 | 40.5 | 62.5 | 22.9% |
| United States | 40.6 | 31.4 | 52.8 | 43.8 | 2.6% |
| Vietnam | 17.7 | 16.7 | 23.7 | 30.3 | 19.6% |
| Singapore | 8.3 | 8.2 | 20.1 | 29.7 | 53.0% |
| Malaysia | 9.9 | 11.7 | 20.6 | 20.1 | 26.6% |
| Taiwan (Chinese) | 9.8 | 12.2 | 19.8 | 19.7 | 26.2% |
| India | 5.3 | 10.5 | 10.1 | 18.0 | 50.3% |
| Hong Kong SAR | 9.6 | 11.1 | 20.7 | 2.7 | -34.5% |
| Others | 23.7 | 26.8 | 31.0 | 45.5 | 24.3% |
| Total | 225 | 233 | 348 | 359 | 16.9% |
Top Export Markets for Copper; Bars, Rods and Profiles, of Copper-Zinc Base Alloys (Brass) from South Korea in 2022:
- China (12.2K tons)
- Thailand (9.3K tons)
- United States (5.8K tons)
- Vietnam (4.1K tons)
- Singapore (3.9K tons)
- Taiwan (Chinese) (2.9K tons)
- Malaysia (2.8K tons)
- India (2.6K tons)
- Hong Kong SAR (0.4K tons)
Imports of Copper; Bars, Rods and Profiles, of Copper-Zinc Base Alloys (Brass) in South Korea
After three years of growth, overseas purchases of copper; bars, rods and profiles, of copper-zinc base alloys (brass)s decreased by -39.6% to 1.5K tons in 2022. Overall, imports, however, saw a strong increase. The most prominent rate of growth was recorded in 2021 when imports increased by 85% against the previous year. As a result, imports reached the peak of 2.5K tons, and then declined notably in the following year.
In value terms, imports of copper; bars, rods and profiles, of copper-zinc base alloys (brass)s declined to $13M in 2022. Over the period under review, imports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 97% against the previous year. As a result, imports attained the peak of $15M, and then fell in the following year.
| Import of Copper; Bars, Rods and Profiles, of Copper-Zinc Base Alloys (Brass) in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Greece | 1.5 | 3.1 | 8.8 | 8.8 | 80.4% |
| Japan | 1.9 | 0.9 | 2.5 | 2.0 | 1.7% |
| Indonesia | 1.0 | 1.2 | 1.2 | 0.9 | -3.5% |
| United States | N/A | 0.3 | 0.3 | 0.3 | 0.0% |
| China | 0.5 | 1.2 | 0.1 | 0.3 | -15.7% |
| Malaysia | 1.2 | 0.6 | 0.8 | 0.1 | -56.3% |
| Thailand | N/A | N/A | 0.2 | 0.1 | -50.0% |
| Taiwan (Chinese) | 0.7 | 0.1 | 0.1 | N/A | -62.2% |
| Others | 0.2 | 0.1 | 0.8 | 0.3 | 14.5% |
| Total | 7.1 | 7.5 | 14.7 | 12.8 | 21.7% |
Top Suppliers of Copper; Bars, Rods and Profiles, of Copper-Zinc Base Alloys (Brass) to South Korea in 2022:
- Greece (1028.4 tons)
- Japan (204.5 tons)
- Indonesia (136.5 tons)
- China (53.3 tons)
- United States (29.0 tons)
- Thailand (23.2 tons)
- Malaysia (23.0 tons)
- Taiwan (Chinese) (0.1 tons)
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