Price for Cupro-Nickel and Nickel Silver Tubes and Pipes in South Korea - 2022
Contents:
- Price for Cupro-Nickel and Nickel Silver Tubes and Pipes in South Korea (FOB) - 2022
- Price for Cupro-Nickel and Nickel Silver Tubes and Pipes in South Korea (CIF) - 2022
- Exports of Cupro-Nickel and Nickel Silver Tubes and Pipes in South Korea
- Imports of Cupro-Nickel and Nickel Silver Tubes and Pipes in South Korea
Price for Cupro-Nickel and Nickel Silver Tubes and Pipes in South Korea (FOB) - 2022
The average export price for tubes and pipes of copper-nickel base alloys (cupro-nickel) or copper-nickel-zinc base alloys (nickel silver) stood at $15,286 per ton in December 2022, waning by -14% against the previous month. Over the period under review, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in July 2022 when the average export price increased by 9.3% m-o-m. Over the period under review, the average export prices reached the maximum at $19,657 per ton in October 2022; however, from November 2022 to December 2022, the export prices failed to regain momentum.
Average prices varied somewhat for the major foreign markets. In December 2022, the highest price was recorded for prices to the United Arab Emirates ($16,978 per ton) and China ($16,705 per ton), while the average price for exports to Italy ($12,828 per ton) and Germany ($12,863 per ton) were amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+2.5%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Cupro-Nickel and Nickel Silver Tubes and Pipes in South Korea (CIF) - 2022
The average import price for tubes and pipes of copper-nickel base alloys (cupro-nickel) or copper-nickel-zinc base alloys (nickel silver) stood at $14,308 per ton in 2022, increasing by 12% against the previous year. Over the period under review, import price indicated a slight increase from 2012 to 2022: its price increased at an average annual rate of +1.3% 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 tubes and pipes of copper-nickel base alloys (cupro-nickel) or copper-nickel-zinc base alloys (nickel silver) increased by +41.9% against 2018 indices. The most prominent rate of growth was recorded in 2019 when the average import price increased by 61%. The import price peaked at $16,515 per ton in 2017; however, from 2018 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($43,505 per ton), while the price for China ($10,833 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+8.5%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Cupro-Nickel and Nickel Silver Tubes and Pipes in South Korea
In 2022, exports of tubes and pipes of copper-nickel base alloys (cupro-nickel) or copper-nickel-zinc base alloys (nickel silver) from South Korea expanded significantly to 1.9K tons, picking up by 13% on the previous year's figure. Over the period under review, exports, however, showed a deep contraction.
In value terms, exports of tubes and pipes of copper-nickel base alloys (cupro-nickel) or copper-nickel-zinc base alloys (nickel silver) surged to $33M in 2022. The total export value increased at an average annual rate of +7.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Cupro-Nickel and Nickel Silver Tubes and Pipes in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 8.3 | 9.3 | 7.5 | 15.7 | 23.7% |
| China | 5.1 | 2.1 | 5.3 | 4.1 | -7.0% |
| Singapore | 1.5 | 2.8 | 2.8 | 3.1 | 27.4% |
| Taiwan (Chinese) | 1.9 | 2.8 | 1.3 | 2.3 | 6.6% |
| India | 0.1 | 1.0 | 0.2 | 1.0 | 115.4% |
| Russia | 0.2 | 0.4 | 0.8 | 0.9 | 65.1% |
| Canada | 0.2 | 0.2 | 0.1 | 0.8 | 58.7% |
| United Arab Emirates | 0.4 | 0.2 | 0.5 | 0.8 | 26.0% |
| Thailand | N/A | N/A | 0.1 | 0.6 | 500.0% |
| Italy | 1.0 | 0.5 | 0.2 | 0.4 | -26.3% |
| Malaysia | 0.5 | 2.0 | 1.4 | 0.3 | -15.7% |
| Belgium | 1.6 | 1.8 | 1.9 | 0.2 | -50.0% |
| Germany | 1.8 | 1.9 | 1.4 | 0.2 | -51.9% |
| Others | 4.2 | 3.3 | 2.1 | 2.7 | -13.7% |
| Total | 26.9 | 28.3 | 25.5 | 33.3 | 7.4% |
Top Export Markets for Cupro-Nickel and Nickel Silver Tubes and Pipes from South Korea in 2022:
- United States (907.4 tons)
- China (252.5 tons)
- Singapore (198.7 tons)
- Taiwan (Chinese) (102.3 tons)
- Russia (54.7 tons)
- India (52.5 tons)
- Canada (51.2 tons)
- United Arab Emirates (48.4 tons)
- Thailand (30.6 tons)
- Italy (30.2 tons)
- Germany (18.4 tons)
- Malaysia (16.2 tons)
- Belgium (12.8 tons)
Imports of Cupro-Nickel and Nickel Silver Tubes and Pipes in South Korea
After two years of decline, purchases abroad of tubes and pipes of copper-nickel base alloys (cupro-nickel) or copper-nickel-zinc base alloys (nickel silver) increased by 8.3% to 906 tons in 2022. Over the period under review, imports, however, recorded a deep contraction.
In value terms, imports of tubes and pipes of copper-nickel base alloys (cupro-nickel) or copper-nickel-zinc base alloys (nickel silver) soared to $13M in 2022. In general, imports, however, saw a deep contraction.
| Import of Cupro-Nickel and Nickel Silver Tubes and Pipes in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 9.9 | 10.7 | 10.4 | 8.0 | -6.9% |
| Germany | 0.5 | 0.1 | N/A | 3.6 | 93.1% |
| France | N/A | N/A | N/A | 1.1 | 0% |
| United States | 9.0 | 0.4 | N/A | 0.1 | -77.7% |
| Others | 0.2 | 1.0 | 0.3 | 0.2 | 0.0% |
| Total | 19.6 | 12.1 | 10.6 | 13.0 | -12.8% |
Top Suppliers of Cupro-Nickel and Nickel Silver Tubes and Pipes to South Korea in 2022:
- China (734.6 tons)
- Germany (83.6 tons)
- France (79.2 tons)
- United States (1.4 tons)
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