Price for Electric Accumulators; Nickel-Iron, Including Separators, Whether or Not Rectangular (Including Square) in South Korea - 2022

Contents:

1. Price for Electric Accumulators; Nickel-Iron, Including Separators, Whether or Not Rectangular (Including Square) in South Korea (CIF) - 2022
2. Price for Electric Accumulators; Nickel-Iron, Including Separators, Whether or Not Rectangular (Including Square) in South Korea (FOB) - 2022
3. Imports of Electric Accumulators; Nickel-Iron, Including Separators, Whether or Not Rectangular (Including Square) in South Korea
4. Exports of Electric Accumulators; Nickel-Iron, Including Separators, Whether or Not Rectangular (Including Square) in South Korea

Price for Electric Accumulators; Nickel-Iron, Including Separators, Whether or Not Rectangular (Including Square) in South Korea (CIF) - 2022

In 2022, the average import price for electric accumulators; nickel-iron, including separators, whether or not rectangular (including square)s amounted to $34 per unit, waning by -38.4% against the previous year. In general, the import price continues to indicate a abrupt contraction. The pace of growth was the most pronounced in 2014 when the average import price increased by 41% against the previous year. As a result, import price reached the peak level of $120 per unit. From 2015 to 2022, the average import prices remained at a somewhat 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 Malaysia ($34 per unit), while the price for Germany ($21 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-0.7%), while the prices for the other major suppliers experienced a decline.

Price for Electric Accumulators; Nickel-Iron, Including Separators, Whether or Not Rectangular (Including Square) in South Korea (FOB) - 2022

In 2022, the average export price for electric accumulators; nickel-iron, including separators, whether or not rectangular (including square)s amounted to $40 per unit, reducing by -13.5% against the previous year. Overall, the export price recorded a noticeable slump. The most prominent rate of growth was recorded in 2016 an increase of 31%. The export price peaked at $57 per unit in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($131 per unit), while the average price for exports to Germany ($1 per unit) 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 Arab Emirates (+47.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Electric Accumulators; Nickel-Iron, Including Separators, Whether or Not Rectangular (Including Square) in South Korea

Imports of electric accumulators; nickel-iron, including separators, whether or not rectangular (including square)s into South Korea skyrocketed to 12K units in 2022, with an increase of 63% on the year before. In general, imports recorded a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 120%. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, imports of electric accumulators; nickel-iron, including separators, whether or not rectangular (including square)s totaled $409K in 2022. Over the period under review, imports showed significant growth. The growth pace was the most rapid in 2020 when imports increased by 182%. Over the period under review, imports of hit record highs in 2022 and are likely to see steady growth in years to come.

Top Suppliers of Electric Accumulators; Nickel-Iron, Including Separators, Whether or Not Rectangular (Including Square) to South Korea in 2022:

1. United States (6.1K units)
2. China (4.3K units)
3. Hong Kong SAR (0.6K units)
4. Philippines (0.4K units)
5. Germany (0.2K units)
6. Thailand (0.2K units)

Exports of Electric Accumulators; Nickel-Iron, Including Separators, Whether or Not Rectangular (Including Square) in South Korea

In 2022, approx. 511 units of electric accumulators; nickel-iron, including separators, whether or not rectangular (including square)s were exported from South Korea; rising by 20% on the previous year. The total export volume increased at an average annual rate of +13.3% 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.

In value terms, exports of electric accumulators; nickel-iron, including separators, whether or not rectangular (including square)s expanded markedly to $20K in 2022. The total export value increased at an average annual rate of +3.4% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Electric Accumulators; Nickel-Iron, Including Separators, Whether or Not Rectangular (Including Square) from South Korea in 2022:

1. Yemen (286.0 units)
2. Jordan (144.0 units)
3. United States (18.0 units)
4. Canada (14.0 units)
5. Israel (11.0 units)
6. Philippines (7.0 units)
7. Malaysia (7.0 units)

Source: IndexBox Market Intelligence Platform