Republic of Korea - Ferro-Cerium And Pyrophoric Alloys - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Ferro-Cerium and Pyrophoric Alloys in South Korea - 2022
Contents:
- Price for Ferro-Cerium and Pyrophoric Alloys in South Korea (CIF) - 2022
- Price for Ferro-Cerium and Pyrophoric Alloys in South Korea (FOB) - 2022
- Imports of Ferro-Cerium and Pyrophoric Alloys in South Korea
- Exports of Ferro-Cerium and Pyrophoric Alloys in South Korea
Price for Ferro-Cerium and Pyrophoric Alloys in South Korea (CIF) - 2022
In December 2022, the average ferro-cerium and pyrophoric alloys import price amounted to $2,887 per ton, dropping by -15.1% against the previous month. In general, the import price saw a mild contraction. The pace of growth appeared the most rapid in July 2022 when the average import price increased by 44% m-o-m. As a result, import price reached the peak level of $5,510 per ton. From August 2022 to December 2022, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In December 2022, the country with the highest price was China ($5,434 per ton), while the price for Japan totaled $2,265 per ton.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by Poland (+8.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Ferro-Cerium and Pyrophoric Alloys in South Korea (FOB) - 2022
The average ferro-cerium and pyrophoric alloys export price stood at $2,639 per ton in 2022, leveling off at the previous year. Over the last decade, it increased at an average annual rate of +1.9%. The pace of growth was the most pronounced in 2017 when the average export price increased by 20%. As a result, the export price attained the peak level of $2,805 per ton. From 2018 to 2022, the average export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($4,120 per ton), while the average price for exports to China stood at $1,636 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mongolia (+91.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Ferro-Cerium and Pyrophoric Alloys in South Korea
Ferro-cerium and pyrophoric alloys imports into South Korea surged to 236 tons in 2022, growing by 19% against the year before. The total import volume increased at an average annual rate of +2.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 23% against the previous year. As a result, imports reached the peak of 273 tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, ferro-cerium and pyrophoric alloys imports rose significantly to $730K in 2022. The total import 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. The pace of growth was the most pronounced in 2020 when imports increased by 40% against the previous year. As a result, imports reached the peak of $823K. From 2021 to 2022, the growth of imports remained at a lower figure.
Import of Ferro-Cerium and Pyrophoric Alloys in South Korea (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 439 | 416 | 348 | 399 | -3.1% |
Japan | 88.8 | 326 | 204 | 234 | 38.1% |
Others | 61.0 | 80.5 | 85.4 | 96.4 | 16.5% |
Total | 589 | 823 | 637 | 730 | 7.4% |
Top Suppliers of Ferro-Cerium and Pyrophoric Alloys to South Korea in 2022:
- China (119.6 tons)
- Japan (110.7 tons)
Exports of Ferro-Cerium and Pyrophoric Alloys in South Korea
In 2022, shipments abroad of ferro-cerium and pyrophoric alloys increased by 2% to 81 tons for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, recorded a noticeable decrease.
In value terms, ferro-cerium and pyrophoric alloys exports totaled $214K in 2022. Overall, exports, however, continue to indicate a slight contraction.
Export of Ferro-Cerium and Pyrophoric Alloys in South Korea (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Japan | 106 | 125 | 122 | 135 | 8.4% |
China | 0.5 | 89.4 | 71.3 | 79.0 | 440.6% |
Nigeria | 92.6 | N/A | 15.0 | N/A | -59.8% |
Philippines | 21.6 | N/A | 2.9 | N/A | -63.4% |
Others | 0.5 | 2.0 | 0.8 | 0.1 | -41.5% |
Total | 221 | 216 | 212 | 214 | -1.1% |
Top Export Markets for Ferro-Cerium and Pyrophoric Alloys from South Korea in 2022:
- China (48.3 tons)
- Japan (32.7 tons)
This report provides an in-depth analysis of the market for ferro-cerium and pyrophoric alloys 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 32994210 - Ferro-cerium, pyrophoric alloys, articles of combustible materials, n.e.c.
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
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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
This report provides an in-depth analysis of the market for ferro-cerium and pyrophoric alloys in Republic of Korea.
This report provides an in-depth analysis of the global market for ferro-cerium and pyrophoric alloys.
This report provides an in-depth analysis of the market for ferro-cerium and pyrophoric alloys in Republic of Korea.
This report provides an in-depth analysis of the global market for ferro-cerium and pyrophoric alloys.
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