Price for Magnesium; Raspings, Turnings and Granules, Graded According To Size, Powders in South Korea - 2022
Contents:
- Price for Magnesium; Raspings, Turnings and Granules, Graded According To Size, Powders in South Korea (CIF) - 2022
- Price for Magnesium; Raspings, Turnings and Granules, Graded According To Size, Powders in South Korea (FOB) - 2022
- Imports of Magnesium; Raspings, Turnings and Granules, Graded According To Size, Powders in South Korea
- Exports of Magnesium; Raspings, Turnings and Granules, Graded According To Size, Powders in South Korea
Price for Magnesium; Raspings, Turnings and Granules, Graded According To Size, Powders in South Korea (CIF) - 2022
The average import price for magnesium; raspings, turnings and granules, graded according to size, powderses stood at $5,865 per ton in 2022, picking up by 28% against the previous year. In general, import price indicated prominent growth from 2012 to 2022: its price increased at an average annual rate of +5.0% 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 magnesium; raspings, turnings and granules, graded according to size, powderses increased by +66.6% against 2019 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($6,780 per ton), while the price for the United States totaled $3,340 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+6.7%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Magnesium; Raspings, Turnings and Granules, Graded According To Size, Powders in South Korea (FOB) - 2022
The average export price for magnesium; raspings, turnings and granules, graded according to size, powderses stood at $2,894 per ton in 2022, with a decrease of -31.5% against the previous year. In general, the export price continues to indicate a perceptible curtailment. The pace of growth appeared the most rapid in 2018 an increase of 50% against the previous year. Over the period under review, the average export prices reached the maximum at $4,726 per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($16,341 per ton), while the average price for exports to China ($1,797 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 Japan (+14.7%), while the prices for the other major destinations experienced a decline.
Imports of Magnesium; Raspings, Turnings and Granules, Graded According To Size, Powders in South Korea
In 2022, the amount of magnesium; raspings, turnings and granules, graded according to size, powderses imported into South Korea rose significantly to 1.3K tons, with an increase of 6.3% against the previous year. The total import volume increased at an average annual rate of +4.4% 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 33% against the previous year. As a result, imports attained the peak of 1.5K tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of magnesium; raspings, turnings and granules, graded according to size, powderses surged to $7.4M in 2022. Over the period under review, total imports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +23.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +89.6% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 49% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to see gradual growth in the near future.
| Import of Magnesium; Raspings, Turnings and Granules, Graded According To Size, Powders in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 3.5 | 4.2 | 4.4 | 5.7 | 17.7% |
| United States | 0.3 | 1.5 | 0.9 | 1.3 | 63.0% |
| Others | 0.1 | 0.2 | 0.2 | 0.4 | 58.7% |
| Total | 3.9 | 5.8 | 5.4 | 7.4 | 23.8% |
Top Suppliers of Magnesium; Raspings, Turnings and Granules, Graded According To Size, Powders to South Korea in 2022:
- China (845.2 tons)
- United States (397.0 tons)
Exports of Magnesium; Raspings, Turnings and Granules, Graded According To Size, Powders in South Korea
In 2022, overseas shipments of magnesium; raspings, turnings and granules, graded according to size, powderses were finally on the rise to reach 125 tons after two years of decline. Overall, exports, however, saw a dramatic curtailment.
In value terms, exports of magnesium; raspings, turnings and granules, graded according to size, powderses fell sharply to $363K in 2022. Over the period under review, exports, however, continue to indicate a precipitous curtailment. The smallest decline of -4.4% was in 2020.
| Export of Magnesium; Raspings, Turnings and Granules, Graded According To Size, Powders in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1,154 | 1,046 | 367 | 231 | -41.5% |
| Vietnam | N/A | N/A | N/A | 62.6 | 0% |
| China | N/A | 82.9 | N/A | 24.9 | -45.2% |
| Turkey | 48.6 | 42.3 | 55.7 | 20.6 | -24.9% |
| Japan | 38.4 | 49.6 | 36.3 | 8.3 | -40.0% |
| Romania | 7.4 | N/A | N/A | N/A | 0% |
| Others | 32.6 | 4.2 | 30.7 | 15.3 | -22.3% |
| Total | 1,281 | 1,225 | 490 | 363 | -34.3% |
Top Export Markets for Magnesium; Raspings, Turnings and Granules, Graded According To Size, Powders from South Korea in 2022:
- United States (81.3 tons)
- Vietnam (28.1 tons)
- China (13.8 tons)
- Turkey (1.5 tons)
- Japan (0.5 tons)
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